Unfortunately, Trump will still likely come out much richer than he was before. It’s still nice to see.
The look on Trump’s face in that thumbnail clearly shows that he’s going to need a diaper changed shortly. Glad I’m not one of his handlers…
My guess, the stock price was propped up by dodgy foreign donors. And he’s looking less and less like a worthwhile investment.
Less and less? They had revenue of 3 million with loss of like 30 million. With a 3 billion dollar market cap it makes no sense.
Oh, they weren’t investing for a direct monetary return, I’m sure. Anyone with eyes could see Truth Social is a dumpster fire.
No, they were looking for political returns, and those are looking more and more risky.
everything king mierdas touches turns to caca. if you’re still getting fleeced by this wannabe con man, then i have less than zero sympathy
That thing still exists lmao
Not “unfortunately”, but rather “exactly as intended”.
This entire business is essentially a money laundering scheme.
TBH that’s one thing I don’t blame him for. The real losers and suckers are his base willing to give him money, and he thinks as much of them for certain.
That’s not what I mean.
This company is a scheme to finance Trump’s campaign from foreign sources. The foreign investors are “suckers”, in the sense that they lost money on their investment, but they still achieved their goal: funneling money to Trump.
All the retail investors and MAGA heads are just collateral damage.
Yeah, it’s insane the SEC hasn’t already launched an investigation into such an obvious pump and dump scheme.
I’m morbidly interested to see what happens.
Everyone knows that firstly it’s grossly overvalued, secondly trump wants to sell, and thirdly whether or not Trump wins in November the shares will be worthless.
…and thirdly whether or not Trump wins in November the shares will be worthless.
Either it’s a soon a social network based on a former candidate or it’s one that I imagine a president has to distance himself from.
Either way I can see why people don’t want to invest, even the evil greedy unethical ones.
Musk got away with tons of pump and dumps, SEC seems toothless unless the poor people start investing in things that threaten hedge funds profits.
Correct me if I’m wrong, but I believe they’re already under investigation for breaking the law when the original SPAC openly said they were going to merge with Truth Social when the law says SPACs have to remain agnostic about what companies they may merge with until they do so
