Unfortunately, Trump will still likely come out much richer than he was before. It’s still nice to see.
I wanted to read who the stockholders of this garbage actually are. It’s a great rabbit hole. This one is pure gold https://en.m.wikipedia.org/wiki/Digital_World_Acquisition_Corp.
It’s just shady shit at every level. The people who bought the SPAC didn’t even know the money would go towards Trump and pulled out more than half of the capital.
Then they propped that garbage stock up Musk-style and sold it to their fan base.
The dude who ran the SPAC als has amazing stories tied to his name https://eu.heraldtribune.com/story/opinion/columns/2022/11/16/patrick-orlando-truth-social-you-light-up-my-life-connection/10698187002/
He was already working on mergers in China, but couldn’t close the deal because he didn’t have the money. All sounds like typical escalating scams.
It’s clear why Trump would run a con with this guy.
Another successful business from the genius that knows everything about businesses, military, nuclear and how to raise a family.
Dumping the stock as soon as possible was always the plan, this is just money laundering through an acquisition company.
My guess, the stock price was propped up by dodgy foreign donors. And he’s looking less and less like a worthwhile investment.
Less and less? They had revenue of 3 million with loss of like 30 million. With a 3 billion dollar market cap it makes no sense.
Pump and dump. Makes perfect sense.
+1
Never attribute to malice that which is adequately explained by wanting to make money.
“We are going to have a crash, and we’re going to have a crash like a 1929" I guess in some sense he was right.
This was never more than a ploy to launder foreign money, it does feel pretty brazen for the CEO and COO to cash out before Trump.
It seems to me, all the bag holders should have grounds to sue them, I’m sure atleast a few of them will.
Trump can sell his 115 million shares on September 25th, everyone trying to get out before that happens.
Absolutely wild campaign finance workaround though. If he sells it all he’s still on track to get $1 billion or so. That’s his personal wealth, which can be contributed without limit to his campaign.
It’s insane to me that he could even cash out, who out there even thinks the stock is worth anything, especially when trump starts selling . With my lack of knowledge about the stock market it makes no sense there would be anything on the buying side.
then: the pump now: the dump
The big question: will Trump himself pull the rug as soon as he’s legally allowed to?
There’s a rule that any question in a headline can be answered “No.” This is the rare exception when the answer is “No shit, of course he will.”
The look on Trump’s face in that thumbnail clearly shows that he’s going to need a diaper changed shortly. Glad I’m not one of his handlers…
Oh no! Not Tooth Sential!
That thing still exists lmao
Predictable if you’re not in a weird cult
i wonder what this will mean for the upcoming Truth streaming service
“What upcoming streaming service? We never said anything about a streaming service.”
“But if we did it would’ve been uuuuuge.”
Most people on their are just trolling Trump. I log in their every now and then to troll him. 😁
