neffstradamus
18250
404
11
https://popular.info/p/the-secret-to-changing-trumps-mind
Mar 25, 2024 12:13 PM
neffstradamus
18250
404
11
https://popular.info/p/the-secret-to-changing-trumps-mind
stxae9ud9x101
So “inflated assets “ weirdly sounds familiar…
languex
Sign-ups:
Timetoupdatemyusername
Teenage Mutant Trumpy Gurgle
cosinewave
The company is not turning a profit and is certainly not worth $3B public or private. The accounts are likely his base plus some curious onlookers, members of the press, and a shitload of fake accounts setup to bolster the numbers to make it look good to investors.
sadurdaynight
Looks like a pump n dump. Much like mlm, folks on it early and know what's going on will cash out and get a windfall while late comers and idiots/beleivers will get stuck losing their shirts
eromitlab
Or, it's rich fucks throwing their useful idiot Turmp an undeserved lifeline to get the fascist theocracy that will make them even more money.
sevenfingerman
The more I hear about truth social, the more I am convinced that it is a blatant money laundering system set up to allow various people/organizations publicly bribe Trump.
Woahouch110
Absolutely, so is the listing of this company. This cunt pays for gum with two 20s his need to launder is so great.
ricpaul
That's the only reason I can think of too. The current valuation is close to Xitter. That money pit at least has some decent people in it that haven't left the sinking ship yet and still has some worldwide reach. Truth Social is more like the billionaires home-made-sub. It has never even floated so it cannot sink, but it can implode...
sevenfingerman
I suppose it makes more sense than a “go fund me”
Rascael
Wait one month after it goes public... "10 shares for a dollar... get your TRUTH SOCIAL shares FOR A DOLLAR.." :TRUMP CERTIFIED...
Exyr
Truth social is worthless. If trump ever tried to sell any stocks the price would drop to like a penny.
AgnosticPaladin
Not if he sold to his Russian friends (I.E. FSB asset controllers).
UsernameMayBeSubjectToChange
Any guesstimate of how many are bots?
XXXSpork
Not a good return on investment when the entire site is to spread misinformation and scams.
stronomer
105%
TheVampireDante
Ask elon, he's probably the one farming out the botnet to him.
sadurdaynight
Elon wanted trump to come back to twitter early on. And trump told him to get lost. Elon was the idiot there, bc trump just got his social business going. So why would trump help elon support his competing business? Makes no sense from a bus perspective, and showed how dumb elon was as business. "i know you just got your burger joint going, but come eat at mine so it will drive more business to me." Trump can be dumb but he's not that dumb. Plus trump wants to be in control.
bladderinfection
100%. If you are a human person genuinely using Truth Social, you are a robot for Donald Trump.
Xenarion
I wish that was true.
Beldie
There's dozens of real people who are on Truth Social to scrape the latest word vomit from Trump off the floor and report on it during the nightly news. Unfortunately stuff he says still matters because he's the nominee, and someone still has to remind everyone that the horrible stuff he's saying is in-fact horrible, and links back to past fascism.
mikeatike
They Might Tea Giants
oldguyexlurker
I'm betting the entire thing is set up as a way for 'dark money' to bail the asshole out and try to get him elected. Routed enough times, the majority would probably trace back to more than just one foreign country that would prefer a malleable US president with a bridle. Whether one subject to direct and specific control, or just one that they know exactly how to make do what they want due to his simplistic personality.
draregerreip
Chinese funding, a bet that he will become president again next year and will be owing to his "investors". Disgusting but seriously, to purchase a guy who as a reasonable chance to be the next US president for the low price of 300 Million USD ... that's a price the chinese (or russian) goverment has no problem paying...
michaelfire
No. It's a nakedly corrupt vehicle for oligarchs and foreign governments to secretly funnel money, bribe Trump.
exploren
A grift by any other name...
eastend666
I appreciate this good news. I just hope share value collapses before he's allowed to cash in.
neffstradamus
I doubt the controls on the "no share sales" clause, since, you know, presidents have permanent immunity.
natebitatibetan
I heard commentary that the current value is 1000x earnings. It's a falling knife.... Trump won't see much as the price goes south before he can sell...
FractalShoggoth
Before its inevitable implosion, I encourage everyone to make a Truth Social account just to stare in awe. It really is something to behold, employing verbs on the UI like "Truth" and "ReTruth" with no irony.
