The political hope is meeting a financial reality, Tyler Richey told ABC News.
The political hope is meeting a financial reality: Sevens Report Analyst, Tyler Richey, Quoted in ABC News
Why is Trump’s Truth Social stock plummeting?
“The political hope is meeting a financial reality,” Tyler Richey, an analyst at Sevens Report Research, told ABC News.
“The valuation is just astronomical,” Richey said. “So it’s coming back to Earth.”
Supporters of Trump could seek to reverse the company’s declining stock price, Richey said.
“You may have some die-hard supporters come in and support the stock,” Richey said, noting that such a move could elicit a response from skeptics of Trump or the company.
“In this political environment, there’s just as many people that would bet against the stock as would be for it,” Richey said.
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