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tsonfeir ,
@tsonfeir@lemm.ee avatar

One of these days this man is going to accidentally sue himself

iAmTheTot ,
@iAmTheTot@kbin.social avatar

Nah, it'll be on purpose.

Natanael ,

But he’ll sue himself with the wrong forms in the wrong court

ArtVandelay ,
@ArtVandelay@lemmy.world avatar

Courthouse Total Landscaping

SkyezOpen ,

I’ll always cherish trump for giving us that presser though. Like, EVERYONE knew they meant the hotel, and rather than changing venue when they couldn’t secure it, they grabbed something with the same name and pretended it was intentional. Just truly amazing. Like a child with a chocolate covered face saying the dog ate the cookies.

jkrtn ,

I read a theory that they had to change the location because the hotel was near a school and someone in their group was legally barred from being that close to children.

SkyezOpen ,

While there was a sex offender that spoke at the conference, the Trump campaign actually changing the venue because of that one person implies either

  • they care about keeping sex offenders away from kids

Or

  • they respect the law

Since neither are true, I don’t think the theory stands up to scrutiny.

ArtVandelay ,
@ArtVandelay@lemmy.world avatar

And still lose

theodewere ,
@theodewere@kbin.social avatar

he wakes up in the morning, looks in the mirror: "so who are we screwing over today"

Supervisor194 ,
@Supervisor194@lemmy.world avatar

Every one of these people:

https://lemmy.world/pictrs/image/5aafe05b-251c-4724-a97f-9a6b508272c4.jpeg

some_guy ,

I for one enjoy irony this delicious.

iAmTheTot ,
@iAmTheTot@kbin.social avatar

It's not ironic nor unexpected to anyone that's paid the smallest amount of attention to the news in the past eight years.

BaroqueInMind ,

So Trump Media is operating on a revenue stream of 4 million a year, and is reporting a yearly loss of 58 million. How the fuck is that company’s stock rated at $60/share?

AlwaysNowNeverNotMe ,
@AlwaysNowNeverNotMe@kbin.social avatar

Economics aren't science.

DragonTypeWyvern ,

Yes they are

Bridger ,

It’s a money laundering shell

originalfrozenbanana ,

Rational markets 👍

Stupidmanager ,

Well first, throw logic out the door and you’ll come by your answer a little easier. hint, it’s because of capitalism.

Kid_Thunder ,

Share price has never really been a representation of company health. Shares are traded at what people will buy them for. There also may be a lot of short selling going on waiting for the plummet.

AbidanYre ,

DJT and RDDT both had a bit of a dead cat bounce today.

_dev_null ,
@_dev_null@lemmy.zxcvn.xyz avatar

It’s a vehicle for trump to accept foreign money, that’s how.

Semi-Hemi-Demigod ,
@Semi-Hemi-Demigod@kbin.social avatar

Money laundering

SkyezOpen ,

Tax fraud.

Asafum ,

I wouldn’t be surprised if it’s just like essentially “Trump Bitcoin.” Effectively worthless but he’s got a gigantic pool of people who will throw money at him.

Teon ,
@Teon@kbin.social avatar

Lies.
Like his whole life.

RagingRobot ,

He overvalued it like he does everything he owns. The same thing he already got in trouble for in new York. This time it’s with a fake tech company instead of real estate.

Windex007 ,

You can set the initial sell price in an IPO but nobody is obligated to buy it. Markets determine market price, and especially in tech they’re speculative in nature. This is in no way shape or form the same as what he did with his real estate.

This current valuation is probably propped up by the same idiot base who buys his Bible’s and NFTs, or by foreign (or domestic) investors looking to indirectly buy his favour in anticipation of a 2nd presidency. Maybe a combination of the 2.

paddirn ,

I wonder if there’s actual serious investors valuing it that high, basing it on the possibility of a Trump win in the presidential election? Trump comes to power, does all his crazy fascist things and becomes dictator-for-life, and Truth Social becomes THE state media. Stock in in any other media company becomes worthless when Trump starts using the power of the presidency to shut them all down and we’ve only got one state-owned media company reporting on everything. It’s scary, but as an investor it might make a certain amount of sense.

