Home / General / It would be immoral to let a Trump fanboy keep his money

It would be immoral to let a Trump fanboy keep his money

/
/
/
1076 Views

It’s beginning to dawn on some big DJT investors that the oceanfront property in Bismarck isn’t about to become the new Tribeca:

John Viaud, a retiree in South Carolina, knew he was taking a big risk when he poured his pension money into the stock of his political icon’s social media company, Donald Trump’s Trump Media & Technology Group.

As its share price sank in the months before the election, he took to the company’s Truth Social platform to write, “This is getting depressing! I’ve lost $600,000. … C’mon Trump!”

But Viaud was hopeful a Trump electoral win would rocket the stock into the stratosphere, posting, “Come November all of us are going to be very rich!!!”

In the days since the election, however, the stock has fallen, losing nearly half its value since last month’s peak. And on a Truth Social investor board, users who had been predicting a post-vote surge began voicing their agitation. “The fact is we are in trouble,” one wrote.

I almost feel bad for the guy, but.I don’t.

As its top shareholder prepares for the White House, Trump Media is facing what some financial experts are calling an identity crisis that has undermined its worth.

Launched after Trump’s Twitter account was suspended following the U.S. Capitol riot on Jan. 6, 2021, Truth Social marketed itself as a town square where Trump and others could talk freely without fear of censorship. With Trump banned from platforms like Twitter and Facebook, it was one of the few places where the former president’s fans could read his public declarations.

But as president, Trump will probably be one of the least censored men on the planet, trailed almost everywhere by cameras, microphones and crowds. The social media companies that once banned him have also lifted the restrictions on his accounts, giving him a direct path to worldwide attention.

The theory that DJT was suddenly going to become more valuable after the election never made any sense — it’s not like you can give it a defense contract, even leaving aside Trump has no reason to give a shit about the company’s survival once he cashes out — but Trump’s rise has always rested on an inexhaustible supply of suckers.

  • Facebook
  • Twitter
  • Linkedin
This div height required for enabling the sticky sidebar
Ad Clicks : Ad Views : Ad Clicks : Ad Views : Ad Clicks : Ad Views : Ad Clicks : Ad Views : Ad Clicks : Ad Views : Ad Clicks : Ad Views : Ad Clicks : Ad Views : Ad Clicks : Ad Views : Ad Clicks : Ad Views : Ad Clicks : Ad Views : Ad Clicks : Ad Views : Ad Clicks : Ad Views : Ad Clicks : Ad Views : Ad Clicks : Ad Views : Ad Clicks : Ad Views : Ad Clicks : Ad Views :