Tag: Truth Social

For MAGA Investors, Taking Stock in Trump’s Truth Social Is Not About Returns

Buck Banks

$3.5 billion

The Washington Post notes that supporters of Donald Trump “investing in Truth Social is less a business calculation than a statement of faith in the former president and the business traded under his initials, DJT. … Even the company’s plunging stock price — and the chance their investments could get mostly wiped out — doesn’t seem to have shaken that faith. The company has lost $3.5 billion in value since its public debut last month.”

Trump’s Truth Social Just Another Trump Grift

Buck Banks

“It’s been an inauspicious start for TRUTH Social, the former president’s new Twitter knock-off, helmed by bovine ex-Congressman Devin Nunes. … Like the other Trump schemes—airlines, steaks, board game, university, magic pills, magazine, etc. etc. etc. … — from the jump TRUTH had all the marks of a media buzz Potemkin Village that allows the first family of grift to cash in, but doesn’t deliver anything of value to the marks who got swept up in the hype.”

— Tim Miller