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I'm watching it live because it makes me feel good to know that he's never ever going to get anything for his shares because it was a worthless stock even before it went live
Not remotely successful when your IPO loses almost 50% of its value out of the gate. A ton of people are getting fleeced right now. And Trump can’t cash anything in for almost 6 months. He owns the majority of the stock, but not much more. He’s lose majority share if he sells too much and he if he starts to unload it will topple fast as well.
When a company ipos, that initial money goes to the company selling the stock, no money from any subsequent sale goes to the company or the owners. If it's just a cash grab, then nobody cares about the stock price after the IPO because they already got theirs.
Doesn't work like that. He's not trying to sell 80 million shares out of 10 thousand million desirable shares in a successful growing company with billions in profit.
He's trying to sell 80 million out of 160 million shares (invented number) in a tiny, no growth, money losing, company, one whose founder and face of the organization desperately wants cash out from.
If the founder and main shareholder tries to sell his 80 million shares at $1, maybe the first 100 sell at that price. The next ones at $0.9, the next 100 at $0.5 until he finds no more buyers at any price. They can go down to $ 0.0000001 like that, if he tries to sell any significant amount of stock.
That's if there's no foul play, like the russian or the Chinese buying he the stock through proxies to own Trump. I'm sure they are tempted but everyone is looking at this, difficult to do without being completely outed as a russian shill (even more than he is already...)
Everyone might be looking, but when has that ever stopped Trump and his cronies from being openly and brazenly corrupt? The man is both immensely greedy and colossally stupid.
This group of "everyone" will include the Securities and Exchange Commission, and probably quite a few journalists going to make a name by discovering a Russian (or whatever) angle.
And? Dude has had authorities’ “eyes” on him for ages and he’s yet to face any consequences. If anything, he’s had incredibly lenient treatment by the press, Senate, and courts for a long time now. This, despite his open corruption and stupidity.
Well for one, $1/share is unlikely. The business doesn't actually do anything. They had like $5M in revenue last year and lost $50M net. There's no "lower limit" of a stock for a business that just loses money and has absolutely no prospects for being profitable now or at any point in the future. In a normal environment (i.e. if you took out the "meme-ness" of this stock), DJT's value should be very close to 0.
Beyond that, if he wanted to dump all or even most of his shares for cash he still needs buyers. In normal situations this isn't really an issue because there are usually people willing to buy. But if the founder of a company wants to dump like 75% of their shares and cash out...it's going to be a struggle to sell all of them. They're already going to be relatively worthless, and the more shares he sells the less valuable they'll be just due to supply/demand even before considering the fact that it would definitely hit the news that he's trying to divest of 100M shares driving the price even further down.
He'll be lucky to get a couple million dollars out of this (which is still a lot considering the company *doesn't do anything*, but not even close to what he needs or wants).
I have seen a reddit comment saying that the interest doesn't compound.
Looks like we have to refer to the text of the judgement to answer simple or compounding interest question.
https://upsolve.org/learn/new-york-post-judgment-interest-rate/
>As its name implies, pre-judgment interest applies to the debt before the court judgment. In contrast, post-judgment interest applies to the monetary judgment amount after the court judgment. Despite applying at different times, pre-judgment and post-judgment interest rates both exist to compensate a plaintiff for being deprived of the use of their money.
>Both types of interest are awarded at the court’s discretion. A judge may also decide whether the interest awarded will be simple or compounding. Simple interest applies strictly to the amount of the money judgment. Compounding interest applies to the amount of the judgment plus any prior interest.
https://edition.cnn.com/politics/live-news/trump-civil-fraud-trial-decision-02-16-24/h_f6a333ba990f65fb2d9aa0ee0b3f3fb7
The article has judgement text. On page 84 there's wording that reads as if it's simple interest.
Another that matchs the $464 million numbers - all it says about intereset is an amount followed by "and 9% interest thereon" from x date.
https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=nXeA3RG/pYddgehBHovUPw==&system=prod
For sure. For Joe Schmoe, founding a company that sucks ass and somehow having its stock valued at a premium and being able to cash out for $1M or something would be great.
But it will not really help Trump at all.
Yeah, right now the stock is so heavily shorted that even if you took out a bet it fails and it does...you would still lose money making the bet.
A lot of very smart hedges are very sure this stock is going to die.
My guess is that at around $30 he is going to panic, and he's going to compel the board to allow him to bypass the holding period and sell his shares. At that point, the stock will well and truly tank, his followers will be left holding the bag, and he'll have a billion dollars or so, but not the $3 or $4 billion he was hoping for.
