Trump Media joining president’s Atlantic City casino and airline as business failures, Bloomberg co-founder says
Trump Media's struggles mirror past failures of Trump-branded businesses, according to Bloomberg's co-founder, highlighting a pattern of financial difficulties.Summary
Donald Trump’s media company, Trump Media & Technology Group Corp, is facing significant financial challenges, marked by substantial revenue losses and a declining stock price. This situation, as noted by Bloomberg’s editor-in-chief emeritus Matthew Winkler, echoes the failures of previous Trump ventures, including casinos in Atlantic City, the Trump Shuttle airline, and Trump Steaks. Trump Media’s merger with TAE Technologies, a fusion energy company, is seen as a sign of its struggles, mirroring the bankruptcy of the Taj Mahal casino and other Trump-branded properties. Winkler argues that Trump’s success has been built on a perception of fixing broken systems, yet his business record demonstrates a pattern of self-enrichment at the expense of stakeholders. Other failed ventures include Trump University, Trump Vodka, and a cryptocurrency startup linked to his sons, further illustrating a history of business setbacks.
(Source：The Independent)