Share price Donald TrumpTrump Media and Technology Group may be newly traded on the Nasdaq Currently rising.
but Seth Meyers “There's a good chance the bubble will burst” on the value of a company that uses presumptive GOP nominee Trump's initials DJT as its symbol, he predicted Thursday.
“The value of a stock depends entirely on one thing, which is the Trump brand,” the comedian said on Late Night and argued that Trump supporters are artificially propping up the value of the company, which includes the platform Truth Social that Trump regularly rails against. It is the central product.
Myers then pointed out that the company acknowledged, in his SEC filings, that Trump could dilute the company's value if found guilty amid his myriad legal troubles.
Myers noted that the loss-making organization was considered a “miserable failure” as the number of users dwindled. He added that it's just a “stupid Twitter scam for MAGA trolls.”
He added: “The unexpected gains that Trump achieved in the stock market have nothing to do with the reality of his business, and this is clear to everyone.” “It's just a buying spree fueled by Trump supporters and traders who profit from the enthusiasm of Trump supporters.”
Watch the video here:
Watch Myers' monologue, in which he mocked the possibility of former Trump White House advisor Kellyanne Conway returning to Trump's orbit, here:
