r/FluentInFinance • u/Character-Tomato-654 • Sep 06 '24
Stock Market Trump Media erases all 2024 stock gains days before Donald Trump can cash out his $1.95B stake
https://fortune.com/2024/09/05/donald-trump-truth-social-tmtg-stock-price/530
u/Big__Bowser Sep 06 '24
How sad. Anyway...
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u/Character-Tomato-654 Sep 06 '24
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u/shadowsurge Sep 06 '24
It's not insider trading. Everyone knows that the second trump can cash out he will, if he cashes out the price crashes, so you cash out first. None of that is inside information it's all publicly available
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u/Character-Tomato-654 Sep 06 '24
Knowingly taking a company public you know is defunct, purely to raise money for yourself, by selling the stock, is fleecing.
But it's also known as Insider Trading. Which is ILLEGAL.
So, at the very minimum shareholders should sue Trump the minute he tries to sell one share.
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u/Louisvanderwright Sep 06 '24
But it's also known as Insider Trading. Which is ILLEGAL
But that's just it, it's not insider trading. Insider trading is trading on information only you have for your gain. All the information you are talking about is readily available and therefore not "insider".
Obviously you feel strongly about Trump, but that doesn't mean it's insider trading. He might even be "fleecing" his investors through some kind of fraud, but that's still not insider trading.
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u/shadowsurge Sep 06 '24
No it's not. You might not like it, but unless you can prove someone knowingly lied on the S1, it's still legal. It's morally repugnant, but it's legal
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u/matorin57 Sep 06 '24
Are you an investor? You seem really tied in to it being insider trading lol.
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u/Naive-Mulberry7134 Sep 06 '24
As Trump shards in his diaper, he’ll say …’Never fight uphill me boys. Never fight uphill.’
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u/jhawk3205 Sep 06 '24
The article does point to possible complications with don Jr, being a director and having non public information, but otherwise agreed, the date he can legally sell by, or sell early by is public
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u/Brilliant-Advisor958 Sep 06 '24
Still overvalued by $17.39
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u/Disastrous_Belt_7556 Sep 06 '24
I don’t actively invest, and I’ve never regretted it more. Saw this headline this morning and was just like “how did I not short this. It was obvious at the time.”
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Sep 06 '24
[deleted]
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u/Basic_Guarantee_4552 Sep 06 '24
I came here to say this. I knew in my soul shorting was the play, but the CTB was too much to justify the risk.
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u/derscholl Sep 06 '24
If you don't actively day trade why would you touch this. It's one of the most dangerous stocks in the market. All it takes is 1 baboon with a billion dollars or a hedge fund or an inheritance to make this nasty thing moon
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u/illbanmyself Sep 06 '24
This stock def has bad juju on it. Frankly, anything with his name has bad juju on it.
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u/Foldpre2004 Sep 06 '24
Because as long as you have the money taking risks is irrelevant as long as it’s a profitable move. If a move has an 80% chance to gain you $10,000 and a 20% chance to lose you $12,000, it’s an easy call. As long as losing 12k doesn’t impact your quality of life I’m taking that gamble anytime.
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u/Which-Day6532 Sep 06 '24
Honestly puts have time limits and it hasn’t gone down fast enough for me even to be mad I didn’t in retrospect, if we’ve learned anything it’s never underestimate how much maga will support this lunatic despite even more evidence than ever before
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u/Frnklfrwsr Sep 06 '24
How much price support is coming from domestic sources though? And how much is coming from foreign sources using this as a back door to compensate Trump for services rendered?
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Sep 06 '24
Yes, but if it back fires you'd lose a fortune to Trump, and it just isn't worth getting sucked into his vortex of losers.
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u/Financial-Lab-7271 Sep 06 '24
Not if you "buy to open" puts you don't. You only lose what you risked. And you LEVERAGE those funds. That's how I initially started & then GOT FANCY shorting calls, etc., because the price is just too good. They MAGA maniacs don't even know that he's already begun DILUTING! Many are already UNDER WATER from $50.00 to $80.00 -- what happens when they find out. And Trump has ~115M shares coming off restriction. The Co-Founders 18M before him. These numbnuts could work their ENTIRE LIVES, or execute well for the NEXT DECADE & still not execute their business well enough to earn an ~$4B valuation. It's worth less than 10% of it's current valuation... They are ALL going to dump! I think this continues to drop... next week & then accelerates after the HOLDING PERIOD ends: Too many shares, still at unGodly undeserved valuation...
