Rep. Brian Higgins

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Congressman Higgins Announces Approval of Legislation Reauthorizing the Maternal, Infant, and Early Childhood Home Visiting Program

Congressman Brian Higgins (NY-26) announced the approval of the Jackie Walorski Maternal and Child Home Visiting Reauthorization Act (H.R.8876). Cosponsored by Higgins, this legislation provides increased funding to support home visits for expectant an...

Statement by Congressman Brian Higgins on North Aud Block Progress

  Congressman Brian Higgins (NY-26) released the following statement in response to today’s deadline for North Aud Block proposals: “Ten years ago the walls to Buffalo’s Memorial Auditorium came down; today’s deadline for public infrastructure design...

Congressman Higgins Selected to Serve on House Ways & Means Committee

Congressman Brian Higgins (NY-26) has announced that in the 116th Congress he’s been selected to continue serving on the exclusive Ways & Means Committee. This term will be Higgins’ third on the committee. Founded in 1789, the House Ways & Mea...

Congressman Higgins Celebrates the Grand Opening of Shea’s Seneca

While Congressman Brian Higgins can’t be in Buffalo for the grand opening of the historic Shea’s Seneca building on January 10, 2019, he celebrated the restoration of the landmark from Washington, D.C.  Higgins, who grew up in South Buffalo, recalls th...

Higgins Announces House Approval of Legislation to End the Government Shutdown

Congressman Brian Higgins (NY-26) announced the House of Representatives has approved bills aimed at ending the partial federal government shutdown.  Higgins said, “This shutdown has been an unnecessary crisis manufactured by the President. Today the ...

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Trump Media scrambles to stop short sellers from tanking share prices



Trump Media and Technology Group, the parent company of Truth Social, is scrambling to stop short sellers from tanking its share values.

NBC News reports that Trump Media this week sent around suggestions to shareholders to prevent their shares in the company from winding up in the hands of short sellers who are essentially betting on the company's failure to make money.

According to NBC, the "tips include holding DJT shares in a cash account at a brokerage firm as opposed to a margin account, 'opting out of any securities lending program,' moving Trump Media shares to the company’s designated transfer agent, and transferring shares to a bank and 'holding them in your retirement account.'"

Short sellers essentially pay brokerage firms fees to borrow shares on a temporary basis on the belief that the shares will sink in price.

READ MORE: From 'really rich' to begging: Inside Trump's U-turn on one of his first campaign lies

After borrowing the shares, the short sellers proceed to sell them on the open market and then by them back by a specific date when they have to be returned to their owners.

If the share price in that time has indeed gone down, then the short sellers pocket the difference they made between the original sale and the repurchase.

If the share price increases, however, the short sellers lose money because they'll be buying back the shares at a higher price than the original sale.

Short sellers have swarmed to Trump Media shares for weeks now, as its price has plummeted from a high of $66.22 on March 27th to a low of $22.84 on Tuesday, although its price has recovered some of that lost value in the last day-and-a-half of trading.

The longer-term threat to Trump Media's value likely isn't short sellers, however, but simply a lack of profitability. The selloff in shares started earlier this month when the company released an earnings report showing that it lost $58 million in the last fiscal year while generating just $4 million in revenues.