Trump’s fortunes shot up to $8 billion on paper<\/a>, but it couldn’t be taken to the bank due to the ‘lock-up’ regulation which prevents insider trading of freshly issued shares for six months.<\/p>\nWhat are the prospects for Trump Media and Truth Social?<\/h2>\n
The stocks have since dipped and recovered, but the backers are mostly individuals who share the ’cause’ of Trump as a bulwark against big tech and established forces.<\/p>\n
Julian Klymochko, CEO of Calgary-based Accelerate Financial Technologies described the business as “everything out of the ordinary”.<\/p>\n
“I call it the mother of all meme stocks”, he opined, using a term associated with Trump Media and other concerns that get embroiled in online razzmatazz, far beyond what traditional understanding dictates.<\/p>\n
For the legions of Trump diehards, the stock also represents a raison d’etre, putting your money where your mouth is for the MAGA cause. Conversely, institutional investors have largely given Trump Media a wide berth.<\/p>\n
The prospects of the company and Truth Social as a platform look uncertain and unclear at best, with doubt abounding. There is also the real potential of a Trump return to the White House at the end of the year which would propel him once again to the top of the headlines and with it, a likely shot in the arm for the stocks and value of Trump Media.<\/p>\n
It could be deemed a meme or a rollercoaster, a few more ups and downs are guaranteed but who will have the last laugh?<\/p>\n
Image credit: Ideogram<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"One month since Trump Media & Technology Group Corp. went public on the Nasdaq exchange, the share price has been… Continue reading ‘The mother of all meme stocks’ – tracking Trump’s Truth Social<\/span><\/a><\/p>\n","protected":false},"author":26531,"featured_media":281033,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[90,9912],"tags":[8618,59226],"table_tags":[],"acf":[],"yoast_head":"\n'The mother of all meme stocks' - tracking Trump's Truth Social - ReadWrite<\/title>\n<meta name=\"description\" content=\"One month since Trump Media & Truth Social went public on the Nasdaq exchange, the share price has been up and down\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/readwrite.com\/the-mother-of-all-meme-stocks-tracking-trumps-truth-social\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"'The mother of all meme stocks' - tracking Trump's Truth Social\" \/>\n<meta property=\"og:description\" content=\"One month since Trump Media & Truth Social went public on the Nasdaq exchange, the share price has been up and down\" \/>\n<meta property=\"og:url\" content=\"https:\/\/readwrite.com\/the-mother-of-all-meme-stocks-tracking-trumps-truth-social\/\" \/>\n<meta property=\"og:site_name\" content=\"ReadWrite\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-26T14:42:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/readwrite.com\/wp-content\/uploads\/2024\/04\/eF00zdbST0ajHv3Sc9dkPA-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1232\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Graeme Hanna\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/graeme818\" \/>\n<meta name=\"twitter:site\" content=\"@rww\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Graeme Hanna\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/readwrite.com\/the-mother-of-all-meme-stocks-tracking-trumps-truth-social\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/readwrite.com\/the-mother-of-all-meme-stocks-tracking-trumps-truth-social\/\"},\"author\":{\"name\":\"Graeme Hanna\",\"@id\":\"https:\/\/readwrite.com\/#\/schema\/person\/f756f3d13ed8828218e589054348d304\"},\"headline\":\"‘The mother of all meme stocks’ – tracking Trump’s Truth Social\",\"datePublished\":\"2024-04-26T14:42:58+00:00\",\"dateModified\":\"2024-04-26T14:42:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/readwrite.com\/the-mother-of-all-meme-stocks-tracking-trumps-truth-social\/\"},\"wordCount\":440,\"publisher\":{\"@id\":\"https:\/\/readwrite.com\/#organization\"},\"keywords\":[\"Donald Trump\",\"Truth Social\"],\"articleSection\":[\"Social\",\"Technology\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/readwrite.