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Trump's Stock Loss Means Millions For Short Sellers: 'A Lot Of His Businesses Go Belly Up, Quickly'

Benzinga ·  Apr 26 14:43

The public debut of$Trump Media & Technology (DJT.US)$has been one of the bigger storylines of 2024 and the company is now warnings of potential stock manipulation.

A new report said investors shorting the newly public stock have made millions of dollars.

What Happened:After a long-awaited SPAC merger withDigital World Acquisition Corporation, Trump Media & Technology Group (TMTG) is now publicly traded. The stock gives investors a way to bet for or against former PresidentDonald Trumpand also his social media company.

After hitting a high of $79.38 in its first day of public trading, shares of Trump Media & Technology Group have...

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