At Tuesdays closing stock price, Trumps stake in Truth Socials parent company is worth over $4.5 billion.
But dont get too excited Mr. Trump.
A quick visit to r/wallstreetbets confirms that meme stock traders arehopping onto DJTon the first day of trading.
Yay?Photo: Julie Bennett (Getty Images)
The subreddit is plastered with posts from day traders placing puts and shorts on Trumps media company.
That valuation makes a little more sense, though Reddit is also subject to meme stock traders.
For now, we welcome DJT to the world of meme stocks.
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