The Arrogant Worms Posted March 25 Share Posted March 25 Finance expert to Truth Social investors: 'You are certain to be taken for a sucker' https://www.rawstory.com/trump-truth-social-merger-2667596875/ 1 1 Quote Link to comment Share on other sites More sharing options...
Popular Post 6of1_halfdozenofother Posted March 25 Popular Post Share Posted March 25 3 hours ago, Sabrefan1 said: Trump is likely to dump his shares when he legally can so MAGA followers are going to be left holding a depreciated asset if he does. Spoiler 1 2 2 Quote Link to comment Share on other sites More sharing options...
Bob Long Posted March 25 Share Posted March 25 1 hour ago, Sabrefan1 said: He was fortunate enough to be a sitting president at the time. Had he not been, he would have been raked over the coals most likely. its probably a good thing for US national security that the bond has been lowered. Who knows who he would have owed. Now maybe it'll just be some local creeps, or maybe he can raid the GOP superpaks for this much. 1 1 Quote Link to comment Share on other sites More sharing options...
The Lock Posted March 25 Share Posted March 25 2 hours ago, the destroyer of worlds said: https://www.bbc.com/news/world-us-canada-68621613 Donald Trump's hush-money trial to begin 15 April I think it's worth noting that this judge looks to not be having any of it with Trump's legal team. I predict that this is the most likely case to make Trump a convict before the election. 1 Quote Link to comment Share on other sites More sharing options...
Sabrefan1 Posted March 25 Share Posted March 25 1 hour ago, Bob Long said: its probably a good thing for US national security that the bond has been lowered. Who knows who he would have owed. Now maybe it'll just be some local creeps, or maybe he can raid the GOP superpaks for this much. Honestly, I think he was just going to have to sit and watch Letitia James go after everything he owned. Nobody was going to pony up that much money. The appellate court saved his bacon. Junior and dumb-dumb must be sweating it out watching their inheritances get batted around the courts and financial institutions. Speaking of which, I also noticed that the Kushners didn't offer to cover dear old dad even though they received an extra couple billion because of him. I'm sure Donald noticed that too. At least we won't have to put up with Jared and Ivanka strolling around the West Wing if Donald gets re-elected. Quote Link to comment Share on other sites More sharing options...
Bob Long Posted March 25 Share Posted March 25 20 minutes ago, Sabrefan1 said: Honestly, I think he was just going to have to sit and watch Letitia James go after everything he owned. Nobody was going to pony up that much money. The appellate court saved his bacon. he might even be disappointed in losing a fundraising opportunity from the hoopleheads 20 minutes ago, Sabrefan1 said: Junior and dumb-dumb must be sweating it out watching their inheritances get batted around the courts and financial institutions. its funny that you think they are in the will 20 minutes ago, Sabrefan1 said: Speaking of which, I also noticed that the Kushners didn't offer to cover dear old dad even though they received an extra couple billion because of him. I'm sure Donald noticed that too. At least we won't have to put up with Jared and Ivanka strolling around the West Wing if Donald gets re-elected. I suspect they had it backed up with the Saudi's. 1 Quote Link to comment Share on other sites More sharing options...
The Arrogant Worms Posted March 25 Share Posted March 25 Trump says he’s 'allowed' to accept foreign money to pay legal fines https://www.rawstory.com/trump-says-hes-allowed-to-accept-foreign-money-to-pay-fines-2667598637/ 1 1 Quote Link to comment Share on other sites More sharing options...
Sabrefan1 Posted March 25 Share Posted March 25 7 minutes ago, Bob Long said: he might even be disappointed in losing a fundraising opportunity from the hoopleheads I can't debate this one. He even reconditioned his personal "Trump Force One" plane through donor money a couple years ago. Quote its funny that you think they are in the will Funny you say that. After I posted, I thought to myself, "It would be hilarious if he leaves every penny he has to build his own giant presidential library". Quote I suspect they had it backed up with the Saudi's. The day that we as a country can stop suckling at OPEC's oily teet and tell the Saudis to jump off a cliff will be a good day. 2 Quote Link to comment Share on other sites More sharing options...