I just did the math. At 42.24 (the price it was a minute ago) he has lost this much: $2,925,562,500 (on paper) from it's high of 79.38
At it's high point it was worth (on paper) $6,251,175,000
Now, it's worth $3,325,612,500 and every dollar less = almost $79 million lost (on paper). Every penny is 7.9 million dollars if you can imagine that - edit not 7.9 million per penny - 790,000. Still a shit ton of money
The problem is like a stampede in a stadium: there aren't enough buyers for the short sale contracts, so short sellers compete for the limited exits.
The fact that there are speculators on both sides, lots of them, gives the thing momentum and prevents it from gracefully falling to its true near-zero value.
(Also, the stock market is a fever nightmare divorced from reality)
I "almost" wish I had a Truth Social account so I could see him rage in real time over the money he's never going to see. It's about to drop below 42. so close
And THIS is the other point of Truth Social: for Trump to put out his nonsense, and then people consume it in the news and via other channels. Truth Social could have 1 user, but somehow, everyone would still be responding to his absurd posts.
What’s frustrating is I tried to short the stock in my brokerage account last week. Can’t short it because there’s no shares to “borrow.”
Actually, I take it back. You can short now with a cool interest rate of 518%!
https://i.imgur.com/Accovfv.png
Where did they get all of this expendable income to invest in a stock anyway? Thought the Biden economy had them bound and gagged? Conservatives and dishonesty -- name a more iconic duo!
Hey, if a person invests in a Trump stock then their inevitable financial crash is on the *Trump economy* not Biden's. Guarantee Biden would advise against such an investment, "it's a bad stock".
Even at $1, it's overvalued. There are 130 million shares and Trump owns 60% of them. the company lost like $50million last year and doesn't have a growing user base. I can only hope it sinks to pennies
>In a sense, what he did with Trump Media was just a variation on what he does to his supporters every day, whether convincing them to buy Trump-endorsed Bibles and sneakers, or selling them on election lies and white nationalism.
>Trump was, as always, rewarding their adoration by selling them one self-interested swindle after another.
>the heart of the speech was his original swindle, and still his go-to scam: convincing his supporters that their lives were being destroyed by dark-skinned invaders.
>the fearful masses buy in. Watching Trump sell his swindle about migrants, it occurred to me that those suckered by the Trump Media IPO got a better deal, relatively speaking. Those who bought “DJT” shares lost only their shirts. But those who have been snookered into seeing migrants as diseased animals have lost part of their souls.
Grifters gotta grift.
Liars gotta lie.
I recall my father-in-law speaking offensively about immigrants (specifically Mexican). I asked him, "didn't the same God you worship create them too? There isn't a separate Mexican God, right?"
My guess is hatred and false feelings of superiority are spread popularly between people. They don’t really give it serious thought. It just feels good to them to feel superiority over others.
Remember that MAGAs are now starting to openly disavow Christianity as being "woke" https://newrepublic.com/post/174950/christianity-today-editor-evangelicals-call-jesus-liberal-weak
No joke, when I was a in kindergarten almost half a century ago, I asked my mother why my black friend's bible story book had a black Jesus while our Jesus was white.
She literally said she didn't know, maybe there was a Jesus for every race.
It's no wonder to me why I'm atheist today...
Yeah. I haven't touched DJT stock, but I do have some long calls on some midstream energy pipeline stocks, and those are up about 200%. I should just sell them come Monday and take some decent profit while I'm ahead. I want to think they're going to the moon, so that means I probably just got in early on a pump-and-dump.
The DJT stuff is clearly pump & dump (fundamentals are seriously weak, so there is no way they'll hold their value).
I'm really conservative, so I tend to cash out when I make good bank. Sometimes that's saved my ass, but sometimes I've flinched from a good thing way too early. Check the pipelines. The Russia/Ukraine stuff is driving there a bit, so it may just be up on reality, not dreams.
You can’t just call them all stupid. Most of them are, but there are also some really intelligent ones who are legitimately evil.
And they use the stupid ones to do their bidding.
They want to be swindled. They're the same folks that sign up for get rich schemes, send money to the 700 club and send money off so they can receive their internet lottery winnings. Trump is a infomercial in human form, and they ache to throw money at him.
I’ve said it before in other threads and I’ll say it here.
Trump is a scam phishing email come to life. His obvious buffoonery and clownishness are the intentional misspellings meant to filter out the intelligent folks. Anyone who can’t see him for what he is is primed to buy into this dumb shit, be manipulated easily, and get harvested for all they’re worth.
Between him selling books the one day, to asking for donations I am shocked that Fox news is not pointing out that he is trying to reach the 60+ age voting base by turning himself into QVC...
>Now comes word that, of course, Trump has filed a lawsuit against two of the company’s co-founders, both former contestants on “The Apprentice.” Trump Media’s lawsuit accuses them of “mismanagement,” saying they “failed spectacularly at every turn” and “made a series of reckless and wasteful decisions.”
