{"id":2363280,"date":"2024-11-02T18:38:01","date_gmt":"2024-11-02T22:38:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-street-stands-to-lose-billions-as-truth-social-surges-handed-trump-123-million-per-day-last-month\/"},"modified":"2024-11-02T18:41:23","modified_gmt":"2024-11-02T22:41:23","slug":"wall-street-stands-to-lose-billions-as-truth-social-surges-handed-trump-123-million-per-day-last-month","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-street-stands-to-lose-billions-as-truth-social-surges-handed-trump-123-million-per-day-last-month\/","title":{"rendered":"Wall Street Stands to Lose Billions as Truth Social Surges, Handed Trump $123 Million Per Day Last Month"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">36<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwall-street-stands-to-lose-billions-as-truth-social-surges-handed-trump-123-million-per-day-last-month%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2363280&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The article discusses the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/texans-cant-lose-power-for-nonpayment-orders-utilities-commission\/\" title=\"Texans Can\u2019t Lose Power For Nonpayment, Orders Utilities Commission\">potential financial impact<\/a> of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sen-rand-paul-offers-dr-rachel-levine-as-example-of-radical-agenda-riding-bidens-coattails\/\" title=\"Sen. Rand Paul Offers Dr. Rachel Levine As Example Of Radical Agenda Riding Biden\u2019s Coattails\">upcoming presidential election<\/a> on Vice President Kamala Harris and\u200d former President \u2063Donald Trump, particularly\u2063 concerning the stock value of Trump Media &#038; Technology Group (DJT). Columnist Charles Gasparino suggests that short sellers betting against\u200c DJT could <a href=\"https:\/\/amzn.to\/3YuVZYV\">face substantial\u2063 losses \u2064due<\/a> to the\u200b stock&#8217;s recent 200% increase in value. As of the time of\u200d writing, Trump reportedly gained over $3.7\u200c billion from this surge. The narrative highlights the emotional investment from Trump&#8217;s supporters in the stock, which has kept its value rising despite the company&#8217;s historical operating losses. Gasparino notes \u2063that a Trump victory\u2063 could further\u200d elevate the stock and benefit MAGA supporters, while a loss might enable short sellers to profit. Additionally, there are rumors of potential developments\u2063 involving Elon Musk&#8217;s interest in the company, which could influence stock volatility. \u200dThe\u2062 article emphasizes the uncertainty surrounding DJT&#8217;s stock performance, noting that it has experienced\u2063 significant fluctuations in a matter of days.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><\/p>\n<p>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.<\/p>\n<p>Writing in the <a href=\"https:\/\/nypost.com\/2024\/10\/28\/business\/bets-by-short-sellers-against-truth-social-could-lead-to-massive-losses-as-trump-stock-soars\/\" target=\"_blank\" rel=\"noopener\">New York Post<\/a>, Chares Gasparino used his On the Money column to suggest that investors who have been betting on a nosedive in  prices of Trump Media &amp; Technology Group, the parent company of  that trades under the initial DJT, could be in for an unpleasant surprise.<\/p>\n<p>In what&rsquo;s known as short selling, investors make their profit by buying a stock and cashing in when the plummets.<\/p>\n<p>Gasparino said that as of his writing, when DJT&rsquo;s stock value had increased 200 percent for October, Trump had made more than $3.7 billion last month.<\/p>\n<p>At one point, according to the <a href=\"https:\/\/apnews.com\/article\/trump-media-stock-musk-x-social-5328feb1a782cc65bd05b7e30756b8db\" target=\"_blank\" rel=\"noopener\">Associated Press<\/a>, DJT was worth more than X.<\/p>\n<p> <script type=\"text\/javascript\"> \t\t\tif ( getCookie( \"ff_subbed\" ) ) { \t\t\t\tdocument.getElementById(\"stnvideo\").remove() \t\t\t} \t\t<\/script> <\/p>\n<p>&ldquo;People who held the stock have been making money. Not so for sophisticated investors known as short sellers who have bet against the stock,&rdquo; Gasparino wrote, noting that the company has suffered operating losses since it went public.