Bob Long Posted March 25 Share Posted March 25 11 minutes ago, Sabrefan1 said: I can't debate this one. He even reconditioned his personal "Trump Force One" plane through donor money a couple years ago. Ha ha didn't know that one 11 minutes ago, Sabrefan1 said: Funny you say that. After I posted, I thought to myself, "It would be hilarious if he leaves every penny he has to build his own giant presidential library". Presidential Library and Casino 11 minutes ago, Sabrefan1 said: The day that we as a country can stop suckling at OPEC's oily teet and tell the Saudis to jump off a cliff will be a good day. 100% Quote Link to comment Share on other sites More sharing options...
Smashian Kassian Posted March 26 Share Posted March 26 Maybe there's some hope for democracy after-all 1 Quote Link to comment Share on other sites More sharing options...
the destroyer of worlds Posted March 26 Share Posted March 26 Picture perfect swing by a champion. /s 3 Quote Link to comment Share on other sites More sharing options...
coho8888 Posted March 26 Share Posted March 26 3 hours ago, Smashian Kassian said: Maybe there's some hope for democracy after-all 1 Quote Link to comment Share on other sites More sharing options...
Elias Pettersson Posted March 26 Share Posted March 26 https://stocks.apple.com/AQwit0aK7Q5a4QXyl77Ghug Trump Media soars 45% with Nasdaq debut (update) Mar 26, 2024 9:37 AM ET | Trump Media & Technology Group Corp. (DJT) | Ravikash Bakolia, SA News Editor Shares of Trump Media & Technology (NASDAQ:DJT) jumped 45% in its Nasdaq debut. On Monday, SPAC Digital World Acquisition and former President Donald Trump's media company Trump Media & Technology Group had announced the completion of their business combination. The deal had already received approval from DWAC shareholders. Trump Media will continue to be led by CEO Devin Nunes, and its current management team. Year-to-date, Digital World's stock has soared 315% amid a long-delayed combination, in a time which has seen Trump win several primaries to become the Republican candidate for president. "As a public company, we will passionately pursue our vision to build a movement to reclaim the Internet from Big Tech censors," Nunes said in a press release announcing the closure of the deal. Quote Link to comment Share on other sites More sharing options...
The Arrogant Worms Posted March 26 Share Posted March 26 Trump Is Now Hawking Copies of the Bible — Watch His Utterly Bonkers 3-Minute Sales Pitch https://www.mediaite.com/trump/trump-is-now-hawking-copies-of-the-bible-watch-his-utterly-bonkers-3-minute-sales-pitch/ 1 Quote Link to comment Share on other sites More sharing options...
The Arrogant Worms Posted March 26 Share Posted March 26 Trump Press Secretary Claims Campaign Will Have ‘Soldiers’ Watching Polling Stations on Election Day https://www.mediaite.com/politics/trump-press-secretary-claims-campaign-will-have-soldiers-watching-polling-stations-on-election-day/ 2 Quote Link to comment Share on other sites More sharing options...
The Arrogant Worms Posted March 26 Share Posted March 26 Supreme Court Justices Question Why Abortion Pill Suit Is In Front Of Them https://www.huffpost.com/entry/supreme-court-justices-question-why-abortion-pill-suit-is-in-front-of-them_n_6602efb6e4b0b4153e7f83d7?15f= Quote Link to comment Share on other sites More sharing options...
The Lock Posted March 26 Share Posted March 26 (edited) 1 hour ago, Elias Pettersson said: https://stocks.apple.com/AQwit0aK7Q5a4QXyl77Ghug Trump Media soars 45% with Nasdaq debut (update) Mar 26, 2024 9:37 AM ET | Trump Media & Technology Group Corp. (DJT) | Ravikash Bakolia, SA News Editor Shares of Trump Media & Technology (NASDAQ:DJT) jumped 45% in its Nasdaq debut. On Monday, SPAC Digital World Acquisition and former President Donald Trump's media company Trump Media & Technology Group had announced the completion of their business combination. The deal had already received approval from DWAC shareholders. Trump Media will continue to be led by CEO Devin Nunes, and its current management team. Year-to-date, Digital World's stock has soared 315% amid a long-delayed combination, in a time which has seen Trump win several primaries to become the Republican candidate for president. "As a public company, we will passionately pursue our vision to build a movement to reclaim the Internet from Big Tech censors," Nunes said in a press release announcing the closure of the deal. Things to note here: 1) Trump cannot sell his shares for 6 months after the initial public offering 2) Now that the merger has taken place, Truth Social is the only asset available for the company to make money with 3) Truth Social lost 21 million dollars last year 4) Truth Social is not even in the top 100 downloaded social media apps in the Apple Store 5) Truth Social has been hemorrhaging users over the past year; therefore, it's likely to make even less money than last year So while this might look good for Trump now... this isn't going to end well for him. This is an artificially made stock surge and all you have to do is uncover a little bit of the surface to see that this won't be sustainable. It may be possible that users can vote for Trump to sell early, but even then there are a lot of short sales taking place, which indicates a stock drop is anticipated already. Edited March 26 by The Lock 1 1 1 Quote Link to comment Share on other sites More sharing options...