Windex007 ,

Given how much government money was spent at mar-a-lago it’s not at all absurd to say that part of the market price is based on the speculation of DJT receiving favourable government treatment/contracts if we see a second Trump term.

I’d be curious to see how tightly polling correlates with DJT market value. It’s basically a corruption perception R2 index.

FlowVoid ,

It’s worth $50, not $60. Anyway, share prices are arbitrary because they depend on the number of shares.

Trump Media has a market cap of $5b, about the same as Lyft which also hasn’t turned a profit.

Veedem ,
@Veedem@lemmy.world avatar

Lmao these idiots should have expected something like this.

Davel23 ,

Former President Donald Trump has sued the co-founders of Truth Social, alleging they mismanaged the social media platform early on and should therefore lose their stock in the company, which recently went public.

If mismanagement is enough to prevent someone from owning stock, Trump should not own a single share of anything.

FiniteBanjo ,

Well, honestly, Trump should not be allowed to own a single share of anything for many great reasons imo.

Worx ,

Everyone says they’re the greatest reasons, in fact

girlfreddy ,
@girlfreddy@lemmy.ca avatar

Tremendous even.

homesweethomeMrL ,

flappy accordion hands

bitwaba ,

The best

ObviouslyNotBanana ,
@ObviouslyNotBanana@lemmy.world avatar

Some of the finest reasons, I’ve heard

turbowafflz ,

He has a great relationship with the reasons

psmgx ,

If mismanagement is enough to prevent someone from owning stock, Trump should not own a single share of anything

I agree, though this is par for the course as Trump behavior goes. He’s got a long history of doing shady shit, screwing over partners and vendors.

Lemminary ,

I’m glad that people are learning the hard way not to trust him, although I would’ve preferred it if they had listened. I’m enjoying this shit show!

CileTheSane ,
@CileTheSane@lemmy.ca avatar

The stock isn’t going to be worth anything by the time the case gets resolved anyway.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

I was going to ask which one of these people is the biggest idiot and then I realized the answer was yes.

solidgrue ,
@solidgrue@lemmy.world avatar

One if those “Never go in with a Sicilian when death is on the line” scenarios.

/hahahahaha— <thud>

CraigeryTheKid ,

inconceivable!

Balthazar ,

You keep using that word.

ettyblatant ,
@ettyblatant@lemmy.world avatar

I do not think it means what you think it means.

Ultragigagigantic ,
@Ultragigagigantic@lemmy.world avatar

Anybody want a peanut?

SupraMario ,

This is a perfect example of rats eating each other.

fine_sandy_bottom ,

Well yeah but they’re billionaire rats.

jkrtn ,

He’s been defrauding contractors, backstabbing, and throwing people under the bus for decades. Even a grifter would have to be high as fuck on pure greed to have any business interaction with Donald.

It’s hilarious that these scammers also received an inevitable betrayal. I hope they lose all their money and the stock crashes before Donald can get anything significant out. What a delight to see any of these lying con men lose it all.

PhAzE ,

A trump never pays his share

gregorum ,

Lol

carl_dungeon ,

Trump should sue himself for being a dipshit

Rocketpoweredgorilla ,
@Rocketpoweredgorilla@lemmy.ca avatar

I was going to comment that he’d win at that at least, but for some reason I think he’d fuck that up too.

TechAnon ,

He tried but his best lawyers messed up the paperwork.

CarbonatedPastaSauce ,

Pointless, he wouldn’t be able to pay for the damages he’d owe himself.

YurkshireLad ,

“Without Mastodon , Truth Social would have been impossible,” the filing should have said said.

someguy3 ,

Why’s that?

CameronDev ,

Its Mastadon + MAGA lipstick.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

MAGAstodon.

Hobbes_Dent ,

MAGAsturbating Don.

halcyoncmdr ,
@halcyoncmdr@lemmy.world avatar

It is literally a Mastodon instance with no ActivityPub federation.

Tinidril ,

That’s awesome. They had no significant development costs and still racked up a $15m loss in the last year. Yep, definitely a Trump enterprise.

orclev ,

That’s because they have no revenue and significant operating costs. Turns out there’s not much money to be made in providing a platform to Nazis and conmen. There are all the MAGA idiots on there, but what little wealth they have has already been tapped out by the dick pill salesmen, their pastors, and Trump himself (plus whatever the latest pyramid scheme they’ve signed up for this week is peddling).

