At a campaign event in Scranton, PA, President Biden joked about Trump’s sinking Truth Social stock.
Video:
President Biden: If Trump’s stock in his Truth Social company drops any lower, he might do better under my tax plan than his pic.twitter.com/WElHDI5YoO
— Biden-Harris HQ (@BidenHQ) April 16, 2024
To get more stories like this, subscribe to our newsletter The Daily.
President Biden said, “I have to say. If Trump’s stock in his Truth Social company drops any lower, he might do better under my tax plan than his.”
Trump’s Truth Media company stock has lost more than 13% of its value so far today, and at times has gone under $23 a share. The company is falling like a rock. Trump has watched billions of dollars of profit vanish, there is no end in sight for the decline of a company that doesn’t produce anything, loses money, and will not disclose to investors how many users it has.
If this decline continues the stock will pulled, and all of the Trump supporters who invested, in Rep. Marjorie Taylor Greene (R-GA) will lose everything that they invested.
Trump has watched what was potentially billions of dollars in much needed funding vanish. Between the loans he has coming due, and the civil court judgments against him, Donald Trump is now unlikely to profit from Truth Social.
Biden was right. If Trump keeps going broke, he would do much better under the Biden plan than his own.
A Special Message From PoliticusUSA
If you are in a position to donate purely to help us keep the doors open on PoliticusUSA during what is a critical election year, please do so here.
We have been honored to be able to put your interests first for 14 years as we only answer to our readers and we will not compromise on that fundamental, core PoliticusUSA value.
Jason is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.
Awards and Professional Memberships
Member of the Society of Professional Journalists and The American Political Science Association
Information contained on this page is provided by an independent third-party content provider. This website makes no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact editor @springville.business
