Trump stock slumps after trading frenzy


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Trump stock slumps after trading frenzy



The shell company that plans to merge with former President Trump’s new media platform is losing steam after a trading frenzy in the stock market last week. CBS MoneyWatch reporter Aimee Picchi joins CBSN’s Tanya Rivero for more on the story.

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22 Comments

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  1. The real story is almost certainly not being told here. I'm not saying CBS is hiding anything, but they left the important stuff out. Trump's brand is tanking all over the place, so it makes no sense that an investor firm would think his name was still worth anything. They are surely up to something shifty. The guest doesn't really understand how meme stocks work, and what fuels them. I'd guess that progressives are pumping up the stock, preparing to short sell en masse. Trump's statement about his new company taking years is in reaction to how his last venture flopped on take-off. Not mentioned here. Also not mentioned: all of this is being done by an organization under Federal indictment.

  2. Those must be fake stock value numbers. DJT is, and has always been a winner in everything he's ever done. He just gets robbed of credit for his absolutely incredible and tremendous achievements because the corrupt media wants to make him look bad. When he starts his own media organization, everyone will know the truth as HE sees it.

  3. Trump Virus of 2020 – 2021

    Misuse and
    Abuse of
    Government
    Agencies

    No justice for our family deaths until Trump and ALL his accomplices are behind bars! Especially his family!

  4. Who would be stupid enough to invest in anything involving Trump? it's a known fact that he rip's everyone off. I would really like to know who these people are? because I have a AWESOME DEAL!!! for them on some ocean front property in Montana that I would sell to them real cheap. but they better get it quickly because it's going really fast.

  5. Does Trump or any of his advisors think it will be easy to run a FB-type platform?
    it will need teams of censors and be anything but a 'free-speech' platform.