{"id":219226,"date":"2024-04-01T21:06:19","date_gmt":"2024-04-01T21:06:19","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/04\/01\/an-event-study-news-and-trump-media-and-technology-group-4-1-2024\/"},"modified":"2025-06-25T17:19:31","modified_gmt":"2025-06-25T17:19:31","slug":"an-event-study-news-and-trump-media-and-technology-group-4-1-2024","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/04\/01\/an-event-study-news-and-trump-media-and-technology-group-4-1-2024\/","title":{"rendered":"An Event Study: News and Trump Media and Technology Group, 4\/1\/2024"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-51697\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>The efficient markets hypothesis indicates that new information should induce a revision to the present discounted value of future dividends, and hence a change in the market value. Apparently news came today.<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/04\/djtticker_1apr24.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-51698\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/04\/djtticker_1apr24.png\" alt=\"\" width=\"1055\" height=\"490\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/04\/djtticker_1apr24.png 1055w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/04\/djtticker_1apr24-300x139.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/04\/djtticker_1apr24-1024x476.png 1024w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/04\/djtticker_1apr24-768x357.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/04\/djtticker_1apr24-624x290.png 624w\" sizes=\"(max-width: 1055px) 100vw, 1055px\"\/><\/a><\/p>\n<p><em><strong>Source:<\/strong> <a href=\"https:\/\/www.investing.com\/equities\/digital-world-acquisition\">Investing.com<\/a>, 1:50 CT, 4\/1\/2024.<\/em><\/p>\n<p>Of course, the efficient markets hypothesis would\u2019ve also suggested that the price of this stock was way out of proportion to fundamentals (as perceived by rational agents). However, fads (as defined by <a href=\"http:\/\/www.ssc.wisc.edu\/~mchinn\/e435_fads_f19.pdf\">Summers<\/a>) can be very long-lasting, and difficult to detect using the standard random walk criterion.<\/p>\n<p>Addendum:<\/p>\n<p>Since the consolidated group only started trading last Tuesday, maybe better to show what\u2019s happened over the past week.<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/04\/djtticker_1apr24_1415ct.png\"><img decoding=\"async\" class=\"alignnone size-full wp-image-51703\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/04\/djtticker_1apr24_1415ct.png\" alt=\"\" width=\"1200\" height=\"498\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/04\/djtticker_1apr24_1415ct.png 1200w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/04\/djtticker_1apr24_1415ct-300x125.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/04\/djtticker_1apr24_1415ct-1024x425.png 1024w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/04\/djtticker_1apr24_1415ct-768x319.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/04\/djtticker_1apr24_1415ct-624x259.png 624w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><\/a><\/p>\n<p><em><strong>Source:<\/strong> <a href=\"https:\/\/www.investing.com\/equities\/digital-world-acquisition\">Investing.com<\/a>, 2:15 CT, 4\/1\/2024.<\/em><\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2024\/04\/an-event-study-news-and-trump-media-and-technology-group-4-1-2024\" title=\"12:02 pm\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2024-04-01T12:02:43-07:00\">April 1, 2024<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2024\/04\/an-event-study-news-and-trump-media-and-technology-group-4-1-2024\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] The efficient markets hypothesis indicates that new information should induce a revision to the present discounted value of future dividends, and hence a change<\/p>\n","protected":false},"author":1,"featured_media":219227,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/219226"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=219226"}],"version-history":[{"count":1,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/219226\/revisions"}],"predecessor-version":[{"id":332071,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/219226\/revisions\/332071"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/219227"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=219226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=219226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=219226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}