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....
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Trump Media & Technology Group: Beware The Bear Trap