The stock market is up! The Dow closed up 554 points today. We’re back over 40,000 after a blip last week. Inflation is down, consumer buying is up.
But guess what keeps sinking every day? Trump Media aka Truth Social. Today Trump’s stock closed at its four month low. It’s only $1 a day from its all time low. Today’s close was $23.56.
Before Trump had his debacle interview with Elon Musk on X this week, the stock was already in a daily freefall. But the combination of the interview and Trump returning to posting on X, the stock is taking a nosedive. Why would anyone invest in Trump Media if its owner is going to post elsewhere.
The whole thinking about the Musk interview was weird, too, not making Trump seem like a smart businessman. After all, TruthSocial just launched a video streaming component. Why didn’t he do the interview there? His people must be furious.
