Shares of the parent company of Truth Social, which have traded like a proxy for former President Donald Trump’s election prospects, set a new low for the year. Judging by trading in shares of his social media company wall Street is giving a thumbs down to former President Donald J. Trump’s debate performance. Liberal and conservative political commentators have said Harris appeared more prepared, articulate and even-keeled than Trump, who repeatedly bit on bait that she tossed to throw him off topic. Harris’ team, projecting confidence, challenged Trump to another debate right after the first one ended. However, Trump claimed that she was “beaten badly” and that was the reason for the request. As you can see by DJt's stock price I think we can all agree Trump was in fact beaten and looks weak.
The disastrous performance of this stock has finically ruined many Trump supports as this stock reached their lowest level since the money-losing company went public in March. Trump, who owns about 57% of the company’s stock has a lock up period which is set to expire on Sept. 19. Trump’s shares were worth a just under $2 billion at the market’s close on Wednesday and have continued to tumble. The falling share price has reduced the paper value of his stake in recent months by about $4 billion.
However, there is still some value left for him to extract and I expect that he will be liquidating share as soon as possible which will lead to additional loses for his supporters.
Posted Using InLeo Alpha
