Politics Magazine

Truth Social Stock Is Trump's Biggest Scam So Far

Posted on the 18 April 2024 by Jobsanger
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.


Back to Featured Articles on Logo Paperblog

Magazines