DragonTypeWyvern ,

Well, there actually is, if you say the things the Kochs want you to say

Tja ,

The Koch*

CarbonatedPastaSauce ,

Turns out there’s not much money to be made in providing a platform to Nazis and conmen.

I love this. For some reason this particular train wreck is giving me a small glimmer of hope for the future.

fine_sandy_bottom ,

Turns out there’s not much money to be made […]

Sadly I don’t think this is really true. That’s why at least some idiots think the platform is worth $11bn. Users don’t need to be wealthy, just stupid enough to click an ad for said dick pills.

uienia ,

Theres lots and lots of money to be made. The poorest ones will happily go into debt to support the various grifters. Truthsocial is basically nothing but grifting posts of the Trump base.

Tinidril ,

Well sure, but I could provide a platform for Nazis and conmen for a hell of a lot less than $15m/year in operating costs.

ImADifferentBird ,
@ImADifferentBird@lemmy.blahaj.zone avatar

Well, you have to price in all the graft.

originalucifer ,
@originalucifer@moist.catsweat.com avatar

i almost feel bad for these guys.. but i dont. its common knowledge that no good comes from going into business with trump

FakeGreekGirl ,

Yeah, I feel nothing for these people. They knew he was a snake when they took him in.

TropicalDingdong ,

https://lemmy.world/pictrs/image/bc5319f9-5070-4fe0-b298-55bb2b8d1dca.gif

dynamojoe ,

Each one of Trump’s business partners thinks “I’m not gonna get screwed by this guy!” and in the end each one of them does.

Igloojoe ,

Surely the 40+ years of people saying he’s a con man narcisist are surely wrong.

TrickDacy ,

nO oNe SaId He WaS a CoN uNtIl He RaN fOr PrEsIdEnT

-my parents, who give zero fucks about all the counterexamples given to this idiocy

jkrtn ,

You’d think after walking past hundreds of guys with knife stabs in their back they wouldn’t enter a business deal with the dimwit waving a bloody dagger around.

fmstrat ,

Took him in? They pitched the idea. They deserve what they get.

experbia ,
@experbia@lemmy.world avatar

there are always the people in every horror movie who think that if they deliver their friends into the open drooling maw of the monster stalking them, they’ll get a reward.

the “reward” is usually at least as bad as their friends’ fate. it’s just narcissism really. they think they’re more like the enemy than they are like their friends, so it would be natural to spare them. but they’re all just meat to the monster.

trump is just a shitty xenomorph. small hands instead of small mouth, and substantially less physically threatening. I think they both probably have the acid blood though.

EdibleFriend ,
@EdibleFriend@lemmy.world avatar

https://media1.tenor.com/m/tt8WpWm4gi4AAAAC/simpsons-hahah.gif

My thoughts on the matter.

someguy3 ,

Pretty much. What do you expect?

helenslunch ,
@helenslunch@feddit.nl avatar

It makes me feel bad that people go into business with him, despite him telling everyone over and over again, over the largest megaphone in human history, exactly who he is.

Much less drive to the polls to voice their opinion to keep him in office.

Wrench ,

In fact, they specifically targeted that demographic. They put their face inside a starving leopards mouth

CosmicTurtle ,

Except me. Right? He totally promised to make me president of Puerto Rico.

Because I’m one of the good ones.

I’m the exception.

Right?

homesweethomeMrL ,

I’m sorry but your check didn’t clear.

emax_gomax ,

President of Puerto Rico I’d the potus isn’t it? Puerto Rico I’d a us owned territory. Or was that the joke?

CosmicTurtle ,

It was in reference to the fact that Trump, while president, says he "met with the “President of the Virgin Islands”

Which, despite his press room’s spin, we all know he completely didn’t know that he was the president of the Virgin Islands.

jkrtn ,

I don’t feel bad in the slightest. Everyone knows Donald is a sociopathic grifter. These guys wanted to run a con with him and got burned. I hope their lives are full of misery.

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