Tag: Social
Trump Media stock slides again to bring it more than 66% below its peak as euphoria fades
Trump Media & Technology Group closed down 18.4% at $26.61 as more of the euphoria that surrounded the stock fades. It\’s a sharp comedown since nearing $80 after the owner of Truth Social merged with a shell company to get its stock trading on the Nasdaq under the symbol \”DJT,\” for Trump\’s initials.
Wall Street brokerages start Reddit coverage with skepticism on user growth
J.P.Morgan and Morgan Stanley started coverage on Reddit with equivalent to \”hold\” ratings, as they wait for clarity on the social media company\’s user growth, while staying bullish on ad-revenue growth and artificial intelligence (AI) initiatives.