MarSolo Posted March 23 Share Posted March 23 I don’t understand how this shithole app is worth billions but that’s why I’m a starving artist who draws characters and environments. reuters.com WWW.REUTERS.COM Quote The deal values Trump's majority stake in the company that holds his app Truth Social at about $3.3 billion. The windfall could prove vital as Trump grapples with the financial fallout of a string of legal cases against him, including a $454 million judgment in a civil fraud case in New York. 1 Quote Link to comment Share on other sites More sharing options...
finaljedi Posted March 23 Share Posted March 23 It has to be some kind of money laundered payoff thing. That’s about what X and Reddit are worth and they actually still have a large user base 2 Quote Link to comment Share on other sites More sharing options...
erpg Posted March 23 Share Posted March 23 That's a nice bribe. 1 Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted March 23 Share Posted March 23 Yay more crimes Quote Link to comment Share on other sites More sharing options...
Reputator Posted March 23 Share Posted March 23 A very cool and very legal way to make a massive campaign donation. Quote Link to comment Share on other sites More sharing options...
LazyPiranha Posted March 23 Share Posted March 23 I read somewhere that it’s not as helpful to him as you might think, at least not in the short term. He’s required to hold the shares for a certain amount of time, and I think at best can request a waiver in order to sell 1% quarterly at most. I’m not saying it’s nothing, but this entire thing isn’t going to be liquid wealth for the time being, and presumably not until the election is over. 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted April 1 Share Posted April 1 Trump Media plunges more than 25% after company reports net loss of $58 million in 2023 WWW.CNBC.COM Trump Media, whose majority shareholder is former President Donald Trump, "expects to incur operating losses for the foreseeable future," the filing says. Oh no now it’s time for the “dump” phase of the pump and dump 3 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted April 1 Share Posted April 1 And let’s shout this as loud as possible: THE COMPANY GENERATED ONLY $4.1 MILLION DOLLARS IN ALL OF 2023 MILLION MILLION LMAO 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted April 1 Share Posted April 1 Sbl made more money than Trump last year guaranteed 1 1 Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted April 1 Share Posted April 1 Just now, b_m_b_m_b_m said: Sbl made more money than Trump last year guaranteed hahahaha Quote Link to comment Share on other sites More sharing options...
outsida Posted April 1 Share Posted April 1 How do you only have revenue of $4million on a social media platform of 8-9million users??? Money Laundering? Quote Link to comment Share on other sites More sharing options...
marioandsonic Posted April 1 Share Posted April 1 18 minutes ago, outsida said: How do you only have revenue of $4million on a social media platform of 8-9million users??? Money Laundering? Pretty sure you just answered your own question Quote Link to comment Share on other sites More sharing options...
Brian Posted April 1 Share Posted April 1 I would feel bad for the bag holders but lolololol 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted April 1 Share Posted April 1 43 minutes ago, outsida said: How do you only have revenue of $4million on a social media platform of 8-9million users??? Money Laundering? From Reddit: Quote Or as they say in the current filing: "material weaknesses in its internal control over financial reporting" in the past that is apparently still ongoing, i.e. "identified material weaknesses continue to exist." Probably another "victimless" crime by DJT... Quote Link to comment Share on other sites More sharing options...
outsida Posted April 1 Share Posted April 1 “Material weakness” Is this Engineering or Investment terminology? Quote Link to comment Share on other sites More sharing options...
Chris- Posted April 1 Share Posted April 1 6 minutes ago, outsida said: “Material weakness” Is this Engineering or Investment terminology? Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted April 2 Share Posted April 2 A "material weakness" in ICOFR means that there is a "reasonable possibility" that a "material misstatement of a company's annual or interim financial statements will not be prevented or detected on a timely basis." In other words, the financial statements should not be relied upon. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted April 2 Share Posted April 2 The fraud guy not keeping good books??? Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted April 2 Share Posted April 2 Also, the company's accountants indicated that the severity of the losses raises substantial doubt about its ability to continue as a going concern. 1 Quote Link to comment Share on other sites More sharing options...