It's like 1984, but instead of brilliantly sinister social engineers, The Party is instead ran by Facebook Boomers who still post their Google queries by accident. It really is a singularly surreal experience, and I can't recommend it enough.
Ilickedthecinnabar
Oh wow. Yet another Trump business venture becoming a financial black hole. Color me NOT surprised.
JinxRocks
Like all things Trump, its a money laundering scam. Every investor is going to get screwed hard before its over. Just like his steaks, vodka, mortgage, tv station, board game, cruise line, etc....
tinyCabbage
SPAC's e.g DWAC is a complete scam, the large majority of SPAC go on to fail. SPACs are basically setup to be listed on the stock exchange, they don't actually produce, sell, offer service of anything. They are there to just look clean, so they can be listed on the stock exchange. In comes a shitty company that can't get listed for whatever reason (funky accounts, wink wink), merges with a SPAC, and bam, they're listed on the stock exchange.
MrKomisiripala
Watch how a “fundraiser” mail goes out to everyone in the GOP database to buy shares to “Support Trump who’s fighting for you”. These will magically disappear 5 minutes after 180 days have passed the IPO date. Y’know the 5 minutes it will take him to dump his shares.
colderfish
Reminds me of breaking bad, when the used "donations" over the Internet
genericanamoly
Annnnnd he got 10 more days to secure a new way less amount of money to secure his bond. So not shocked.
sadurdaynight
Good lord. Every day this guy demonstrates there's two different justice systems, and the rest of us just stare on in exhaustion.
RoYoMi
Rules and punishments are not for the rich.
TheOneTrueZippy8
As with all things Trumpian, the answer is "because he says so". No sane or recognised metric has this venture as anything other than a money pit.
khora
It's a purchase opportunity for foreign influencers.
n0n53n53
fake it till you fake it
Corrodias
worth whatever someone would pay for it, like Musk
EggFooYung
The market is nothing but sentiment. Like any stock valuation, it's worth whatever people are willing to pay for it. If stupid people are willing to spend a shitload of money to buy it, it's worth a shitload. Stupid people's money spends the same.
UserNamesArentEasy
Does truth social allow for hosted video? If so we should all join and spam upload videos so they have more costs to cover.
Neurisko
It's imploding pretty well on its own. No need to pump up any of their numbers.
UserNamesArentEasy
But, I want to ensue chaos. :(
killbillsexwife
He would also have to sell his stake.
imgGRR
i think you have to wait some period of time like 6 months before you can sell those shares - it may already be delisted by then
SheepySleepySmuggler
Part of his stake - although I suspect his plan would be to use the shares as collateral for a loan. I will just mention that overvaluing a company based on stock options to finance an appeal against charges of fraud for overvaluing property is an... interesting...tactic.
RawSugarPackage
Unless the board makes an exception, he not allowed to for at least 6 months.
SheepySleepySmuggler
I would expect some sort of exception then - no point inflating the value if you can't use it to pay your way out of the current set of problems.
crusadurus
*sigh* shorting this stock is prob a good idea but i dont have the time to try and figure out how to start gabling on that...
fractalsphere
Ohhh so if they do have an IPO, and make money, Trump would immediately use that as an ATM and destroy any value it has from selloffs. Dumping stock is usually a way to drive the stock price DOWN, right?
MH9009
DWAC is a SPAC, the merger is a way for Truth to go public without an IPO. There's a lockout period so even if the share price skyrockets Trump has to wait to dump his shares. But, yes, if he sells or even mentions selling the price would crater.
ThePunishersVengefulBrother
He has to wait unless it's approved by the Board, which includes his family.
kriswinters
I believe two people are suing to stop the merger because they're saying that Trump is trying to screw them with how it's done. So that suit will have to be settled before that can happen.
Firestar002
Ooh. Let’s hope it goes VERY slowly.
InfocalypseRising
The guy who notoriously screws absolutely everyone is trying to screw somebody? Say it ain’t so
FallingStar7669
And with a lawsuit, no less!
gesel
Given Trump owns 55% and is under multiple indictments that would materially effect his rule and the value, it is only fair to traders that the SEC halt any activities until either trump is no longer a materially significant entity in the company or all significant pending rulings are resolved.
gesel
Goddamn bastard found some federalists to ignore justice and save his ass from accountability yet again. We're fools for ever thinking their Cyrus/Esther will ever face any justice or consequences while religious and fascist extremists have so thoroughly compromised the justice system.