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For weeks, two former Apprentice contestants have been fighting with Trump Media, the parent company of Truth Social, over their roughly 8 per cent stake in the company.
For weeks, two former Apprentice contestants have been fighting with Trump Media, the parent company of Truth Social, over their roughly 8 per cent stake in the company.
Truth Social's stock has been bolstered by both Trump supporters and retail investors looking to make a quick buck on the stock’s gains.
(Bloomberg) -- Betting against former president Donald Trump’s social media startup is one of the most difficult and expensive short trades in the market, according to financial analytics firm S3 Partners.Most Read from BloombergTrump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest PeopleBiden Gains Ground Against Trump in Six Key States, Poll ShowsTrump Vows to Pay Fraud Trial Bond Cut by 68% to $175 MillionVital Baltimore Bridge Collapses After Being Struck by ShipAfter Ex
Former President Donald Trump could reap a windfall of as much as $4 billion thanks to the surging value of a stock tied to his media company.