US Elections 2024: Investors betting on a decline in Trump Media & Technology Groups stock faced significant losses, amounting to $420 million, as shares surged nearly 200% in the days leading up to Donald Trumps recent election victory. The unexpected rally left many short-sellers reeling, with Trumps strong election performance triggering a market rally in his favor.Trumps victory fuels market gainsFollowing Trumps win, the stock continued its upward trend, climbing an additional 35% on Tuesday night. However, the excitement was short-lived, as trading opened on Wednesday with an 18% drop, reflecting a swift market correction. The rapid changes highlighted the volatility surrounding Trump-linked stocks, as well as the risks taken by investors betting on a decrease.🇺🇸 BETTING AGAINST TRUMP COST INVESTORS $420 MILLIONInvestors who bet against Trumps media company—hoping its stock would drop—lost $420 million when the stock skyrocketed nearly 200% leading up to Trumps election win.After Trumps victory, the stock surged another 35% on… pic.twitter.com/Wko4UVR320— Mario Nawfal (@MarioNawfal) November 7, 2024Trumps financial comebackFor Trump, the rise in his media companys value marked both a political and financial triumph. As the largest shareholder in the company, Trumps stake reportedly reached an impressive $5.2 billion, securing his position both in the media landscape and in the financial markets. This windfall represents a major comeback, with Trumps fortune taking a substantial leap following his election win.
