During a campaign event in Scranton, Pennsylvania, President Biden joked about Trump’s Truth Social stock plummeting.
Video:
President Biden: If Trump’s stock in his company Truth Social falls further, he could do better with my tax plan than his pic.twitter.com/WElHDI5YoO
— Biden-Harris Headquarters (@BidenHQ) April 16, 2024
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President Biden said, “I have to say. If Trump’s stock in Truth Social drops further, he might do better with my tax plan than with his.
Shares of Trump’s Truth Media company have lost more than 13% of their value so far, and have at times dropped below $23 per share. The company is falling like a rock. Trump has seen billions of dollars in profits vanish, there is no end in sight to the decline of a company that produces nothing, loses money and doesn’t tell investors how many users it has.
If this decline continues, stocks will collapse and all the Trump supporters who invested in Rep. Marjorie Taylor Greene (R-GA) will lose everything they invested.
Trump watched what was potentially billions of dollars in much-needed funding vanish. Between the maturing loans and civil court rulings against him, Donald Trump is unlikely to profit from Truth Social.
Biden was right. If Trump continues to go bankrupt, he would do much better with the Biden plan than with his.
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Jason is the managing editor. He is also a member of the 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