'All a trick': Why falling Truth Social stock could still bring Trump a 'stunning' fortune

16 April 2024

While Donald Trump was in a New York City courtroom for the first day of his criminal trial in Manhattan District Attorney Alvin Bragg Jr.'s hush money/falsifying business records case, Trump Media & Technology Group shareholders got some bad news. Trump Media stock, Forbes reported, had "crashed again" and "sank more than 15 percent by mid-morning, building on last week's 20 percent loss."

Trump Media & Technology Group is the parent company of Donald Trump's social media platform Truth Social, which he has positioned as a MAGA alternative to X, formerly Twitter.

MSNBC's Stephanie Ruhle had a lot to say about the stock's problems, stressing that despite how much it has fallen in value, Donald Trump still stands to make a fortune from it.

"Possibly, millions of more shares could be sold," Ruhle told viewers during her Monday night, April 15 broadcast. "But guess who is going to get a lot of that stock: Donald Trump himself. And I want you to listen, because this is not bad news for him. It's fantastic news."

Ruhle, with obvious frustration in her voice, continued, "When all is said and done, Donald Trump could end up with 65 percent of the shares in this company…. Every single share, every dollar is found money. This is all a trick. The trick is get as many shares as he can — and he's doing that…. before people lose interest in the stock and the party ends."

Trump himself, Ruhle stressed, is not "losing his shirt" with Truth Social stock.

"It is still worth two billion," Ruhle explained. "He did not have to spend one single dollar to get it. He's getting more shares. In the not-so-distant future, he could get a billion-dollar payout — and it will be legal…. It's stunning that he's in this position."

Watch the full video below or at this link.

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