"Trump's Truth Social: A Rollercoaster Ride on the Stock Market"

Truth Social, the media firm tied to Donald Trump, saw its stock surge in its public trading debut, making it the costliest US stock for short sellers to bet against. Despite its money-losing track record and low revenue, the stock's early success has attracted short sellers, who now face annual financing costs of over 150% to borrow shares. Experts warn that the stock is untethered from fundamentals and likely to plunge over the long term, as the struggling social media firm has failed to build a user base or make money.