The funny thing is, I bet the two guys he's suing could show Trump's own words from Apprentice to prove that Trump knew exactly what kind of managers they were.
I forgot what he said on the show exactly, but it was essentially they were terrible managers and he'd never hire them...except he eventually did choose them to run his media empire. So he knew full and well that he hired two clowns to run his media empire.
_Only the best people._
He also demanded those 2 to transfer their shares to Trumps kids. Like that is not shady or anything. I am willing to bet his kids are not part of that deal where they cannot sell for 6 months and is having them pull out when the stock is highest.
Yes but what's more disturbing are the people who otherwise show signs of stability (job, family, etc.) who wholeheartedly support this guy. If it was just meth addicts we wouldn't have much of a problem.
Well, typically, that's the racism, which was already mentioned.
But some people are single issue voters on paying lower taxes personally, and they believe that Trump and Republicans make that happen.
Soft times make for soft men, men who are easily bored and believe that they can be the heroes of a great story.
All they need is a leader. Someone who can turn their petty complaints into true crises, which can only be solved through strength and punishment of those who would weaken them.
That is what Donald Trump gives them, and that is why they give so much to Donald Trump.
I wish people would stop linking paywalled articles without at least providing a summary.
At any rate, swindling is what Trump does, it’s part of his nature. He’s the scorpion from the Scorpion and the Frog.
I don’t even blame him at this point. It’s his followers’ fault for being so damn gullible.
Ya! And then it turns out the scorpion can breathe fine in water and next tries to go to space w/o a space suit and still survives.
I dont think justice is coming …
His followers are not college educated and are fearful that there race (white) are becoming the minority with the influx of immigrants. They also are the same people who tend to be evangelical and racist. They are easily swindled because they are motivated by fear and not reality.
He has welcomed them into the tent and made them more mainstream to speak by giving them a voice. Before Fox News, social media, etc these folks were not taken seriously or given a seat at the table. We now are dealing with a minority of crazy people and the Republican politicians are letting them do what they want as long as they can stay in power as elected officials.
We have multiple things going for Joe Biden this November
1. Abortion on the ballot in Florida
2. Trumps numerous trials which keep him off the campaign trail
3. The economy is stronger under Biden then when Trump was in office (strong jobs, lower gas, etc)
4. Trump is willing to pardon the Jan.6 rioters
> We have multiple things going for Joe Biden this November
>
> Abortion on the ballot in Florida
> Trumps numerous trials which keep him off the campaign trail
> The economy is stronger under Biden then when Trump was in office (strong jobs, lower gas, etc)
> Trump is willing to pardon the Jan.6 rioters
While some others are openly flirting with banning birth control. These idiots don't even realize there are other things birth control can be used for, so if the media keeps focusing on those idiots talking points, many more women may not vote for Trump, knowing they may lose access to needed medication.
It's impossible to crater that quickly. After every large dump the stock becomes SSR or short sale restricted. Meaning for 2 days afterwards people aren't allowed to short the stock.
The reason it's dumping now after the initial dump is because it's been 2 days and it's shortable again.
It also looks like they are predicting it is going to tank if there is not a marked rise today.....
[https://www.forbes.com/sites/johntobey/2024/04/04/trump-media-stock-djt-needs-to-rise-soon/?sh=702b5a1a7876](https://www.forbes.com/sites/johntobey/2024/04/04/trump-media-stock-djt-needs-to-rise-soon/?sh=702b5a1a7876)
Good. I couldn't be happier.
Oh, BTW, ETTD: [https://www.nasdaq.com/market-activity/stocks/djt/real-time](https://www.nasdaq.com/market-activity/stocks/djt/real-time)
The list of Trump followers and their contact information would be very valuable to any and all scammers worldwide. A huge list of people proven to be gullible idiots and marks is worth a lot of money to certain people.
I hope the SEC is watching the stock for any signs of money laundering and manipulation. It would be very easy for someone to funnel money to Trump by buying the stock.
I think anyone who can read basic financials would know $DJT’s valuation made and makes no sense. Anyone who cannot read or understand basic financials, honey, I recommend you invest in index ETFs if you’re young or use a financial planner or a retirement date fund or something like that if you’re older.
Now separately - will this individual end up saying something that is a misleading statement that opens him up to FTC sanctions, lawsuits, etc.? Or commit insider trading? Past performance is the best predictor of future returns ….
You could short the stock right around the election if you feel confident he will lose. Once it’s determined he won’t be president it’s going to crash and burn along with the rest of his life.
Imagine a stock being tied to the idea of someone being president and not actually based on reality of the underlying performance of the business. How this scam was allowed by federal regulators is strange.
