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$DJT Pumping 🧐 Research Wanted 🤔

posted 38 days ago by Anandamide 38 days ago by Anandamide +36 / -0

Anyone know why DJT is pumping today?

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– LordKekingtonEsquire 5 points 38 days ago +5 / -0

Probably the BAKKT news along with this fact that DJT is a debt-free company at the moment:

With a market capitalization of more than $6 billion, Trump Media & Technology has a valuation of a meme stock given that its core business generated only $1 million in third-quarter revenue and an operating loss of $23.7.

Still, the company has about $672.9 million in cash and cash equivalents, with no debt.

"With its strong balance sheet, the company believes it is well-positioned to further develop and expand its new TV streaming platform, Truth+," DJT said on Nov. 5.

https://www.morningstar.com/news/marketwatch/20241114257/djt-stock-flattens-out-as-investors-take-in-trumps-cabinet-moves

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– floridafrog 1 point 38 days ago +1 / -0

Reading BKKT got halted on the news...

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