Trump Stock GETS CLOBBERED by GUILTY VERDICT
Legal AF by MeidasTouch
Meidas Media Network
4.9 • 6.1K Ratings
🗓️ 3 June 2024
⏱️ 10 minutes
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| 0:00.0 | Hi all how we doing afternoon afternoon let's get this meeting meeting meeting |
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| 0:28.9 | C EE. C EE dot-curdity case slash claims. |
| 0:30.1 | This is Michael Popoc, Legal A F. |
| 0:32.1 | Terrible day for Donald Trump yesterday, not just because he got convicted by a jury of 34 counts of felonies in New York, |
| 0:40.0 | but on the first trading day after that, the brokers and traders of Wall Street have spoken. |
| 0:45.0 | And they are selling Donald Trump short. |
| 0:47.5 | Literally, they have crushed the stock price for Trump media by 5.3% a huge drop meaning his on paper value or net worth in that |
| 1:01.0 | stock holding which has been his bailout, his personal bailout for his dwindling |
| 1:06.3 | fortunes dropped by about a half a billion dollars. |
| 1:10.4 | Now it's all on paper because Donald Trump can't sell his steak until September. |
| 1:14.0 | But I one thing I learned working on Wall Street for a large Wall Street firm |
| 1:18.4 | brokers and traders smell a fraud and smell a loser a mile away and we'll start trading in relation to that and now they're hammering the stock. I mean that stock generally wildly gyrates the price of it because there's no there there |
| 1:36.2 | there's no economics underneath it there's no reason you would ever invest any of your money |
| 1:41.7 | if I came up to you on the street and said, hey, I got a great new stock for you to buy. They'd say, tell me about the business. Oh, business is great. Listen to these numbers. It lost $340 million against $770,000 worth of revenue. |
| 1:57.0 | Nobody's going to say where do I sign up for that. |
| 2:00.0 | But that is Trump Media. |
| 2:02.0 | It has a dwindling user base, dwindling numbers in the low single digit millions of daily active users, which is almost nothing, and its revenue is down to $778,000 for a three month period against $338 million in loss. |
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