The stock serves as a little bit of a proxy for sentiment
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“The stock serves as a little bit of a proxy for sentiment toward Donald Trump himself,” Tyler Richey, an analyst at Sevens Report Research, told ABC News.
“I think there’s a resurgence of people — your die-hard Trump fans and fair-weather supporters — who think, ‘This is a life or death situation, we’re going all in,'” Richey added.
“The financials are atrocious,” Richey said. “But the prospects, while a little doubtful, are still there.”
“If this generates a significant uptick in users, then that could be bullish. Or it becomes a blip of short-term optimism,” he added.
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