Trump Media Stock Volatility: Gains and Losses Amid Election Impact
TL;DR Summary
Short sellers betting against Trump Media & Technology Group lost $420 million as the company's stock surged nearly 200% following Donald Trump's election victory. The stock, associated with Trump's social media platform Truth Social, saw significant volatility and was described as a 'meme stock' due to its retail investor following and potential for a short squeeze. Despite a post-election drop, Trump's stake in the company remains substantial, reflecting the stock's role as a proxy for his political fortunes.
- Trump Media short sellers lost $420 million after betting against stock before blowout election victory New York Post
- Trump Media shares dive, giving up Election Day gain CNBC
- Why is DJT stock down? 2 possible reasons why Trump Media shares are sinking after Donald Trump's election win Fast Company
- DJT Stock Moves Higher After Donald Trump Clinches Presidency The Wall Street Journal
- Junk Billions: Trump’s Meme Stock Buries Bad News in Victory The Daily Beast
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
3 min
vs 3 min read
Condensed
87%
587 → 78 words
Want the full story? Read the original article
Read on New York Post