A busted bet on a Trump-win fortune
Retirees who bet their pension money on Trump Media's stock are getting a reality check.
Full story: Truth Social investors hoped to get ‘very rich’ after Trump’s win. Not quite.
Trump Media's small-time investors shoveled their retirement money into the stock – and often endured heavy losses – on the hope that an election win would send Trump's stock into the stratosphere. About that ...
Viaud, the South Carolina retiree, frequently predicted on Truth Social that the stock would soar. “I think I may buy a cruise ship when this [is] all over,” he posted in April.
The volatility since the election has complicated his hopes for a quick turnaround. But some Truth Social users have said they’re recommitting to their belief in the stock and urged one another to, as one poster wrote, “get every God-fearing Patriot on board with acquiring some DJT” shares.
A few days after the election, as the share price fell, Viaud reposted — or, in Truth Social terms, “ReTruthed” — a message from a fellow member of the platform’s investor group.
“This is the part of the story where the criminals are panicking trying to scare you,” it said. “This is the part of the story where you double down and buy even more DJT.”
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