According to Sky News:
Biden to host star-studded fundraiser with Obama and Clinton to raise $25m
Barack Obama and Bill Clinton will join Joe Biden in a chat mediated by late-night talk show host Stephen Colbert at an event in New York City on Thursday.
The audience is expected to be enraptured by:
- Mr Obama talking about how to close a prison
- Mr Clinton providing advice on how to launder a stained item of clothing
- Mr Biden explaining the correct way to ascend aircraft steps
- Special guest Kamala Harris enlightening us on the new trend of 'unburdening'
A photograph with all three democratic luminaries will cost $100,000.
The fundraiser appears to be an attempt to deflect the success of former President Trump standing to earn billions from the recent public offering of his social media platform on the NASDAQ.
According to NPR, the public offering has been a huge success:
The surge in shares values the company at over $7 billion, even though it only had over $3 million in sales and lost nearly $50 million through the first nine months of last year.
The current valuation "is completely detached from any sort of fundamentals," said Julian Klymochko, founder and CEO of Accelerate Financial Technologies.
Klymochko called the windfall "a lottery ticket" for Trump.
"DJT is the mother of all meme stocks, where it's more of a political movement or just a speculative meme stock that's completely detached or unrelated to the underlying business fundamentals of Truth Social," he said.
No grubby, syncophantic TV chat show. No overpriced photos to hang in the bathroom. No VIP 'exclusive access' tickets.
Just naked exploitation of capitalism. Now that's the Art of the Deal!