Should You Forget Trump Media and Buy These 2 Tech Stocks Instead?

Trump Media & Technology Group (NASDAQ: DJT), the parent company of Truth Social, has taken investors on a wild ride since it went public by merging with a special purpose acquisition company (SPAC) on March 26, 2024. Its stock opened at $70.90, sank to an all-time low of $12.15 on Sept. 23, and now trades at about $33.In 2023, Trump Media generated just $4.1 million in revenue while racking up a net loss of $58.2 million. In the first nine months of 2024, it only generated $2.6 million in revenue as its net loss widened to a whopping $363 million. With an enterprise value of $5.44 billion, its stock trades at 1,322 times last year's revenue -- so it's a meme stock that is mainly being propped up by the news cycle as it relates to President-elect Donald Trump instead of operating a sustainable business model.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool