"Trump Media Stock Surges as Company Takes on Short Sellers"
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.
