Former President Donald Trump is back on X, formerly known as Twitter, sharing his first post on the social media platform in the past two years.
Here’s a look back at a tweet from Trump that took on one of the biggest companies in the world.
What Happened: A study once found Trump to be the most active political leader on social media, with the stock market sometimes outperforming on days when he tweeted the most.
Trump was banned from X in January 2021. Despite being unbanned from X when Elon Musk acquired the social media platform in November 2022, the former president waited until August 2023 to make his first post on the platform in more than two years.
Trump shared his mug shot, which had gone viral on social media and used the post to call out those against him and gain additional support for his 2024 presidential election campaign.
While Trump publicly shares most of his opinions on Truth Social, a social media platform owned by his media company Trump Media & Technology Group, Americans could see a return of Trump on Twitter and his callouts of people and companies.
Back in October 2012, Trump made a tweet that took on beverage giant Coca-Cola Co KO.
“The Coca Cola company is not happy with me — that’s okay, I’ll still keep drinking that garbage,” Trump tweeted.
The tweet came from Trump, who has been known as an avid soda drinker with reports suggesting he drinks as many as 12 cans of Diet Coke daily.
Years later, Trump would also take on Coca-Cola saying that his supporters should boycott the brand over the Georgia voting rights bill and the company’s stance.
While he may not be on the level of Jim Cramer and investors constantly betting against him, a pattern of investing when Trump goes against something could be an investment strategy.
In 2019, Trump took on Bitcoin BTC/USD and the cryptocurrency sector.
“I am not a fan of Bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” Trump previously said.
As shared by Benzinga, an investor who bought Bitcoin at the time of that tweet would be up over 141% in the last four years.
Another famous example of Trump calling out a company was a 2014 tweet taking on Apple Inc AAPL. Trump shares his frustration with the company’s iPhone smartphone.
“I predicted Apple’s stock fall based on their dumb refusal to give the option of a larger iPhone screen like Samsung. I sold my Apple stock,” Trump said at the time.
As noted by Benzinga, Apple shares are up over 900% in the last nine years since Trump’s tweet.
Related Link: Aspartame A Cancer Risk? Diet Coke, Pepsi Max And Diet Mountain Dew Could Be Impacted By New World Health Organization Ruling
Investing $1,000 in Coca-Cola Stock: Investors who chose to go against Trump at the time of his callout of Coca-Cola having a “garbage” product would have generated a positive return.
A $1,000 investment in Coca-Cola on Oct. 16, 2012, could have bought 36.95 shares, based on a split and dividend-adjusted price.
The $1,000 investment would be worth $2,175.62 today, based on a price of $58.88 for Coca-Cola stock at the time of writing. This represents a hypothetical return of 117.6% over the past 11 years.
When it comes to investing and advice on stocks like Coca-Cola and Apple, it would appear investors are better off listening to legendary investor Warren Buffett and less so the former president.
Read Next: Warren Buffett Turns 93: A Highlight For Each Decade Of His Life
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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