Chapter 11 is Donny’s favorite number:
Taj Mahal, Trump University/Castle/Shuttle/Steaks/Vodka/Ice/Magazine, and now Trump Media.
He’s just gonna dump the stock and make out like bank leaving the rest to flounder.
I think there’s a lock out period for him following the merger but I don’t know for how long. There’s still time for the stock (DJT) to plummet, with any luck.
6 months. From April I think, so that would mean he can sell in October.
The share price is absurd. Idiots buying because they want to support trump somehow. The shares are worthless but hapless idiots will pay stupid prices for them.
He will start selling as soon as he can. I expect there will be a steady downward trajectory but who knows how fast and how low.
It’s definitely not retail investors. The entire thing very obviously a back channel for the mob and Russians to pay Donald Trump for various things by propping up the share price.
Trump hotel 2.0. With less expenses.
Which means there be a massive pump in September/early October and then dump
I don’t think it will be quite so pronounced. Trump has a majority holding so he will have to drop comparatively small holdings whenever he can do so without tanking the price.
Easiest shorting money I ever made.
Foreign governments are certainly propping up shares.
It was a few months, but I think it’s about to expire.
Wow, you actually read Art of the Deal ?
I think he keeps bankrupting his companies so that he can update the list of his businesses in the book, creating new editions every few years. If you have an old copy, just burn it because the new ones are so much better with the newest info. In fact, after burning the old one, wait a bit for the new one to drop. He’s clearly getting ready to update the new one with DWAC and Trump Media.
Even Trump never read that piece of shit.
Excuse me! Trump Vodka, the world’s finest super premium Vodka, still exists in Israel!
It’s so fitting. Vodka is the cheapest alcohol you can make. It’s basically watered down ethanol. Overpriced vodka is so on-brand for a Trump. And he still couldn’t make a profit.
I wonder why it still exists in Israel. I bet he sold the rights to it there and has nothing to do with the business.
You mean advertisers aren’t climbing all over themselves to buy spots on it? Maybe the new streaming service will save the day.
/s
He could try suing companies for not running ads. It seems to be working for Elon.
I’d heard that he was going to do that, but is he and it’s working!?
Depends on how you define “working”.
He managed to kill a non-profit that advised not advertising on Xitter because it’s a racist shithole. I don’t think it’s gonna bring back any advertisers, but with the help of a pet Texas judge he’s SLAPP suing his detractors out of existence.
One could argue that the non profit has largely done its job at this point so it’s only a symbolic victory.
wait what?? i havent heard of this?
Yeah, Musk blamed GARM for advertisers “boycotting” X so he sued them then they disbanded. Of course, Mush and Yaccarino are strutting about like roosters apparently not realizing how obvious this suit makes it that you do business with X at your own peril.
He just filed the lawsuit in the last few days. Too early to tell if it’s working, but many legal experts are laughing at it.
doesnt he have a 450m bill due soon?
e. just checked, not til after an appeal in sept.
Iirc they only brought in like 300k in revenue. Somebody fact check me but it was definitely between 300k-400k in revenue. So that net loss is fucking insane.
Another example of his awesome business skills that he’ll be able to transfer to running the government. \s
Just hang in there guys and keep spending. Remember it takes all the money to make all the money 💰💰! Wink wink.
That’s a lot of losses for someone who only cosplays as a billionaire
And not a single one of his unbelievably stupid fans will sell their stock in it until he cashes out in a couple months. The absolute first second he’s allowed to sell his stake, that shit’s going to crater hard with all his Stans losing their life savings.
The real treasure was all the grifts he did along the way.
Personally, I love this for ALL of them.
I’m not usually this petty, but… haha, get fucked
When is he allowed to sell his stake? I seem to recall there was a time limit after going public.
As soon as he sells it’s going to signal that he is done with the platform to all his “investors”, and will likely trigger a selloff until it craters and his base loses their money (not good to do until at least after the election).
You make a good point, and yet I wouldn’t be shocked if many people were still rabid fans even if he sold it at their expense. There’s a lot of weird idolization around him, and seems like the kind of thing many of his fans would laud as his great business acumen, ignoring the negative impacts it had on them.
Yeah but then he might be left unable to cash in on this grift. Though it will make his coup harder to pull off if his followers hate him. Could go either way.
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Would anyone with enough money to afford it be interested in owning that sinking ship?
Loser.
Wow, what a loser.
Need Riker playing
sad violinup in hereEdit: it’s playing a sour note
Edit #2:
Hmm best I’ve got is a video of a biker playing a violin: https://m.youtube.com/watch?v=rK4J-GM5Mw0
I am sad I wasn’t able to find Riker playing a violin though, now I need Riker playing a sad saxophone up in here.
@FlyingSquid@lemmy.world usually has the Riker trombone queued up.
This doesn’t feel Rikery enough. Trump is still going to make a shitload of money from this.
That’s fair! I just like to call you when people are looking for Riker.
Always appreciated.
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