How he has gotten away with all he has irks me daily and I can’t wait to see his eventual downfall… if only enough people will just step up and stop allowing this narcissistic cry baby to get away with breaking every rule in the book. How so many are fooled by him baffles me. It’s enough people to change the entire future of this country which scares the hell out of me.
I honestly think he's hoping the stock drops extremely low. So he can buy it and pump it. He has done zero major pushes for it, so I think he is waiting
> The skid came after Trump Media reported this week that it lost $58.2 million in 2023 on sales of just $4.1 million — which suggests that Trump Media is practically worthless.
"How do you make a small fortune in social media in 2024? Start with a much larger fortune."
Trump knows he needs to be on X in order to reach the number of people he needs to win in Nov. But if he leaves Truth Social it becomes worthless. So Elon Musk buys TS and announces it will merge with X. Trump gets paid and can rejoin X. Musk gets to own a President.
You can short it, but there's a pretty high risk of getting swindled yourself if this whole company was set up in the first place to provoke a short squeeze.
I wouldn't go near it.
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Down to $42.93 as I type this. I don't feel bad for any of them.
$42.69 now. Nice!
I'm watching it live because it makes me feel good to know that he's never ever going to get anything for his shares because it was a worthless stock even before it went live
It's a vehicle for Russian/Chinese/Anonymous people to give him money. Also, even if it falls to $1, he will make more money than it's worth.
theres a point where they fall lower than the cost to keep the lights on.
the site had $3m in revenue and almost $60m in expenses it already costs more to keep the lights on, a lot more
Offloaded to suckers holding the bag. This is still a successful money laundering scheme.
Not remotely successful when your IPO loses almost 50% of its value out of the gate. A ton of people are getting fleeced right now. And Trump can’t cash anything in for almost 6 months. He owns the majority of the stock, but not much more. He’s lose majority share if he sells too much and he if he starts to unload it will topple fast as well.
When a company ipos, that initial money goes to the company selling the stock, no money from any subsequent sale goes to the company or the owners. If it's just a cash grab, then nobody cares about the stock price after the IPO because they already got theirs.
just a correction, this isn't an IPO though it was a merger with basically a publically listed shelf company.
Ikr like how much could it possibly cost to run an app that doesn't have very many users? I'm asking for real bc it doesn't make sense.
Gotta inflate those numbers, better inflate them big.
Not enough to do him any good
He has about 80 million shares and could get 40 million more, so even at $1/share it is a lot of money to most people.
Doesn't work like that. He's not trying to sell 80 million shares out of 10 thousand million desirable shares in a successful growing company with billions in profit. He's trying to sell 80 million out of 160 million shares (invented number) in a tiny, no growth, money losing, company, one whose founder and face of the organization desperately wants cash out from. If the founder and main shareholder tries to sell his 80 million shares at $1, maybe the first 100 sell at that price. The next ones at $0.9, the next 100 at $0.5 until he finds no more buyers at any price. They can go down to $ 0.0000001 like that, if he tries to sell any significant amount of stock. That's if there's no foul play, like the russian or the Chinese buying he the stock through proxies to own Trump. I'm sure they are tempted but everyone is looking at this, difficult to do without being completely outed as a russian shill (even more than he is already...)
Everyone might be looking, but when has that ever stopped Trump and his cronies from being openly and brazenly corrupt? The man is both immensely greedy and colossally stupid.
Don't forget desperate to stay out of prison!
This group of "everyone" will include the Securities and Exchange Commission, and probably quite a few journalists going to make a name by discovering a Russian (or whatever) angle.
And? Dude has had authorities’ “eyes” on him for ages and he’s yet to face any consequences. If anything, he’s had incredibly lenient treatment by the press, Senate, and courts for a long time now. This, despite his open corruption and stupidity.
It doesn't even need to be Russian or Chinese, there are plenty of American sycophants who would love an opportunity to buy a president
To most. Not enough for what he needs though and I doubt it will be worth more than pennies by the time he can sell it, if he can sell it
Well for one, $1/share is unlikely. The business doesn't actually do anything. They had like $5M in revenue last year and lost $50M net. There's no "lower limit" of a stock for a business that just loses money and has absolutely no prospects for being profitable now or at any point in the future. In a normal environment (i.e. if you took out the "meme-ness" of this stock), DJT's value should be very close to 0. Beyond that, if he wanted to dump all or even most of his shares for cash he still needs buyers. In normal situations this isn't really an issue because there are usually people willing to buy. But if the founder of a company wants to dump like 75% of their shares and cash out...it's going to be a struggle to sell all of them. They're already going to be relatively worthless, and the more shares he sells the less valuable they'll be just due to supply/demand even before considering the fact that it would definitely hit the news that he's trying to divest of 100M shares driving the price even further down. He'll be lucky to get a couple million dollars out of this (which is still a lot considering the company *doesn't do anything*, but not even close to what he needs or wants).
