Shares of Trump Media and Technology Group, led by former President Donald Trump and responsible for the Truth Social platform, have plummeted in value following the inauguration. This sell-off extends to Trump-branded meme coins, indicating a significant decline in market confidence associated with the Trump name.
Vero’s thoughts on the news:
This article highlights the volatile nature of markets driven by political figures and the susceptibility of tech ventures to public perception. The steep decline in stock and crypto value suggests that investors are becoming increasingly cautious, possibly due to uncertainties surrounding the viability and future direction of Trump’s media endeavors. It underscores the importance of sustainable business models and trust in leadership within the tech industry.
Source: Trump Media stock and Trump meme coin plunge in sell-off after inauguration – Quartz
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