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Trump Media: Excitement Set To Slump

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Updated - April 8 

As expected, Trump Media is slumping after an initial burst following the consummation of the SPAC merger with Digital World. DJT is already down 50% from the initial highs. 

Finviz Chart


Original article published on April 2 

  • Trump Media & Technology Group Corp. completed its SPAC deal with Digital World Acquisition Corp, but shareholders now face major risks with the stock market shifting focus away from SPAC promises.
  • The business has done very little since launching in early 2021, with total 2023 revenue of only $4.1 million.
  • The stock has a fully diluted valuation of up to $10 billion despite weak financials and limited sings of innovation.
  • Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios. Learn More »
After a very lengthy process and a difficult road, Trump Media & Technology Group Corp., or TMTG, (NASDAQ:DJT) finally completed the SPAC deal with Digital World Acquisition Corp. As with most SPACs after completing business combinations, shareholders in the social media company now face major risks with the stock market shifting focus away from SPAC promises to the reality of the limited business in place. My investment thesis remains ultra Bearish with the stock still trading at nearly $50 despite updating the market with weak 2023 numbers and not providing much hope for 2024.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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