Holy shit I didn’t realize it was worth that much that’s crazy
It wasn’t.
Like everything trump touches, it was ridiculously overvalued
he’s like king midas except instead of gold everything just gets slathered in shitty bronzer
People are starting to realize everything he says is a joke? I can’t imagine actually trusting an investment to anything he touches.
No, people do not. Roughly 50 % would still vote him.
Yeah, unfortunately I’m aware. Of course it’s just making it more obvious every day that 50% of the population are below the average intelligence.
Well yeah, that’s how averages work. But what isn’t obvious is why so many trump followers are intentionally and proudly ignorant, going so far as to attack education as being nothing but indoctrination
There’s a big overlap between trump followers and conspiracy theorists
Agreed… It’s unfortunate that we’re finding out so many people didn’t take their education seriously.
And GenocideJoe voters are above in intelligence? Sounds like Nazi liberals.
Aww aren’t you cute, advocating for following someone who already tried to destroy democracy once and is telling everyone he plans to do it again. One of these candidates has actually quoted Nazi propaganda, and the other has actually made your life better. Maybe you should put more thought into your attempts at slurs.
America has no democracy under those 2 parties. And last I checked, a young Joe Biden advocated for the need of an Israel state. Yeah, that genocidal colony doing things right now. And last I checked, Biden was the one who upped military budget by $100 billion. USA also has this Communist Control Act from 1950s, might wanna check. And USA was the inspiration for Hitler’s racial segregation policies.
Maybe you should stop supporting Anglo fascism.
Less than 30%. A full third of the USA can’t be bothered to vote at all
Don’t forget the gerrymandering and efforts to make it unreasonably difficult for people to vote.
Roughly 50 % would still vote him.
Evidence?
The last election and current approval polls?
remember, less than 50% of people who voted voted for him. Over a million more people voted for Hillary than Trump. Largest loss in both % and people in history, I think (for a winning presidential election).
Trump Steaks? No?
This is the best summary I could come up with:
Former President Donald Trump’s fledgling media business is losing its sheen among investors a week after going public, with a sharp reversal in the company’s stock price lopping $4 billion off its value.
The plunge in Trump Media & Technology Group’s shares, which debuted on the Nasdaq Composite Index on March 25 under the ticker “DJT” (after the former president’s initials), comes as it disclosed mounting losses in a regulatory filing.
Shares of Trump Media & Technology Group, whose primary asset is the Truth Social platform, tumbled $14.50, or 23%, to $47.46 in Monday afternoon trading.
To be sure, Trump Media continues to maintain a heady market capitalization for a business that’s in the red and that booked just $4.1 million in revenue last year.
Yet Truth Social has positioned itself as an alternative to more established tech giants such as Meta’s Facebook, which also endured losses in its early years.
“GameStop was the meme stock of a lifetime, but Trump Media has put it to shame,” Michael Pachter, an analyst at Wedbush Securities, told the Associated Press last week.
The original article contains 401 words, the summary contains 179 words. Saved 55%. I’m a bot and I’m open source!
Do people actually use that?
So he has no way of cashing out?
Not for six months
Unless their board approves an earlier date.
It’s just another roundabout way to accept bribes. Don’t be surprised if we find out later on that the Saudis or the Chinese bought a bunch of this stock. If he gets elected this stock will skyrocket.
Boy, I sure miss the Emoluments Clause.
If only they decided to add a punishment to those presidential crime laws. Pretty naive to count on congressmen to do the honourable thing and impeach.
headlines like this are always so silly. it’s a shitty meme stock that went up for a single day and has been down ever since. it “gained” 4 billion for like a single day.
I think they’re good because it really highlights that “the rules are made up and the points don’t matter” is actually a better description of our economy than anything an econ student could come up with.
What a great businessman! Much smart! So WOW! Big brain.
What is the antonym of ‘go woke go broke’ pls?
Go fash lose cash
Turn alright feel the plight
Go fash lose your ass?
One more overvalued trump property. Are we surprised?
Benefit with this one is everyone can short it once the option trades become available
I am a bit surprised. I figured it would be an easy way for fat cats to pay off Donnie’s massive debts and make him look like a big shot.
I’d love to be the fly on the wall when the top GOPs meet up with the main donors.
How is a mastodon instance assigned a value?
I believe they did an IPO
My reaction when my instance admin “does an IPO” and basically sells my contributions and my data to the highest bidder
It feels like someone is pumping the stock up.
Not your average small business owner either, someone with weight is basically defying every metric of long term/short term investment on a stock that has done nothing but depreciate in value over the past year.
On a product, no one uses.
And said, “That’s worth at least as much as Amazon.”
Trump has people trying to get his base to buy the stock with the express purpose of pumping it up to give him more assets to work with to fund his legal battles.
I wouldn’t be surprised if the SEC is currently investigating it because they haven’t been trying to hide it at all.
Sounds like the work of Blackrock or gs
Blackrock may have deep pockets but they’re not that idiotic.
They are corrupt and if they want to help Trump get into office so their shady investments can continue then it wouldn’t cost them even pocket change to pump up trump stocks. It’s such a small amount of money to them they probably assigned an intern to the account.
Maybe so, but they’re also on the opposite side of the aisle. The company that owns Sweet Baby Inc. and deliberately pushes inappropriate levels of DEI via bribery-with-extra-steps probably isn’t about to aid or endorse a Republican, especially one who’s that brazen about the shitty things he does.
what the fuck kind of gamergate 2 horseshit 😂
Don’t believe everything you read on Wikipedia about that situation, it’s sourced from articles written by people with victim complexes who want to control the narrative. My point is that BlackRock is too liberal to support Trump.
my boi you literally went out of your way to implicate Sweet Baby Inc. of all people in political nonsense. I think I know the other places you post in your downtime. at least own your bullshit with your whole dogmade chest.
Bud, I know it’s pretty easy to jump down into conspiratorial rabbit holes whenever talking about Blackrock, vanguard, etc but let me ask you this:
Which sounds like a more solid plan? Investing in a platform that was dead in the water from the start, with no financial future. Or just donating to a bunch of politicians that are okay with your business practices?
I’m not saying they aren’t causing a good bit of harm but you don’t become the largest investment management firm on the planet by being that stupid
I mean, the more solid plan is to back the president that cut taxes for the rich, as opposed to a president whose promised to increase taxes for the rich.
So I don’t think a straight value proposition analysis applies to entities whose assets under management exceed the GDP of most countries and who are already deeply involved in the politics in the form of lobbying.
Then let’s assume the people in charge want Trump back in office. Wouldn’t it just make more sense to make political contributions to him and others sympathetic to his platform? That carries less reputational risk than investing in a known to fail platform.
Plus it’s worth mentioning that those are assets under management ; they have to answer to their investors for every time they allocate. They can’t just freely swing that around like most people think
rip bozo, lmao. looks like you cant sustain a social media network around a personality cult around some wet old dude.
Looked like it was enough to get him bail, though
Not bail specifically, it’s a bond. A bail keeps you out of jail until a court judgement has been made, a bond keeps the court from taking your assets away to pay off a debt (including from a previous judgement). The bond is held by the court until appeal is over, then given to the winning party when the final judgment is in.
Trump selling truth social stock was so that foreign entities could legally give him money so he could pay the bail for the NY case.
he cant sell any, hes lokced to it for 6 months
Doesn’t need to, it’s asset that can be used for collateral.
