Trump Media Stock Surges as Company Counters Short Sellers

Former President Donald Trump's net worth rebounds above $4 billion, driven by a sharp increase in Trump Media shares following strategic moves against short selling.

Trump Media stock rebounds sharply, with gains over 40% in two days, reflecting a strategic pushback against short sellers.
Former President Donald Trump's net worth surpasses $4 billion again after a volatile month, mainly due to his significant stake in Trump Media.
Trump Media advises shareholders on strategies to prevent short selling, including holding shares in cash accounts and opting out of securities lending programs.
Despite recent gains, Trump Media faces skepticism due to its high valuation relative to revenue, with a market cap vastly exceeding typical industry ratios.
Trump Media plans to expand into streaming services, competing with major players despite financial challenges and a recent history of significant losses.