Stock plunge wipes out Trump Media’s extraordinary market gains
Stock plunge wipes out Trump Media’s extraordinary market gains
Truth Social shares closed below $17 on Wednesday, reversing all gains since the company’s rapid rise from January
Truth Social shares closed below $17 on Wednesday, reversing all gains since the company’s rapid rise from January
I'm confident even this level of support is rife with foreign money being effectively donated to Trump to help him continue to damage American power.
But it will be really interesting if, in the lead-up to Trump being eligible to liquidate shares, the price rises instead of falls. The widespread expectation that he will dump those shares should put the stock in a freefall, so if it rises, that momentary windfall in the stock price is a good signal just how much money is being laundered to Trump.
60Just saying what you said is pumping up the stock.
The idea you just planted probably just sent several investors into the stock in anticipation of this, thinking they can cash out before the free fall.
I live in mining country and I've watched hundreds of exploration companies go through this same phase. The majority of them make more money talking about fantasies and fairy tales, than in anything to do with actual mining rock in the ground.
11The majority of them make more money talking about fantasies and fairy tales, than in anything to do with actual mining rock in the ground.
How ironic that the mining industry is profiting off the ultimate infinitely renewable resources: greed and idiocy
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Not to worry. The weird orange felon, DonOLD Von Shitzinpantz, has already jumped into a better money laundering racket - bitcoin.
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People distancing themselves since they found out the DOJ can prove it’s built on Russian money.
45Temporarily. We knew all this in 2017.
11We knew in 2016, but there's a big difference between KNOWING and being able to PROVE it to the degree that the almost criminally timid Garland DOJ is saying so publicly before it even reaches the inherently very conservative court system of the US..
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Pump
Dump ⬅️ You are here
29How many Pump and dump schemes do you have to run before it counts as Stockkake?
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Like everything else trump does, it was a scam. The guy is a fraud from top to bottom.
20It’s a glorious thing to watch!!
17"Buy high, sell low" is a great way to launder money, along with real estate (and the art market). Things Donny is an expert in. You don't bankrupt a casino without wanting to.
16Election outcome priced in?
12Just like his crypto shit, it was a pump and dump scam.
7People are figuring out that he is going to abandon Truth for Shitter.
That may have been OK if Elon had the extra billions to buy Truth out at an imaginarily high price, but alas Shitter has tanked too.
If Trump loses, the Russians and Saudis are not going to be willing to shell out free money.
6If Trump loses, the Russians and Saudis are not going to be willing to shell out free money.
Why? It's not like they're going to just stop trying to destroy America from within. We're in this forever now. Every single election is going to be the same shit where Russia, China, the Saudis, Iran, etc etc, are all going to try to get our population to fight each other so America is crippled and we can't "interfere" with any global events like China invading Taiwan or Russia continuing its push deeper into Europe.
6But they won't be shelling it out to him.
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Permanently Deleted
5True MAGA holds!! Keep the faith!! /s
5TeH StOrMm!!1
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WOW WHO COULD HAVE GUESSED
1The Guardian - News Source Context (Click to view Full Report)
Information for The Guardian:
MBFC: Left-Center - Credibility: Medium - Factual Reporting: Mixed - United Kingdom
Wikipedia about this sourceSearch topics on Ground.News
https://www.theguardian.com/business/article/2024/sep/04/trump-media-djt-stock
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