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Excerpt from www.rawstory.comShares of stock in Trump Media & Technology Group, the parent company of Donald Trump’s Truth Social, are back to trading at $53 despite no evidence that the technology company will ever be profitable, according to a report from the New York Times.
That, in turn, has some financial analysts scratching their, heads with one principal in a company specializing in financial advice saying the company is worthless and an investor admitting he’s uncomfortable with how much money he has tied up in the stock.
As The Times’ Matthew Goldstein reported, the stock — often derided as a “meme stock” — has almost returned to the $58 it was valued at the end of the first day of trading, putting Trump’s majority holdings at $6 billion — although he still can touch the money for months.
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