The Billionaire vs the “Billionaire”

Created
Thu, 22/08/2024 - 08:00
Updated
Thu, 22/08/2024 - 08:00
The fact checkers at the NY Times actually thought it was important to ding JB Pritzker for that joke: I just don’t know what to say anymore about what’s happening at the NY Times. They have totally lost their way. Other fact-checkers have had a different impression: Meanwhile, here’s the latest on Trump’s tremendous billionaire business savvy from Michael Hilzik in the LA Times: Hiding in plain sight in the first annual report issued by the parent company of Donald Trump’s Truth Social platform was a statement of inescapable, well, truth. Issued, perhaps appropriately, on April 1 by Trump Media and Technology Group, the report said: “The value of TMTG’s brand may diminish if the popularity of President Trump were to suffer.” This was cited as a “risk factor” in holding the company’s stock. So here we are. Since July 21, when President Joe Biden ended his campaign for reelection and endorsed Vice President Kamala Harris to run against Trump, the stock has been spiraling toward oblivion. TMTG may lack any meaningful remedy if President Donald J. Trump minimizes his future use of Truth Social. — Trump Media and Technology Group acknowledges the limits of Donald Trump’s duty to use his own social media platform From then through Tuesday, shares of the company bearing Trump’s initials (DJT) as its ticker symbol have lost nearly 39% of its value. (The broad stock market as measured by the Standard & Poor’s 500 index has gained almost 2% over the same time span.)…