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/readwrite.com\/the-mother-of-all-meme-stocks-tracking-trumps-truth-social\/\",\"url\":\"https:\/\/readwrite.com\/the-mother-of-all-meme-stocks-tracking-trumps-truth-social\/\",\"name\":\"'The mother of all meme stocks' - tracking Trump's Truth Social - ReadWrite\",\"isPartOf\":{\"@id\":\"https:\/\/readwrite.com\/#website\"},\"datePublished\":\"2024-04-26T14:42:58+00:00\",\"dateModified\":\"2024-04-26T14:42:58+00:00\",\"description\":\"One month since Trump Media & Truth Social went public on the Nasdaq exchange, the share price has been up and down\",\"breadcrumb\":{\"@id\":\"https:\/\/readwrite.com\/the-mother-of-all-meme-stocks-tracking-trumps-truth-social\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/readwrite.com\/the-mother-of-all-meme-stocks-tracking-trumps-truth-social\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/readwrite.com\/the-mother-of-all-meme-stocks-tracking-trumps-truth-social\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/readwrite.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"‘The mother of all meme stocks’ – tracking Trump’s Truth Social\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/readwrite.com\/#website\",\"url\":\"https:\/\/readwrite.com\/\",\"name\":\"ReadWrite\",\"description\":\"Crypto, Gaming & Emerging Tech News\",\"publisher\":{\"@id\":\"https:\/\/readwrite.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/readwrite.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/readwrite.com\/#organization\",\"name\":\"ReadWrite\",\"url\":\"https:\/\/readwrite.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/readwrite.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/readwrite.com\/wp-content\/uploads\/2024\/03\/Logo_OnLight.svg\",\"contentUrl\":\"https:\/\/readwrite.com\/wp-content\/uploads\/2024\/03\/Logo_OnLight.svg\",\"width\":232,\"height\":41,\"caption\":\"ReadWrite\"},\"image\":{\"@id\":\"https:\/\/readwrite.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/rww\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/readwrite.com\/#\/schema\/person\/f756f3d13ed8828218e589054348d304\",\"name\":\"Graeme Hanna\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/readwrite.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/readwrite.com\/wp-content\/uploads\/2024\/01\/graeme-hanna_avatar-96x96.jpg\",\"contentUrl\":\"https:\/\/readwrite.com\/wp-content\/uploads\/2024\/01\/graeme-hanna_avatar-96x96.jpg\",\"caption\":\"Graeme Hanna\"},\"description\":\"Graeme Hanna is a full-time, freelance writer with significant experience in online news as well as content writing. Since January 2021, he has contributed as a football and news writer for several mainstream UK titles including The Glasgow Times, Rangers Review, Manchester Evening News, MyLondon, Give Me Sport, and the Belfast News Letter. Graeme has worked across several briefs including news and feature writing in addition to other significant work experience in professional services. Now a contributing news writer at ReadWrite.com, he is involved with pitching relevant content for publication as well as writing engaging tech news stories.\",\"sameAs\":[\"https:\/\/muckrack.com\/graeme-hanna\",\"https:\/\/www.linkedin.com\/in\/graemehanna\/\",\"https:\/\/twitter.com\/https:\/\/twitter.com\/graeme818\"],\"url\":\"https:\/\/readwrite.com\/author\/graeme-hanna\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"'The mother of all meme stocks' - tracking Trump's Truth Social - ReadWrite","description":"One month since Trump Media & Truth Social went public on the Nasdaq exchange, the share price has been up and down","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/readwrite.com\/the-mother-of-all-meme-stocks-tracking-trumps-truth-social\/","og_locale":"en_US","og_type":"article","og_title":"'The mother of all meme stocks' - tracking Trump's Truth Social","og_description":"One month since Trump Media & Truth Social went public on the Nasdaq exchange, the share price has been up and down","og_url":"https:\/\/readwrite.com\/the-mother-of-all-meme-stocks-tracking-trumps-truth-social\/","og_site_name":"ReadWrite","article_published_time":"2024-04-26T14:42:58+00:00","og_image":[{"width":1232,"height":768,"url":"https:\/\/readwrite.com\/wp-content\/uploads\/2024\/04\/eF00zdbST0ajHv3Sc9dkPA-1.jpg","type":"image\/jpeg"}],"author":"Graeme Hanna","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/graeme818","twitter_site":"@rww","twitter_misc":{"Written by":"Graeme Hanna","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/readwrite.com\/the-mother-of-all-meme-stocks-tracking-trumps-truth-social\/#article","isPartOf":{"@id":"https:\/\/readwrite.com\/the-mother-of-all-meme-stocks-tracking-trumps-truth-social\/"},"author":{"name":"Graeme Hanna","@id":"https:\/\/readwrite.com\/#\/schema\/person\/f756f3d13ed8828218e589054348d304"},"headline":"‘The mother of all meme stocks’ – tracking Trump’s Truth Social","datePublished":"2024-04-26T14:42:58+00:00","dateModified":"2024-04-26T14:42:58+00:00","mainEntityOfPage":{"@id":"https:\/\/readwrite.com\/the-mother-of-all-meme-stocks-tracking-trumps-truth-social\/"},"wordCount":440,"publisher":{"@id":"https:\/\/readwrite.com\/#organization"},"keywords":["Donald Trump","Truth Social"],"articleSection":["Social","Technology"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/readwrite.