Poor little Donald Trump. He so much wants to be back on Twitter (he’s still suing to get his account reinstated), but he also wants to try and make a go of his so-called “response” to Twitter, which he’s calling Truth Social.
But based on the stock performance of the company raising money for Truth Social, many are wondering if Trump’s social media platform will even launch.
At the close of the stock market Friday, Digital World Acquisition Corp. (DWAC) had fallen to $67.75, off its high a week ago of $94.20. It fell nearly 7% just today, which doesn’t exactly bode well for the future, with CNBC noting earlier this week:
Short-seller Iceberg Research unveiled a bearish position on the DWAC on Monday, saying that investors face uncertainties in this blank-check deal as Trump could become a dominant shareholder after the merger.
“Now that initial excitement has passed, we see only risks for investors in near future. Based on Trump’s track record, at current price, renegotiation is likely to keep more of the merged company for him,” Iceberg Research said in a tweet.
All of this bad news must have been on Trump’s mind as he made a phone-in appearance on “The Clay Travis & Buck Sexton Show,” where he attacked Twitter, remarking:
“If you look at Twitter, it’s become very boring. They’ve lost tremendous amount of audience. It’s become boring as can be because conservatives are off it.
“They got me out. I had hundreds… Between Facebook and Instagram and Twitter, way over a hundred million people, way, way over, closer to the next number. And, frankly, our voice has been taken away so I wanted to do something important, something that couldn’t be taken down, and I think it’s gonna be terrific.”
When one of the hosts mentioned that Trump would be attending Game 5 of the 2021 World Series in Atlanta on Saturday evening (after calling for a boycott of Major League Baseball earlier this year), the failed, one-term former president couldn’t resist reiterating his Big Lie about how he won the 2020 election even though he lost in a landslide:
“Tremendous, tremendous, terrible things happened in terms of that election, and the election fraud, frankly. But we did tremendously in Georgia, and I think we’ll get a great reception.”
Yep, the delusions and petty jealousies are still there. Donald is banned from Twitter and Facebook, so he thinks creating his own social media site is the answer. But looking at the stock, there’s a better than even chance the entire enterprise will go bust before the New Year.
Loser Trump continues to lose. It’s the only thing he’s ever been any good at.