Donald Trump - MAGAtwat news and discussion

[moochedit]

Reality slowly dawning...

Trump Supporters Horrified as the Value of Their "Truth Social" Stock Evaporates

Screaming Into the Void Despite an astronomical number of red flags, investors who poured their hard-earned cash into former president Donald Trump's Truth Social meme stock are experiencing a rude awakening. As the Washington Post reports, Trump supporters are seething as the value of the...

uk.finance.yahoo.com

 

[two sheds]

Did Trump sell large amounts of his stock when the prices were high but can't yet cash in until the regulation six? months has passed?

I saw one poor sod went all in to buy and bankrupted himself when the prices shot up and he got loads of expensive worthless stock.

 

[WouldBe]

Sprightly Don has apparently been falling asleep in court today. No cameras, sadly.

Can you die from boredom?

 

[Jeff Robinson]

Reality slowly dawning...

Trump Supporters Horrified as the Value of Their "Truth Social" Stock Evaporates

Screaming Into the Void Despite an astronomical number of red flags, investors who poured their hard-earned cash into former president Donald Trump's Truth Social meme stock are experiencing a rude awakening. As the Washington Post reports, Trump supporters are seething as the value of the...

uk.finance.yahoo.com

Some still don't seem to realise that they were hustled by Trump though

"Sick of MY investment money being stolen!!" one user wrote in a Truth Social post, as quoted by WaPo, accusing Wall Street of unfairly shorting the stock. "They’re stealing peoples [sic] money and you’re allowing it!!"

 

[cupid_stunt]

Reality slowly dawning...

Trump Supporters Horrified as the Value of Their "Truth Social" Stock Evaporates

Screaming Into the Void Despite an astronomical number of red flags, investors who poured their hard-earned cash into former president Donald Trump's Truth Social meme stock are experiencing a rude awakening. As the Washington Post reports, Trump supporters are seething as the value of the...

uk.finance.yahoo.com

"Sick of MY investment money being stolen!!" one user wrote in a Truth Social post, as quoted by WaPo, accusing Wall Street of unfairly shorting the stock. "They’re stealing peoples [sic] money and you’re allowing it!!"

Yeah, blame Wall Street, because the truth hurts.

The latest plunge comes after TMTG announced it was planning to issue millions of additional shares.

Most of these seem to be what Trump holds.

As of this morning, shares have fallen well below $30, significantly less than what they were worth at the time of TMTG's merger and well under half what it was worth just two weeks ago.

Analysts have been shouting from the rooftops that Trump's cash grab was nothing more than a "scam" and that investors should stay far away. Yet plenty of the former president's most diehard fans have yet to be dissuaded.

Let's ignore that and keep the faith.

"I know good and well it’s in Trump’s hands, and he’s got plans," 71-year-old Oklahoma City native Jerry McClain, who invested in the stock, told WaPo. "I have no doubt it’s going to explode sometime."

 

[prunus]

Did Trump sell large amounts of his stock when the prices were high but can't yet cash in until the regulation six? months has passed?

I saw one poor sod went all in to buy and bankrupted himself when the prices shot up and he got loads of expensive worthless stock.

He's not supposed to have been allowed to, no, nor to securitise against them (use them as collateral for a loan "liening" against them) ; however there are always ways around this (if you can find a buyer) - off-book options contracts for instance (ie an agreement to sell them to a specific person in future, which can have a floating price based on the actual price after the expiry of the moratorium), which he can (potentially) sell for a premium now to raise cash. This might be technically prohibited as if it were a lien (depends on the terms of the lock-in), but he could still do it if the buyer is willing to take the risk and there'd be little chance of being found out. Or it might not be.

Ie I pay Trump $100m now for the right to buy $500m worth of stock when he's allowed to sell it for $250m (the $500m being based on the value at the time, not now). There are risks for the buyer of course (eg if it goes to zero then there's no way to buy $500m worth), and tax implications for the buyer (acquiring stock at undervalue - albeit there will be offshore structures to mitigate that). But with the right values for the $100m and $500m and $250m it could be worth it.

