Reacting to the daily news of Trump Media & Technology Group Corp. bottoming out to below $13 and likely headed lower, Donald Trump's niece raised the red flag while extending a modicum of sympathy for her uncle's supporters who bought into his "grift" who will eventually be left holding the bag.
On her Substack platform, Mary Trump made the point that Donald Trump has long had a history of scamming people out of money and that those who bought stock in the parent company behind the faltering Truth Social platform are just the latest victims.
Along the way she noted that some investors in the alternative to X, formerly Twitter, are "neo-Nazis, white supremacists, and Christian nationalists, many of them are poor, elderly, ignorant or some combination of the three."
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With the stock, which once traded for almost $80d and dropped down to below $13 before getting a slight bounce back to just over $14 on Wednesday, the ex-president's niece wrote that a collapse is inevitable.
"It might be tempting to dismiss the pain of Donald’s supporters who’ve lost their life’s savings or retirement accounts because they trusted this grifter," she wrote. "But we should remember that Donald doesn’t care if he bleeds every single one of his supporters dry. He doesn’t care if they can’t afford it or if they lose their retirement savings because they put their trust in him."
"He only cares that he emerges from the Truth Media debacle unscathed, which he will because there’s always somebody there to bail him out," she advised.
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