7 mo. ago • 92%

Trump Media alerts Nasdaq to potential market manipulation from 'naked' short selling of DJT stock

www.cnbc.com Trump Media alerts Nasdaq to potential market manipulation from 'naked' short selling of DJT stock

37 comments

Do you guys really want them to look into your stock being manipulated? Because I think there might be some investigation in the IPO being massively overvalued...

127
- It wasn't an IPO, though. DWAC (a company which was formed specifically to acquire other companies) acquired Truth Social at what everyone thinks is a massively overvalued price.
  
  All this short selling isn't institutional investors duping retail investors, it's institutional investors realizing how thoroughly DWAC screwed its retail investors by engaging in this deal solely to transfer wealth to Donald Trump. The Financials simply don't make sense, and the institutions know it.
  
  And the weird part is, even though there are a lot of lawsuits right now around Truth Social and DWAC, I don't think a single one is from an investor. Because those investors have been duped into believing that all the facts around the acquisition are lies, even though the financial filings paint the picture directly.
  
  77
  
  What makes you think the investors didn't know exactly what they were buying?
  
  6
If a $30 million business get valued at over a billion dollars, I'd short sell it too. Trump probably did too.

68
- lol i bet he did! Meanwhile gamestop has 1B cash on hand is profitable and has a shit market cap of 3B. WAKE THE FUCK UP ALL US MARKETS ARE ALL BULLSHIT MADE UP ALL THE TIME.
  
  16
  
  bUt BuT tHe gOlDeN rUlE oF eCoNomIcS
  
  -1
  
  lol GME’s price per earnings is over 500 and they’re not doing shit with that money you gave them. Die mad about it.
  
  -6
  
  it's not just the US. the initial value of stock or companies is hard to determine. look at this, for example:
  
  -6
- Trump is supposedly banned from selling it for six months. Do I think he has a way around that, yes.
  
  11
  
  He'll just have someone do it for him.
  
  3
  
  SEC rules for insiders are pretty strict. And he already made billions on the IPO. Even with the stock price crashing he's still making a bundle, so I doubt there's any reason for him to take a risk on illegal trading.
  
  1
Lololol "our company sucks and the stock price is tanking, find something else to blame!"

40
I guess the narrative here that Trump feeds to the retail stockholders is going to be that he was going to make everyone wealthy and that it was a great buy but that evil nasty short sellers ruined the party.

In all seriousness, it boggles me how everything that guy touches winds up with some level of trying to mislead people.

29
- Why does it boggle you? He's always been an unapologetic con man.
  
  What's boggling is people keep believing his bullshit.
  
  Also, boggle has now lost all meaning to me.
  
  22
- I'm afraid that this is all he is as a person. He doesn't actually do or produce things, he pretends to do so and fleeces money from sycophants in the process.
  
  4
  
  I hope that a year from now, he's not telling Trump supporters that George Soros or whoever stole their and his money by shorting and asking for campaign contributions for another presidential run so that he can fix the stock market for them.
  
  2
The stock market is a casino where the whales are allowed to put extra aces in their hand when they make a large enough bet.

28
- And everyone else only gets to play the slot machines, with no insight into their odds.
  
  8
Trump Media CEO Devin Nunes

MoooooOOOOoooooooo!!

23
- Don't have a cow, man!
  
  8
GME gang if something is actually done about it

"Really?"

10
- That would become my villain origin story for real
  
  1
- GME, AMC, BBBY, etc gangs all know how this is going to turn out.
  
  1
Makes the Stock Market look like a scam to every normal person. Hurts the idea of ever investing or trusting any institution that is involved in investing. So yes a massive investigation of everything about this is warranted. It should be done by Congress, and Federal investigators.

9
- Good. The stock market is a scam and we should get rid of it, mandating that all profit dividends be evenly distributed among the workers instead.
  
  2
  
  Frankly, we need to severely curtail limited-liability corporations to begin with. Not only are they sure as Hell not "people," incorporation was supposed to be a privilege granted in exchange for the company accomplishing some specific goal for the the public good!
  
  3
Great and in the meanwhile more weapons to Israel

-7
- You do realize that if Trump gets elected, Bibi will he even more brazen and get even more weapons and finding from the US, right?
  
  9
  
  He won't even need to. Trump can probably be convinced to offer up the services of the 6th fleet to Israel a-la-carte.
  
  2

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