Trump no longer on Bloomberg Billionaires Index after Truth Social stock plummets

[Guno צְבִי]

Trump is no longer listed on the Bloomberg Billionaires Index, a daily ranking of the world’s 500 richest people, after the stock price for Trump Media – the parent company behind the former president’s social media company Truth Social – took a nosedive.

Shares dipped 12% on Friday, 8% on Monday and were down another 2% late Tuesday morning to trade at $36.35. That’s down more than 50% since its peak of $79.38 in late March.

Tuesday has been the stock’s lowest trading day since Trump Media merged with the public shell company Digital World Acquisition Corp. and started trading under the ticker to DJT on March 26.


https://www.usatoday.com/story/money/2024/04/09/trump-media-stock-price-dip/73260727007/

 

[Walt]

trump mostly owns the commercial parts of trump tower. Commercial real estate in NYC has been erratic to say the least. And it is tough to sell anything with the trump name on it to up class people, so trump tower's commercial real estate looks especially vulnerable. Much of the up scale real estate in NYC has been bought by the brands, rather than rented. They see this down market as a good time to buy. trump cannot sell, he needs to rent.

So there is questionable value in trump tower, but it gets worse.

It turns out trump has been hiding a $100 million loan on trump tower. trump tower might be underwater, meaning he owes more than it is worth.

 

[Dutch Uncle]

Trump is no longer listed on the Bloomberg Billionaires Index, a daily ranking of the world’s 500 richest people, after the stock price for Trump Media – the parent company behind the former president’s social media company Truth Social – took a nosedive.

Shares dipped 12% on Friday, 8% on Monday and were down another 2% late Tuesday morning to trade at $36.35. That’s down more than 50% since its peak of $79.38 in late March.

Tuesday has been the stock’s lowest trading day since Trump Media merged with the public shell company Digital World Acquisition Corp. and started trading under the ticker to DJT on March 26.


https://www.usatoday.com/story/money/2024/04/09/trump-media-stock-price-dip/73260727007/

Awesome. LOL

 

[coldjoint]

trump mostly owns the commercial parts of trump tower. Commercial real estate in NYC has been erratic to say the least. And it is tough to sell anything with the trump name on it to up class people, so trump tower's commercial real estate looks especially vulnerable. Much of the up scale real estate in NYC has been bought by the brands, rather than rented. They see this down market as a good time to buy. trump cannot sell, he needs to rent.

So there is questionable value in trump tower, but it gets worse.

It turns out trump has been hiding a $100 million loan on trump tower. trump tower might be underwater, meaning he owes more than it is worth.

Trump does need need money (personal wealth) to be president. When you morons going to figure that out?

 

[Dutch Uncle]

Trump does need need money (personal wealth) to be president. When you morons going to figure that out?

True, but Thanks for confirming Trump is a liar, Pinkie.

 

[coldjoint]

True, but Thanks for confirming Trump is a liar, Pinkie.

You can be a liar and be president. Take Obama as an example.

 

[Dutch Uncle]

You can be a liar and be president. Take Obama as an example.

Trump is aces in lying. Even better than Hillary and Obama put together. As President, not so much. He’s an oath-breaking traitor who should be given a fair trial and a fair hanging.

 

[coldjoint]

Trump is aces in lying. Even better than Hillary and Obama put together. As President, not so much. He’s an oath-breaking traitor who should be given a fair trial and a fair hanging.

You have him mistaken with the members of Congress who voted not to investigate the election. They are the traitors.

 

[Joe Capitalist]

Trump is aces in lying. Even better than Hillary and Obama put together. As President, not so much. He’s an oath-breaking traitor who should be given a fair trial and a fair hanging.

Coldjoint is just another MAGA moron in the cult. They swallow everything Trump ejaculates.

 

[Dutch Uncle]

Coldjoint is just another MAGA moron in the cult. They swallow everything Trump ejaculates.

Agreed. Most of them on JPP are demented geezers. A few are just deluded idiots or traitors.

 

[coldjoint]

Coldjoint is just another MAGA moron in the cult. They swallow everything Trump ejaculates.

And your opinion is worth something? Kind of a non-post there.

 

[Dutch Uncle]

You have him mistaken with the members of Congress who voted not to investigate the election.

They are the traitors.

He’s worse than those spineless idiots because he openly broke his oath and waged war on the United States by trying to steal an election by force and legal tricks.

We all know what should be done to traitors. Who do you think are the Top Ten Traitors in Congress, Pinkie?

 

[coldjoint]

He’s worse than those spineless idiots because he openly broke his oath and waged war on the United States by trying to steal an election by force and legal tricks.

We all know what should be done to traitors. Who do you think are the Top Ten Traitors in Congress, Pinkie?

That simply did not happen.

 

[Dutch Uncle]

And your opinion is worth something? Kind of a non-post there.

No more than yours or anyone else’s, Pinkie.

OTOH, readers can assess each post and evaluate which one is saner, more reasonable and in the best interests of We, the People, of the United States.

 

[coldjoint]

No more than yours or anyone else’s, Pinkie.

OTOH, readers can assess each post and evaluate which one is saner, more reasonable and in the best interests of We, the People, of the United States.

That leaves you out.

 

[Dutch Uncle]

That simply did not happen.

In your opinion, of course, Pinkie.

Why did you dodge the Top Ten question? Are you paranoid or just didn’t think that far ahead?

 

[Dutch Uncle]

That leaves you out.

Thanks for confirming you don’t believe basic American values:

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.--That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed

All authoritarians believe some men are less than equal. Same goes for those supporting the autocrat oath-breaking, draft-dodging pedophile who lied about the election being stolen and tried to take it by force.

 

[coldjoint]

Thanks for confirming you don’t believe basic American values:

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.--That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed

All authoritarians believe some men are less than equal. Same goes for those supporting the autocrat oath-breaking, draft-dodging pedophile who lied about the election being stolen and tried to take it by force.

Oh wow! You got me. Stupid troll. You should not use the word "values".

 

[Dutch Uncle]

Oh wow! You got me. Stupid troll. You should not use the word "values".

You’re the one who refused to answer the Top Ten question. Is it because you’re paranoid or because you didn’t think out that far?

 

[Walt]

Trump does need need money (personal wealth) to be president. When you morons going to figure that out?

I remember when trump promised he would pay for his own campaign. Now he is demanding money for himself from his donors. he went from one extreme to the other.