Morning Wire Trump Trial Optics & Truth Social Plummets | 4.19.24
Apr 19, 2024
Former President Trump rallies support in NYC during his hush money trial, showcasing his political savvy despite legal troubles. Meanwhile, the stock of Truth Social suffers a dramatic drop, plunging from $8 billion to just $30 per share, illuminating the struggles of the platform. Additionally, a significant Supreme Court ruling clarifies legal protections for discrimination lawsuits, potentially impacting corporate DEI programs. The intersection of law, politics, and business makes for a compelling discussion.
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Trump's Bodega Visit
- Trump visited a Harlem bodega where Jose Alba, charged with murder by Alvin Bragg, had stabbed a robber.
- This visit highlighted Bragg's perceived softness on crime, a key message for Trump.
Trump's Campaign Style
- Trump excels at working a room, creating positive optics in public appearances.
- This contrasts with Biden's less engaging public interactions, potentially impacting their campaigns.
Truth Social Stock Decline
- Truth Social's stock value plummeted by over 50% from its peak, now trading around $30.
- Forbes estimates its actual value between $40-90 million, significantly lower than the initial $8 billion.