Trump Media and Technology Group’s market cap now exceeds X's, showing a stock price surge driven by Trump's political fortunes rather than actual business performance.
Despite TMTG experiencing substantial revenue losses and no user metrics disclosed, trading activity has surged, suggesting it is viewed as a meme stock.
While TMTG's stock has risen by 345% recently, it reported revenues of just $837,000 in Q2, demonstrating a stark disconnect between stock price and financial health.
The stock's volatility has attracted momentum traders, capitalizing on the hype around Trump's political campaign, resulting in significant trading activity for TMTG.
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