Apex Trader Funding (ATF) - News
Trump Media Vs. Reddit — Analyzing The Showdown Of Social Media Giants
The recent market debuts of Reddit Inc (NYSE:RDDT) and Trump Media & Technology Group Corp (NASDAQ:DJT) reignited a longstanding debate among investors: do surging initial stock prices suggest underpricing, leaving potential value untapped?
What Happened: Investors in Reddit’s recent initial public offering (IPO) reaped swift returns. Those who put money into Trump Media, the parent company of Truth Social, saw the value of their stock plummet from a high of $79.38 per share to a dismal $22.55.
See below.
Trump Media Stock’s Decline Has Outpaced Reddit Stock