A MAGA sucker born every minute

Created
Mon, 15/04/2024 - 09:00
Updated
Mon, 15/04/2024 - 09:00
The Washington Post reports on some of the MAGA faithful who are losing their nest eggs on Trump’s Truth Social stock: Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 — pretty much his “whole nest egg,” he said. That nest egg has lost about half its value in the past two weeks as Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $32 on Friday. But McLain, 71, who owns a tree-removal service outside Oklahoma City, said he’s not worried. If anything, he wants to buy more. “I know good and well it’s in Trump’s hands, and he’s got plans,” he said. “I have no doubt it’s going to explode sometime.” Even the $3.5 billion loss in value since its debut last month hasn’t deterred them. Neither has the fact that it lost $58 million last year and only had 4 millionin revenues. And they’re fine with all the top executive making huge multi-million dollar salaries and bonuses. This is so pathetic I can’t believe these people are allowed to operate a motor vehicloe or take care of childre: But for some Trump investors, the stock is a badge of honor — a way to show their devotion beyond buying Trump merchandise, visiting Trump golf courses…