Forget Trump Media: These 2 Social Media Stocks Are Considerably Cheaper and Smarter Buys
Few things garner the attention of Wall Street and investors better than a stock that's being whipsawed by a double-digit percentage on a near-daily basis. This has become something of the norm for Wall Street's newest meme stock, Trump Media and Technology Group (NASDAQ: DJT) (TMTG).
On March 26, the parent company of social media platform Truth Social completed its merger with special purpose acquisition company (SPAC) Digital World Acquisition and became the public company we now know as "Trump Media." In a span of two weeks, Trump Media's stock doubled and subsequently gave up almost the entirety of its gains.
While some investors may view Trump Media as the next great short squeeze opportunity, there are quite a few reasons it should be avoided like the plague from an investment standpoint.
Source Fool.com
