Current location:sport >>
Rooting for Trump to fail has made his stock shorters millions
sport99688People 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 Chronicles news portal”。http://folukedidagy.allesfuersjagen.com/being-peace-book-24172cm.php
Related articles
New EPA rules would force plants to capture emissions, shut down
sportWASHINGTON (AP) — Coal-fired power plants would be forced to capture smokestack emissions or shut do ...
【sport】
Read moreChina's Pre
sportContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【sport】
Read moreHong Kong Launches English Version of 1st Volume of Local Chronicles
sportContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【sport】
Read more
Popular articles
- Asylum seeker who killed British retiree says he was seeking revenge for the people of Gaza
- Pic Story: Free Barista Training Provided for Hearing
- China's Pre
- China Contributes over 30 Pct to World Economic Growth in 2013
- Jeff Bezos's glamorous fiancée Lauren Sanchez is unrecognizable in never
- China's Subsistence Allowance Covers 14 Million Elderly Citizens: Ministry
Latest articles
China's cultural tourism embraces immersive
Xinhua Headlines: 9 Years on, Economic Ties Closer Among Belt and Road Countries
National Great Craftsman Forum Opens in Changsha, C China
China's Annual Marriage Registrations Drop at Lowest Since 1986
Wrexham schedules 3 games in US and Canada in July
Featured Commodities from ASEAN Countries Attract Visitors at China
LINKS
- Woman, 26, who shed 70lbs reveals the surprising ways weight loss has transformed her life
- Kate Beckinsale sheds light on her recent health woes as she wears 'tummy troubles survivor' T
- The Arizona Coyotes are officially headed to Salt Lake City
- Meta's newest AI model beats some peers. But its amped
- With Anthony Richardson on board, Colts will look beyond quarterback in NFL draft
- New York man pleads guilty to sending threats to state attorney general and Trump civil case judge
- Paris Olympics opening ceremony on river Seine will last nearly 4 hours
- Knicks' long
- Armenian victims group ask International Criminal Court to investigate genocide claim
- Natalie Portman shows Benjamin Millepied what he's missing in sexy see