So-called meme stocks are having a moment again. What do Reddit , Trump Media & Technology Group and GameStop all have in common? They all have strong retail participation. Trump Media made its market debut on Tuesday under the ticker DJT, following its merger with shell company Digital World Acquisition Corp. The new business has a current market capitalization of about $9 billion A market cap of roughly $9 billion would put Trump Media on par with the names in the lower end of the S & P 500 , making it comparable to Caesars Entertainment , American Airlines and Mosaic . Reddit, which is not in the S & P 500, also has a market cap of about $9 billion Market capitalization Trump Media & Technology $9.4 b. Reddit $9.2 b. Caesars Entertainment $9.4 b. American Airlines $10 b. Mosaic $10.3 b. This is rather remarkable, considering Trump Media had revenues of roughly $3.3 million. The company lost $49 million in the first nine months of last year, according to The New York Times . GameStop, in comparison, had a small profit in its fiscal year , with revenues of $5.2 billion. The market cap is about $4 billion. Even if you think of these as meme stocks, this is quite a difference. GameStop has a small profit, revenues of $5.2 billion and a market cap of $4 billion. DJT has revenues of $3 million, loses …
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[mwai_chat context=”Let’s have a discussion about this article:nnSo-called meme stocks are having a moment again. What do Reddit , Trump Media & Technology Group and GameStop all have in common? They all have strong retail participation. Trump Media made its market debut on Tuesday under the ticker DJT, following its merger with shell company Digital World Acquisition Corp. The new business has a current market capitalization of about $9 billion A market cap of roughly $9 billion would put Trump Media on par with the names in the lower end of the S & P 500 , making it comparable to Caesars Entertainment , American Airlines and Mosaic . Reddit, which is not in the S & P 500, also has a market cap of about $9 billion Market capitalization Trump Media & Technology $9.4 b. Reddit $9.2 b. Caesars Entertainment $9.4 b. American Airlines $10 b. Mosaic $10.3 b. This is rather remarkable, considering Trump Media had revenues of roughly $3.3 million. The company lost $49 million in the first nine months of last year, according to The New York Times . GameStop, in comparison, had a small profit in its fiscal year , with revenues of $5.2 billion. The market cap is about $4 billion. Even if you think of these as meme stocks, this is quite a difference. GameStop has a small profit, revenues of $5.2 billion and a market cap of $4 billion. DJT has revenues of $3 million, loses …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
