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Cheering for Trump’s Failure Has Earned His Detractors Millions in Stock Shorting

Ex President Donald Trump (Credits: CNN)

It seems there’s quite the betting game afoot with Trump Media & Technology’s stock, particularly among amateur investors who are betting against its success. Despite the fervent buying from Trump supporters and the volatility that often mirrors Trump’s own activities, these investors are banking on the company’s weak financials.

The underlying financials of Truth Social have raised serious doubts among these investors. With minimal revenue and substantial losses, Trump Media’s financial report paints a grim picture, indicating doubt about its ability to continue operating.

Donald J. Trump (Credits: The Guardian)

Short sellers, who bet on a stock’s decline, are taking advantage of Truth Social’s precarious position. Many of them have been profiting from the stock’s decline, although the extreme volatility and manipulation concerns have made their journey nerve-wracking.

The high cost of borrowing shares and the potential for a short squeeze add further complexity to the situation. Additionally, the lock-up agreements preventing Trump and other executives from selling their shares until September could lead to outstanding market fluctuations once they expire.

Donald J. Trump (Credits: The Guardian)

Despite the risks and problems involved, some investors see an opportunity to capitalize on Truth Social’s downfall. They believe that the stock’s unique characteristics make it a prime candidate for betting against its success.

For those who find the stock market too daunting, offshore betting sites offer a simpler way to wager on the outcome of Trump’s endeavors, including the 2024 election.

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