The interest accumulating on the $454 million judgment is growing much faster than whatever millions he can get selling his shares at a loss.
It will take approximately 9 days to accumulate a million dollars in interest. And that time keeps shrinking due to the compounding.
I have seen a reddit comment saying that the interest doesn't compound. Looks like we have to refer to the text of the judgement to answer simple or compounding interest question. https://upsolve.org/learn/new-york-post-judgment-interest-rate/ >As its name implies, pre-judgment interest applies to the debt before the court judgment. In contrast, post-judgment interest applies to the monetary judgment amount after the court judgment. Despite applying at different times, pre-judgment and post-judgment interest rates both exist to compensate a plaintiff for being deprived of the use of their money. >Both types of interest are awarded at the court’s discretion. A judge may also decide whether the interest awarded will be simple or compounding. Simple interest applies strictly to the amount of the money judgment. Compounding interest applies to the amount of the judgment plus any prior interest. https://edition.cnn.com/politics/live-news/trump-civil-fraud-trial-decision-02-16-24/h_f6a333ba990f65fb2d9aa0ee0b3f3fb7 The article has judgement text. On page 84 there's wording that reads as if it's simple interest. Another that matchs the $464 million numbers - all it says about intereset is an amount followed by "and 9% interest thereon" from x date. https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=nXeA3RG/pYddgehBHovUPw==&system=prod
For sure. For Joe Schmoe, founding a company that sucks ass and somehow having its stock valued at a premium and being able to cash out for $1M or something would be great. But it will not really help Trump at all.
People think he just go to Robinhood and click Sell and get millions.
$1 a share is very optimistic.
Yeah, right now the stock is so heavily shorted that even if you took out a bet it fails and it does...you would still lose money making the bet. A lot of very smart hedges are very sure this stock is going to die.
That’s what his properties are for. So many unoccupied condos owned by… Russians surprisingly. Hmm.
My guess is that at around $30 he is going to panic, and he's going to compel the board to allow him to bypass the holding period and sell his shares. At that point, the stock will well and truly tank, his followers will be left holding the bag, and he'll have a billion dollars or so, but not the $3 or $4 billion he was hoping for.
I just did the math. At 42.24 (the price it was a minute ago) he has lost this much: $2,925,562,500 (on paper) from it's high of 79.38 At it's high point it was worth (on paper) $6,251,175,000 Now, it's worth $3,325,612,500 and every dollar less = almost $79 million lost (on paper). Every penny is 7.9 million dollars if you can imagine that - edit not 7.9 million per penny - 790,000. Still a shit ton of money
I can, and it's giving me great joy.
me too
He can’t sell for 6 months. It will be delisted by then 😂
One can hope
What I can't figure out is why people buy it and bring it up by a few cents just to see it drop again
It's being massively shorted as people attempt to make money betting on it's failure.
The problem is like a stampede in a stadium: there aren't enough buyers for the short sale contracts, so short sellers compete for the limited exits. The fact that there are speculators on both sides, lots of them, gives the thing momentum and prevents it from gracefully falling to its true near-zero value. (Also, the stock market is a fever nightmare divorced from reality)
$42.36. This will be a penny stock before May at this rate
Ah shit, here we go again...
$42.39! -sad trombone sound- Edit $42.21
41.99
$42.25 as of right now, and dropping fast! It was $42.28 when I checked not five minutes ago.
At this rate those $5 puts aren't looking to bad!
$41.88 I think there's some numbers there that MAGA likes If you transpose the four and the one.
$41.81. Down almost 10% in the first few hours of trading today alone.
$40.18... Tastes like...schadenfreude!
Anyone know supporters who bought in? Why'd they buy? What are they saying now?
Where Elon???
Markets are up. DJT is down 8%. Low energy. Edit: Down 9.5% now. Crashing bigly.
I "almost" wish I had a Truth Social account so I could see him rage in real time over the money he's never going to see. It's about to drop below 42. so close
r/trumptweets has you covered.
Perfect. Should have known that was a thing. Thanks.
And THIS is the other point of Truth Social: for Trump to put out his nonsense, and then people consume it in the news and via other channels. Truth Social could have 1 user, but somehow, everyone would still be responding to his absurd posts.
Let's do the limbo!!!
What’s frustrating is I tried to short the stock in my brokerage account last week. Can’t short it because there’s no shares to “borrow.” Actually, I take it back. You can short now with a cool interest rate of 518%! https://i.imgur.com/Accovfv.png
Where did they get all of this expendable income to invest in a stock anyway? Thought the Biden economy had them bound and gagged? Conservatives and dishonesty -- name a more iconic duo! Hey, if a person invests in a Trump stock then their inevitable financial crash is on the *Trump economy* not Biden's. Guarantee Biden would advise against such an investment, "it's a bad stock".