Satchmo Posted March 26 Share Posted March 26 3 hours ago, Elias Pettersson said: https://stocks.apple.com/AQwit0aK7Q5a4QXyl77Ghug Trump Media soars 45% with Nasdaq debut (update) Mar 26, 2024 9:37 AM ET | Trump Media & Technology Group Corp. (DJT) | Ravikash Bakolia, SA News Editor Shares of Trump Media & Technology (NASDAQ:DJT) jumped 45% in its Nasdaq debut. On Monday, SPAC Digital World Acquisition and former President Donald Trump's media company Trump Media & Technology Group had announced the completion of their business combination. The deal had already received approval from DWAC shareholders. Trump Media will continue to be led by CEO Devin Nunes, and its current management team. Year-to-date, Digital World's stock has soared 315% amid a long-delayed combination, in a time which has seen Trump win several primaries to become the Republican candidate for president. "As a public company, we will passionately pursue our vision to build a movement to reclaim the Internet from Big Tech censors," Nunes said in a press release announcing the closure of the deal. The skyrocketing share price comes despite the fact that Trump Media is burning through cash; piling up losses; and its main product, Truth Social, is losing users. “This is a very unusual situation. The stock is pretty much divorced from fundamentals,” said Jay Ritter, a finance professor at the University of Florida’s Warrington College of Business, who has been studying initial public offerings (IPOs) for over 40 years. Ritter said the closest parallel would be GameStop, AMC and other so-called meme stocks that skyrocketed during Covid-19 as an army of retail traders piled in. He said Trump Media is likely worth somewhere around $2 a share — nowhere near its implied stock price of $50. “The underlying business doesn’t seem to be worth much. There is no evidence this is going to become a large, highly profitable company,” he said. “I’m reasonably confident the stock price will eventually drop to $2 a share and could even go below that if the company blows through the money it got from the merger.” https://www.cnn.com/2024/03/26/markets/trump-media-stock-truth-social/index.html 1 Quote Link to comment Share on other sites More sharing options...
Elias Pettersson Posted March 26 Share Posted March 26 (edited) 12 minutes ago, Satchmo said: The skyrocketing share price comes despite the fact that Trump Media is burning through cash; piling up losses; and its main product, Truth Social, is losing users. “This is a very unusual situation. The stock is pretty much divorced from fundamentals,” said Jay Ritter, a finance professor at the University of Florida’s Warrington College of Business, who has been studying initial public offerings (IPOs) for over 40 years. Ritter said the closest parallel would be GameStop, AMC and other so-called meme stocks that skyrocketed during Covid-19 as an army of retail traders piled in. He said Trump Media is likely worth somewhere around $2 a share — nowhere near its implied stock price of $50. “The underlying business doesn’t seem to be worth much. There is no evidence this is going to become a large, highly profitable company,” he said. “I’m reasonably confident the stock price will eventually drop to $2 a share and could even go below that if the company blows through the money it got from the merger.” https://www.cnn.com/2024/03/26/markets/trump-media-stock-truth-social/index.html That’s a pretty dumb take. But considering it’s from CNN, it makes total sense. The stock has never been $2 when Trump got involved. It shot up to $9 on the first day of trading when it was in talks to merge with Truth Social. GameStop was at $60 for over a year before it dropped, mostly because it was being shorted like crazy. Also, Twitter wasn’t making money either, and it shot up to a $40 billion valuation even before Musk purchased it. Tech stocks like Amazon never made money for years and were trading at $200 per share. That’s how the market works. This isn’t some financial blue chip stock that trades based on earnings. This stock will most likely keep going up or at the very least stay where it is until at least the election. If he wins the election it will probably go up even higher. If he loses the election it will probably get delisted. So it does have a few more months of steam on it IMO… Edited March 26 by Elias Pettersson Quote Link to comment Share on other sites More sharing options...
