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https://www.cnbc.com/2024/08/28/djt-trump-media-stock-falls-below-20-per-share-for-first-time.html
The deal would “guarantee access to additional capital, if necessary, to pursue big strategic opportunities as we look to build out our portfolio by acquiring assets and technologies in the Patriot economy,” Trump Media CEO Devin Nunes said in a July 3 press release
wtf is ‘the patriot economy’??
The Patriot economy is that made of the true, red-blooded Americans.
They are rustlers, cut throats, murderers, bounty hunters, desperados, mugs, pugs, thugs, nitwits, halfwits, dimwits, vipers, snipers, con men, Indian agents, Mexican bandits, muggers, buggerers, bushwhackers, hornswogglers, horse thieves, bull dykes, train robbers, bank robbers, ass-kickers, shit-kickers and Methodists.
Where the white women at?
So, cunts and Methodists?
Could you repeat that, Sir?
The economy of selling worthless things to cult members.
I recently approached a friend asking that they seriously consider whether we would have moral issues against getting in on the grift. There was that asshole who sold patriot beer for a huge, shitty markup when the budweiser thing happened. It wasn’t even good beer. I said that we could put in incredibly little effort and make money off these rubes. My logic was that they were going to purchase stupid products like that anyway, so why not get their money ourselves.
We went back and forth on it. We concluded that we’d only create products that 1. did no harm to marginalized groups and 2. would end up leading cultists to tell on themselves. We agreed to let the idea percolate to see if we thought there were good opportunities worth our time.
An example of telling on themselves might be a tshirt that says, “Guess I’m deplorable,” if it were 2016. We kicked around some contemporary phrasing. Nothing has been worth making the effort, so far.
I briefly considered doing the same. Ultimately I decided I didn’t want to take advantage of other poor people. Yes, they were probably going to spend their money anyway but I would have trouble sleeping for being part of the problem. You do you tho. I ain’t telling no one how to live
Honestly, I think this is just a call for all Trump fans to do with this stock what Reddit did with Game stop. Buy and hold until Trump can legally sell his shares and burn the stock to the ground.
wtf is ‘the patriot economy’??
Suckers.
‘Patriot economy’ just tested better in focus groups.
“The patriot economy” = laundering Russian and Saudi money
I’m more interested in wtf is a “Devin Nunes”?? Almost gives me cow vibes, but idk.
So when the timer runs out, will Trump sell his shares at a huge loss, or will the stock “magically” rally before he sells?
Sadly there is no loss for him real or on paper. He only donated his name and usage rights to the company, any actual value came from suckers, and other REP. grifters. Even if each share is a cent by the time he sells, it’s still just profit for him.
Now, if other shareholders could come together and agree that he acted against their interests, THEN he could conceivably lose money in a resulting suit.
Unless nobody buys and the company debts are more than assets. In which case its worthless and he bankrupts another company.
Currently its burning through a lot of money with minimal income, despite not developing their own software.
There would be justice if everyone got out before Trump could sell and left him holding the bag.
Even if he sold at $1 a share, he’s going to get far more than its worth out of it.
Yep. It’s just another scam. Someone has to want to buy it from him. Those people will be left with something worthless, and Trump will walk away with their money.
Not unlike how he’s made a lot of his other money.
lol
Trump owns nearly 59% of Trump Media’s stock. Even after losing much of its value, Trump’s stake at Wednesday’s stock price is still worth more than $2.2 billion — more than half of his on-paper net worth, according to Forbes.
Yea, I call bullshit on that.
Key word: on paper. No one besides Saudis and Putin will pay anywhere close to that amount
If he tries to sell any substantial portion of his holding, the price will crater.
Not if there’s a state actor or two to keep buying. I wonder who that would be…
Since the stock price is based on fee-fees, grift, bribery, and money laundering - there is absolutely no reason to think this is true.
But it won’t matter because he’ll have already sold. Well, it won’t matter to him.
He can’t just sell 2bn at once. They’re saying as he sold the price would naturally crater even without news getting involved.
Thats the best part! He can take out loans against that as collateral. Then when he inevitabley defaults and the banks finally acknowledge the collateral is worthless, we bail out the banks! Capitalism!
Wait until the weird orange felon cashes out as soon he can, leaving all his poor investors with worthless TS stock that they mortgages their mobile homes for.
There are 192M shares and an average daily volume of 5.5M.
There is no way Trump could sell 113M shares quickly, the stock would absolutely crater and the market would react.
But he can still borrow against the value of those shares.
That’s how these parasites afford all their private jets and other insane luxuries. They just pull out loans against the value of their stock holdings, pay accountants to make sure it’s never a problem, and essentially spend their money while keeping it too.
It’s insane, because they essentially never have to pay taxes on anything but their personal income, and then you have grifters like musk who don’t even take salaries and just live off the loans.
They’re only worth that if people buy the shares
Well his worth changes every day, just on how he feels alone!
Still $20 overpriced.
Still $40 over-valued
Buy in now in a month or so it’ll bounce at least a little and you’ll make slight profit
A month is when the lockup period for Trump ends. He may sell like 60% of the company.
Price ain’t gonna go up if the primary owner liquidates.
It will go up and then he will sell and it will go back down. It won’t go up when he sells. He’s going to get it to pump
that is what Devin Nunes is up to these days? What an insufferable urinal cake of a human.
How’s his cow, tho?
I’m salty I never bought any of this stock. It’s probably one of the easiest stocks to time properly to get a proper profit from. No use getting it now though, Trump killed it.
What a loser. I don’t want presidential candidates that can’t find growth in their companies. What a basement dweller. Sad.
But the lock-ups are set to expire as soon as Sept. 20, at which point Trump may choose to start selling his shares.
https://en.wikipedia.org/wiki/2024_United_States_presidential_election
The 2024 United States presidential election will be the 60th quadrennial presidential election, set to be held on Tuesday, November 5, 2024.
So he can start to dump it a month-and-a-half before Election Day.
This should be interesting.
I’d sort of imagine that if I were a True Believer who had put a lot of my money into Trump Media on the promise that Trump was going to make me rich, I might be a little irked if Trump bails out.
I seriously doubt almost any of the goons or money launderers or bribers that bought the stock have done so thinking they’ll make much - or any - money.
It’s going to be a race to the bottom as we approach 9/20. If he keeps tanking in the polls (he will) then so will the stock price.
