Stephen Colbert found pleasure in Trump’s Truth Social stock plummeting and causing him to lose billions of dollars.
Colbert said:
With the $175 million Trump invested in this case and the $91 million in the E. Jean Carroll case, Trump still ended up with way less money this week than he lost on Wall Street. Truth Social reportedly lost $4 billion in value in just one week.
I'm actually surprised that Truth Social had value. The decline came after Truth Social reported a $58 million loss in 2023. Coincidentally, Trump has just announced the release of the $58 million “Kid Rock ba-wida-ba, da-bang, da-bang bible.” It includes the Old Testament, the New Testament, the Declaration of Independence, and Kid Rock’s family recipe for crystal meth. Ba-wida-ba?
It’s not improving anytime soon. This morning, the stock opened at 48 dollars, which was a 39% drop from the stock’s peak of $79.38 on March 26th. Truly a monumental failure. No one has seen a loss this big since the Trump Taj Mahal, Trump Plaza Hotel, Trump Steaks, Trump Airlines, Trump University, and Trump, Eric.
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Trump’s Truth Social losses are not surprising because from the day the venture was announced, everybody knew it was a pump and dump scam. However, at this rate, all those gains and paper wealth that Trump seemed to have gained may vanish before Donald Trump can cash out.
Colbert was right. Failure is the Trump brand, and anyone who invests in anything with Trump’s name on it will get what they deserve.