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/readwrite.com\/the-mother-of-all-meme-stocks-tracking-trumps-truth-social\/","url":"https:\/\/readwrite.com\/the-mother-of-all-meme-stocks-tracking-trumps-truth-social\/","name":"'The mother of all meme stocks' - tracking Trump's Truth Social - ReadWrite","isPartOf":{"@id":"https:\/\/readwrite.com\/#website"},"datePublished":"2024-04-26T14:42:58+00:00","dateModified":"2024-04-26T14:42:58+00:00","description":"One month since Trump Media & Truth Social went public on the Nasdaq exchange, the share price has been up and down","breadcrumb":{"@id":"https:\/\/readwrite.com\/the-mother-of-all-meme-stocks-tracking-trumps-truth-social\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/readwrite.com\/the-mother-of-all-meme-stocks-tracking-trumps-truth-social\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/readwrite.com\/the-mother-of-all-meme-stocks-tracking-trumps-truth-social\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/readwrite.com\/"},{"@type":"ListItem","position":2,"name":"‘The mother of all meme stocks’ – tracking Trump’s Truth Social"}]},{"@type":"WebSite","@id":"https:\/\/readwrite.com\/#website","url":"https:\/\/readwrite.com\/","name":"ReadWrite","description":"Crypto, Gaming & Emerging Tech News","publisher":{"@id":"https:\/\/readwrite.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/readwrite.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/readwrite.com\/#organization","name":"ReadWrite","url":"https:\/\/readwrite.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/readwrite.com\/#\/schema\/logo\/image\/","url":"https:\/\/readwrite.com\/wp-content\/uploads\/2024\/03\/Logo_OnLight.svg","contentUrl":"https:\/\/readwrite.com\/wp-content\/uploads\/2024\/03\/Logo_OnLight.svg","width":232,"height":41,"caption":"ReadWrite"},"image":{"@id":"https:\/\/readwrite.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/twitter.com\/rww"]},{"@type":"Person","@id":"https:\/\/readwrite.com\/#\/schema\/person\/f756f3d13ed8828218e589054348d304","name":"Graeme Hanna","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/readwrite.com\/#\/schema\/person\/image\/","url":"https:\/\/readwrite.com\/wp-content\/uploads\/2024\/01\/graeme-hanna_avatar-96x96.jpg","contentUrl":"https:\/\/readwrite.com\/wp-content\/uploads\/2024\/01\/graeme-hanna_avatar-96x96.jpg","caption":"Graeme Hanna"},"description":"Graeme Hanna is a full-time, freelance writer with significant experience in online news as well as content writing. Since January 2021, he has contributed as a football and news writer for several mainstream UK titles including The Glasgow Times, Rangers Review, Manchester Evening News, MyLondon, Give Me Sport, and the Belfast News Letter. Graeme has worked across several briefs including news and feature writing in addition to other significant work experience in professional services. Now a contributing news writer at ReadWrite.com, he is involved with pitching relevant content for publication as well as writing engaging tech news stories.","sameAs":["https:\/\/muckrack.com\/graeme-hanna","https:\/\/www.linkedin.com\/in\/graemehanna\/","https:\/\/twitter.com\/https:\/\/twitter.com\/graeme818"],"url":"https:\/\/readwrite.com\/author\/graeme-hanna\/"}]}},"modified_by":"Sam Shedden","_links":{"self":[{"href":"https:\/\/readwrite.com\/wp-json\/wp\/v2\/posts\/280837"}],"collection":[{"href":"https:\/\/readwrite.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/readwrite.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/readwrite.com\/wp-json\/wp\/v2\/users\/26531"}],"replies":[{"embeddable":true,"href":"https:\/\/readwrite.com\/wp-json\/wp\/v2\/comments?post=280837"}],"version-history":[{"count":3,"href":"https:\/\/readwrite.com\/wp-json\/wp\/v2\/posts\/280837\/revisions"}],"predecessor-version":[{"id":281034,"href":"https:\/\/readwrite.com\/wp-json\/wp\/v2\/posts\/280837\/revisions\/281034"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/readwrite.com\/wp-json\/wp\/v2\/media\/281033"}],"wp:attachment":[{"href":"https:\/\/readwrite.com\/wp-json\/wp\/v2\/media?parent=280837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/readwrite.com\/wp-json\/wp\/v2\/categories?post=280837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/readwrite.com\/wp-json\/wp\/v2\/tags?post=280837"},{"taxonomy":"table_tags","embeddable":true,"href":"https:\/\/readwrite.com\/wp-json\/wp\/v2\/table_tags?post=280837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}