Current location:style >>
Rooting for Trump to fail has made his stock shorters millions
style433People 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.“Culture Compass news portal”。http://mauritius.downmusic.org/article-566b598897.html
Related articles
Merlier wins Giro Stage 3 after Pogacar fires up finale and stays in the lead
styleFOSSANO, Italy (AP) — Belgian rider Tim Merlier won the third stage of the Giro d’Italia after race ...
【style】
Read moreThriving logistics reflect China's economic vitality
styleBy Li Hongxing (People's Daily) 13:16, March 15, 2024If there were no fast logistics or delivery cou ...
【style】
Read moreChinese C919 jetliner arrives in Singapore to attend airshow
style(Xinhua) 11:26, February 18, 2024SINGAPORE, Feb. 17 (Xinhua) -- Chinese passenger jet C919 arrived a ...
【style】
Read more
Popular articles
Latest articles
Bernie Sanders campaigns for Biden while raising concerns about Gaza
China's Shaanxi sees record surge in foreign
Infographic: China
Bank of Japan ends negative interest rates in historic policy overhaul
US and Philippine forces stage combat drills near strategic channel off southern Taiwan
Owners of Crooked House agree to rebuild Britain's wonkiest pub after it burned down
LINKS
- Feature: AI system developed by students helps missing children return home
- China's space environment monitoring satellites sent into space
- Chinese scientists precisely monitor solar radiation on Earth's surface
- China accelerates building of new quality productive forces
- Interview: ITER director
- China prepares to launch Tianzhou
- Unfazed by danger and power, Guatemalan cardinal keeps up fight for migrants and the poor
- Chinese police take back 130 gambling, scam suspects from Cambodia
- 'Taylor Swift must be getting sick of this': Travis Kelce is SLAMMED over 'cringe' beer
- German students experience traditional tea culture in China