Donald Trump stands to reap a windfall of $3 billion or more
Cool. Who's getting it first, the State of New York, the banks loaning him money, or the Russians who own those banks?
this post was submitted on 22 Mar 2024
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Lets see him sell $3bn in his stock and it not tumble to zero
He already put effort into making the shareholders change the rules to allow him unlimited share sales with no warning/notification. Total "fuck all the investors" kinds of rules. I don't know where all that stands, but he's way ahead of you on this pump and dump scheme.
As someone who knows nothing about the stock market, wouldn't he still get his 3bn and everyone else would be fucked? I assume the price would fall after he sells no?
Imagine you own an orange tree, and you want to sell the oranges. If you run out and try to sell oranges, people will low ball you. What you really hope for is people wanting to buy oranges, and you try to sell then as quickly as they ask for then, or a little slower in order to drive the price up per orange due to demand making people offer more.
This is like trump owning x number of oranges, and saying they’re worth a certain amount per orange, so it is worth that amount times x. In reality, he only has shares he can sell, and there is the assumption he can sell them.
Stock sales are kinda weird when youre talking about large sales like that, because some will hit the dark pools making them less likely to affect the price.
However, that is usually reserved for institutions, not private sales.
On top of that, youd have to assume that only one sale would occur, and he wouldnt need to piecemeal his transactions by selling blocks of shares instead of the whole lot.
Its really tough to predict, but id like to imagine nobody even wants his POS company.
I would like to believe he still has a league of greedy dogs that are still trying to get him to pay them. They'll make sure he gets paid so they get paid too. I'm really curious as to how some Grima Wormtounge will make that happen for him.
He'd just borrow against it...not sell
Can someone explain how this fucking works? DWAC market cap is 1.37B, Truth Social has apparently never made money... How does them merging add like 6+ Billion market cap? Am I crazy or has the world gone nuts?
It’s a scam.
I don't really understand this, either. Other than these new SPACs being the cutting edge of fraud or some kind of white-collar crime. Here's some interesting info (and comparison with Reddit IPO).
SPACs were supposed to be a quick and easy way for a company like Trump Media & Technology Group to go public, but it hasn't worked out that way.
Instead, they've developed a reputation as a kind of back-door IPO for companies that probably couldn't withstand the scrutiny involved with a conventional listing.
Many of the highest-profile SPACs, including Nikola, Virgin Galactic, and BuzzFeed, are now unloved penny stocks.
Social media platforms may not make money in the traditional sense of sales or monthly purchases, but they harvest users data and that on itself is worth a bunch of money, not to mention having the ability to continually harvest more data.
Selling that data is part of the not making profit. Aka they would need to get much more money for the data or sell a lot more. Advertisements are where most of it come from for most companies
Sure, most social media companies like Facebook might sell users data as anonymous indicators for advertising on their platform, but are you sure that Truth Social isn't just whole selling users data as datasets with uncensored data info to data brokers?
Follow the money.
How many crayons do you have to eat to think it's a good idea to do business with tRump?