Trump’s Unbearable Temptation to Dump His Truth Social Stock ...Middle East

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Remember in Godfather II when the mobster Hyman Roth tells Michael Corleone, his co-investor in President Fulgencio Batista’s Cuba, “Michael, we’re bigger than U.S. Steel”? U.S. Steel is no longer the colossus it was in 1958, when that scene takes place. But it still caught my attention when The Wall Street Journal reported Tuesday that the valuation of Donald Trump’s Truth Social was almost as big as U.S. Steel’s. This was the very first day of trading for the app’s parent company, Trump Media & Technology Group (ticker symbol: DJT), when the stock price rose 56 percent to $78 per share; it closed Wednesday just south of $70. That’s a remarkably strong performance for a money-losing social

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