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Doom ,

Buy in now in a month or so it’ll bounce at least a little and you’ll make slight profit

mosiacmango ,

A month is when the lockup period for Trump ends. He may sell like 60% of the company.

Price ain’t gonna go up if the primary owner liquidates.

WindyRebel ,

What a loser. I don’t want presidential candidates that can’t find growth in their companies. What a basement dweller. Sad.

Delusional ,

Still $20 overpriced.

tal ,
@tal@lemmy.today avatar

But the lock-ups are set to expire as soon as Sept. 20, at which point Trump may choose to start selling his shares.

en.wikipedia.org/…/2024_United_States_presidentia…

The 2024 United States presidential election will be the 60th quadrennial presidential election, set to be held on Tuesday, November 5, 2024.

So he can start to dump it a month-and-a-half before Election Day.

This should be interesting.

I’d sort of imagine that if I were a True Believer who had put a lot of my money into Trump Media on the promise that Trump was going to make me rich, I might be a little irked if Trump bails out.

ripcord ,
@ripcord@lemmy.world avatar

I seriously doubt almost any of the goons or money launderers or bribers that bought the stock have done so thinking they’ll make much - or any - money.

modifier ,

that is what Devin Nunes is up to these days? What an insufferable urinal cake of a human.

realcaseyrollins ,

I’m salty I never bought any of this stock. It’s probably one of the easiest stocks to time properly to get a proper profit from. No use getting it now though, Trump killed it.

zcd ,

https://lemmy.ca/pictrs/image/fb37f093-94d4-4822-8e63-8031a1aadeeb.jpeg

Blackout ,

There would be justice if everyone got out before Trump could sell and left him holding the bag.

Wrench ,

Even if he sold at $1 a share, he’s going to get far more than its worth out of it.

AmidFuror ,

Yep. It's just another scam. Someone has to want to buy it from him. Those people will be left with something worthless, and Trump will walk away with their money.

Not unlike how he's made a lot of his other money.

FiremanEdsRevenge ,

Trump owns nearly 59% of Trump Media’s stock. Even after losing much of its value, Trump’s stake at Wednesday’s stock price is still worth more than $2.2 billion — more than half of his on-paper net worth, according to Forbes.

Yea, I call bullshit on that.

LEDZeppelin ,

Key word: on paper. No one besides Saudis and Putin will pay anywhere close to that amount

n3m37h ,

Well his worth changes every day, just on how he feels alone!

mipadaitu ,

If he tries to sell any substantial portion of his holding, the price will crater.

akilou ,

But it won’t matter because he’ll have already sold. Well, it won’t matter to him.

SinTacks ,

He can’t just sell 2bn at once. They’re saying as he sold the price would naturally crater even without news getting involved.

MiltownClowns ,

Thats the best part! He can take out loans against that as collateral. Then when he inevitabley defaults and the banks finally acknowledge the collateral is worthless, we bail out the banks! Capitalism!

ripcord ,
@ripcord@lemmy.world avatar

Since the stock price is based on fee-fees, grift, bribery, and money laundering - there is absolutely no reason to think this is true.

OhStopYellingAtMe ,
@OhStopYellingAtMe@lemmy.world avatar

lol

reddig33 ,

So when the timer runs out, will Trump sell his shares at a huge loss, or will the stock “magically” rally before he sells?

Andonyx ,

Sadly there is no loss for him real or on paper. He only donated his name and usage rights to the company, any actual value came from suckers, and other REP. grifters. Even if each share is a cent by the time he sells, it’s still just profit for him.

Now, if other shareholders could come together and agree that he acted against their interests, THEN he could conceivably lose money in a resulting suit.

originalucifer ,
@originalucifer@moist.catsweat.com avatar

The deal would “guarantee access to additional capital, if necessary, to pursue big strategic opportunities as we look to build out our portfolio by acquiring assets and technologies in the Patriot economy,” Trump Media CEO Devin Nunes said in a July 3 press release

wtf is 'the patriot economy'??

Moobythegoldensock ,

The Patriot economy is that made of the true, red-blooded Americans.

youtu.be/hYTQ7__NNDI

MagicShel ,

They are rustlers, cut throats, murderers, bounty hunters, desperados, mugs, pugs, thugs, nitwits, halfwits, dimwits, vipers, snipers, con men, Indian agents, Mexican bandits, muggers, buggerers, bushwhackers, hornswogglers, horse thieves, bull dykes, train robbers, bank robbers, ass-kickers, shit-kickers and Methodists.

FelixCress ,

So, cunts and Methodists?

AmidFuror ,

Where the white women at?

danc4498 ,

Honestly, I think this is just a call for all Trump fans to do with this stock what Reddit did with Game stop. Buy and hold until Trump can legally sell his shares and burn the stock to the ground.

aseriesoftubes ,

The economy of selling worthless things to cult members.

some_guy ,

I recently approached a friend asking that they seriously consider whether we would have moral issues against getting in on the grift. There was that asshole who sold patriot beer for a huge, shitty markup when the budweiser thing happened. It wasn’t even good beer. I said that we could put in incredibly little effort and make money off these rubes. My logic was that they were going to purchase stupid products like that anyway, so why not get their money ourselves.

We went back and forth on it. We concluded that we’d only create products that 1. did no harm to marginalized groups and 2. would end up leading cultists to tell on themselves. We agreed to let the idea percolate to see if we thought there were good opportunities worth our time.

An example of telling on themselves might be a tshirt that says, “Guess I’m deplorable,” if it were 2016. We kicked around some contemporary phrasing. Nothing has been worth making the effort, so far.

DogPeePoo ,

“The patriot economy” = laundering Russian and Saudi money

Bumblefumble ,

I’m more interested in wtf is a “Devin Nunes”?? Almost gives me cow vibes, but idk.

MediaBiasFactChecker Bot ,

CNBC - News Source Context (Click to view Full Report)Information for CNBC:
> MBFC: Left-Center - Credibility: High - Factual Reporting: Mostly Factual - United States of America
> Wikipedia about this source

Search topics on Ground.Newshttps://www.cnbc.com/2024/08/28/djt-trump-media-stock-falls-below-20-per-share-for-first-time.html

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