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Fortune

Paolo Confino

Trump Media bear says stock 'goes to zero' if Trump loses the election—and a $4 billion stake could become worthless

Donald Trump Trump Media TMTG

Former President Donald Trump (Credit: Anna Moneymaker Getty Images)

The stock price of the company that owns media platform Truth Social has soared in recent weeks, as election odds shifted in former President Donald Trump’s favor.

The thesis for investors in Trump Media and Technology Group (TMTG) is that if Trump wins in November, the media company that bears his name will become extremely valuable. However, if Trump loses that logic goes out the window, according to Mattew Tuttle, CEO of Tuttle Capital Management.

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