Have you heard about Donald Trump’s Truth Social Network? The truth is, it’s not all it’s cracked up to be!
Top News Today :
Most people already know that Donald Trump is a fake, fraud, and a phony. Now comes word that not only is his Truth Social Network underperforming (big surprise), but it’s bleeding money so badly that financial analysts have already begun referring to it as an economic risk.
On Monday, the world learned the honest-to-goodness truth about Truth Social. After going public just 1 week ago today, its stock took a deadly nose dive. Donald Trump’s social network fell below $7 billion and dropped his net worth by more than $1 billion.
According to The New York Times, shares of the social network dropped by 25%. Market value of the Trump Media & Technology Group (parent company) fell $2 billion to about $6.5 billion. The value of Trump’s majority stake in the company fell from over $6 billion at its peak just last week to about $3.7 billion.
Additionally, a filing on Monday revealed that the company generated only $750,000 in revenue during the fourth quarter of last year, bringing its full-year total to $4.1 million. Further, Trump Media recorded a $58 million loss in 2023.
Needless to say, the shares and value of Truth Social only a week after going public are already not good. This is critical since Trump needs available cash to settle an onslaught of lawsuits and legal fees from a lifetime of crookedness.
On Monday, Donald Trump posted the $175 million bond he owed to New York State. He is now allowed to begin the appeal process against NY Attorney General Letitia James and her successful judgment against him for decades of fraudulent business practices. However, the bad news for Trump is that should he lose the New York appeal, he will owe the original $454 million judgment. This is important since Truth Social may not be able to help him if its value continues to plummet.
All revenues for the company come from advertising on Truth Social. So, it’s likely not a coincidence that the tanking stock values seemed to coincide with a video Trump posted on his social network site showing an image of President Joe Biden hogtied in the back of a MAGA pick-up truck.
An image depicting a sitting US President of the United States seemingly kidnapped, bound, and gagged against his will did not go over well with the American public and likely affected the Trump stock.
“Trump is regularly inciting political violence and it’s time people take him seriously — just ask the Capitol police officers who were attacked protecting our democracy on January 6th,” said Michael Tyler, campaign communications director for the Biden campaign.
However, a Trump spokesman attempted to downplay the Biden image with excuses.
“That picture was on the back of a pickup truck that was traveling down the highway. Democrats and crazed lunatics have not only called for despicable violence against President Trump and his family, they are actually weaponizing the justice system against him,” Steven Cheung said:
Should Donald Trump be distressed about the dropping value of his prized Truth Social Network? Should the US Secret Service be concerned that a former Oval Office occupant published a devastating image of the current Commander-In-Chief in a compromising condition? Or, could this blow over and all be forgotten in the coming days?
OK WASSUP! discusses the Top News Today:
Truth Social and Donald Trump’s values take a dive.
Should Donald Trump be distressed about the dropping value of his prized Truth Social Network? […] -DJ
Only in the sense that it has begun to drop a lot sooner than he probably expected. He already knew it was worthless when he took it public. But he’s a sociopath, a flaming narcissist and corrupt through and through. He has never given a fig about victims of his endless con games, fraudulent claims and serial lying. Could not care less.
He only cares about himself. That’s it. End of story. Full stop.