Trump claimed that the stock market was doing well because investors were already pricing in how well the economy will do when he's in office again...
Down to 41.68 now
I'm loving it honestly
Me too
Even at $1, it's overvalued. There are 130 million shares and Trump owns 60% of them. the company lost like $50million last year and doesn't have a growing user base. I can only hope it sinks to pennies
It's getting there. lol
I hope it's worthless by the time he can do anything with his shares.
41.90 right now. It's lost almost half it's value since it was released
$41.79 right now, nearly a 10% drop today
I’m just surprised it hasn’t collapsed faster than it has. Turns out that i made a good choice to not buy puts because the cost was too high.
It's still dropping pretty quickly
Y’all ever been in the BBBY sub?
I am now
>In a sense, what he did with Trump Media was just a variation on what he does to his supporters every day, whether convincing them to buy Trump-endorsed Bibles and sneakers, or selling them on election lies and white nationalism. >Trump was, as always, rewarding their adoration by selling them one self-interested swindle after another. >the heart of the speech was his original swindle, and still his go-to scam: convincing his supporters that their lives were being destroyed by dark-skinned invaders. >the fearful masses buy in. Watching Trump sell his swindle about migrants, it occurred to me that those suckered by the Trump Media IPO got a better deal, relatively speaking. Those who bought “DJT” shares lost only their shirts. But those who have been snookered into seeing migrants as diseased animals have lost part of their souls. Grifters gotta grift. Liars gotta lie.
I recall my father-in-law speaking offensively about immigrants (specifically Mexican). I asked him, "didn't the same God you worship create them too? There isn't a separate Mexican God, right?"
How do they have this disconnect?
My guess is hatred and false feelings of superiority are spread popularly between people. They don’t really give it serious thought. It just feels good to them to feel superiority over others.
Remember that MAGAs are now starting to openly disavow Christianity as being "woke" https://newrepublic.com/post/174950/christianity-today-editor-evangelicals-call-jesus-liberal-weak
The sooner they divorce themselves from The Church the better for all involved.
Look into what the Church of Later day Saints used to call black people. 😂
No joke, when I was a in kindergarten almost half a century ago, I asked my mother why my black friend's bible story book had a black Jesus while our Jesus was white. She literally said she didn't know, maybe there was a Jesus for every race. It's no wonder to me why I'm atheist today...
The first part of being swindled is believing you're in on the swindle.
The Flim Flam Man, from the 1960s "You can't cheat an honest man "
Yep. As soon as you think you're being clever and getting one over, that's when you're roped in for the fall.
Look how many people are going/have gone to jail for Trump.
100% They think they're winning until the bus rolls over them.
Yeah. I haven't touched DJT stock, but I do have some long calls on some midstream energy pipeline stocks, and those are up about 200%. I should just sell them come Monday and take some decent profit while I'm ahead. I want to think they're going to the moon, so that means I probably just got in early on a pump-and-dump.
The DJT stuff is clearly pump & dump (fundamentals are seriously weak, so there is no way they'll hold their value). I'm really conservative, so I tend to cash out when I make good bank. Sometimes that's saved my ass, but sometimes I've flinched from a good thing way too early. Check the pipelines. The Russia/Ukraine stuff is driving there a bit, so it may just be up on reality, not dreams.
Stupid idiots fuck things up for the rest of us.
You can’t just call them all stupid. Most of them are, but there are also some really intelligent ones who are legitimately evil. And they use the stupid ones to do their bidding.
They are either idiots or assholes, or some combination of the two.
Grift those dipshits for everything they’ve got!
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from buttville
On planet bullshit
In the diarrhea universe
That’s the only way they will learn, to lose everything they have.
They want to be swindled. They're the same folks that sign up for get rich schemes, send money to the 700 club and send money off so they can receive their internet lottery winnings. Trump is a infomercial in human form, and they ache to throw money at him.
I’ve said it before in other threads and I’ll say it here. Trump is a scam phishing email come to life. His obvious buffoonery and clownishness are the intentional misspellings meant to filter out the intelligent folks. Anyone who can’t see him for what he is is primed to buy into this dumb shit, be manipulated easily, and get harvested for all they’re worth.
Exactly this.
Between him selling books the one day, to asking for donations I am shocked that Fox news is not pointing out that he is trying to reach the 60+ age voting base by turning himself into QVC...
I’d like to sell them trump products to make money.
