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home / news releases / trump media technology group beware the bear trap

PINS - Trump Media & Technology Group: Beware The Bear Trap

Pinterest Inc. Class A

2024-03-28 08:45:00 ET

Summary

  • Trump Media & Technology Group Corp.'s stock price surged 35% after shareholders approved the merger with Digital World Acquisition Corp.
  • The company's low user base and sales make its valuation excessive and unsustainable.
  • Investors should be cautious and avoid falling into a potential bear trap.

The stock price of what is now Trump Media & Technology Group Corp. ( DJT ) skyrocketed 35% on Monday after shareholders gave their nod for the special purchase acquisition company Digital World Acquisition Corp. to merge with the Truth Social-parent....

For further details see:

Trump Media & Technology Group: Beware The Bear Trap
Stock Information
Company Name: Pinterest Inc. Class A
Stock Symbol: PINS
Market: NYSE
Website: pinterest.com
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