Saturday, September 7, 2024

Trump Media Stock Price Falls More than 5% As Truth Social Spews Hate and Racism

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It’s not a good morning at Trump Media.

The stock price for Donald Trump’s Truth Social is crashing again, falling more than 5.5% in the opening hour of trading.

Trump Media is down to about 30 bucks. The price went off a cliff at the opening bell.

Reasons? For one thing Truth Social has turned from a Biden and judge bashing site into pure hate and racism against Kamala Harris. The posts are frightening, and telling: why would anyone invest in such misery?

Second, Trump seems to be waffling on his VP choice, JD Vance. There’s a feeling that Vance can’t do the job after making such a horrendous impression in his early speeches. If Trump is up against Kamala Harris and one of four different mid western, experienced governors or senators, what does Vance offer? Could Trump replace him?

Every day, the Trump Media graph looks like someone with a dying EKG or a tree being chopped down. Ouch!

Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.

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