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Monday, April 01, 2024 3:28:45 PM
BREAKING NEWS: Republican economists deem national economy "a disaster" after collapse of Truth Social stock
Following the rapid depreciation of the stock price for Truth Social—the social media company founded in 2021 by former President Donald Trump—Republican economists decried the overall state of the national economy, and placed the blame for the heavy losses squarely on the shoulders of one specific individual.
And who might that individual be? None other than President Joe Biden.
“Truth Social’s collapse is the direct result of the disastrous and stifling regulatory policies of the Biden economy,” Right Side Broadcasting Network Business analyst Tom Patrick argued on air. “President Biden is alone to blame for choking the lifeblood out of this once-thriving, revolutionary business.”
While Truth Social’s stock value soared to a height of over $70 per share after its initial public offering on March 26, it has since plummeted to under $50 a share after it was revealed that the company only generated $4 million in total revenue while accumulating $58 million in lost revenue.
“Truth Social was truly the caviar of social media companies,” Mike Robbins of Gateway Pundit Financial News declared. “While Facebook might boast of having 3 billion users worldwide and Twitter might lay claim to 500 million users, Truth Social’s lean-and-mean 600,000 users represents a far more exclusive club that ought to have been given first-class priority above all others in the market. Instead, it lay wasted and squandered like so many other once-promising ventures that met the deadly Biden Corporate Buzzsaw.”
Some experts felt that the Biden Administration should have done far more to protect what they viewed as a truly unique commodity to the public.
“Where else on the internet could you find a social media network so devotedly specialized towards the individual user?” asked Breitbart Moneyworks contributor Riley Phillips. “And by ‘individual user,’ I mean Donald Trump, of course. I mean, I think Catturd might have an account on Truth as well, but I think he just uses it to post fart memes.”
If Truth Social’s stock value continues to lose value, some believe drastic action might be necessary to further protect the global economy. And they vow to hold President Biden to account for any inaction.
“Listen, I’m generally opposed to corporate bailouts in principle,” USAMAGAFreedomEagleFlag2ANews.com chief finance editor Walter R. Tomlinson, Jr. opined. “And if we were just talking about some other industry—such as automotive or energy production or food or manufacturing—having the government tip the scales would be a grossly intrusive act upon the free market capitalistic system that I so love and support.
But if we lose Truth Social, we lose the very one platform for a single man to log on and express twisted all-caps holiday wishes vowing revenge on his opponents or declaring himself the winner of his own country club’s private golf tournaments. And once that most valuable of income generators is lost, it will be lost forever.”
“President Biden, because of your gross mishandling of the economy, an invaluable American institution in the form of Truth Social now stands at grave risk,” Tomlinson continued. “Should it fail, its blood will forever be on not only your own hands, but also on the hands of your son Hunter, and we will seek to impeach and remove the both of you from public office forever for depriving the American citizens of its existence.”
DETAILS AT ELEVEN
Following the rapid depreciation of the stock price for Truth Social—the social media company founded in 2021 by former President Donald Trump—Republican economists decried the overall state of the national economy, and placed the blame for the heavy losses squarely on the shoulders of one specific individual.
And who might that individual be? None other than President Joe Biden.
“Truth Social’s collapse is the direct result of the disastrous and stifling regulatory policies of the Biden economy,” Right Side Broadcasting Network Business analyst Tom Patrick argued on air. “President Biden is alone to blame for choking the lifeblood out of this once-thriving, revolutionary business.”
While Truth Social’s stock value soared to a height of over $70 per share after its initial public offering on March 26, it has since plummeted to under $50 a share after it was revealed that the company only generated $4 million in total revenue while accumulating $58 million in lost revenue.
“Truth Social was truly the caviar of social media companies,” Mike Robbins of Gateway Pundit Financial News declared. “While Facebook might boast of having 3 billion users worldwide and Twitter might lay claim to 500 million users, Truth Social’s lean-and-mean 600,000 users represents a far more exclusive club that ought to have been given first-class priority above all others in the market. Instead, it lay wasted and squandered like so many other once-promising ventures that met the deadly Biden Corporate Buzzsaw.”
Some experts felt that the Biden Administration should have done far more to protect what they viewed as a truly unique commodity to the public.
“Where else on the internet could you find a social media network so devotedly specialized towards the individual user?” asked Breitbart Moneyworks contributor Riley Phillips. “And by ‘individual user,’ I mean Donald Trump, of course. I mean, I think Catturd might have an account on Truth as well, but I think he just uses it to post fart memes.”
If Truth Social’s stock value continues to lose value, some believe drastic action might be necessary to further protect the global economy. And they vow to hold President Biden to account for any inaction.
“Listen, I’m generally opposed to corporate bailouts in principle,” USAMAGAFreedomEagleFlag2ANews.com chief finance editor Walter R. Tomlinson, Jr. opined. “And if we were just talking about some other industry—such as automotive or energy production or food or manufacturing—having the government tip the scales would be a grossly intrusive act upon the free market capitalistic system that I so love and support.
But if we lose Truth Social, we lose the very one platform for a single man to log on and express twisted all-caps holiday wishes vowing revenge on his opponents or declaring himself the winner of his own country club’s private golf tournaments. And once that most valuable of income generators is lost, it will be lost forever.”
“President Biden, because of your gross mishandling of the economy, an invaluable American institution in the form of Truth Social now stands at grave risk,” Tomlinson continued. “Should it fail, its blood will forever be on not only your own hands, but also on the hands of your son Hunter, and we will seek to impeach and remove the both of you from public office forever for depriving the American citizens of its existence.”
DETAILS AT ELEVEN
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