USA, Trump saves himself with the 175 million bond. Meanwhile, Truth takes a nosedive –

Disastrous day on Wall Street for Donald Trump’s company that owns the social network Truth: Trump Media & Technology Group shares lost more than 20 percent during the trading day. Trump’s estate, the company’s largest shareholder with 57 percent of the shares, has lost a billion dollars so far. Trump Media’s global value fell to 3.7 billion. Only last week, the company had reached a peak value of 6 billion and a potential valuation of eleven billion. The disappointing financial data were the driving force: according to the documents presented by the group this morning, the company generated revenues of only 750 thousand dollars in the fourth quarter, with a loss of 39 percent compared to the same period a year ago. , a figure that brings the revenue balance in the twelve months to 4.1 million. Rival «X» closed last year with revenues of $665 million.

The fall on Wall Street risks leaving its mark on its finances and also further tarnishing its public image. The losses recorded on Monday were so sensational that they pushed Trump Media’s own auditors to admit doubts regarding the stability of the stock and to urge caution in the coming weeks. The month, therefore, did not start well for the former president of the United States, called to another delicate appointment on the 15th, but this time in the judicial field: that day the trial will formally begin in New York in which he is accused of illegal payments of a porn star, Stormy Daniels, and the former Playboy bunny Karen McDougal. Trump is accused of buying their silence in 2016 so that they would not reveal that they had had a brief extramarital sexual relationship with him. A confession which, in the midst of the presidential campaign, might have jeopardized the tycoon’s victory.

In the same hours as the stock market crash, the former president also deposited the 175 million dollar bond as a guarantee for payment of the compensation of over 450 million to which he was sentenced by the Manhattan court for a case of tax and financial fraud. Trump presented a “bond” issued by Knight Specialty Insurance Company. Last week the judges of the New York appellate division reduced the amount to be deposited pending the appeal from 464 to 175 million.