Many Trump supporters are holding shares in Trump Media & Technology Group and, in some cases, purchasing more shares, following the former president's recent conviction in New York. Professional investors have warned against investing in TMTG, citing the company's high valuation despite its poor financial performance and the various risks it faces, including Trump's legal troubles and potential electoral outcomes. There is also a risk that Trump could cash out his shares, negatively impacting shareholders. Supporters remain unwavering in their belief in Trump and the potential of Truth Social, despite the risks.
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00:00 It's Benzinga and here's what's on the block.
00:02 Many Trump supporters are holding shares in Trump Media and Technology Group and in some
00:07 cases purchasing more shares following the former president's recent conviction in New
00:11 York.
00:12 Professional investors have warned against investing in TMTG citing the company's high
00:16 valuation despite its poor financial performance and the various risks it faces including Trump's
00:22 legal troubles and potential electoral outcomes.
00:25 There is also a risk that Trump could cash out his shares which could negatively impact
00:29 shareholders.
00:31 Supporters remain unwavering in their belief in Trump and the potential of True Social
00:34 despite the risks.
00:35 For all things money, visit Benzinga.com.