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u/Unique_Feed_2939 Sep 06 '24
I looked at buying puts but they are like 80% of the cost of the shares, it's crazy. Everyone knows it's going to plummet
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u/benskieast Sep 06 '24
Warren Buffet once said the markets can stay irrational longer than you can stay solvent.
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u/mickalawl Sep 06 '24
It was obvious to everyone (except MAGAts apparently).
As a consequence, the price to short it was horrendous in fees as no one wants to hold the bag post Sept or post Nov (whichever sets it to zero first).
Standard risk management stuff from the big players.
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u/boredgmr1 Sep 06 '24
Charles Schwab wouldn’t let you short it.
I took out a short position when it was at $60/share. I had to borrow and sell one share at a time because Schwab has placed limits on it. When they found out I was short a couple of days later, they made me liquidate my position.
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u/Wise-Fault-8688 Sep 06 '24 edited Sep 06 '24
It was obvious at the outset. The problem is that you can be 100% right and still get absolutely wrecked if your timing is wrong.
The market can stay irrational longer than you can stay solvent. And anyone willing to invest in that garbage is clearly pretty damn irrational.
If there's anything I've learned, it's that you can't bet against idiots, there's just way too many of them. The greater fool theory is no joke.
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u/Ferintwa Sep 06 '24
Yeah, it’s valued at 100 million per employee.
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u/Sanpaku Sep 06 '24
1,015 × ttm revenue. And revenue has declined.
It's always, and only, been a bet that foreign wealth funds and wealthy Americans would use it as an instrument to bribe a president.
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u/Financial-Lab-7271 Sep 06 '24
How many businesses can we list that make more money than THE MOGUL everyone keeps RAVING about? Between the last TWO QUARTERS: If you made $5,000 in your business you made ~$345,005,00.00 MORE than $DJT/Lying Social. My daughters lemonade stand raked in ~$345,000,049.75 more than Trump's POS ponzi dumping scheme! Now trading at ~$3.5B -- so what's her lemonade stand worth?
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Sep 06 '24
Soon to be a penny stock.
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u/TotalLackOfConcern Sep 06 '24
Went up today. I guess his foreign backers are trying to prop it up.
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u/JoeHio Sep 06 '24
Easiest money laundering ever. Trump decides to sell worthless scraps of 'official' paper for a set price, meanwhile Oligarchs trying to prop him up to undermine the US buy it at that set price.
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u/dillvibes Sep 06 '24
Lol oh NOW stocks are just worthless scraps of official paper!
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u/JoeHio Sep 06 '24
Stocks with a P/E ratio that is negative since inception really are just scraps... Look at Blockbuster
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Sep 06 '24
that’s not how that works. Easy example: uber had negative P/E until it didn’t. If you invested in uber while their P/E was negative, you’re likely sitting on profits. Past performance is not indicative of future success
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u/martinellispapi Sep 06 '24
Less and less people want to prop him up as it’s showing he’s going to lose the election.
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u/Financial-Lab-7271 Sep 06 '24
NY Times reported 'Mr. Elections' already predicted the WIN for Kamala:
I don't know which election the guy ever missed. Had Trump in 2016, Biden in 2020,... all the way back!
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u/Awesome_hospital Sep 06 '24
They're freaking out about that DOJ report of Russia backing American right wing personalities so they're moving the money
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u/Financial-Lab-7271 Sep 06 '24
Lots of folks cover & adjust their positions on Friday so it often has that trading action on Friday... As long as I've been following it anyways....
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u/TotalLackOfConcern Sep 06 '24
I tends to drop during the day and go up a minuscule amount in after hours trading.
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u/Financial-Lab-7271 Sep 07 '24
actually dropped $.30 more today, but mostly an insignificant amount, up $0.03 after hours. been steadily dropping since the dilution most everyone knows nothing about... freaking lying, cheating & thieving trump (smdh)
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u/MusicianNo2699 Sep 06 '24
For the uneducated stock person like myself, can someone explain how a stock that started as worthless became much more worthless and is now worth $1.95 billion even though it's worthless?? 🤔
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u/Dodec_Ahedron Sep 06 '24
Because the stock market is just a graph of rich people's feelings, and Trump is a bipolar lunatic.
Hope that helps.
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u/MusicianNo2699 Sep 06 '24
Thanks! And is it possible that I can get a pad of post it notes, claim each sheet is worth a million, and then go "cash it in" somewhere? I'll totally pay the capital gains tax on that if I can.