Satchmo Posted March 26 Share Posted March 26 1 minute ago, Elias Pettersson said: That’s a pretty dumb take. But considering it’s from CNN, it makes total sense. The stock has never been $2 when Trump got involved. It shot up to $9 on the first day of trading when it was in talks to merge with Truth Social. GameStop was at $60 for over a year before it dropped, mostly because it was being shorted like crazy. Also, Twitter wasn’t making money either, and it shot up to a $40 billion valuation even before Musk purchased it. Tech stocks like Amazon never made money for years and were trading at $200 per share. That’s how the market works. This isn’t some financial blue chip stock that trades based on earnings. This stock will most likely keep going up or at the very least stay where it is until at least the election. If he wins the election it will probably go up even higher. If he loses the election it will probably get delisted. So it does have a few more months of steam on it IMO… Almost stopped reading right here: 'That’s a pretty dumb take. But considering it’s from CNN, it makes total sense.' I guess we'll see if your take betters the Warrington professor's. Why don't you put your money on it? You could make a killing. 2 Quote Link to comment Share on other sites More sharing options...
Elias Pettersson Posted March 26 Share Posted March 26 1 minute ago, Satchmo said: Almost stopped reading right here: 'That’s a pretty dumb take. But considering it’s from CNN, it makes total sense.' I guess we'll see if your take betters the Warrington professor's. Why don't you put your money on it? You could make a killing. Sorry, I don’t watch CNN or any other of the propaganda channels on tv. So I don’t really care what this guy has to say. But you seem so interested in the stock tanking, so good luck to you. Maybe you should short it and make some money… Quote Link to comment Share on other sites More sharing options...
RupertKBD Posted March 26 Share Posted March 26 The so-called part of "freedom" proves (once again) that it isn't: https://www.msn.com/en-ca/news/science/florida-s-desantis-signs-one-of-the-country-s-most-restrictive-social-media-bans-for-minors/ar-BB1kuXvb?ocid=hpmsn&cvid=0014d31e05da4fa6bdd0869476130596&ei=27 Quote Florida will have one of the country's most restrictive social media bans for minors — if it withstands expected legal challenges — under a bill signed by Republican Florida Gov. Ron DeSantis on Monday. The bill will ban social media accounts for children under 14 and require parental permission for 14- and 15-year-olds. It was slightly watered down from a proposal DeSantis vetoed earlier this month, a week before the annual legislative session ended. 1 Quote Link to comment Share on other sites More sharing options...
Satchmo Posted March 26 Share Posted March 26 Just now, Elias Pettersson said: Sorry, I don’t watch CNN or any other of the propaganda channels on tv. Me neither. I do follow many online news sites including CNN. Once two or three of them start saying the same thing I begin to put some faith in their opinions. None of them have my complete trust though. I have no 'interest' in it tanking really. I just think it's the most likely event based on the current state of things. Quote Link to comment Share on other sites More sharing options...
Elias Pettersson Posted March 26 Share Posted March 26 2 minutes ago, Satchmo said: Me neither. I do follow many online news sites including CNN. Once two or three of them start saying the same thing I begin to put some faith in their opinions. None of them have my complete trust though. I have no 'interest' in it tanking really. I just think it's the most likely event based on the current state of things. There are lots of people who follow Jim Cramer for advice. He's been on CNBC since forever. If you followed his advice you would be bankrupt by now. He was one of the first guys I tuned out a long time ago. Since then, I don't really take advice or listen to anyone on tv... 1 Quote Link to comment Share on other sites More sharing options...
the destroyer of worlds Posted March 26 Share Posted March 26 9 minutes ago, RupertKBD said: The so-called part of "freedom" proves (once again) that it isn't: https://www.msn.com/en-ca/news/science/florida-s-desantis-signs-one-of-the-country-s-most-restrictive-social-media-bans-for-minors/ar-BB1kuXvb?ocid=hpmsn&cvid=0014d31e05da4fa6bdd0869476130596&ei=27 QOP: Bans those kids from social media. 13 year old gets pregnant QOP: Gotta carry that kid to term. Old man wan't to marry 14 year old QOP: sounds reasonable 1 Quote Link to comment Share on other sites More sharing options...
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