The Wall Street debut of Trump Media & Technology Group (NASDAQ:DJT) has stirred a hot debate on the valuation of the company and how bets against the stock given its meme stock potential could be a bad idea. An investor who previously supported a ban on shorting stocks could be ready to make an exception for Trump Media. Calcanis Says DJT ‘Madness’: Trump Media & Technology Group (TMTG) made its public debut Tuesday, March 26 after completing a SPAC merger with Digital World Acquisition that was announced in October 2021. After several delays and setbacks, TMTG is now a public company and has a valuation of around $10 billion. Investors were rushing in on both sides of the trade to buy the stock as it became a hot topic on Reddit and circulated on social media as a meme stock. Investors paid high borrowing costs to short the stock or bought puts to bet on the stock falling in the future. Entrepreneur and investor Jason Calacanis, who is known for holding early stakes in companies like Robinhood Markets (NASDAQ:HOOD), tweeted that he was considering shorting a stock for the first time. "I've never shorted a stock, but I feel like this $DJT thing ...