Trump Media & Technology Group's Stock Plummets Amid Truth Social Turmoil

The newly christened Trump Media & Technology Group's stock has experienced significant volatility, with shares falling 38.7% from its 52-week high in just one day. Financial analysis suggests that the company's fair value is likely lower than $5 per share, with a market capitalization of $6.46 billion appearing unrealistic given its revenue and user base. The company's financial track record shows rapid revenue growth but also significant losses, and its monthly active user value is significantly higher than other social platforms. The involvement of former President Trump and the company's acknowledged "greater risks" contribute to a very pessimistic outlook, leading the analyst to rate the business a very 'strong sell' with the expectation of shares falling significantly, possibly even in excess of 90%.