The warnings that financial and business experts have been saying about Donald Trump's Truth Social stocks may be coming true as its stocks began dipping when the stock market closed on Maundy Thursday.

Truth Social stocks were considered a "meme stock," and the business itself was not doing very well, losing more money than it had earned before it merged with Digital World Acquisition Corporation. Even after this, however, the business was still struggling despite the boost in value and investment from Trump supporters.

According to USA Today, share prices started at $70.90 per share on Tuesday, before surging to $79.38 per share. However, despite the efforts of Trump supporters to keep the stock prices up by buying shares of Truth Social as a way to show they support Trump, stock prices dropped to $61.96 before the markets closed on Thursday.

The SEC itself has warned that Trump has a history of failed business ventures, from Trump Shuttle to Trump Steaks to the fraudulent Trump University. Despite this, Truth Social told the regulatory body that "there can be no assurances" that this company won't go the same route.

Truth Social even admitted in its filing the history of Trump's business failures, including his various companies going bankrupt and him being sued because of his businesses. The SEC filing also admitted to the former president being investigated for various crimes, as well as his various civil cases.

Despite this, Truth Social still told the SEC that it could not t kill Trump's licensing agreement for "personal or political conduct" even if it could hurt Truth Social's "reputation or brand or be considered offensive, dishonest, illegal, immoral, or unethical, or otherwise harmful."

Donald Trump May Have Broken Gag Order With Latest Attack on Hush Money Trial Judge's Daughter

Speaking of Donald Trump's legal problems, he is facing a criminal trial in New York over the misuse of campaign funds as he stands accused of paying former adult film star Stormy Daniels hush money using campaign money to keep quiet about their affair.

The former president has a penchant for attacking his opposition during cases, and this forced Judge Juan Merchan to issue a gag order against him. He may have broken that gag order thanks to a post on Truth Social attacking the judge's daughter, who has previously consulted on Democratic campaigns.

"This is a disgrace to our Legal System. Judge Merchan should be immediately sanctioned and recused, and this fake 'case,' only kept alive by the Highly Conflicted Judge, should be completely dismissed right away," he wrote. This led Manhattan DA Alvin Bragg to ask the judge to make it clear that attacking his family should not be allowed and point out that this is a possible violation of the gag order.

Saturday Night Live Pokes Fun of Donald Trump Selling a Bible

Meanwhile, during Black Saturday, James Austin Johnson played Donald Trump on Saturday Night Live and poked fun at the former president's attempts to sell a Bible while on the middle of several criminal investigations and facing mounting legal debts.

"That's right, it's Easter," said Johnson in character. "That time of year when I compare myself to Jesus Christ. That's just a thing I do now and people seem to be OK with it."

"Look at this beautiful Bible, made from 100 percent Bible," he added. "As you know, I love Bible. It's my favorite book. I've definitely read it. My favorite part is probably the ending. It all wraps up. But this is a very special Bible. And it can be yours for the high, high price of $60."

"I'm doing this for the glory of God," he continued. "And for pandering and mostly for money."

READ MORE: Donald Trump Viciously Mocked for Selling 'Trump Bible' While Having Money Problems

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Written by: Rick Martin

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