President Joe Biden mocked former President Donald Trump in a campaign speech, taking aim at the falling stock price of Trump Media, the stock behind Truth Social.
The newly-merged Trump Media and Technology (DJT) company began trading on the NASDAQ stock exchange last month, and immediately shot up in initial trading. But the following Monday saw the stock sharply fall after some negative financial disclosures — closing off 21.47%.
That steep dive has continued over the past few weeks and has dropped almost 68 percent since the stock began trading. That translates to $5 billion in paper losses.
President Biden gave a campaign speech in his hometown of Scranton, PA, on Tuesday, during which he roasted Trump over the stock as he pitched tax fairness:
We’re not asking anything that’s unusual.
Under my plan, nobody earning less than $400,000 will pay an additional penny. I hope you’re all able to make 400,000.
(murmuring laugh).
I …