Wall Street Stands to Lose Billions as Truth Social Surges, Handed Trump $123 Million Per Day Last Month
One expert says that Vice President Kamala Harris might not be the biggest loser in America if former President Donald Trump wins the presidential election.
Writing in the New York Post, Chares Gasparino used his On the Money column to suggest that investors who have been betting on a nosedive in share prices of Trump Media & Technology Group, the parent company of Truth Social that trades under the initial DJT, could be in for an unpleasant surprise.
In what’s known as short selling, investors make their profit by buying a stock and cashing in when the plummets.
Gasparino said that as of his writing, when DJT’s stock value had increased 200 percent for October, Trump had made more than $3.7 billion last m …