The departure of the No. 2 executive at Trump Media is tied to a whistleblower complaint, raising concerns among investors, but the stock remains buoyant.
Despite its nominal decline, shares of Trump Media & Technology Group rebounded, illustrating that it behaves like a meme stock rather than a conventional company.
The financial state of Trump Media is alarming, with revenues down year-over-year and no public disclosure of user numbers, yet its market value is still projected at $3 billion.
With Trump resuming posts on other platforms, the exclusivity of Truth Social diminishes, although the company retains a significant market valuation based more on sentiment than value.
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