Trump owns about 57 percent of Trump Media’s stock, amounting to about $2 billion at market close on Tuesday. Wednesday’s early trading caused the value of Trump’s stock to drop $200 million. It’s a sign that investors don’t think he performed well during Tuesday’s debate, as the stock’s performance often shows how people are feeling about the former president.
It’s been a bad couple of months for Trump Media. While its value spiked during the Republican National Convention in July, the stock has declined in the weeks since, particularly after Joe Biden withdrew from the presidential election. When Trump broke a long hiatus to finally post again on X (formerly Twitter) last month, the stock nosedived, as it looked like bad news for Truth Social, Trump Media’s only product.
Trump is in a lot of debt, whether it’s unpaid bills, his legal fees, or the financial judgment against him due to his fraud trial. In fact, the state of New York may very well seize his assets. He’s resorted to half-baked moneymaking schemes like selling NFT trading cards, his own branded Bibles, and assassination-themed sneakers. Will he sell off his stock as soon as he gets the chance? If the other major shareholders in the company do so before he can, the value of his company will plummet even further, and he could be left holding a company that’s worth less than his grandiose promises.
notice_me_senpai- on September 11st, 2024 at 16:31 UTC »
Ridiculous. Abortion has to be a top 5, at least top 10 voter issue. That one topic never came up? Do they ever talked with each others?
Before Trump era, this would be career ending. This level of incompetence is staggering.
Squirrel_Chucks on September 11st, 2024 at 16:25 UTC »
Let's remember Ohio, one of the example states that had a referendum on abortion.
Republicans there were like "oh shit, we will lose that vote," so they tried to sneak in a special August vote (something they said they would not do) to raise the threshold for changing the constitution.
The Threshold was 51% of votes from the electorate required to amend the state constitution.
The favorability of protecting abortion rights was a bit higher than that.
So, Republicans tried to raise that threshold to 60%.
They failed, but it is a sign that "the states can decide" doesnt mean the GOP will actually respect voter's preferences.
FoggyBricks on September 11st, 2024 at 15:55 UTC »
How would he even know, both of them made it sound like they never talk to eachother.