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.
this post was submitted on 02 Aug 2024
172 points (96.2% liked)
Business
443 readers
16 users here now
A place to share business news and insights.
Rules
- Follow lemmy.world rules
- Only post content related to business
- Do not use this community to promote your business
founded 1 year ago
MODERATORS
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
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.
Doubt.
Like his net worth was ever over $900 million.
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
Debt is a thing, and Trump has tons of it.
I'd agree with you before the truth social IPO. Unless that stock tanks he is officially a billionaire for probably the first time.
he has always been worth nothing to me.
Dude literally ows me a lot of sanity
The thumbnail on this article really has a Max Headroom vibe.
It's the head tilt. And the parallel lines.
I didn't think he had $900m in the first place
I'm pretty sure he has billions of those dollars that disappeared from the covid relief fund immediately after he removed financial oversight.
This is why he is never going to stop running for president.
It's lucrative and requires nothing more than incoherent, cognitively-impaired rambling on his part. He'll make that 900m back in spades if he's elected.
Plus he gets large crowds to cheer for him, which is almost better than money in his mind.
Yup, and never has to pay the facility or security fees.
Couldn't happen to a nicer convicted felon. Fuck trump
Dude still has money?
Not liquid
Gaseous? Plasma? Why you leave me hanging?
All solid. Like an impacted stool
I wasn't aware that campaign funds count as part of your personal net worth.
That must continue as long as he has a net worth. And then go on!