At a campaign event in Scranton, PA, President Biden made a lighthearted comment about Trump’s declining Truth Social stock.
Video:
President Biden: If Trump's stock in his Truth Social company drops any lower, he might do better under my tax plan than his pic.twitter.com/WElHDI5YoO
— Biden-Harris HQ (@BidenHQ) April 16, 2024
President Biden commented, “I have to say. If Trump’s stock in his Truth Social company drops any lower, he might do better under my tax plan than his.”
Trump’s Truth Media company stock has dropped over 13% in value today, and at times has fallen below $23 per share. The company is declining rapidly. Trump has seen billions of dollars of profit disappear, and there is no end in sight for the decline of a company that doesn’t produce anything, loses money, and refuses to disclose its number of users to investors.
If this downward trend continues, the stock will be pulled, and all of the Trump supporters who invested, including Rep. Marjorie Taylor Greene (R-GA), will lose their entire investment.
Trump has seen potentially billions of dollars in much-needed funding vanish. Considering the loans he has coming due and the civil court judgments against him, Donald Trump is now unlikely to benefit from Truth Social.
Biden was correct. If Trump continues to face financial troubles, he would fare much better under the Biden plan than his own.
