Comedian and late night host Seth Meyers on Thursday took a look at Donald Trump’s Truth Social stock market debut.
The share price of the social media company plummeted this week, days after it started publicly trading under the ticker DJT. The price had initially surged, but experts warned it was overinflated and doomed to fall.
“Here’s how one commentator on the infamous ‘Wall Street Bets’ subreddit explained the situation,” Meyers said on “Late Night.”
“‘If you invest in this on a long enough timeline, you will lose everything,’” Meyers read from the Reddit post. ”‘If you think Donald Trump is going to create an income positive social media platform, you are an absolute fucking moron.’”
“Now in fairness, that’s not just some dude’s opinion. He’s quoting the company’s slogan,” Meyers added, as the following mock graphic appeared:
Monday’s price plunge occurred after the company disclosed millions in losses in a regulatory filing and said it might struggle to meet its financial liabilities.
Watch Meyers’ monologue below.
Our 2024 Coverage Needs You
Already contributed? Log in to hide these messages.