It’s been a hard week for Donald Trump. But while he may be falling asleep in his New York trial, and Truth Social stock is bombing, he’ll still cash in bigly.
This has to be a tough start to the week for Donald Trump.
After a flurry of Hail Marys failed to delay District Attorney Alvin Bragg’s case, the former president now sits in a New York City courtroom as his hush money/election interference trial gets underway. To make matters worse, his beloved social media company, Trump Media & Technology Group (DJT), is getting pummeled in the stock market.
Three weeks ago, DJT began trading, and anyone — from MAGA supporters to foreign sovereign wealth funds — could buy shares of the company.
And they did. The stock skyrocketed to a record high of $79.38 during the second day of trading (never mind that Barry Diller called it all a “scam” or that the company only made $4 million last year and lost $58 million). For many people, it seemed buying a share (or shares) was a way to show their support for the former president.
The caught up with some of these true believers earlier this week, several of whom have lost hundreds or even thousands of dollars as the stock tanked.
