People are starting to realize everything he says is a joke? I can’t imagine actually trusting an investment to anything he touches.
No, people do not. Roughly 50 % would still vote him.
Less than 30%. A full third of the USA can’t be bothered to vote at all
Don’t forget the gerrymandering and efforts to make it unreasonably difficult for people to vote.
remember, less than 50% of people who voted voted for him. Over a million more people voted for Hillary than Trump. Largest loss in both % and people in history, I think (for a winning presidential election).
Roughly 50 % would still vote him.
Evidence?
The last election and current approval polls?
deleted by creator
Yeah, unfortunately I’m aware. Of course it’s just making it more obvious every day that 50% of the population are below the average intelligence.
Well yeah, that’s how averages work. But what isn’t obvious is why so many trump followers are intentionally and proudly ignorant, going so far as to attack education as being nothing but indoctrination
There’s a big overlap between trump followers and conspiracy theorists
Agreed… It’s unfortunate that we’re finding out so many people didn’t take their education seriously.
And GenocideJoe voters are above in intelligence? Sounds like Nazi liberals.
Aww aren’t you cute, advocating for following someone who already tried to destroy democracy once and is telling everyone he plans to do it again. One of these candidates has actually quoted Nazi propaganda, and the other has actually made your life better. Maybe you should put more thought into your attempts at slurs.
America has no democracy under those 2 parties. And last I checked, a young Joe Biden advocated for the need of an Israel state. Yeah, that genocidal colony doing things right now. And last I checked, Biden was the one who upped military budget by $100 billion. USA also has this Communist Control Act from 1950s, might wanna check. And USA was the inspiration for Hitler’s racial segregation policies.
Maybe you should stop supporting Anglo fascism.
Trump Steaks? No?
One more overvalued trump property. Are we surprised?
Benefit with this one is everyone can short it once the option trades become available
I am a bit surprised. I figured it would be an easy way for fat cats to pay off Donnie’s massive debts and make him look like a big shot.
I’d love to be the fly on the wall when the top GOPs meet up with the main donors.
Trump selling truth social stock was so that foreign entities could legally give him money so he could pay the bail for the NY case.
he cant sell any, hes lokced to it for 6 months
Doesn’t need to, it’s asset that can be used for collateral.
I think in this case there was a contractual timelock blocking that too unless he gets an exception approved (don’t remember all the details)
Holy shit I didn’t realize it was worth that much that’s crazy
It wasn’t.
Like everything trump touches, it was ridiculously overvalued
he’s like king midas except instead of gold everything just gets slathered in shitty bronzer
The “reverse Midas touch”, everything he touches turned to putrid shit.
So he has no way of cashing out?
It’s just another roundabout way to accept bribes. Don’t be surprised if we find out later on that the Saudis or the Chinese bought a bunch of this stock. If he gets elected this stock will skyrocket.
Boy, I sure miss the Emoluments Clause.
If only they decided to add a punishment to those presidential crime laws. Pretty naive to count on congressmen to do the honourable thing and impeach.
Not for six months
Unless their board approves an earlier date.
How is a mastodon instance assigned a value?
I believe they did an IPO
My reaction when my instance admin “does an IPO” and basically sells my contributions and my data to the highest bidder
Not quite. They merged with a spac, which is an empty financial vehicle traded on a stock exchange that has the specific purpose of merging with a legitimate company later, allowing that legitimate company to go public much faster (3-6 months vs 12-18 months).
This is the best summary I could come up with:
Former President Donald Trump’s fledgling media business is losing its sheen among investors a week after going public, with a sharp reversal in the company’s stock price lopping $4 billion off its value.
The plunge in Trump Media & Technology Group’s shares, which debuted on the Nasdaq Composite Index on March 25 under the ticker “DJT” (after the former president’s initials), comes as it disclosed mounting losses in a regulatory filing.
Shares of Trump Media & Technology Group, whose primary asset is the Truth Social platform, tumbled $14.50, or 23%, to $47.46 in Monday afternoon trading.
To be sure, Trump Media continues to maintain a heady market capitalization for a business that’s in the red and that booked just $4.1 million in revenue last year.
Yet Truth Social has positioned itself as an alternative to more established tech giants such as Meta’s Facebook, which also endured losses in its early years.
“GameStop was the meme stock of a lifetime, but Trump Media has put it to shame,” Michael Pachter, an analyst at Wedbush Securities, told the Associated Press last week.
The original article contains 401 words, the summary contains 179 words. Saved 55%. I’m a bot and I’m open source!
rip bozo, lmao. looks like you cant sustain a social media network around a personality cult around some wet old dude.
Looked like it was enough to get him bail, though
Not bail specifically, it’s a bond. A bail keeps you out of jail until a court judgement has been made, a bond keeps the court from taking your assets away to pay off a debt (including from a previous judgement). The bond is held by the court until appeal is over, then given to the winning party when the final judgment is in.
headlines like this are always so silly. it’s a shitty meme stock that went up for a single day and has been down ever since. it “gained” 4 billion for like a single day.
I think they’re good because it really highlights that “the rules are made up and the points don’t matter” is actually a better description of our economy than anything an econ student could come up with.
What is the antonym of ‘go woke go broke’ pls?
Go fash lose cash
Turn altright feel the plight
Go fash lose your ass?
MAGA brain, Capitalist pain. Or just Capital pain
What a great businessman! Much smart! So WOW! Big brain.
deleted by creator
Do people actually use that?
