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Eric Siu discusses why betting against Trump Media is risky. Barry Diller called it a scam, but shorting faces political risk from Trump supporters who might pump the stock higher regardless of fundamentals.
Eric Siu discusses why betting against Trump Media is risky. Barry Diller called it a scam, but shorting faces political risk from Trump supporters who might pump the stock higher regardless of fundamentals.
Did you see what Barry Diller said about Trump Media? I didn't, but go on. Yeah, he said Trump Media is a scam and people buying the stocks are dopes. You know, I would short this stock, but I'm afraid to short it. You can't. Yeah, it's ridiculous. I don't think it's that ridiculous. Well, would I invest in it? No. The reason why you wouldn't short it is because there's so many Trump fanatics in the United States, right? You don't know what's going to happen to it. And this is their way of saying that, hey, we support Trump, right? It's too dangerous to short this thing. Like, because if you short it, you're on a timetable for it.