sblfilms Posted April 2 Share Posted April 2 20 hours ago, b_m_b_m_b_m said: Sbl made more money than Trump last year guaranteed 9 3 Quote Link to comment Share on other sites More sharing options...
elbobo Posted April 2 Share Posted April 2 15 hours ago, Commissar SFLUFAN said: Also, the company's accountants indicated that the severity of the losses raises substantial doubt about its ability to continue as a going concern. That's why you get a bunch of cult members to invest in an IPO Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted April 2 Share Posted April 2 10 minutes ago, sblfilms said: I'm glad your back, even if it's just smaller doses. 4 Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted April 2 Share Posted April 2 48 minutes ago, elbobo said: That's why you get a bunch of cult members to invest in an IPO theatre chain Also how SBL made more than Trump 1 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted April 3 Share Posted April 3 Trump sues Truth Social co-founders, says they're not entitled to stock shares WWW.NBCNEWS.COM Andy Litinsky and Wes Moss sued Trump in February, alleging he was trying to "drastically dilute" the value of their shares. Quote 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. In papers filed last week in Florida state court, Trump Media & Technology Group Corp. argued that executives Wes Moss and Andy Litinsky made a series of costly mistakes that resulted in a long delay in the company’s going public and urged a judge to strip them of their shares in the company. The pair, who were contestants on Trump's NBC show "The Apprentice," had pitched him on the idea of Truth Social after he was banned from what was then known as Twitter following the Jan. 6, 2021, attack on the Capitol. "This was a phenomenal opportunity for Moss and Litinsky," the suit says, adding that they were both "riding President Trump's coattails." "Without President Trump, Truth Social would have been impossible," the filing said. The lawsuit, first reported by Bloomberg, said Moss and Litinsky were tasked with establishing corporate governance for the new company and finding a special purpose acquisition company that could take the new company public and fuel it with cash. It claimed they failed at both tasks. 4 1 1 1 Quote Link to comment Share on other sites More sharing options...
MarSolo Posted April 3 Author Share Posted April 3 lol, what an asshole. Also, I genuinely forgot I posted this, so I got worried that I had some sleep walking moment and posted this rather than just posting this at a normal time last week. Quote Link to comment Share on other sites More sharing options...
Jason Posted April 3 Share Posted April 3 22 hours ago, Commissar SFLUFAN said: Trump sues Truth Social co-founders, says they're not entitled to stock shares WWW.NBCNEWS.COM Andy Litinsky and Wes Moss sued Trump in February, alleging he was trying to "drastically dilute" the value of their shares. 1 Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted April 3 Share Posted April 3 8 minutes ago, Jason said: Need the link to the actual YTMND for max theme. Quote Link to comment Share on other sites More sharing options...
Air_Delivery Posted April 4 Share Posted April 4 Im happy he was dumb enough to have locked stock so he couldn't just cash out. Quote Link to comment Share on other sites More sharing options...
finaljedi Posted April 4 Share Posted April 4 I wonder if one of his rich benefactors starts snapping up cheap stock in a few months to pump up the price before a Trump sale. Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted April 4 Share Posted April 4 5 Quote Link to comment Share on other sites More sharing options...
Brian Posted April 4 Share Posted April 4 Trump Media is the most expensive U.S. stock to short — by far WWW.CNBC.COM Trump Media, whose biggest shareholder is former President Donald Trump, is a hot stock for buyers,and sellers, after recently going public. Lolololololol Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted April 4 Share Posted April 4 DJT is down nearly 7% today, but then again, so is everything else...except TSLA Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted April 4 Share Posted April 4 Good God - there's been a 750 point swing on the DJIA today, from +250 to -500! Quote Link to comment Share on other sites More sharing options...
Jason Posted April 4 Share Posted April 4 21 minutes ago, Commissar SFLUFAN said: Good God - there's been a 750 point swing on the DJIA today, from +250 to -500! $DJT tanked the stonks? Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted April 4 Share Posted April 4 1 hour ago, Jason said: $DJT tanked the stonks? Yes. Also, “inflation has been flat so maybe we shouldn’t cut rates” Quote Link to comment Share on other sites More sharing options...
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