(NEW YORK) — 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 Truth Social itself. [time-brightcove not-tgx=”true”] 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.

BING NEWS:
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    Wall Street investors share their bearish gambles are hardly driven by their personal feelings about the former president.
    04/26/2024 - 10:35 am | View Link
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    04/26/2024 - 9:15 am | View Link
  • Betting on Trump to fail has made his stock shorters millions
    Wall Street investors have made tens of millions of dollars by betting the stock price of Trump social media business Truth Social will fall.
    04/26/2024 - 6:24 am | View Link
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    04/26/2024 - 4:20 am | View Link
  • Trading Trump: Truth Social's first month of trading has sent investors on a ride
    With Donald Trump facing dozens of federal criminal charges and hundreds of millions in legal expenses, Trump Media & Technology Group Corp. went public on the Nasdaq exchange March 26 ...
    04/25/2024 - 6:34 pm | View Link
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