"Trump's Truth Social Stock Surges Amid Meme-Stock Mania"
Meme-stock mania has propelled Trump Media & Technology Group's value beyond that of several S&P 500 companies, with its market cap reaching over $13 billion. Donald Trump's net worth has surged by an estimated $4.7 billion this year to about $7.8 billion, largely due to his 58% stake in TMTG. Retail investors, reminiscent of the GameStop and AMC Entertainment frenzy, have flocked to TMTG, driving its stock price up nearly 80%. Despite the company's minimal revenue and significant losses, speculation and FOMO are likely driving the surge, as buyers of meme stocks tend to prioritize emotion and hype over fundamentals.