Meyers on Trump’s Billions from TRUTH Social Stocks: This Is ‘Seth Tries to Laugh About a Thing That’s Clearly Making Him Crazy’

MEYERS So Trump desperately ░░░░░░░░ money Now Trump has ░░░░░░░░ his entire life wriggling ░░░░░░░░ way out of seemingly ░░░░░░░░ jams but surely surely ░░░░░░░░ s no escape hatch ░░░░░░░░ him this time right ░░░░░░░░ starts HILL More breaking ░░░░░░░░ tonight involving Donald Trump ░░░░░░░░ media company which of ░░░░░░░░ includes Truth Social soaring ░░░░░░░░ its first day of ░░░░░░░░ on NASDAQ surging 56 ░░░░░░░░ at one point during ░░░░░░░░ to 70 a share ░░░░░░░░ closing at 58 Velshi ░░░░░░░░ now owns 60 of ░░░░░░░░ new Trump Media Company ░░░░░░░░ roughly 78 million a ░░░░░░░░ A stake of it ░░░░░░░░ on paper at this ░░░░░░░░ worth 4 6 billion ░░░░░░░░ The higher the stock ░░░░░░░░ the higher that Donald ░░░░░░░░ s net worth is ░░░░░░░░ yesterday s close Trump ░░░░░░░░ net worth according to ░░░░░░░░ a little over 7 ░░░░░░░░ it went up by ░░░░░░░░ billion on Monday alone ░░░░░░░░ ends MEYERS That s ░░░░░░░░ Trump doubled his net ░░░░░░░░ in one day after ░░░░░░░░ otherwise worthless social media ░░░░░░░░ went public This brings ░░░░░░░░ to a segment called ░░░░░░░░ tries to laugh about ░░░░░░░░ thing that is clearly ░░░░░░░░ him crazy Laughs I ░░░░░░░░ t understand So he ░░░░░░░░ his net worth out ░░░░░░░░ nowhere Laughs Based on ░░░░░░░░ worthless business just in ░░░░░░░░ to Laughs pay off ░░░░░░░░ hundreds of millions he ░░░░░░░░ for lying about the ░░░░░░░░ I just don t ░░░░░░░░ don t get it ░░░░░░░░ Ha ha ha ha ░░░░░░░░ ha haaaa Laughter This ░░░░░░░░ been Seth tries to ░░░░░░░░ about a thing that ░░░░░░░░ clearly making crazy Applause ░░░░░░░░ you might be asking ░░░░░░░░ Donald Trump has a ░░░░░░░░ technology company and the ░░░░░░░░ is no he doesn ░░░░░░░░ What he has is ░░░░░░░░ dumb Twitter rip off ░░░░░░░░ MAGA trolls called Truth ░░░░░░░░ where he posts insane ░░░░░░░░ riddled all caps screeds ░░░░░░░░ may have seen one ░░░░░░░░ his posts when someone ░░░░░░░░ screen grabs it and ░░░░░░░░ puts it on Twitter ░░░░░░░░ Social has been an ░░░░░░░░ failure has lost millions ░░░░░░░░ dollars and is hemorrhaging ░░░░░░░░ Clip starts CNN Reporter ░░░░░░░░ warn the stock is ░░░░░░░░ overvalued saying its staggering ░░░░░░░░ billion dollar valuation is ░░░░░░░░ a flash in the ░░░░░░░░ Truth Social has been ░░░░░░░░ up huge losses and ░░░░░░░░ of last month only ░░░░░░░░ some 494 000 active ░░░░░░░░ mobile users EGAN Truth ░░░░░░░░ is tiny We re ░░░░░░░░ about less than half ░░░░░░░░ million monthly active users ░░░░░░░░ iOS and Android in ░░░░░░░░ United States For comparison ░░░░░░░░ the company formerly known ░░░░░░░░ Twitter it has 75 ░░░░░░░░ users Even Instagram s ░░░░░░░░ is 10 times bigger ░░░░░░░░ Truth Social Not only ░░░░░░░░ but Truth Social is ░░░░░░░░ Monthly active users are ░░░░░░░░ by 51 percent year ░░░░░░░░ year in February CNN ░░░░░░░░ Trump Media generated just ░░░░░░░░ 4 million of revenue ░░░░░░░░ the first nine months ░░░░░░░░ last year according to ░░░░░░░░ The company lost 49 ░░░░░░░░ over that time period ░░░░░░░░ ends MEYERS The only ░░░░░░░░ this business could be ░░░░░░░░ more of a failure ░░░░░░░░ if every time you ░░░░░░░░ an account you got ░░░░░░░░ free Zoon a bottle ░░░░░░░░ Crystal Pepsi a Blockbuster ░░░░░░░░ a Motorola flip phone ░░░░░░░░ came preloaded with a ░░░░░░░░ account and a round ░░░░░░░░ next to the door ░░░░░░░░ Alaska Airlines So just ░░░░░░░░ recap not only is ░░░░░░░░ Social a tiny business ░░░░░░░░ has generated only 3 ░░░░░░░░ in revenue while losing ░░░░░░░░ million it s also ░░░░░░░░ with unique visitors down ░░░░░░░░ percent and active users ░░░░░░░░ 51 percent It s ░░░░░░░░ are so small and ░░░░░░░░ is true it actually ░░░░░░░░ for the federal government ░░░░░░░░ definition of a small ░░░░░░░░ which has revenue ranging ░░░░░░░░ 1 million to over ░░░░░░░░ million.”