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Stephen Colbert enjoyed watching Trump's Truth Social stock crash and burn while he lost billions of dollars.
Colbert said:
Between the $175 million Trump charged in this case and the $91 million in the E. Jean Carroll case, Trump still made much less money than he lost on Wall Street this week. Because reportedly, Truth Social's value dropped by $4 billion in a week.
Very good. I'm really surprised what Truth Social was priced at. The downturn comes as Truth Social reported a loss of $58 million in 2023. Coincidentally, Trump has recently announced the release of the $58 million “Kid Rock Ba-Vida-Ba, Da-Bang, Da-Bang Bible.” It has the Old Testament, the New Testament, the Declaration of Independence, and Kid Rock's family recipe for crystal meth. Baa-vida-baa?
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Ok. It's not getting much better any time soon. This morning, the stock opened at $48, down 39% from the stock's high of $79.38 on March 26. Truly a historic failure. No one has seen such huge losses since Trump Taj Mahal, Trump Plaza Hotel, Trump Stax, Trump Airlines, Trump University and Trump, Eric.
Video:
Trump's true social hurt is not any shock as a result of everybody knew from the day the enterprise was introduced that it was a pump and dump rip-off. Nevertheless, at this price, all these good points and paper property that Trump seems to have gained may evaporate earlier than Donald Trump can money out.
Colbert was proper. Failure is the Trump model, and anybody who invests in something in Trump's identify will get what they deserve.
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Jason is the managing editor. He’s additionally a member of the White Home Press Pool and Congressional Correspondent for PoliticsUSA. Jason has a bachelor's diploma in political science. His graduate work targeted on public coverage with a specialization in social reform actions.
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