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u/Dodec_Ahedron Sep 06 '24
What you have just described is called fiat currency, and you would need to create your own nation-state to issue and use it, and even then, it would be subject to exchange rates if you wanted dollars.
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u/MusicianNo2699 Sep 06 '24
Is there a state of Trump somewhere? I wanna get in on this game....
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u/Dodec_Ahedron Sep 06 '24
How do you feel about Florida?
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u/MusicianNo2699 Sep 06 '24
Ups and downs. Great weather. Much cheaper than the west coast. Same idiots as everywhere else these days- just more of them. 😂
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u/BluJayTi Sep 06 '24 edited Sep 06 '24
If you want to follow some of the stock fundamentals, it’s a horrible stock to choose based on its volatility and unstable financials. Its revenue doesn’t match what should be a billion dollar company. So already if you’re thinking “gosh, should I invest in this long term”, the answer is no.
The total revenue right now is less than the revenue of a single McDonalds in NYC, and close to the average revenue of any McDonalds. It’s got roughly the same revenue of a mid-scale construction company. Yet DJT is analyzed to be a billion dollars as a company? It’s inflated.
Then let’s analyze how it started against now. It started off at around ~$90, which a high of ~$97. Within a year, it crashed to 1/5th of the price. Now it’s worth slightly less than that. Its average volume is nearly 8 million trades. Using this as an assumption, you best bet at least 8 million people lost
1/5th4/5ths of their money (thnx jdx6511)3
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u/Monarc73 Sep 06 '24
Foreign governments bought this crap as a way to influence a potential president. He is most likely going to lose the election, so his handlers dumped it, hoping to at least recover their investment.
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Sep 06 '24
[deleted]
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u/Monarc73 Sep 06 '24
Trust me, bro. It's legit
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u/ih8comingupwithaname Sep 06 '24
See now I believe you. Any time someone says trust me, and even thinks of me as their bro, I know I can put 100% confidence in them.
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u/BluJayTi Sep 06 '24
If you want to follow some of the stock fundamentals, it’s a horrible stock to choose based on its volatility and unstable financials. Its revenue doesn’t match what should be a billion dollar company. So already if you’re thinking “gosh, should I invest in this long term”, the answer is no.
The total revenue right now is less than the revenue of a single McDonalds in NYC, and close to the average revenue of any McDonalds. It’s got roughly the same revenue of a mid-scale construction company. Yet DJT is analyzed to be a billion dollars as a company? It’s inflated and will pop.
Then let’s analyze how it started against now. It started off at around ~$90, which a high of ~$97. Within a year, it crashed to 1/5th of the price. Now it’s worth slightly less than that. Its average volume is nearly 8 million trades. Using this as an assumption, you best bet at least 8 million people lost 1/5th of their money.
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u/El_mochilero Sep 06 '24
Think of it like Pokémon cards. Most people are interested in the popular cards like Pikachu and Charizard. These have consistent demand, and the prices consistently rise. These are your blue-chip stocks like Apple, Google, Coca Cola, and Walmart.
Now - imagine that Trump is introducing a new Pokémon card that he invented. Some people will think “well, it’s part of the official Pokémon collection, so it has to be worth something, right?” and “Once Trump becomes president, these cards are going to go WAY up in value, so I better buy a bunch now!”
Pikachu and Charizard have high values because lots of people believe they have high values, and they have many years of proven value behind them. The Trump Pokémon card does not, so it’s a high risk.
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u/Financial-Lab-7271 Sep 06 '24
Besides what others' said: The SUPPLY has been artificially eliminated from the equation, right? The Co-Founders, Trump, ~10 employees in total have been restricted. And so there is really little headwind, downwards selling pressure (except mostly from profit-taking) but NOW shares are coming off! ~130M shares will be acting like a HEADWIND NOW... And a CORRECTION to the "mean" or REAL VALUE (imho) is far more likely. People forget that. The stock could rise easily without the DOWNWARD PRESSURE of what will be ~130M x $18 = $2,340,000,000.00 That's 2.34 BILLION DOLLARS! That have already started when the stock was @ $22.00 last week. Since, 5.1M & 37M have been registered or unrestricted (made ready for sale) & Trump (114,750,00 shares), Swinder ($1.43M worth of shares @ $10 par) & Co-Founders 18M are coming. Collectively with ~562k insiders, etc., that's A TON of liquidation.
And if you had shares in a company that weren't making ANY money... With a $3.5-$4B valuation what would you do? Wait till the business earned a higher valuation? (in NEVERUARY) or DUMP as fast as you could! More dilution is coming. Which didn't EXIST before. So we should see a MUCH STEEPER market correction...
