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Investors have been profiting by betting against Trump Media's Truth Social stock, which has plummeted from $66.22 to $38.49 since its IPO. The company's poor financial performance, with a $58 million loss last year, has led to bearish sentiments and successful shorting strategies. Various individuals, including an ad executive and amateur Wall Street investors, have made millions by taking short positions on the stock. Concerns about the company's financial viability and Trump's business acumen have fueled the negative outlook.
Former President Donald Trump's social media company, Truth Media, has recorded a $58 million loss for last year. https://t.co/O5NeyMz1NI
Investors who short don’t screw retail investors (that is, speculators), it is Exec Management of short target firms that screw the retail fools. The 100 meme stocks with 💩 businesses whose mgmt dumped all their stock while seeking protection from short sellers is proof. $DJT https://t.co/cPNUCyl4lC https://t.co/6nzONj3N5Q
Dudes who bet it all on Noem being Trumps VP pick https://t.co/ZuKchRVGBb