These Investors Lost Billions Buying Trump Stocks And Crypto
Investors who purchased stock in Trump Media and Technology Group, the parent company of Truth Social, have faced significant financial losses. Many retail investors, including early supporters, have expressed frustration and feelings of betrayal as the stock's value plummeted.
Why it matters
This highlights the risks associated with politically-charged investments and the volatility of SPAC-based media companies.
Desperate to rebuild his fortune, Donald Trump asked his political supporters to become his business partners. Those who trusted him most got hurt the worst. V adim Fistikan started working at 17 and built the kind of savings that usually takes years of overtime, delayed purchases and adult restraint: more than $100,000 by the time he hit his late twenties. In 2021, the Washington State truck driver eyed a house near family in Florida, with a pool and a waterway that led to a river, and then the ocean. “We were thinking about pulling the trigger,” he says. “Then I saw this whole Trump thing going on.”
The framing focuses heavily on the financial ruin of supporters and uses emotive language like 'scam' and 'poor cattle' to characterize the business.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in