Published 2 months ago

Trump Media, Reddit surge despite questionable profit prospects, taking on the ‘meme stock’ mantle

Reddit's IPO rose by 48% on debut, followed by Trump Media skyrocketing 59% before closing up 16% on Tuesday. Analysts see parallels with the meme stock craze.
Trump Media, GameStop, and Reddit have high retail investor bases. GameStop's market value peaked in 2021 but declined after Cohen's efforts failed.
GameStop has revenues of $5.2 billion and a market cap of $4 billion; Trump Media's revenues were $3.3 million, losing $49 million in 2023.

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Associated Press News

Trump Media, Reddit surge despite questionable profit prospects, taking on the 'meme stock' mantle

Reddit and Trump Media are the first notable social media companies to begin trading publicly in the last five years.

2 months ago·United States

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abc News

Trump Media, Reddit surge despite questionable profit prospects, taking on the 'meme stock' mantle

Reddit and Trump Media are the first notable social media companies to begin trading publicly in the last five years

2 months ago·United States

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CNBC

Meme stocks are back as Trump Media and Reddit surge upon their debuts

Trump Media and Reddit share a key attribute in common with the likes of GameStop.

2 months ago·United States

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KVIA

Trump Media, Reddit surge despite questionable profit prospects, taking on the 'meme stock' mantle

NEW YORK (AP) — Reddit and Trump Media are the first notable social media companies to begin trading publicly in the last five years. They’re also, thanks to the rabid reception among investors coupled with the companies’ fuzzy profit outlooks, the latest meme stocks. Meme stocks are typically shares in companies whose underlying business fails to justify a surge in their stock prices. Analysts and academics are comparing the surge in Reddit and…

2 months ago·Panama City, United States

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Business Insider

Meme-stock mania comes roaring back to leave Donald Trump's Truth Social owner TMTG worth more than Etsy or Hasbro

Donald Trump.Getty ImagesMeme-stock fans have boosted Trump Media & Technology Group stock by nearly 80% this week.Truth Social's parent company is now valued at over $13 billion on a fully diluted basis.That puts it ahead of American Airlines, Ralph Lauren, Campbell Soup, and other S&P 500 companies.Meme-stock mania has boosted the value of Trump Media & Technology Group beyond Etsy, Hasbro, and Paramount Global — three S&P 500 companies worth …

2 months ago·United States

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News 4 JAX

Trump Media, Reddit surge despite questionable profit prospects, taking on the 'meme stock' mantle

Reddit and Trump Media are the first notable social media companies to begin trading publicly in the last five years. They're also, thanks to the rabid reception among investors coupled with the companies' fuzzy profit outlooks, the latest meme stocks. Meme stocks are typically shares in companies whose underlying business fails to justify a surge in their price. The action is often driven by small investors who for some reason pile into a stock…

2 months ago·Jacksonville, United States

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Leaning Left5Leaning Right0Center7Last Updated2 months agoBias Distribution

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Trump Media, Reddit surge despite questionable profit prospects, taking on the ‘meme stock’ mantle

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Trump Media, Reddit surge despite questionable profit prospects, taking on the 'meme stock' mantle

Trump Media, Reddit surge despite questionable profit prospects, taking on the 'meme stock' mantle

Trump Media, Reddit surge despite questionable profit prospects, taking on the 'meme stock' mantle

Trump Media, Reddit surge despite questionable profit prospects, taking on the 'meme stock' mantle

Meme stocks are back as Trump Media and Reddit surge upon their debuts

Meme stocks are back as Trump Media and Reddit surge upon their debuts

Trump Media, Reddit surge despite questionable profit prospects, taking on the 'meme stock' mantle

Trump Media, Reddit surge despite questionable profit prospects, taking on the 'meme stock' mantle

Meme-stock mania comes roaring back to leave Donald Trump's Truth Social owner TMTG worth more than Etsy or Hasbro

Meme-stock mania comes roaring back to leave Donald Trump's Truth Social owner TMTG worth more than Etsy or Hasbro

Trump Media, Reddit surge despite questionable profit prospects, taking on the 'meme stock' mantle

Trump Media, Reddit surge despite questionable profit prospects, taking on the 'meme stock' mantle

Coverage Details

Bias Distribution

Ownership

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