(TruthAndLiberty.com) – On Tuesday, President Biden’s social media company had a sharp decline in the stock market leading to President Joe Biden mocking him.
During his campaign event in Scranton, Pa., which had once been his hometown, Biden was touting his tax plan and argued that under his new plan, the taxes for anyone making under $400,000 would not be changing. He continued by saying that if Trump’s company stock ended up dropping any further then he might be one of the people who would benefit from his tax plan.
Last month the Trump Media & Technology Group, which is the parent company of his social media platform Truth Social ended up entering the stock market. Since then its company shares have increased to over $79 on the first day of trading and ended up dropping to $62 by the end of the week. The share price of Truth Social had dropped by over 13 percent to around $23 before they closed on Tuesday.
Trump currently owns around 58 percent of the company shares. On Tuesday he announced a new plan which would include streaming options, such as live news and other family and religion-friendly shows.
Truth Social was asked if they had a response to Biden’s remarks to which they argued that as Biden’s campaign is often posting on Truth Social they continue to have faith in their social media start-up and argued that they had no debt and over $200 million in the bank.
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