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submitted 3 weeks ago by vegeta to c/news
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[-] [email protected] 339 points 3 weeks ago

Former President Donald Trump has sued the co-founders of Truth Social, alleging they mismanaged the social media platform early on and should therefore lose their stock in the company, which recently went public.

If mismanagement is enough to prevent someone from owning stock, Trump should not own a single share of anything.

[-] [email protected] 87 points 3 weeks ago

Well, honestly, Trump should not be allowed to own a single share of anything for many great reasons imo.

[-] [email protected] 39 points 3 weeks ago

Everyone says they're the greatest reasons, in fact

[-] homesweethomeMrL 15 points 3 weeks ago

flappy accordion hands

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[-] psmgx 29 points 3 weeks ago

If mismanagement is enough to prevent someone from owning stock, Trump should not own a single share of anything

I agree, though this is par for the course as Trump behavior goes. He's got a long history of doing shady shit, screwing over partners and vendors.

[-] Lemminary 15 points 3 weeks ago

I'm glad that people are learning the hard way not to trust him, although I would've preferred it if they had listened. I'm enjoying this shit show!

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[-] [email protected] 216 points 3 weeks ago

i almost feel bad for these guys.. but i dont. its common knowledge that no good comes from going into business with trump

[-] [email protected] 95 points 3 weeks ago

Yeah, I feel nothing for these people. They knew he was a snake when they took him in.

[-] TropicalDingdong 41 points 3 weeks ago
[-] dynamojoe 26 points 3 weeks ago

Each one of Trump's business partners thinks "I'm not gonna get screwed by this guy!" and in the end each one of them does.

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[-] EdibleFriend 55 points 3 weeks ago* (last edited 3 weeks ago)

My thoughts on the matter.

[-] Wrench 17 points 3 weeks ago

In fact, they specifically targeted that demographic. They put their face inside a starving leopards mouth

[-] [email protected] 17 points 3 weeks ago

I don't feel bad in the slightest. Everyone knows Donald is a sociopathic grifter. These guys wanted to run a con with him and got burned. I hope their lives are full of misery.

[-] [email protected] 12 points 3 weeks ago

Pretty much. What do you expect?

[-] CosmicTurtle 12 points 3 weeks ago

Except me. Right? He totally promised to make me president of Puerto Rico.

Because I'm one of the good ones.

I'm the exception.

Right?

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[-] FlyingSquid 199 points 3 weeks ago

I was going to ask which one of these people is the biggest idiot and then I realized the answer was yes.

[-] solidgrue 33 points 3 weeks ago

One if those "Never go in with a Sicilian when death is on the line" scenarios.

/hahahahaha---

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[-] [email protected] 32 points 3 weeks ago

He's been defrauding contractors, backstabbing, and throwing people under the bus for decades. Even a grifter would have to be high as fuck on pure greed to have any business interaction with Donald.

It's hilarious that these scammers also received an inevitable betrayal. I hope they lose all their money and the stock crashes before Donald can get anything significant out. What a delight to see any of these lying con men lose it all.

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[-] bazus1 139 points 3 weeks ago
[-] Badeendje 115 points 3 weeks ago

May their court battle be drawn out and their legal bills astronomical. They deserve it. All of them.

[-] TrickDacy 26 points 3 weeks ago

But the leopards absolutely weren't supposed to eat their faces!!

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[-] SlippiHUD 108 points 3 weeks ago

Yes, truth social is completely impossible without trump. Nobody could possibly spin up a mastodon instance without a former president backing you. Just absolutely unheard of.

[-] recapitated 57 points 3 weeks ago

I mean the fact that they managed to run it in a way that was illegal was pretty uniquely impressive.

[-] carl_dungeon 85 points 3 weeks ago

Trump should sue himself for being a dipshit

[-] [email protected] 35 points 3 weeks ago

I was going to comment that he'd win at that at least, but for some reason I think he'd fuck that up too.

[-] [email protected] 18 points 3 weeks ago

He tried but his best lawyers messed up the paperwork.

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[-] [email protected] 79 points 3 weeks ago

He’s going to get that money any way he can. No one is safe. He will sue his own children if it bails him out.

[-] [email protected] 59 points 3 weeks ago

"Without Mastodon , Truth Social would have been impossible," the filing should have said said.

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[-] [email protected] 58 points 3 weeks ago

So Trump Media is operating on a revenue stream of 4 million a year, and is reporting a yearly loss of 58 million. How the fuck is that company's stock rated at $60/share?

[-] [email protected] 68 points 3 weeks ago

It's a vehicle for trump to accept foreign money, that's how.

[-] [email protected] 42 points 3 weeks ago
[-] SkyezOpen 19 points 3 weeks ago
[-] Stupidmanager 14 points 3 weeks ago

Well first, throw logic out the door and you’ll come by your answer a little easier. hint, it’s because of capitalism.

[-] [email protected] 14 points 3 weeks ago

Lies.
Like his whole life.

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[-] [email protected] 13 points 3 weeks ago

I wouldn't be surprised if it's just like essentially "Trump Bitcoin." Effectively worthless but he's got a gigantic pool of people who will throw money at him.

[-] [email protected] 13 points 3 weeks ago

Share price has never really been a representation of company health. Shares are traded at what people will buy them for. There also may be a lot of short selling going on waiting for the plummet.

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[-] Suavevillain 55 points 3 weeks ago

He is in a legal battle every day of the week and GOP voters are like damn this guy is fit to be President again.

[-] [email protected] 36 points 3 weeks ago

Breaking news: People who cozy up to face eating leopards will eventually get their faces eaten. More at 8.

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[-] [email protected] 30 points 3 weeks ago

A trump never pays his share

[-] Supervisor194 27 points 3 weeks ago

Every one of these people:

[-] [email protected] 21 points 3 weeks ago

One of these days this man is going to accidentally sue himself

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[-] MapleEngineer 18 points 3 weeks ago

Wait until all the rubes who bought stocks find out that they're next. The fine print actually says that your stock purchase is actually just a non-refundable donation to the Donald J. Trump legal defence fund.

[-] [email protected] 12 points 3 weeks ago

he wakes up in the morning, looks in the mirror: "so who are we screwing over today"

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this post was submitted on 02 Apr 2024
599 points (97.9% liked)

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