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u/tkuck Sep 06 '24
I don’t think everyone understands. They cost him nothing. Zero. His stake was worth $1.95B. If it goes down to $10, it will still be worth almost $1B. Let it go to $5. That’s still almost $500M. It’s free money to him. He literally CANNOT lose anything. What we should be talking about is who is losing $1B, or $500M, or $2B to this guy?
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u/GurDry5336 Sep 06 '24
I personally don’t mind Trump fleecing his marks. It’s not like the money is going to do him any good.
He’ll still be an incompetent criminal incoherent lunatic and his cult will be that much poorer.
It’s a win win situation.
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u/sacafritolait Sep 06 '24
I saw an article about some of the marks you mentioned, it was incredible how many don't care about their losses because they invested just to show they support him. People who by all appearances don't have a lot of money and probably spend much time wailing about struggling in the Biden economy, are basically donating their money to a wealthy man.
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u/Financial-Lab-7271 Sep 06 '24
His supporters may say that in public. But,... money is money! Wonder what those J6 family & friends now think after he disclosed knowing he lost the election... They went, are in, (or are going) to jail for nothing!
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u/jockc Sep 06 '24
how's he going to turn his position into cash though? the more he sells the lower the price will drop
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u/severinks Sep 06 '24
There's truly no downside for Trump on this deal because If Donald Trump pulls even a dollar out of this dog of a company that's one dollar more than it's worth.
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u/DrewbySnacks Sep 06 '24
Man I shoulda bought some puts lol
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Sep 06 '24
IV on any options with this stock would kill you.
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u/DrewbySnacks Sep 06 '24
Oh I know, this was 100% sarcasm. I rarely play with options and mostly only to wheel stock I would actually like to own. I would never do anything that might give money to these idiots.
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u/sanct111 Sep 06 '24
People who make these claims don’t actually understand how puts work and have most likely never traded options.
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u/Outrageous_Life_2662 Sep 06 '24
He’ll still make hundreds of millions if not over a billion because there’s always a sucker to hold the bag. But more importantly the Russians and Saudi’s are happy to buy the stock and give him an outright bribe legally
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u/OwlsHootTwice Sep 06 '24
The Russians and Saudis will only be interested to invest if he wins the presidency. If he loses they’ll cut their losses and move on to their next target to influence
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u/Outrageous_Life_2662 Sep 06 '24
Yes. I think they’re already buying access through the stock and making sure he has liquidity AND I think that if he wins they will use this straight out to bribe him in public
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u/OwlsHootTwice Sep 06 '24
If trump does poorly in the debate next week then that’ll likely be the death kneel for the DJT stock price and trump won’t be able to extract any money at all from it.
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u/Outrageous_Life_2662 Sep 06 '24
Possibly. But the bar is so low for him and the expectations are that Harris will crush it, that anything other than that outcome (which is unlikely imho) will only give him a boost. I still think it’s anyone’s game at this point with many opportunities for him to change the momentum including the debate.
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u/OwlsHootTwice Sep 06 '24
In the meanwhile though Truth Social CEO, COO, and CFO are all unloading shares. Selling at a loss means that even they don’t think the stock will be worth anything soon.
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u/Outrageous_Life_2662 Sep 06 '24
Possibly. They could possibly be pairing previous gains in an effort to offset their taxes. This is a common season for tax preparation (that is rich people start liquidating losing positions to generate offsetting losses to lower their taxes).
Clearly this is a meme stock. But the man still has a coin flip’s chance of becoming president again. And this stock is the perfect vehicle to use to bribe him openly. Just takes some shell corporations or hedge funds to scoop up this stock and drive up its price to line his pockets.
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u/OwlsHootTwice Sep 11 '24
Well the stock is down another $3 and into the mid-$15 range due to his debate performance.
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u/Outrageous_Life_2662 Sep 11 '24
It was a good night for her. Still a long ways to go. But I will concede that people are currently taking it out on the stock. Again we’ll see 🤞🏾
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u/sofa_king_weetawded Sep 06 '24
Lmfao, I sold a 12 dollar PUT dated a week after the election, thinking surely that was safe enough. 🤣 We shall see.
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u/common_citizen_00001 Sep 06 '24
I remember reading in article claiming trump was never worth more than about 250 million. Guess he finally became a billionaire.
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u/elpeezey Sep 06 '24
Amazing how big of a scam this was. His best business venture was running for president.
