Trump Media & Technology Group, which owns the conservative Twitter clone Truth Social, went public via SPAC in late March.
Short sellers, if I had to guess, feel pretty good, even if Trump's company is trying to prevent them from betting against it.
AdvertisementWhile Trump is a political figure, Trump Media's stock price is not really a political story.
The same day, its stock price fell by 14%, though the next day it bounced.
That TMTG's stock price has fallen isn't surprising.
Persons:
I'm, Jim Cramer, Donald Trump's, Trump, DJT, it's, TMTG, isn't —, Peter Kafka, doesn't, TMTG isn't, Devin Nunes —, Devin Nunes, California —, He's, It's, Emily Stewart
Organizations:
Trump Media & Technology Group, Twitter, Republican, Nvidia, Truth, Meta, Trump, Trump Media & Technology, Business
Locations:
SPAC, TMTG, California