But, yeah, the same concept.
DJT will be interesting to watch, especially the volume vs price movement.
Investing in Trump Media is an act of faith,' expert says. Here are some risks involved
www.cnbc.com
... Trump Media
has become the latest stock to watch.
But rather than a meme stock " an investment that becomes popular for individual investors through social media " the company is more of a personality stock, according to John Rekenthaler, vice president of research at Morningstar.
"The reason that people own this stock is because, in one way or another, they support Donald Trump," Rekenthaler said.
"It's an act of faith," he said.
The former president is the majority shareholder in Trump Media, which trades under the initials of his name, DJT, on the Nasdaq. The stock got off to a rocky start this week, with two straight days of losses, though it was up more than 20% on Wednesday afternoon.
The company's mission statement is to end "Big Tech's assault on free speech by opening up the internet and giving the American people their voices back," according to its website. ...
[emphasis mine]