44 points

Keep in mind that trump’s meme stock is entirely a fraud machine designed to sell presidential power for cash. Watching that thing collapse after trump loses is going to be icing on the cake as this is his monetary lifeline given all of the legal entanglements that aren’t going away after November. Once it’s clear he he has no official power to sell, most of the institutional investors vying for influence will clamor to pull out of this and probably leave a bunch of drooling basement dwelling incels holding the bag. Hopefully this happens before trump’s shares open up and he can do even a modest rug pull. Get the popcorn.

permalink
report
reply
14 points

He’s been selling presidential power for cash. The stock is just a way to prey on the loyalists who will buy up shares because of the name and despite the significant losses

permalink
report
parent
reply
3 points

He won’t have to wait that long, if he wants.

The thing that sucks to deal with, is that he’s rich. He’s terrible at making financial decisions, and could have been much richer if he had an ounce of actual business acumen in his bones, but the truth is, he will never be poor or broke or destitute.

The system is rigged in the favor of the rich.

He’ll make bank off this, sell early, and leave his "supporters’ footing the bill. And there will be absolutely zero repercussions for him. I guarantee it.

permalink
report
parent
reply
21 points

Doubt.

Like his net worth was ever over $900 million.

permalink
report
reply
10 points

Sadly that’s public info when it comes to his shares of his own stock due to the quantity he owns, that’s how we can know

permalink
report
parent
reply
3 points

Debt is a thing, and Trump has tons of it.

permalink
report
parent
reply
2 points

I’d agree with you before the truth social IPO. Unless that stock tanks he is officially a billionaire for probably the first time.

permalink
report
parent
reply
18 points

he has always been worth nothing to me.

permalink
report
reply
2 points

Dude literally ows me a lot of sanity

permalink
report
parent
reply
13 points

The thumbnail on this article really has a Max Headroom vibe.

permalink
report
reply
3 points

It’s the head tilt. And the parallel lines.

permalink
report
parent
reply
11 points

I didn’t think he had $900m in the first place

permalink
report
reply
2 points

I’m pretty sure he has billions of those dollars that disappeared from the covid relief fund immediately after he removed financial oversight.

permalink
report
parent
reply

Business

!business@lemmy.world

Create post

A place to share business news and insights.


Rules


  1. Follow lemmy.world rules
  2. Only post content related to business
  3. Do not use this community to promote your business

Community stats

  • 1K

    Monthly active users

  • 461

    Posts

  • 1.1K

    Comments