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The financial situation at Trump's Truth Social is dire as DJT stock drops, causing Trump's stake in the parent company to plummet in value. Speculators bet on Truth Social as a 'meme' stock, leading to significant losses. Trump sues co-founders over mismanagement, while receiving an emergency loan from a Russian-American businessman under investigation. Short-sellers target DJT stock, with borrowing rates soaring due to high demand.
$DJT “There is very little stock available to borrow to support new short selling — less than 50,000 shares — and with demand to short this stock extremely high, we are seeing stock-borrow rates at 500% to 600% fee levels,” Dusaniwsky https://t.co/C485UE3siX
Before Trump Media made its stock market debut, it was already a target for short-sellers betting on its collapse. As the company's share price continues its steep decline, the appetite to bet against the stock has grown. https://t.co/C38yKkftSK
Why shorting Trump’s DJT stock could cost you 500% https://t.co/IVIGf2BnnX