Trump Media & Technology Group (NASDAQ: DJT ), typically shortened to Trump Media, is a target of controversy and constant debate. Trump Media stock is sometimes labeled as a meme stock because of the attention former President Donald Trump receives. Sensible investors can find reasons to hold this stock.
Trump Media, first and foremost, will sink or swim as the holding company of the Truth Social media platform. Thus, Trump Media’s investors should be able to envision the future growth of Truth Social. Sure, you can and should consider the meme-stock angle with Trump Media stock.
Just don’t get too distracted because you’ll miss the real story here and, potentially, a buying opportunity. Be Patient With Trump Media Stock For one thing, I don’t recommend investing in Trump Media as a get-rich-quick scheme. Patience will be the key that unlocks success with Trump Media stock.
Sometimes, there will be setbacks and delays. For example, earlier this month, the U.S.
Securities and Exchange Commission charged former Trump Media auditor BF Borgers CPA with “ massive fraud .” Trump Media promptly addressed this problem by appointing a new auditor , Semple, Marchal & Cooper, LLP. This doesn’t mean that the issue is entirely cleared up, though.
An SEC filing revealed that Trump Media won’t be able to submit its first-quarter financial information on time. This development shouldn’t come as a huge surprise, but it might disappoint some investors. We’ll all just have .