Late Night With Seth Meyers: Stephanie Ruhle On Donald Trump's Truth Social Stock & Desperately Trying to Hang Out With Her Sons

Source:Late Night With Seth Meyers talking to NBC News business reporter Stephanie Ruhle.

"Stephanie Ruhle talks about going to hip-hop musical festivals with her teenage son, Trump's social media company, Truth Social, going public and her other son convincing her to participate in a cold plunge." 

From Late Night With Seth Meyers 

"Shares of Trump Media & Technology Group continue to rapidly fall back to Earth.

The Truth Social owner dropped by another 8% on Monday, adding to a brutal week that wiped out a third of the stock’s value.

The selloff has shrunk former President Donald Trump’s stake in the controversial company to about $2.9 billion. That’s down sharply from a peak of $5.2 billion based on the closing high of $66.22 on March 27, the day after it went public.

Trump owns a dominant stake of 78.8 million shares in Trump Media, which launched in 2021. Its plan to go public by merging with a shell company was delayed for years by regulatory and legal scrutiny.

When Trump Media finally went public late last month, experts immediately warned that Wall Street was drastically overvaluing the company based on traditional fundamental metrics like revenue and users.

Last week, Trump Media disclosed losing $58 million last year on very light revenue of just $4.1 million. By comparison, Twitter (now known as X) generated more than 100 times as much revenue – $665 million — in 2013 ahead of its initial public offering in November of that year.

After its first day of trading, Trump Media was valued at as much as $11 billion. That’s almost twice the valuation that Reddit achieved after its IPO in March – even though Reddit generated roughly 200 times as much revenue.

Despite the recent losses, shares of Trump Media and the blank check company it merged with have more than doubled this year." 

From CNN 

I posted the CNN link as well because the Seth Meyers interview with Stephanie Ruhl is from last week. Donald J. Trump's Truth Social stock is now a net loss. 

Just to give you some personal observations about Stephanie Ruhl first: 

If you are familiar with liberal feminist author Camille Paglia, that's who Stephanie Ruhl reminds me of. Not so much in what they say and what they believe. But as far as how they talk. It's not like they sound like they drink nothing but coffee all day. It's as if they manage to drink coffee in their sleep. Maybe they have a coffee tube stuck in their mouths as they're trying to sleep. (Assuming they ever sleep at all) Perhaps they don't drink coffee all day. Maybe they drink nothing but coffee and Jolt Cola (for anyone whose old enough to remember the 1980s) all day. They talk like they have 30 seconds to catch their flight. But they can't leave until they give a 20 minute speech or something. 

My two favorite cable news hosts right now, are Stephanie Ruhle and CNN anchor Erin Burnett. But only because they're both professional reporters, not political activists. And they both know more about the American economy and business sector, at least combined, then Donald J. Trump knows how to lose money and get other people to pay his bills for them. Neither one of them are on the air with a political agenda and trying to promote these people, as they're trying to take down these other people.

But it's not just the professional backgrounds of Erin Burnett and Stephanie Ruhle that remind me of each other. To go back to my point about Camille Paglia: it's rare that I can see news anchors looking like they can fly out of their anchor chairs, with no wings. They both bring so much energy, you almost need an extra pair of ears to be able to keep up with what they're saying. And at risk of being called a sexist by militant feminists: they're both absolutely adorable and beautiful. Both 48 and yet they can still pass as little girls.

As far as Donald Trump's Truth Social: hard to say anything that's related to Donald Trump, that's called Truth Social. It's like hearing a known loan shark saying: "I have a great deal for you. I'll pay off your debts, but you'll be paying me for it for the rest of your life." 

But as far as his stock, the man hasn't invested any of his own money into this company and yet he believes he's entitled to 100% of what will soon be a worthless stock. And then hightail that money out the company, (like a group of escaped convicts breaking out of prison) leaving everyone else whose still in the company, to get buried in debt, when the company crashes. 

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