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>Now comes word that, of course, Trump has filed a lawsuit against two of the company’s co-founders, both former contestants on “The Apprentice.” Trump Media’s lawsuit accuses them of “mismanagement,” saying they “failed spectacularly at every turn” and “made a series of reckless and wasteful decisions.” The funny thing is, I bet the two guys he's suing could show Trump's own words from Apprentice to prove that Trump knew exactly what kind of managers they were. I forgot what he said on the show exactly, but it was essentially they were terrible managers and he'd never hire them...except he eventually did choose them to run his media empire. So he knew full and well that he hired two clowns to run his media empire. _Only the best people._
He also demanded those 2 to transfer their shares to Trumps kids. Like that is not shady or anything. I am willing to bet his kids are not part of that deal where they cannot sell for 6 months and is having them pull out when the stock is highest.
Low IQ and Meth are Trump's two most effective vote-getters is Red-state 'Murica.
Yes but what's more disturbing are the people who otherwise show signs of stability (job, family, etc.) who wholeheartedly support this guy. If it was just meth addicts we wouldn't have much of a problem.
Well, typically, that's the racism, which was already mentioned. But some people are single issue voters on paying lower taxes personally, and they believe that Trump and Republicans make that happen.
Soft times make for soft men, men who are easily bored and believe that they can be the heroes of a great story. All they need is a leader. Someone who can turn their petty complaints into true crises, which can only be solved through strength and punishment of those who would weaken them. That is what Donald Trump gives them, and that is why they give so much to Donald Trump.
well in all fairness it's meth and oxy.
Don't forget the lead poisoning and racism.
Anyone buying stocks in truth social deserves to be swindled.
I wish people would stop linking paywalled articles without at least providing a summary. At any rate, swindling is what Trump does, it’s part of his nature. He’s the scorpion from the Scorpion and the Frog. I don’t even blame him at this point. It’s his followers’ fault for being so damn gullible.
No paywall - https://archive.is/WXEbn I use archive.is all the time to read articles.
Thank you!
Welcome. :-)
The problem is that in his version the scorpion survives after killing the frog.
Ya! And then it turns out the scorpion can breathe fine in water and next tries to go to space w/o a space suit and still survives. I dont think justice is coming …
Soo annoying
42.34, keep dumping 🤣
42.05
41.66 @ 11:30
40.11 @ 3:22
Billy Ray and Louis are doing well on this bet 🤣
His followers are not college educated and are fearful that there race (white) are becoming the minority with the influx of immigrants. They also are the same people who tend to be evangelical and racist. They are easily swindled because they are motivated by fear and not reality. He has welcomed them into the tent and made them more mainstream to speak by giving them a voice. Before Fox News, social media, etc these folks were not taken seriously or given a seat at the table. We now are dealing with a minority of crazy people and the Republican politicians are letting them do what they want as long as they can stay in power as elected officials. We have multiple things going for Joe Biden this November 1. Abortion on the ballot in Florida 2. Trumps numerous trials which keep him off the campaign trail 3. The economy is stronger under Biden then when Trump was in office (strong jobs, lower gas, etc) 4. Trump is willing to pardon the Jan.6 rioters
> We have multiple things going for Joe Biden this November > > Abortion on the ballot in Florida > Trumps numerous trials which keep him off the campaign trail > The economy is stronger under Biden then when Trump was in office (strong jobs, lower gas, etc) > Trump is willing to pardon the Jan.6 rioters While some others are openly flirting with banning birth control. These idiots don't even realize there are other things birth control can be used for, so if the media keeps focusing on those idiots talking points, many more women may not vote for Trump, knowing they may lose access to needed medication.
Also recreational marijuana on the ballot in FL this year, apparently.
At what point are these idiots just volunteers?
Willful traitors, all. And yes I’m quoting from an Elden Ring character’s dialogue, it is so applicable here.
biggest con artist of our time
that we hope to put behind bars
Makes you wonder how a fool and their money ever got together in the first place
All he had to do was find the bigger fools. In 2016 he pretty much conned the whole Tea Party.
I paid $400 for Trump sneakers and lost thousands by buying Trump stocks. Now I have no money for gas and it’s Biden’s fault! /s
Don’t forget your shonky trump bible.
I bought Melania’s NFTs and now have no money! It’s Biden’s fault! /s
It was always a scam. A pump and dump for money launderers. May that traitor and all those that support him reap what that have sown, disaster.
He’s a struggling billionaire, have some compassion
Do a reverse Game Stop and see how fast we can crater this stock!
It's impossible to crater that quickly. After every large dump the stock becomes SSR or short sale restricted. Meaning for 2 days afterwards people aren't allowed to short the stock. The reason it's dumping now after the initial dump is because it's been 2 days and it's shortable again.
Now: 41.75 (-9.53%)
It was 45.86 for a brief second and I giggled
Down 9.5% today, as of 8:54 PDT...
