In a recent Emerson College survey, Trump is slightly ahead of Biden by one point, with 8 percent of respondents undecided. This survey also highlights a decline in public trust in Biden, as shown in a new chart from Gallup. However, the chart also indicates that Trump’s likability and honesty ratings remain relatively stable without changes.
Trump is currently engaged in legal battles with two co-founders of Trump Media & Technology Group, aiming to retrieve their stock following the successful IPO of the media company (stock ticker: DJT). These co-founders, winners of The Apprentice 2004, filed a lawsuit against Trump to prevent him from diluting their ownership.
Ex-US President, Donald Trump (Credits: Times of India)
Trump’s history suggests a pattern of litigation with business partners, as depositions are expected of him. Despite initial challenges in stock trading and a drop in stock price, DJT’s valuation remains surprisingly high, considering the company’s financial performance.
Trump Media reported a loss of $58 million and revenue of $4 million last year, yet the market values DJT at $6.4 billion, indicating its status as a meme stock.
On another front, TikTok, a Chinese-owned social media platform, uses the conservative lobbying group Club for Growth to influence Republican lawmakers. This tactic involves leveraging Club for Growth’s influence, as its largest donor is a TikTok investor named Jeff Yass.
President Joe Biden (Credits: Fox 59)
The Club threatens to lower the business-friendly score of Republican politicians who support a new TikTok rule. This strategy highlights money’s influence on politics and the potential impact on policy decisions.
These developments reflect ongoing dynamics in politics, business, and technology, showcasing the intersection of legal disputes, financial markets, and lobbying efforts within the current landscape of American society.
