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The share price of Trump Media & Technology Group, which owns the far right-wing social media platform Truth Social, even dipped below its original offering price of $49.95 when it merged with a blank-check acquisition company last week.
In other words, even after its major tumble this week, the meme stock is still massively overvalued and likely nothing more than an eleventh-hour attempt to raise some desperately needed funds for Trump's re-election campaign.The crash this week was widely predicted by experts. After all, it's still unclear what TMTG even brings to the table.
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