The reason why the stock price of Trump Media & Technology Group (Trump Media & Technology Group, TMTG) rose to 175 dollars in 2021 🔥🇱🇷📈

The main reason why the stock price of Trump Media & Technology Group (Trump Media & Technology Group, TMTG) rose to $175 in 2021 is in particular the announcement of the company's emerging media platform “Truth Social” and strong interest from specific investor groups.

1. Truth Social announcement: With the announcement of the SNS platform “Truth Social” led by Mr. Trump, it attracted attention as an alternative to major social media for conservatives. This announcement attracted the interest of Trump supporters and investors who support conservative media, and stock prices skyrocketed.

2. Merger with SPAC (Special Acquisition Purpose Company): TMTG has announced plans to merge with Digital World Acquisition Corp. (DWAC), which is a SPAC. As a result, the public offering proceeded quickly, and attracted investors' interest more quickly compared to a regular IPO (initial public offering). DWAC's stock price skyrocketed as a result of this news, which also had an impact on TMTG's valuation.

3. Speculative movements: Especially among individual investors, Trump-related stocks attracted attention as so-called “meme stocks.” It became a hot topic on online investment forums such as Reddit, and the movement of some individual investors rushing to buy on a large scale has accelerated. These speculative movements further boosted stock prices.
These factors overlapped, and it is thought that TMTG's stock price temporarily soared to 175 dollars.

Well, this time the president was elected 💪🏼📈🇱🇷🏛️🌈

Please don't go for strikeouts ~ ♪