<\/p>\n<p>&ldquo;The short sellers have been getting hammered, and the worst could be yet to come,&rdquo; he wrote.<\/p>\n<p>Gasparino said that investing in DJT is driven by emotion, not the bottom line, with many investors being Trump&rsquo;s <a href=\"https:\/\/www.westernjournal.com\/even-media-cant-ignore-stenographer-calls-white-house-garbage-comment\/\" target=\"_blank\" rel=\"noopener\">MAGA<\/a> supporters.<\/p>\n<p>&ldquo;The emotion surrounding Trump&rsquo;s improving poll numbers is enough to boost the stock by a lot to crush short sellers,&rdquo; he wrote.<\/p>\n<p>Bob Sloan, the founder of the data analytics firm S3 Partners, indicated a <a href=\"https:\/\/www.westernjournal.com\/polling-guru-nate-silver-says-trump-10-point-advantage-pollsters-cheating-like-crazy\/\" target=\"_blank\" rel=\"noopener\">Trump victory<\/a> Tuesday could send the stock higher.<\/p>\n<p>&ldquo;The MAGA holders make some money and Trump gets even richer,&rdquo; Gasparino wrote.<\/p>\n<p>A Trump loss, Gasparino wrote, could mean that short sellers get their financial payday and Trump loses money.<\/p>\n<p>Or maybe not.<\/p>\n<p>Gasparino wrote in another <a href=\"https:\/\/nypost.com\/2024\/11\/01\/business\/truth-social-stock-boom-fueled-by-chatter-of-possible-sale-to-elon-musk\/\" target=\"_blank\" rel=\"noopener\">New York Post<\/a> column that there is a significant buzz over the potential of  to become part of <a href=\"https:\/\/www.westernjournal.com\/elon-musk-makes-deep-state-bureaucrats-cower-fear-budget-cut-promise-money-wasted\/\" target=\"_blank\" rel=\"noopener\">Elon Musk&rsquo;s X<\/a>.<\/p>\n<p>How and when that might happen, he noted, would be sorted out after the presidential campaign ends.<\/p>\n<p>For all that the stock could go wild, it can go down as well in a week where its prices were as volatile as the presidential campaign, as noted by <a href=\"https:\/\/www.cbsnews.com\/news\/trump-djt-stock-down-net-worth-loss\/\" target=\"_blank\" rel=\"noopener\">CBS<\/a>.<\/p>\n<p>After days of increase, on Wednesday and Thursday, s in Trump Media &amp; Technology Group went down 31 percent, which meant that on paper, Trump&rsquo;s stake in DJT was worth $1.9 billion less.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! 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In a New York Post article, Chares Gasparino indicated that investors anticipating a drop in Trump Media &amp; Technology Group&#8217;s stock could face unexpected outcomes. He explained that short sellers profit from declining stock prices, but as of his writing, DJT&#8217;s stock had surged 200% in October, resulting in Trump earning over $3.7 billion last month. Gasparino noted that while some investors have profited from holding the stock, short sellers have struggled due to ongoing operating losses for the company since its public debut. He emphasized that emotional investment among Trump&#8217;s supporters is driving DJT&#8217;s value up despite its financial performance. Bob Sloan from S3 Partners suggested a Trump victory could further elevate the stock price, benefiting MAGA supporters and increasing Trump&#8217;s wealth. Conversely, a loss for Trump might allow short sellers to profit at his expense. Additionally, there is speculation about DJT potentially joining Elon Musk\u2019s X platform after the election campaign concludes; however, market volatility remains high as evidenced by recent fluctuations in DJT\u2019s value<\/p>\n","protected":false},"author":1,"featured_media":2363281,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/11\/Picture-89.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[3634,35132,34040],"class_list":["post-2363280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-trump","tag-truth-social","tag-wall-street"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/11\/Picture-89.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2363280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2363280"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2363280\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2363281"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2363280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2363280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2363280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}