Stock shorters have made millions betting against Trump Media: ‘A lot of his businesses go belly up' (1 Viewer)

  • Thread starterBernard Condon | Associated Press
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    Bernard Condon | Associated Press

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    Rooting for Donald Trump to fail has rarely been this profitable.

    Just ask a hardy band of mostly amateur Wall Street investors who have collectively made tens of millions of dollars over the past month by betting that the stock price of his social media business — Truth Social — will keep dropping despite massive buying by Trump loyalists and wild swings that often mirror the candidate’s latest polls, court trials and outbursts on Truth Social itself.

    Several of these investors interviewed by The Associated Press say their bearish gambles using...

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