Trump's Truth Social takes another hit as big-money investors head for the exits
I may be kicking myself for the rest of my life for not shorting Truth Social stock when I had the chance. For those who aren’t as financially savvy as I like to pretend to be, shorting a stock is when you find a big, puffed-up, slovenly loser who smells like a sea lion exploded inside a pair of golf pants and bet against his business.
When Donald Trump, who once named glitching brain stem Rudy Giuliani as his cybersecurity adviser, announced he was starting a social media company, it looked like a sure loser. Much like Trump himself. For some reason, I figured the guy who couldn’t keep a casino company solvent would have trouble taking on well-established tech giants like Twitter. But I didn’t have enough experience in stock trading to pull the trigger—even though the failure of Trump’s new vanity project seemed as inevitable as the heat death of the universe.
Well, it looks like I was right all along. And the worst part about this missed opportunity is that if I’d shorted Trump Social stock from the outset, I would have literally been taking money from Rep. Marjorie Taylor Greene, who bet big on the company and has since lost thousands of dollars.