Trump Media & Technology Group Corp. NasdaqGM: DJT

[Dan]

https://finance.yahoo.com/quote/DJT

[Jw2]

Trump Media & Technology Group Corp
$41.54 USD
+3.05 (7.92%)today
Closed: Apr 26, 7:59 PM EDT

[Jw2]

How a Pirate-Clad Pastor Helped Ignite Trump Media’s Market Frenzy

One afternoon last month, Chad Nedohin, a part-time pastor and die-hard supporter of Donald Trump, put on a pirate costume, set up his microphone and recited a prayer.

Nedohin was opening his latest livestream on the right-wing video site Rumble, where he has about 1,400 followers who share a devotion to Trump Media & Technology Group, the former president’s social media company.

“Faith comes from hearing — that is, hearing the good news about Christ,” said Nedohin, 40, his face framed by fake dreadlocks under a pirate-style hat.

Nedohin and his viewers were waiting for the results of a merger vote that would determine whether Trump’s company could start selling stock on Wall Street. Soon the news about Trump Media arrived via an audio feed: It was going public.

Nedohin raised his arms in celebration. A few minutes later, he cut to a video of a rocket blasting into the sky, with Trump photoshopped onto it. “We are holding Trump stocks,” he declared. “We are now financial investors in him.”

Nedohin is one of hundreds of thousands of amateur investors who own shares of Trump Media, convinced that its sole platform, Truth Social, will become one of the world’s most popular and profitable social media sites. In recent months, tens of thousands of Trump fans have tuned into Nedohin’s webcasts, where he exhorts viewers to invest in the company, arguing that “Trump always wins in the long run.”

The enthusiasm from Nedohin and other Trump supporters has turned Trump Media into the latest “meme stock,” driven more by internet hype than business fundamentals. In the public markets, these amateur investors have found themselves pitted against professional short sellers, specialist investors who bet that stocks will fail, as well as frantic day traders looking for a quick profit.

As a result, Trump Media’s stock price has swung wildly, sometimes dropping as much as 18% or rising as much as 28% in a single day. The company is “a meme stock on steroids,” one analyst recently wrote.

[Dan]

Because of some guy wearing a pirate costume? 

[Truman62]

Yeah, THAT is how crazy you guys are!

How does it feel to be part of the Crazy Group, Alaskan Denial Yeti?

oh wait, you'll deny it...

[Dan]

Alaskan Denial Yeti says what?