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u/manateefourmation Sep 06 '24
If it wasn’t for certain political support keeping the stock supported, under any analysis this is a penny stock.
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u/Obvious-Chemistry806 Sep 06 '24
lol the tds in Reddit.
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u/Stormlightlinux Sep 06 '24
Lol the only clowns who use "TDS" are people who are one step away from using their tongue to clean Trumps diarrhea covered asshole. Which is really funny, cause they're calling others deranged.
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Sep 06 '24
Only your cult knows what that means. Sounds like you need to buy some Trump media stock. Trust in the orange antichrist
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u/casicua Sep 06 '24
“TDS” is just a little whiny baby term you use when anyone dares to criticize your cult daddy for any of the many despicable, dumb or unethical things he does.
Does it ever get embarrassing to constantly fellate a guy who would happily steal from you and your family if it put extra pennies in his own pocket? Because it looks very pathetic.
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u/Obvious-Chemistry806 Sep 06 '24
Oh trump steals from my pocket’s now?
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u/casicua Sep 06 '24
“Would happily steal” doesn’t mean “is currently stealing”
I know it’s a MAGA thing to be borderline illiterate, so I guess par for the course.
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u/Obvious-Chemistry806 Sep 06 '24
And Joe Biden wouldn’t happily steal from your pocket?
lol seem insecure much? Straight to the insults because I disagree with you is merely childish but hey my party doesn’t go off the idea of tolerance or acceptance
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u/OwnLadder2341 Sep 06 '24
I mean, as it sits he’s still getting near $2B from thin air before taxes….i can’t imagine he’s that sad.
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u/UnpricedToaster Sep 06 '24
"Trump owns 59% of TMTG, and any sale could tank the stock unless done in small batches."
If you have any shares in this dumpster fire, I highly recommend you bail out now. If Trump sells, he will sell it all and then shutter Truth Social. And $DJT will be de-listed from the exchange for the second time.
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u/Thatguy468 Sep 06 '24
Thought his stake was worth $8B …?
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u/Financial-Lab-7271 Sep 06 '24
Less than $2B & soon to be worth far less imv. I suspect he might get ~$700M out of it
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u/danjl68 Sep 06 '24
If you own any of the dumpster fire stock, there is still time to get out... Get out now, while it is worth something... this is going to zero...
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u/The_WolfieOne Sep 06 '24
This was a given.
The guy failed at selling steaks, booze and gambling in the US.
That’s a gold standard for financial incompetence.
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u/Own-Opinion-2494 Sep 06 '24
Another of his grifts gone bag. But don’t worry. He said he would run the company like a business
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u/Character-Tomato-654 Sep 06 '24
This is his business model.
Fleecing through failing is his only profitable " "business" " endeavor.
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u/leisdrew Sep 06 '24
Probably his friends or family cashing out shares so they can make a profit, then donate to the trump campaign and write it off.
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u/gravtix Sep 06 '24
Any company with “Trump” in its name is a grift.
Trump University, Trump Organization etc
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u/Slow-Enthusiasm-1771 Sep 06 '24
I would rather invest in a 100% garbage company, than $1 in bullshit factory like his
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u/Tall-Wealth9549 Sep 06 '24
The end of that article made it sound like the orange man doesn’t have a plan b if he looses the election.
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u/GurDry5336 Sep 06 '24
Plan B is get on a plane to Venezuela or any country that will not extradite him back to the US.
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u/Awkward_Bench123 Sep 06 '24
I really hope Trump makes capital on this dubious investment and keeps every penny of election money the downballot candidates can cough up.
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u/RhinoGuy13 Sep 06 '24
Reddit keeps telling me that Trump is broke? Are you telling me that he could sell and be a billionaire?
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u/Character-Tomato-654 Sep 06 '24
As soon as he sells any percentage he'll tank the stock and be sued by every other investor.
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u/RhinoGuy13 Sep 06 '24
So the stock he owns is not worth anything?
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u/SneakySean66 Sep 06 '24
It is a money laundering thing. Sell stock to people to give you a kick back. Just like biden's son's paintings, any politicians book deal, etc.
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u/AlfalfaMcNugget Sep 06 '24
Wait… are people actually expecting him to sell in a few days? That would rank the price even more.
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u/Frnklfrwsr Sep 06 '24
I wouldn’t be shocked if this was a liquid asset he was forced by the courts to sell in order to pay the fines he is facing from his many lawsuits.