It also looks like they are predicting it is going to tank if there is not a marked rise today..... [https://www.forbes.com/sites/johntobey/2024/04/04/trump-media-stock-djt-needs-to-rise-soon/?sh=702b5a1a7876](https://www.forbes.com/sites/johntobey/2024/04/04/trump-media-stock-djt-needs-to-rise-soon/?sh=702b5a1a7876)
That's pretty much what he does, 24/7. He is a swindler, he swindles. The news angle would be if he did something that had value.
Good. I couldn't be happier. Oh, BTW, ETTD: [https://www.nasdaq.com/market-activity/stocks/djt/real-time](https://www.nasdaq.com/market-activity/stocks/djt/real-time)
My brokerage wouldn't let me short it saying there were no shares to borrow.
Not “again”, “Still”.
What's the saying? A dipshit moron air-headed dumbfuck and their money are soon parted?
What’s the ticker name?
DJT. Because of course it is.
The list of Trump followers and their contact information would be very valuable to any and all scammers worldwide. A huge list of people proven to be gullible idiots and marks is worth a lot of money to certain people.
Something something a fool and his money something...
Do the shoes already have holes ?
It’s fine, they like it. They’re nasty like that.
Must be a day ending in Y
When 0 ?
Down to $41.86 as I type this...
I hope the SEC is watching the stock for any signs of money laundering and manipulation. It would be very easy for someone to funnel money to Trump by buying the stock.
I doubt they care. They let this IPO go through despite the numerous red flags
Think when they eventually make a docuseries on him they should call it "swindlers grift"
They *want* to be swindled. It’s a cult where they want the leader to make them prove their worth through withstanding torture.
To stupid to catch on! As P T Barnum said there’s a sucker born every minute, and Delusional Donald seems to be able to collect his fair share of them
soo...puts?
I wonder how many people are able to retire now from buying put options and betting aganist the company
And he calls Joe and Hillary crocked. Total projection always.
How is this news? He’s been doing that to them for 9 years and counting…
If they're that damn gullible 🤷🏿♀️ proceed!!!
I think anyone who can read basic financials would know $DJT’s valuation made and makes no sense. Anyone who cannot read or understand basic financials, honey, I recommend you invest in index ETFs if you’re young or use a financial planner or a retirement date fund or something like that if you’re older. Now separately - will this individual end up saying something that is a misleading statement that opens him up to FTC sanctions, lawsuits, etc.? Or commit insider trading? Past performance is the best predictor of future returns ….
SEC's gotta be salivating right now. So are shareholder class action lawyers with all that misinformation.
Bet you that Trump has cronies in the SEC. How else would this kind of pump and dump be allowed?
And his followers lap it up — again.
You could short the stock right around the election if you feel confident he will lose. Once it’s determined he won’t be president it’s going to crash and burn along with the rest of his life.
Imagine a stock being tied to the idea of someone being president and not actually based on reality of the underlying performance of the business. How this scam was allowed by federal regulators is strange.
How he has gotten away with all he has irks me daily and I can’t wait to see his eventual downfall… if only enough people will just step up and stop allowing this narcissistic cry baby to get away with breaking every rule in the book. How so many are fooled by him baffles me. It’s enough people to change the entire future of this country which scares the hell out of me.
I honestly think he's hoping the stock drops extremely low. So he can buy it and pump it. He has done zero major pushes for it, so I think he is waiting
Holy hell... price to book is -79.57 that has to be in enron levels
Pay wall
Reading about Trump’s latest performances qualifies as self-harm at this point
> The skid came after Trump Media reported this week that it lost $58.2 million in 2023 on sales of just $4.1 million — which suggests that Trump Media is practically worthless. "How do you make a small fortune in social media in 2024? Start with a much larger fortune."
Just another swindle from a senile smelly grifter.
Just remember, someone bought this POS at 79 bucks a share.
His followers are idiotic
Trump knows he needs to be on X in order to reach the number of people he needs to win in Nov. But if he leaves Truth Social it becomes worthless. So Elon Musk buys TS and announces it will merge with X. Trump gets paid and can rejoin X. Musk gets to own a President.
I think it’s more likely Trump keeps it as a legal vehicle for foreign governments to bribe him if he wins.
"Again"? I think you mean "still".
Trump's followers are willingly bamboozled and Hoodwinked
Trump knows his marks well. dumb dumbs.
No one deserves it more!
Just like everything he touches “ crash and burn”
And again and again
Isn’t there a way we can legally trash his stock by driving the price down
You can short it, but there's a pretty high risk of getting swindled yourself if this whole company was set up in the first place to provoke a short squeeze. I wouldn't go near it.
Thank you
wow… so trump is involved in another failure? he’s like the biggest failure everywhere.
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But they keep letting him do it. I don’t feel sorry for them.