Stick A Fork In It...Truth Social Is Done

Doc Dutch said:
Whoever bet short on DJT made a ton of money!
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He's now trying to get permission to sell *his* shares before it's flat broke. One of the Beavis & Butthead twerps is on the board so he'll probably get it. I thought that that whole Trump crime syndicate was barred from operating businesses in NYS?
 
ThatOwlWoman said:
He's now trying to get permission to sell *his* shares before it's flat broke. One of the Beavis & Butthead twerps is on the board so he'll probably get it. I thought that that whole Trump crime syndicate was barred from operating businesses in NYS?
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When he sells, the stock will collapse. Good. LOL
 
ThatOwlWoman said:
Hahaha! He's also trying desperately to force two of the co-founders to cough up the shares they were given as part of their compensation. Even funnier -- they were game show contestants on The Apprentice. You can't make this hilarity up!
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Watching these idiots try to screw each other should be entertaining. Especially watching Trump scramble for money.
 
Doc Dutch said:
Whoever bet short on DJT made a ton of money!
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I'm not a professional but from what I understand shorting wasn't possible because there weren't many shares available to 'borrow'.

The crash in price is simply massive selling by those who held shares already. Or bought it just before the merger and dumped it a day later.

Grok bragging about trump losing $2billion in value in less than a week is funny.
 
Of course, the required SEC filing that showed massive losses, and expectations of same in the future sent shareholders to their computers to hit the 'dump' button.
 
Althea said:
I'm not a professional but from what I understand shorting wasn't possible because there weren't many shares available to 'borrow'.

The crash in price is simply massive selling by those who held shares already. Or bought it just before the merger and dumped it a day later.

Grok bragging about trump losing $2billion in value in less than a week is funny.
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Not a business guy, but it seems the stock market, especially DJT stock, is just a form of gambling. Surely someone is betting against it, eh? LOL

Remember when Trump Hotels & Casinos went bankrupt in 2004 with $1.3B in debt? Wasn't that his fourth bankruptcy? He walked away with money but everyone else got screwed.
 
Doc Dutch said:
Not a business guy, but it seems the stock market, especially DJT stock, is just a form of gambling. Surely someone is betting against it, eh? LOL

Remember when Trump Hotels & Casinos went bankrupt in 2004 with $1.3B in debt? Wasn't that his fourth bankruptcy? He walked away with money but everyone else got screwed.
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That's because trump's running deal with investors was last in first out for himself.

He would regularly take large sums of cash out of his casinos.

He loved to brag about 'making a lot of money' with his failed casinos.

These days, all of trump's ventures are either a way for foreign entities to gain favor with (hopefully not) the next POTUS, or money laundering operations for same.
 
A fool and his money...

[h=1]Small-time investors in Trump’s Truth Social reckon with stock collapse[/h]

[FONT=&quot]Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 - pretty much his “whole nest egg,” he said.[/FONT]
[FONT=&quot]That nest egg has lost about half its value in the past two weeks as Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $32 on Friday. But McLain, 71, who owns a tree-removal service outside Oklahoma City, said he’s not worried. If anything, he wants to buy more
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.[/FONT]
 
When it started people on the board said Trump would cash in about 7 billion. Now it is under 3 and dropping rapidly. Who knows what it will bring? The act of selling 60 percent of the stock will make the price crash.
 
Nordberg said:
When it started people on the board said Trump would cash in about 7 billion. Now it is under 3 and dropping rapidly. Who knows what it will bring? The act of selling 60 percent of the stock will make the price crash.
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MAGAts lie a lot. Agreed that when Trump cashes out, the stock will crash as will Truth Social. I expect it will be Trump's 5th(?) bankruptcy.
 
Manic Monday

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Doc Dutch said:
MAGAts lie a lot. Agreed that when Trump cashes out, the stock will crash as will Truth Social. I expect it will be Trump's 5th(?) bankruptcy.
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It'll be a penny stock by the time Trump can legally cash out.

https://finance.yahoo.com/news/trump-media-stock-tanks-18-on-move-to-issue-millions-of-shares-201103992.html

Trump Media & Technology Group (DJT) stock sank 18% to close at $26.61 on Monday after the parent company of Donald Trump's social media platform Truth Social filed to issue more than 21 million shares.

Monday's stock slide was an extension of last week's sell-off and highlighted the shares' volatility since Trump Media went public after merging with Digital World Acquisition Corp in late March.

Last week, shares tanked more than 20% in one day after an updated regulatory filing from the company showed Trump Media taking on heavy losses and facing "greater risks" associated with the former president's ties to the platform.
 
Nordberg said:
When it started people on the board said Trump would cash in about 7 billion. Now it is under 3 and dropping rapidly. Who knows what it will bring? The act of selling 60 percent of the stock will make the price crash.
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If the rumors of trump cashing out go viral, the stock will crash days before he's legally allowed to sell.

I wonder what MAGA morons on this forum were suckered in.
I'm guessing:
LyinBitch, ExcessLies, Stone, Libhater, Ziggy, TDaK, Truth Denier, TOP, Uncensored2008.
Well, you know what they say: A fool and his money are soon parted
 
Joe Capitalist said:
It'll be a penny stock by the time Trump can legally cash out.

https://finance.yahoo.com/news/trump-media-stock-tanks-18-on-move-to-issue-millions-of-shares-201103992.html

Trump Media & Technology Group (DJT) stock sank 18% to close at $26.61 on Monday after the parent company of Donald Trump's social media platform Truth Social filed to issue more than 21 million shares.

Monday's stock slide was an extension of last week's sell-off and highlighted the shares' volatility since Trump Media went public after merging with Digital World Acquisition Corp in late March.

Last week, shares tanked more than 20% in one day after an updated regulatory filing from the company showed Trump Media taking on heavy losses and facing "greater risks" associated with the former president's ties to the platform.
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I doubt Trump will ever spend time in prison, but I look forward to him being broken financially. He’s been playing Americans for suckers for decades and now it’s his turn.
 
Doc Dutch said:
I doubt Trump will ever spend time in prison, but I look forward to him being broken financially. He’s been playing Americans for suckers for decades and now it’s his turn.
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The History books will not be kind to Trump's legacy.

There won't be FoxNews around to polish the Orange Turd.
 
Joe Capitalist said:
The History books will not be kind to Trump's legacy.

There won't be FoxNews around to polish the Orange Turd.
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The sane shows on Fox, yes they do have them, are clearly distancing themselves from Trump. They report him and often point out things in his favor, but they also show the warts.

Agreed history won’t be kind to Donald Trump. It may take until he’s dead for the full truth to come out, but it will come out.
 
Althea said:
A fool and his money...

[h=1]Small-time investors in Trump’s Truth Social reckon with stock collapse[/h]

.[/FONT][/COLOR]
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I love this.

I love every new grift Trump pushes out to suck yet more money from his most loyal supporters.

Bleed them dry Donnie. Take them for the suckers they are and leave them all broke and destitute and i will applaud it the entire way.
 
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