Chapter 11 is Donny’s favorite number:
Taj Mahal, Trump University/Castle/Shuttle/Steaks/Vodka/Ice/Magazine, and now Trump Media.
this post was submitted on 09 Aug 2024
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He's just gonna dump the stock and make out like bank leaving the rest to flounder.
I think there’s a lock out period for him following the merger but I don’t know for how long. There’s still time for the stock (DJT) to plummet, with any luck.
6 months. From April I think, so that would mean he can sell in October.
The share price is absurd. Idiots buying because they want to support trump somehow. The shares are worthless but hapless idiots will pay stupid prices for them.
He will start selling as soon as he can. I expect there will be a steady downward trajectory but who knows how fast and how low.
I bet that he blames "market manipulation" or something to his followers when he sells.
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Wow, you actually read Art of the Deal ?
I think he keeps bankrupting his companies so that he can update the list of his businesses in the book, creating new editions every few years. If you have an old copy, just burn it because the new ones are so much better with the newest info. In fact, after burning the old one, wait a bit for the new one to drop. He's clearly getting ready to update the new one with DWAC and Trump Media.
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Excuse me! Trump Vodka, the world's finest super premium Vodka, still exists in Israel!
It’s so fitting. Vodka is the cheapest alcohol you can make. It’s basically watered down ethanol. Overpriced vodka is so on-brand for a Trump. And he still couldn’t make a profit.
I wonder why it still exists in Israel. I bet he sold the rights to it there and has nothing to do with the business.
You mean advertisers aren’t climbing all over themselves to buy spots on it? Maybe the new streaming service will save the day.
/s
He could try suing companies for not running ads. It seems to be working for Elon.
I’d heard that he was going to do that, but is he and it’s working!?
Depends on how you define "working".
He managed to kill a non-profit that advised not advertising on Xitter because it's a racist shithole. I don't think it's gonna bring back any advertisers, but with the help of a pet Texas judge he's SLAPP suing his detractors out of existence.
One could argue that the non profit has largely done its job at this point so it's only a symbolic victory.
He just filed the lawsuit in the last few days. Too early to tell if it’s working, but many legal experts are laughing at it.
doesnt he have a 450m bill due soon?
e. just checked, not til after an appeal in sept.
The one he owes the lady that sued his balls off? Or the Russians?
this is the whole 'i lied about everything i own in new york' thing
Oh, shit, forgot about that one too. He's so screwed and so deserving of it.
that one he has to put the cash up in escrow before he can appeal.
he already did, and the fucking let him squeak by on a 175m bond from an agency that wasnt technically financially able to do it.
because rich people have different rules.
Not just financially unable, legally unable. They weren't authorized to issue surety bonds in New York.
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Iirc they only brought in like 300k in revenue. Somebody fact check me but it was definitely between 300k-400k in revenue. So that net loss is fucking insane.
It in the article
Trump Media, which owns the Truth Social app often used by the former president, also reported revenue of just $836,900 for the quarter ending June 30, a 30% drop from the same period in 2023
Another example of his awesome business skills that he'll be able to transfer to running the government. \s
Just hang in there guys and keep spending. Remember it takes all the money to make all the money 💰💰! Wink wink.
That's a lot of losses for someone who only cosplays as a billionaire
And not a single one of his unbelievably stupid fans will sell their stock in it until he cashes out in a couple months. The absolute first second he's allowed to sell his stake, that shit's going to crater hard with all his Stans losing their life savings.
The real treasure was all the grifts he did along the way.
Personally, I love this for ALL of them.
I’m not usually this petty, but… haha, get fucked
When is he allowed to sell his stake? I seem to recall there was a time limit after going public.
As soon as he sells it's going to signal that he is done with the platform to all his "investors", and will likely trigger a selloff until it craters and his base loses their money (not good to do until at least after the election).
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Wow, what a loser.
Loser.
I mean, Trump is doing very well out of this. The people who listened to him and bought stock in the thing are another story.
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Need Riker playing ~~sad violin~~ up in here
Edit: it's playing a sour note
Edit #2:
Hmm best I've got is a video of a biker playing a violin: https://m.youtube.com/watch?v=rK4J-GM5Mw0
I am sad I wasn't able to find Riker playing a violin though, now I need Riker playing a sad saxophone up in here.
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