Trump Media’s Stock Price Isn’t About Fundamentals

Details

Publish Date:

April 2, 2024

Author(s):

Green, Joshua
Maloney, Tom

Source:

Bloomberg

Related Person(s):

Related Organization(s):

Stanford Securities Litigation Analytics (SSLA),
John M. Olin Program in Law and Economics,
Arthur and Toni Rembe Rock Center for Corporate Governance

Summary

“The shares aren’t trading on any information, they’re just trading on cult value,” says Michael Klausner, a Stanford law professor who has written about SPAC deals.