Trump Media & Technology Group's stock rose 14.2% for the second day after a SPAC merger, reaching a $7 billion market cap.

The surge comes despite the company reporting only $3.4 million in revenue and a $49 million loss in the first three quarters of 2023.

The company's stock behavior is likened to that of a meme stock, influenced more by sentiment and Trump-related news than financial performance.

Plans for a 'non-woke' streaming service, TMTG+, have sparked concerns over valuation and potential foreign influence in US politics.

Legal challenges plague the company, including lawsuits and a significant fine for allegedly inflating assets.