Basically there are always structures to do anything one wants, with the right amount of indirection and/or obfuscsation. So it's not impossible he's raised cash on the back of his holdings already.

 

[cupid_stunt]

That peak came a couple of days after Trump Media merged with this shell company, now they're worth less than the shell company was worth a month ago, before the merger.

 

[NoXion]

In fairness, incontinence is an awful ailment and perhaps it is time for him to retire, if this is the case. But vanity and entitled apparently keep him motivated.

In fairness, I hope Diaper Donny shits himself to death.

 

[beesonthewhatnow]

<insert Windsor Davies gif here>

 

[story]

I don’t think he will, personally. Not convinced by US polling. Maga candidates have been doing worse than expected, possibly because even Republican women don’t really want Gilead. By November, he’ll sound even more paranoid and ugly about his legal issues - and more and more like a loser. His core vote won’t be enough.

Remember when truckers and ex pats and people being directly benefited EU£ all voted for Brexit because forriners?

Yeah, that. A lot of Trump supporters don’t suppose that any of the stuff the far right might bring in will disrupt their own lives, because they’re living correctly and it’s everyone else who’s getting it wrong.


See also how people who have gone bankrupt buying Trump stock are blaming the market, not the person who is fiddling the market using them as the bow.


There are an increasing number of younger voters attending Trump rallies. The “maga morons” are the ones getting filmed and mocked but there is a sizeable number of more rational, less rabid voters who are genuine Trump supporters.

I’m still worried.

 

[krtek a houby]

In fairness, I hope Diaper Donny shits himself to death.

With the amount of bullshit he's come out with over the years, will anyone notice?

Remember the ever expanding number of fibs, can you imagine what it is at now?

This from a few years ago

https://www.washingtonpost.com/politics/2021/01/24/trumps-false-or-misleading-claims-total-30573-over-four-years/

 

[krtek a houby]

Obviously, most politicians lie

 

[cupid_stunt]

View attachment 420145

That peak came a couple of days after Trump Media merged with this shell company, now they're worth less than the shell company was worth a month ago, before the merger.

So, yesterday the price dropped to $26.61, down 8.97% in a day, following the news they were going to sell millions of more shares, mainly owned by Trump.

Today they announced they are going to launch a steaming service, the market is not impressed, down 9.87% to $23.98 in just over an hour & a half since trading started.

 

[Silas Loom]

So, yesterday the price dropped to $26.61, down 8.97% in a day, following the news they were going to sell millions of more shares, mainly owned by Trump.

Today they announced they are going to launch a steaming service, the market is not impressed, down 9.87% to $23.98 in just over an hour & a half since trading started.

View attachment 420185

It’s certainly a steaming pile of something.

 

[Raheem]

I think there's no doubt from this image that Trump does indeed wear a nappy - even in court

View attachment 420132

Nah, they put a cork up him. That's all arse.

 

[prunus]

So, yesterday the price dropped to $26.61, down 8.97% in a day, following the news they were going to sell millions of more shares, mainly owned by Trump.

Today they announced they are going to launch a steaming service, the market is not impressed, down 9.87% to $23.98 in just over an hour & a half since trading started.

View attachment 420185

Not much money in the laundry business these days I guess.

 

[cupid_stunt]

So, yesterday the price dropped to $26.61, down 8.97% in a day, following the news they were going to sell millions of more shares, mainly owned by Trump.

Today they announced they are going to launch a steaming service, the market is not impressed, down 9.87% to $23.98 in just over an hour & a half since trading started.

View attachment 420185

Down by exactly 12.5% now, just under 3 hours into trading today.

 

[Raheem]

Looks suspiciously like Trump has set up a scam where various of his cronies get rich but he doesn't.

 

[Nylock]

I saw one poor sod went all in to buy and bankrupted himself when the prices shot up and he got loads of expensive worthless stock.

