Trump Social stock plummets following app delay, Melania signs with Parler
Eventually Donald Trump has to run out of marks, right? This feels like if Mussolini had escaped at the end of World War II and started selling knockoff Avon products out of the back of his van. Hey, Wall Street investors! Donald Trump is a grifter! If you want to invest in social media, you’d be better off using your savings to buy more MySpace friends. At least that platform actually exists, unlike the ocher oaf’s newest scam, Truth Social.
Apparently, Wall Street—which learned nothing from Donald Trump’s lubberly foray into politics—is starting to wake up to the fact that he’s nearly as bad a businessman as a president. Yesterday, the stock price of Digital World Acquisition Corp., the special purpose acquisition company (SPAC) that sold equities to fund Truth Social, plunged after news that the social media company would delay the launch of its app spread like wildfire on an unraked forest floor.