Truth Social’s stock price appears to be making a slight rebound Wednesday after losing more than half of its peak value in the month of April. That’s a bit surprising considering the fact that the far right’s favorite meme-stock company has been exposed for buying into the woke ideology of DEI.
In Truth Social’s Corporate Governance Guidelines, as first spotted by MeidasTouch on Tuesday, there is a whole section touting the importance of diversity and inclusion at the company. The truth is, this all sounds kind of woke.
Additionally, the Board believes in and supports equal opportunity in employment to all persons and strongly encourages management to embrace the unique contributions an employee or candidate can bring to the Company and its culture in terms of their education, opinions, culture, ethnicity, race, sex, gender identity and expression, sexual orientation, nationality, color, religion, veteran’s status, disability and other life experiences. The Company does not tolerate sexual or other unlawful harassment or discrimination by any employee, volunteer, vendor, contractor, consultant, customer or visitor.
What’s next for Truth Social? Pronouns listed in employee bios?
DEI is the latest boogeyman for those on the far right of politics after they ran out of steam whining about Critical Race Theory for the past couple of years. Trump, on the other hand, hated DEI before it was cool when he was convinced to ban federal training on systematic racism and sexism, according to the ACLU.
Truth Social’s commitment to diversity is one of the few positive things the company has going for it. The company’s stock is trading for around $26 on Wednesday, a far drop from when it was valued at $71 on March 27. Trump has millions of shares in the company that are valued at $2 billion, according to Forbes.