Reuters: The 52-year-old resident of Austin, Texas, had poured 20% of his net worth into Trump Media & Technology Group, convinced that a second Trump presidency would make him money.
Now, Jarzenske’s investment is down 88.5%, according to a Charles Schwab statement he showed Reuters on the condition that the dollar amount not be published. He’s one of the buyers who, along with the rest of the firm’s outside investors, have collectively absorbed more than $2.2 billion in losses, according to a Reuters estimate. “It’s been very disappointing and difficult to watch,” said Jarzenske…