For all his bombast, Trump is plummeting – financially, legally and politically
For all his bombast, Trump is plummeting – financially, legally and politically
He’s losing cash reserves and legal gambits, and his eponymous stock – DJT – took an embarrassing tumble this week
He’s losing cash reserves and legal gambits, and his eponymous stock – DJT – took an embarrassing tumble this week
Donald Trump is doing his best Wizard of Oz imitation. These days, Trump is not looking like the “winner” he needs voters to believe him to be. Like the title character in L Frank Baum’s 1900 children’s fantasy and the 1939 movie, there is less there than meets the eye. The 45th president’s lead in the polls evaporates while his cash stash shrinks.
His upcoming felony fraud trial in Manhattan looms. For the record, he is zero for three in his bids to adjourn the trial, and lawyers are expensive.
At the same time, the stock price of Trump Media & Technology Group – his eponymous meme stock, DJT – has plummeted this week. “DJT stock is down again,” announced Barron’s on Thursday. “Trump’s stake in Truth Social parent has taken a hit.”
Elsewhere a headline blared: “Trump’s ‘DJT’ stock dives to lowest close since Ron DeSantis dropped out”. Reminder, Trump is a guy whose businesses are no stranger to bankruptcy or allegations of fraud. He leaves wreckage in his wake.
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The reality show of "Have Trump's problems caught up to him finally?" continues with next week's episode: DJT stock in the toilet, bond deemed questionable and possibly fraudulent. What lifeline will Trump be thrown to save him this time? Stay tuned!