Good. I have less than zero sympathy for arseholes like that.

 

[moochedit]

See also how people who have gone bankrupt buying Trump stock are blaming the market, not the person who is fiddling the market using them as the bow.

By the end of week they'll probably be saying it was Biden's fault

 

[two sheds]

The market is being blamed apparently

 

[hipipol]

Currently 14% down on the day, with another 3 hrs of the NASDAQ being open

 

[Dogsauce]

We can fantasise about it crashing to zero, but the reality is that the user base will likely be America’s most gullible and suggestible demographic, an absolute dream for advertisers, you could sell them absolutely anything, and that has to be worth something.

 

[krtek a houby]

The market is being blamed apparently

NATO next

 

[goldenecitrone]

Apparently, one of the lawyers on Trump's legal team also represented Benny Eggs of the Genovese crime family in his New York trial.

It seems that Trump has out-mobstered Benny Eggs by going after the judge's daughter like he has.

Even the Mafia has standards.

 

[cupid_stunt]

We can fantasise about it crashing to zero, but the reality is that the user base will likely be America’s most gullible and suggestible demographic, an absolute dream for advertisers, you could sell them absolutely anything, and that has to be worth something.

Yeah, but there's not enough on Truth Social to make it worthwhile advertising, hence why their income has been so low, and losses so high.

That seems like a very high price, it's estimated to have around 650k monthly users, so £3bn = over $4,600 per user.

Musk paid $44bn for over 500m users on twitter, just $88 per user, which many thought was far too high.

 

[Bahnhof Strasse]

Yeah, but there's not enough on Truth Social to make it worthwhile advertising, hence why their income has been so low, and losses so high.

Sell the list of dinlos who bought stock to the advertisers…

 

[cupid_stunt]

So, yesterday the price dropped to $26.61, down 8.97% in a day, following the news they were going to sell millions of more shares, mainly owned by Trump.

Today they announced they are going to launch a steaming service, the market is not impressed, down 9.87% to $23.98 in just over an hour & a half since trading started.

View attachment 420185

Down by exactly 12.5% now, just under 3 hours into trading today.

With those big drops earlier, I was hoping it would drop by as least 15% today, but it's kept jumping up and down this afternoon, and as I am about to go out, the best I can do is this screen garb, showing it's down by just over 14% today, with an hour more trading today.



It should continue to go down, because the business is worth next to fuck all, and it's basically trading junk shares, but the MAGA twats that refuse to believe that. could push the price up a bit again.

 

[Kaka Tim]

Obviously, most politicians lie

generally they dont out right lie and not often- they are disengenuous, they make sure they have wriggle room, they obsfucate and bullshit (and they kind of have to). How many policticians get done for "misleading the house"? (outright lieing) its very few becasue they are usually smart enough to not get entrapped - and fear the consequences of losing public trust.
Blair certainly mislead the public over Iraq - to what extent its was deliberate and how much was his messianic ego driven zeal is hard to say - but I cant think of any other examples where he did to that the same extent. And he was extensively grilled over his WMD bullshit - and it damaged him to the point where he gave up the premiership and his reputation is permanently tarnished. It is a cautionary lesson for other politicians.

However Trump (and johnson - to a lesser extent) spews complete falsehoods without a thought - so blatantly and frequently you get drowned in it - and they drag their oppoenents down to their level in the eyes of the public in the process. When he gets accused of lying he will come back with "what about biden? he lied about x,y,z!" (when they didn't) . Net result - more and more people just go with "all polictiticans lie and they are all as bad as other". But they arent - Trump and his ilk are toxic and dangerous, they effectivley destory trust and truth accreoss the board allowing toxic untruth to gain creedance and followers. They happily incite violence and hate - there are enough lessions in history about how they are a different, far more dangerous breed than the standard smiling, slimey suite who govern us.

 

[Dogsauce]

Sell the list of dinlos who bought stock to the advertisers…

I think the country they’re from is under sanctions at the moment for invading Ukraine, so might be a tricky sell.