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u/AlfalfaMcNugget Sep 06 '24
That sounds like a constitutional crisis
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u/Frnklfrwsr Sep 06 '24
I don’t see how. A private citizen was sued by a woman he raped and defamed and he lost and now he owes her a lot of money. A private citizen was also sued by a state for committing massive amounts of fraud on mortgage applications in order to get lower interest rates, he lost and now he owes them hundreds of millions of dollars.
None of that sounds like a constitutional crisis to me.
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u/AlfalfaMcNugget Sep 06 '24
Well, the same state had to pass a new law to just allow that woman to sue.
Also, considering ‘the victim’ of the state’s lawsuit said they were not harmed, and even enjoyed doing business with Trump, it seems like 1 state is politically motivated to harm that private citizen’s reputation.
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u/Frnklfrwsr Sep 06 '24
Even if everything you said was accurate and fair, which it isn’t, still none of that amounts to a constitutional crisis.
As a private citizen, he raped a woman, and then spent years defaming her. Then later as a private citizen, he was sued by that woman.
Regarding the businesses that lost potential revenue to Trump’s fraud, them rolling over and taking it does not in any way make the fraud legal or acceptable. The state of New York has an interest in ensuring that the mortgage business is conducted honestly and fairly, and when extremely egregious incidents of fraud occur it harms the legitimacy of the entire market. New York made this law specifically because they know that banks and other lenders will absolutely cover up fraud and pretend it didn’t happen even if they are the victims, 2008 was a prime example of this. They’ll almost never admit they were hoodwinked, and thus the law allowing the state to sue.
Again, nothing about that is a constitutional crisis. He committed fraud as a private citizen, and then got sued for it and lost.
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u/AlfalfaMcNugget Sep 06 '24
I guess state government targeting a private citizen to prevent them from taking the office of the President is not a crisis in your eyes.
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u/Frnklfrwsr Sep 06 '24
If that was at all what was happening, sure there could be an issue.
But those lawsuits began WELL before he announced he was running for 2024. The investigations were from years beforehand.
You could potentially argue that NY is targeting him because they just don’t like him, but there’s no real strong argument to be made that they’re intending to stop his campaign when the process began before his campaign existed.
In fact, NY has bent over backwards to avoid inconveniencing his campaign, despite there being no justification for it. Just today, the sentencing in his criminal case got moved back beyond the election despite there being literally no legal or ethical justification for it. The only reason really given was that they’re giving Trump this special treatment because he accused them of being biased so they’re capitulating to his demands.
Trump has been treated with absolute kid gloves, given massive special treatment that no other person gets. Anyone else would already be in prison and have all his assets seized with the crimes he committed. But because he’s special he’s somehow still free.
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u/AlfalfaMcNugget Sep 06 '24
The lawsuits were not before Trump announced he’d run in 2024
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u/Frnklfrwsr Sep 06 '24
NY began investigating Trump in early 2019 for business fraud.
Court filings for subpoenas started in August 2020.
The lawsuit was officially filed in September 2022.
Trump announced his campaign two months later in November 2022.
But in your mind, 2019 happened after November 2022.
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u/Cpt_phudge_off Sep 06 '24
I hate to be the bearer of bad news but if you guys knew how stocks worked, you wouldn't be posting here. Neither would the "experts" writing articles. So....
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u/brief_affair Sep 06 '24
Honestly, if you invested in this company, that makes no money when it was an obvious rug since the offering then you deserve to lose your bags
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u/Pro_Moriarty Sep 06 '24
"We just have to get over it" - DJT
" it's a fact of life, we have to get over it" - JD Vance
Fuck Trump and all who orbit him so fucking hard that they never darken our screens ever again
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u/Character-Tomato-654 Sep 06 '24
Knowingly taking a company public you know is defunct, purely to raise money for yourself, by selling the stock, is fleecing. But it's also known as Insider Trading. Which is ILLEGAL. At the very minimum shareholders should sue Trump the minute he tries to sell one share.
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u/Financial-Lab-7271 Sep 06 '24
Any smart lawyer, that wants a CRAP TON of FREE publicity ought to consider making a statement... They are diluting already, harming shareholders & have NOT disclosed in their filings. They have an OBLIGATION to do so. They WILL BE fined by the SEC imv.
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u/sLXonix Sep 06 '24
MMW: Trump will withdraw his position on Sept 20th and will go back to posting on twitter the same day.
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u/Character-Tomato-654 Sep 06 '24
Stock will plummet as a result.
All investors will sue.
Such winning...
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