After losing the White House in 2020, former President Donald Trump faced potential financial trouble as he lost business from former corporate...
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After losing the White House in 2020, former President Donald Trump faced potential financial trouble as he lost business from former corporate investors who no longer wanted to be associated with him.However, Forbes reports that Trump quickly found a new way to recoup any losses: His highly dedicated fan base.As Forbes puts it, Trump supporters have shown that they will "buy almost anything from him, at virtually any price."In fact, Forbes writes that since leaving office, Trump has cashed in by selling "a random assortment of internet-fueled hucksterism encompassing coffee table books, NFTs, Bibles, even bits of the suit he wore to debate Joe Biden in June."The NFTs in question are a series of digital trading cards that depicted Trump in a variety of heroic stances and sold for $99 each.While there was skepticism about the NFT initiative even from many Trump advisers, they sold out almost instantly and Trump has since released new batches of the digital trading cards for fans to buy.ALSO READ: New Harris campaign ad features Kentucky rape survivor who became pregnant at 12However, Forbes notes that Trump supporters' devotion could come back to haunt them if they've invested significant sums into shares of Trump Media and Technology, the parent company behind his Truth Social platform.Specifically, any attempt by Trump in the coming weeks to cash in on his own stake in the company would likely take a sledgehammer to smaller investors who put their money into the firm."Selling roughly 60% of the social media company all at once, or even in decent-sized chunks, could crater the share price—and leave him with less," writes Forbes. "His challenge: how to keep his most fervent supporters trusting that he’s committed to the company while simultaneously dumping shares on those same people."
After losing the White House in 2020, former President Donald Trump faced potential financial trouble as he lost business from former corporate...
Donald Trump opened his Washington, D.C. hotel weeks before the 2016 election and it quickly became a gathering place for Republicans, lobbyists and...
Donald Trump opened his Washington, D.C. hotel weeks before the 2016 election and it quickly became a gathering place for Republicans, lobbyists and...
Former President Donald Trump has been publicly denying that he is losing the state of New Hampshire but a new report from Politico makes the case...
Former President Donald Trump has been publicly denying that he is losing the state of New Hampshire but a new report from Politico makes the case...
A decision Donald Trump made in March is proving to be a costly one that has now caused the former president to slip out of Forbes' rankings for the...
A decision Donald Trump made in March is proving to be a costly one that has now caused the former president to slip out of Forbes' rankings for the...
At Tuesday night’s presidential debate, Trump was asked about his economic agenda. As we’ve come to expect, he produced an incoherent word salad...
At Tuesday night’s presidential debate, Trump was asked about his economic agenda. As we’ve come to expect, he produced an incoherent word salad...
Donald Trump's recent spate of making merchandise offers to his rabid MAGA followers, which will put money in his pockets but do nothing for his...