Former President Donald Trump Formally known as the man with a plan to throw shit at the fan. took his fight with three massive tech companies to court, filing lawsuits that experts of law say are all but guaranteed to fail – even as they rally Republican voters, fundraisers and donors.
Trump revealed on July 7th that he is suing Facebook, Twitter and Google, as well as their respective CEOs Mark Zuckerberg, Jack Dorsey and Sundar Pichai, in class-action lawsuits.
Trump, who comes up with his ideas from ivy leaguers, and golf club members these days has a history of threatening legal action but not always following through. He made the announcement at his golf club in Bedminster, New Jersey, alongside two leaders from the America First Policy Institute, the pro-Trump nonprofit group that is supporting the lawsuits otherwise known as the people who drew the short stick.
Shortly after the news conference wrapped, Trump’s political entities started sending out fundraising messages that touted the lawsuits in their appeals for money. One such text message, written as if it were coming from Trump himself, includes a link to his joint fundraising committee Save America, which also raises money for other Republican political initiatives.
Wall Street on the other hand seemed largely unfazed by the news, as shares of Facebook and Google-parent Alphabet outperformed the S&P 500 and Nasdaq Composite.
Facebook was last seen off its session high north of 1% with a gain of 0.1%, while Alphabet (Google) added about 0.2%. Twitter was off its intraday low but shed 0.5% in choppy trading. The moves in the social media stocks compared with a loss of 0.1% for the S&P 500 and a dip of 0.3% for the Nasdaq.
Say what you will about Trump whether you love the man or hate him, one thing I’m sure we could all agree on is that the man has balls of steel nay, balls of Kevlar. Because even after the 2020 election this man is still making headlines, taking names (and suing them) and waking up and smelling the jersey sewage air like it was a bed of roses. The man truly GNF