Joy Ann Reid: Talk of Trump Planning to Sell TRUTH Social Stocks Reveal ‘Pump and Dump Scam’

EXCERPT:

REID: “This comes after another of Trump’s failing businesses, TRUTH Social, seems to be going bust. Shares of the stock plunged more than 20% yesterday, as the company announced it lost more than $58 million last year. It couldn’t have helped that there was talk that Trump was trying to get the company’s board to let him out of his obligation to hold on to the stock, as per the normal rules, so that he could dump it to pay for his civil fraud judgment. So, the stock has been revealed to be a pump-and-dump scam. Surprise! But is that really a surprise? It’s not like TRUTH Social is all that popular. It’s estimated to only have roughly 5 million active users compared to the billions, with a 'b,' who use TikTok or Facebook. I mean, other than Trump, can you name any other prominent TRUTH Social users? Right. I can’t either. So that’s why Trump was left to turn to Don Hankey to bail him out."