Unfortunately, Trump will still likely come out much richer than he was before. It’s still nice to see.
Most people on their are just trolling Trump. I log in their every now and then to troll him. 😁
This was never more than a ploy to launder foreign money, it does feel pretty brazen for the CEO and COO to cash out before Trump.
It seems to me, all the bag holders should have grounds to sue them, I’m sure atleast a few of them will.
Usually the deals are supposed to have strick limits on selling for founders, high muckity mucks, and such at the time it goes public. This is why gates, musk, and a variety of others don’t just sell off. Well that and they own such a large amount it would tank it which is part of the reason for the limitations in contracts and such.
It seems to me, all the bag holders should have grounds to sue them, I’m sure atleast a few of them will.
Sure but they’ll have to balance that probably legitimate cause if action with the fact that they’ll likely get death threats from cult members for filing the suit.
I assume most of the bag holders are cult members who currently don’t believe Trump supporters send death threats. They’ll probably drop suit after being threatened.
“We are going to have a crash, and we’re going to have a crash like a 1929" I guess in some sense he was right.
well he did say he would bring grocery prices way down which is only possible if we have a massive, massive recession.
I’m still kicking myself for not buying this stock when it first came out. It would have been one of the easiest stocks to time properly. Now it’s useless.
Short it on the day Trump’s lockout ends.
I’d short it now but that’s a relatively high-risk play. You can lose a lot of money shorting and I don’t have that type of money to lose.
Dumping the stock as soon as possible was always the plan, this is just money laundering through an acquisition company.
i wonder what this will mean for the upcoming Truth streaming service
“What upcoming streaming service? We never said anything about a streaming service.”
“But if we did it would’ve been uuuuuge.”
Oh no! Not Tooth Sential!
That thing still exists lmao
My guess, the stock price was propped up by dodgy foreign donors. And he’s looking less and less like a worthwhile investment.
Less and less? They had revenue of 3 million with loss of like 30 million. With a 3 billion dollar market cap it makes no sense.
Pump and dump. Makes perfect sense.
+1
Never attribute to malice that which is adequately explained by wanting to make money.
Oh, they weren’t investing for a direct monetary return, I’m sure. Anyone with eyes could see Truth Social is a dumpster fire.
No, they were looking for political returns, and those are looking more and more risky.
They basically bought Trump bucks. They only have value if he wins.
Predictable if you’re not in a weird cult
everything king mierdas touches turns to caca. if you’re still getting fleeced by this wannabe con man, then i have less than zero sympathy
King Mierdas is so awesome!
king mierdas
I’ve heard a lot of nicknames for that man, but that one fits so perfectly, even going all the way back to his casino empire days.
The big question: will Trump himself pull the rug as soon as he’s legally allowed to?
There’s a rule that any question in a headline can be answered “No.” This is the rare exception when the answer is “No shit, of course he will.”
Trump can sell his 115 million shares on September 25th, everyone trying to get out before that happens.
Absolutely wild campaign finance workaround though. If he sells it all he’s still on track to get $1 billion or so. That’s his personal wealth, which can be contributed without limit to his campaign.
It’s insane to me that he could even cash out, who out there even thinks the stock is worth anything, especially when trump starts selling . With my lack of knowledge about the stock market it makes no sense there would be anything on the buying side.
It’s a way to donate money without donating money. Basically a money laundering scheme.
It is still about $2 billion at today’s price.
Good luck getting any of that for the campaign though. A billion of that goes to him. The rest goes to lawsuits.
If it goes down in value at the same rate as the last month or something, it’ll be ~$1 billion at the end of September. I forget the exact math but something like that.
What makes me happy is Margie TG bought shares in this dumpster fire. How’s your investment, you dipshit asshole shithead? Aww, Margie, don’t cry…
She also bought Crowdstrike stock just about a month before the global outage: https://www.thedailybeast.com/marjorie-taylor-greenes-latest-stock-splurge-may-be-conflict-of-interest
Couldn’t have happened to a nicer person… /s
This comment just made me feel really nice. Thanks for that wonderful news.
Haha no problem
The look on Trump’s face in that thumbnail clearly shows that he’s going to need a diaper changed shortly. Glad I’m not one of his handlers…
