Investors are watching Trump Media & Technology Group stock closely as it was halted due to big changes during Election Day in the US. The stock went up 15% but quickly went back down, erasing Monday’s gains. Last week, the stock dropped 20%, losing around $4 billion from its value but is still higher than it was in September.
With the US election ongoing, the stock is expected to stay volatile. Some investors predict that if Trump loses, the stock could go down to $0. It’s a risky bet depending on the election results.
The company, home to Trump’s social media platform, Truth Social, has been gaining attention recently, especially as Trump returned to posting on other social media sites. However, the company has faced financial challenges, showing losses and a drop in revenue.
Trump still holds a 60% stake in the company, with the stock price around $33 per share. Investors continue to keep a close eye on how the stock performs during this uncertain time.
Vocabulary List:
- Volatile /ˈvɒl.ə.tɪl/ (adjective): Liable to change rapidly and unpredictably especially for the worse.
- Stake /steɪk/ (noun): An interest or share in a business or project.
- Erase /ɪˈreɪz/ (verb): To remove or eliminate something completely.
- Gains /ɡeɪnz/ (noun): An increase in wealth or resources often from investments.
- Challenges /ˈtʃæl.ɪn.dʒɪz/ (noun): Difficulties that require a solution or response.
- Attention /əˈtɛn.ʃən/ (noun): The act of focusing on something or someone.
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