Current location:opinions >>
Rooting for Trump to fail has made his stock shorters millions
opinions5129People 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.”
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Worldly Wisdom news portal”。http://sierraleone.downmusic.org/content-122e199685.html
Related articles
Messi in and Dybala out in Argentina squad for pre
opinionsBUENOS AIRES, Argentina (AP) — Lionel Messi is in and Paulo Dybala is out of Argentina’s squad for f ...
【opinions】
Read moreRyan Gosling shares 'odd piece of advice' co
opinionsRyan Gosling shared the odd advice he got from the late Burt Reynolds while promoting his new film o ...
【opinions】
Read moreBrad Stuver's 7 saves help Austin play Whitecaps to 0
opinionsVANCOUVER, British Columbia (AP) — Brad Stuver had seven saves to help Austin FC to a 0-0 tie with V ...
【opinions】
Read more
Popular articles
- US overdose deaths dropped in 2023, the first time since 2018
- Missouri man charged in 1966 killing in suburban Chicago, based on DNA evidence
- Fratkin rallies Boston to 4
- Putin begins a new era of extraordinary power in Russia
- Justin Timberlake set to bring his The Forget Tomorrow World Tour to Australia in 2025
- Haaland nets 4 goals as Man City routs Wolves 5
Latest articles
Yu Darvish extends scoreless innings streak to 25 in Padres' 9
Lowe has 4 hits as Rangers beat Royals 15
Cubs hit three home runs and stifle late Brewers rally in series
Texas police officer dies after being injured when a tornado struck his home
Bella Hadid goes braless in a thigh
College protests: Police clash with pro
LINKS
- Horoscope today: Daily guide to what the stars have in store for YOU
- A missing Utah cat with a fondness for boxes ends up in Amazon returns warehouse, dehydrated but OK
- Kendall Jenner puts on a cheeky display in flesh
- 'Shardlake' is a Tudor
- The Yellowstone effect! House prices in these rural Wyoming towns have soared to an all
- Travis Kelce agrees to new TWO
- Timberwolves coach Chris Finch to have surgery on knee after sideline collision, AP source says
- EPHRAIM HARDCASTLE: French magazine uses AI photographs to predict the Royal Family's future
- The ship that brought down a Baltimore bridge to be removed from collapse site in the coming weeks
- Trump says he'll use National Guard to deport migrants, doubling down on anti