Trump Media Stock Soars, Raising Billions But Faces Uncertain Future

• Trump Media & Technology Group stock has surged, making Trump's ownership stake worth over $4 billion, but trading based on Trump's notoriety rather than fundamentals

• Stock price is very sensitive to Trump's legal and financial issues; he could sell shares to pay legal fees

• Risks include niche Truth Social app having no competitive advantage except Trump's appeal

• If Trump loses 2024 election, Truth Social's future as gathering place for supporters would be diminished

• Trading in the stock is a unique way to monetize political beliefs about the 2024 election outcome