> Trump-backed 'conservative marketplace' is flaming out

Online marketplace PublicSquare, created as a MAGA-aligned alternative with Donald Trump Jr.’s backing, is now facing severe financial difficulties and a 99 percent collapse in its share price, according to BGNES.

“Despite initial expectations, the conservative marketplace failed to gain traction, resulting in cumulative losses of nearly $160 million from the start of its stock trading in 2023 through the end of July this year,” reports BGNES.

Trump Jr. lauded the company's debut on the New York Stock Exchange in 2023 as an “anti-woke marketplace” aimed at conservative, “patriotic and religious consumers.” But apparently the market and investors didn’t think much of politics. The business model soon unraveled, leaving the company at risk of being delisted.

This year, PublicSquare announced that it was abandoning e-commerce in favor of financial technology, including cutting 41 percent of its workforce and cancelling a streaming program.

And, typically, of many star-driven business, BGNES reports company's financial difficulties are linked to princely consultancy costs.

https://www.msn.com/en-us/money/economy … &ei=14