Current location:International Issue news portal > entertainment
Rooting for Trump to fail has made his stock shorters millions
International Issue news portal2024-04-26 21:27:39【entertainment】6People have gathered around
IntroductionNEW YORK (AP) — Rooting for Donald Trump to fail has rarely been this profitable.Just ask a hardy ba
NEW YORK (AP) — 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 Trump Social itself.
Several of these investors interviewed by The Associated Press say their bearish gambles using “put” options and other trading tools are driven less by their personal feelings about the former president (most don’t like him) than their faith in the woeful underlying financials of a company that made less money last year than the average Wendy’s hamburger franchise.
“This company makes no money. ... It makes no sense,” said Boise, Idaho, ad executive Elle Stange, who estimates she’s made $1,300 betting against Trump Media & Technology stock. “He’s not as great a businessman as he thinks. A lot of his businesses go belly up, quickly.”
Address of this article:http://www.olivelawfirm.net/tag/raleigh-car-accident-lawyer/
Very good!(8)
Related articles
- García and Carter hit back
- DeSantis signs bill limiting Florida book challenges
- UnitedHealth Group, Morgan Stanley rise; PNC Financial, Live Nation fall, Tuesday, 4/16/2024
- Jiri Smejkal gets 1st goal, Senators beat Bruins 3
- Taiwan's president
- Red Wings miss playoffs despite 5
- Wisconsin man pleads not guilty to neglect in disappearance of boy
- Taylor Swift enjoys another loved
- Intangible cultural heritage exhibition held in Xinjiang
- People with disabilities sue in Wisconsin over lack of electronic absentee ballots
Popular articles
Recommended
G Javian McCollum transferring to Georgia Tech after leading Oklahoma hoops in scoring
Bob Graham, ex
Blue Jays activate All
Johnny Depp embraces co
As Zendaya's tennis
Emma Roberts makes a splash in sexy blue swimsuit and cowboy boots
A former youth detention center resident testifies about 'hit squad' attack
Jiri Smejkal gets 1st goal, Senators beat Bruins 3
Links
- The Latest
- Musgrove goes 7 innings and Bogaerts homers as the Padres beat the Blue Jays 6
- ANDREW PIERCE: Will Keir criticism see Mandy back in the wilderness?
- Eat nuts and seeds to fight off disease: Healthy snacks should be added to 5
- Los Angeles sheriff's deputy dies months after being injured in fire inside mobile gun range
- Lod helps Minnesota United beat Charlotte 3
- Lauren Sanchez 'begged Kellyanne Conway for help with her public image when they met at a party'
- China moves to provide convenient payment services for foreigners
- Local election workers fear threats to their safety as November nears
- Stone carvings found inside cave of China's Longmen Grottoes