For all his bombast, Trump is plummeting – financially, legally and politically(www.theguardian.com)

posted 7 months ago

MicroWave@lemmy.world

politics@lemmy.world

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He’s losing cash reserves and legal gambits, and his eponymous stock – DJT – took an embarrassing tumble this week

Donald Trump is doing his best Wizard of Oz imitation. These days, Trump is not looking like the “winner” he needs voters to believe him to be. Like the title character in L Frank Baum’s 1900 children’s fantasy and the 1939 movie, there is less there than meets the eye. The 45th president’s lead in the polls evaporates while his cash stash shrinks.

His upcoming felony fraud trial in Manhattan looms. For the record, he is zero for three in his bids to adjourn the trial, and lawyers are expensive.

At the same time, the stock price of Trump Media & Technology Group – his eponymous meme stock, DJT – has plummeted this week. “DJT stock is down again,” announced Barron’s on Thursday. “Trump’s stake in Truth Social parent has taken a hit.”

Elsewhere a headline blared: “Trump’s ‘DJT’ stock dives to lowest close since Ron DeSantis dropped out”. Reminder, Trump is a guy whose businesses are no stranger to bankruptcy or allegations of fraud. He leaves wreckage in his wake.

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zephorah@lemm.ee

49 points

7 months ago

Maybe so, but that doesn’t mean stay home on voting. Russia and China are allied, which is why Russia hasn’t failed in Ukraine yet. Iran is launching drones at Israel. (Neither are being great, but, a more active Iran isn’t a good thing.)

Do we want Trump or Kamala dealing with this crap?

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