Trump Coin Stealth Launch
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Scott Galloway shares his perspective on the Trump meme coin launch and its suspicious timing.
"They announced the Trump coin the Friday night before his inauguration so it would get lost in the news. 30 people made $800 million over the weekend. I'm going to guess that those people probably got a call, maybe from someone close to Trump, saying 'launching a coin, you should do this.'
Then over the course of the next couple of months, I think about 80,000 people lost billions of dollars - retail investors. Then as the lockups were coming off, he announces a big dinner to hype the stock. Then he decides, 'Oh, you know what? The Department of Justice investigating scams in the crypto market? We should close that unit down.'
The grift here - if any Republican ever uses the word Hunter Biden - it should be just like what Hunter Biden has been accused of is a parking ticket compared to the double murder of grift this administration is levying against the American public."
Scott Galloway
Professor at NYU Stern School of Business, teaching brand strategy and digital marketing to MBA students. Entrepreneur who has founded multiple successful companies, including Red Envelope.
Co-host of the popular 'Pivot' podcast with Kara Swisher and host of 'The Prof G Pod with Scott Galloway'. Author of several books, including 'The Algebra of Wealth', and currently writing a book about masculinity.