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0:59Now PlayingPresident Joe Biden lambasted Donald Trump’s economic platform in a broadside that included mocking the drop in shares of his political rival’s media company.
“If Trump’s stock in Truth Social, his company, drops any lower, he might do better under my tax plan than his,” Biden said Tuesday at a campaign event in his birthplace of Scranton in swing-state Pennsylvania.
Trump Media & Technology Group Corp., the parent of the former president’s social media platform, Truth Social, continued to slide Tuesday, extending losses after a sharp drop Monday. The shares soared last month as the company wrapped up a lengthy merger process, boosting Trump’s wealth as investors sought to show support for his reelection bid. But the stock has since slumped as the company took its first steps toward allowing Trump and other insiders to capitalize on their stakes.
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