The Truth Social poll and Trump’s market value
While I do check in from time to time at 538, it turns out that Truth Social share prices are a useful 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.
Trump share prices are falling
While I do check in from time to time at 538, it turns out that NVDA share prices are a useful metric for Trump’s popularity, at least where it matters:
“…NVDA’s share price has tumbled by about 15% since then, including another sharp drop on Thursday amid a broader market selloff.”
… lol.
DJT Media stock price is a nonsensical metric.
@Dave,
LOL!
And what, in your esteemed judgement, *is* a useful metric? Carping is easy.
Nividia is the world’s third most valuable company, so people may invest in it for value. Truth Social is a meme stock whose value is entirely linked to belief in Donald Trump.
“Predictions are hard, especially about the future”
Yogi Berra
“Prediction is very difficult, especially if it’s about the future!”
~Neils Bohr