Thursday, April 18, 2024

Truth Social Stock Is Trump's Biggest Scam So Far

 

Here is part of an article by Stephanie Ruhle and Charlie Herman at MSNBC exposing Trump biggest scam:

Keep this in mind. While people may be smirking about DJT falling like a stone and suggesting that Trump is losing his shirt or getting “crushed,” he’s not. When the stock hit its record high, his stake was worth around $5.2 billion on paper. Today, it’s about $1.8 billion, and he didn’t spend a dollar or lift a finger to get those shares, except maybe to type out something on Truth Social. That’s $1.8 billion for doing very little.

In fact, on Monday we learned that Trump stands to receive as much as another 36 million shares that today would be worth over $800 million.

For Trump, the goal is to get as many shares as he can and then convert them to cash or a loan as soon as possible, before people lose even more interest in the stock and the party ends.

Trump’s stock might be sliding, but he can still cash in.

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