"Trump Media Stock Surges as Company Takes on Short Sellers"
TL;DR Summary
Trump Media & Technology Group's stock jumped as the company advised investors on ways to prevent their shares from being loaned for short interest positions, amid a battle with short sellers. The company's founder, Donald Trump, maintains a 60% stake in Truth Social, and the company reported sales of just over $4 million with net losses reaching nearly $60 million for the full year ending Dec. 31. Trump faces a $454 million fraud penalty and a campaign fundraising shortfall ahead of his 2024 election rematch against Biden.
Topics:business#donald-trump#finance#fraud-penalty#short-selling#stock-market#trump-media-and-technology-group
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- Trump stands to make another $950 million from Trump Media—unless the stock plunges again Fast Company
- Trump trial, Maui wildfire, Mayorkas impeachment, abortion, Paris Olympics, Caitlin Clark: Daily Briefing USA TODAY
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