It's the classic Trump recipe.
How do you make 4 million?
By starting with 58!
politics
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
Why would the Democrats do this?
It must be those meddling radical left... Wall st brokers? Who even knows what the jackhole will cry next
lol I got banned from /r/wallstreetbets today for pointing out this grift\meme stock and a mod got angry about it, temp banned, I appealed after he accused me of being political, which I wasn't, I just mentioned that Trump is a grifter and this is just another example. He then muted me from appealing again, then banned me permanently.
I imagine he was a Trump supporter. :D Fuck Reddit.
Reddit mods are such immature people who shouldn't have any power.
That's they type of personality it takes to mod for free. Good job u/spez! Great idea!
There are dickweed mods on here too.
'If' Trump plans to sell the stock, of course be plans to, he doesn't care about it long term for potential real money. Also it's the only reason it's going public so he can cash out. He can buy more ways to whine his festivus grievances if he has real cash when it goes under.
Is there any way to know if Trump has actually sold his stock? Unsure how that stuff is reported but I sort of assume there're records of who (or what shell companies) own them.
I believe he is locked in on something along the lines of a 6 month cliff. This doesn't mean he can't use those rights/ options as leverage however. There might be some extremely questionable state actors for whom a couple billion in leverage against a US president is considered buying at a discount.
I thought the 6months was unless the board allowed it, the board that is mostly (all?) staffed by cronies that are there for that sort of thing.
Cronies yes, but it’s my understanding (and the understanding of several journalists) that letting Trump sell his stock would be such a wildly disastrous move for them financially that it’s unlikely. Like - they would be better off just donating the money to him themselves
If I was a shareholder and the board let Trump sell his shares early I would be suing the fuck out of them as well.
What if it's his family? Look at who they are
Well. It’s not. So there you go?
Insider transactions are subject to public filing laws. The fly in the ointment is how reliably Trump is subject to law enforcement.
I keep wondering why Spez was allowed to sell the same week that the Reddit IPO went live, but Trump can’t do the same.
Wall Street must want to own reddit more than it wants to own shares of "DJT"; spez got a better deal.
I think those were put up as part of the initial offering. I think he's limited on any additional sells.
Got to be honest; I figured that various unnamed billionaires would gobble the stock up in order to keep Donnie afloat.
Apparently, those "masked evildoers" are feeling the pinch.
This is the best summary I could come up with:
An auditor has raised doubts about the ability of Donald Trump's publicly traded company to stay in business, according to a new regulatory filing.
The filing includes a note from an independent accounting firm, Colorado-based BF Borgers CPA PC, warning that Trump Media's "operating losses raise substantial doubt about its ability to continue as a going concern."
In the filing, the company acknowledged that it expects to operate at a loss for the "foreseeable future" as it works to expand Truth Social's user base and attract more advertisers.
“If he goes ahead [with selling], it could sink DJT by at least 15% to 40% based on option pricing,” said Ben Emons, senior portfolio manager and head of fixed income at NewEdge Wealth, in a research note.
Analysts also expect trading in the stock to be volatile while the legal and political fortunes of the former president shift as he seeks a new term in the White House.
"As with bitcoin, people buy Trump Media not for future cash flows but because: 1) they expect its price to rise, and 2) they feel an affiliation for the asset," Rekenthaler wrote.
The original article contains 484 words, the summary contains 189 words. Saved 61%. I'm a bot and I'm open source!
It doesn't really matter. It's served its purpose.
In accounting speak, they fucked. Source: I used to do that for a living.
C H I N A ! ! ! 🇨🇳