Trump Media has seen its market value rise and fall by billions of dollars in the runup to the 2024 presidential election, as retail investors bet on the Republican's momentum and political prospects.
While Trump Media has reported a $363 million net loss on revenue of just $2.6 million so far this year, it boasts a market cap above $7 billion. The company said in its third-quarter earnings report that it holds nearly $673 million in cash and cash equivalents.
A Trump Media spokeswoman did not immediately respond to CNBC's request for comment.