Trump's bribe stock is tanking

 While I do check in from time to time at 538, it turns out that Truth Social stock prices are a better metric for Trump's popularity, at least where it matters:

"The value of Trump’s stake in the corporate owner of Truth Social has dropped by $900 million since Vice President Kamala Harris entered the race for the White House on July 21. Trump Media & Technology Group’s share price has tumbled by about 23% since then, including another sharp drop on Thursday amid a broader market selloff.

"The value of Trump’s dominant stake in the conservative social media company stood at just over $4 billion as of July 19, the final trading day before President Joe Biden exited the race and endorsed Harris. It has since dropped to about $3.1 billion."

You have to keep in mind that Truth Social is a meme stock. It's never made money and has negative asset values. It exists primarily as a conduit for bribery money. Now, the betting is that he won't be president again, so why continue to bribe him.

https://edition.cnn.com/2024/08/01/investing/trump-net-worth-harris-truth-social/index.html

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