Truth Social Media was officially doomed once Elon Musk welcomes Trump back to what is formerly known as “Twitter”.
Necessary_Row_1261 on
Like he ever cared about his colleagues or supporters.
“If Trump were to sell a large number of shares and the stock price tanks, to some degree he would be burning his own supporters who bought the stock,”
Big_Knobber on
Only Alphas hold to zero
sedatedlife on
It amazes me people were dumb enough to buy this stock in the first place.
glitzvillechamp on
The Art of the Deal
autotldr on
This is the best tl;dr I could make, [original](https://fortune.com/2024/08/30/trump-truth-social-stock-insider-sales/) reduced by 85%. (I’m a bot)
*****
> Donald Trump is in need of a massive payday to cover his legal expenses and presidential campaign, but he can't tap into his Truth Social stock.
> In late March, the former president's social media company started trading on the Nasdaq soon after Trump Media & Technology Group merged with a blank-check company called Digital World Acquisition Corp. Truth Social launched in February 2022 after Trump was banned from Facebook and X as a consequence of the Jan. 6, 2021, insurrection at the Capitol.
> "The case for speculating-note, I say speculating and not investing-in Truth Social is that Trump wins the presidency and the social media platform gains popularity and is able to create a sustainable business model," Johnson said.
The trash should never have been so outrageously overvalued in the first place. How did it happen?
Derpthink on
Isn’t this illegal? Seems a bit unfair that billionaires can just create more billions in a very transparent scam.
Available_Slide1888 on
From the article: While it’s not necessarily uncommon for executives to sell some of their stake in a company, selling at a loss—which they did—can be an indicator of trouble ahead.
No shit, Sherlock!
elementality883 on
Anyone taking bets on a sudden surge in foreign investment pumping the value when it Trumps sell date hits?
karmagod13000 on
ya and in other news water is wet. get f’d donny !
LenasHotTakes on
He can’t lose any more money coz he’s pretty empty on cash isn’t it?
brainiacpimp on
The problem with him selling is there has to be people looking to buy. With the major financial disparity at that company and nothing planned for the future no one will look to buy. Also if he does find someone to buy a huge chunk it will kill the price so most won’t want to buy a huge amount. That company will just be another failed business from Donald dump. It was jacked in price simply because he looked to be president but now this is definitely writing on the wall that he is going to lose. The best case scenario is that another company buys the platform but he definitely isn’t getting a twitter deal lol
a9JDvXLWHumjaC on
Reading the below quoted text I have to ask, what type of rock has this writer been hiding under to not know Turnip will burn these halfwit suckers (maga)? Marks who give a conman the benefit of the doubt, will loss their money and in this case, they deserve it.
>“Speculators in Truth Social would likely see a sizable loss in wealth as Trump sells off some of his position in the firm,” Johnson said. And that wouldn’t be in Trump’s interest, since many shareholders are also his political supporters who could get burned by a massive selloff. “If Trump were to sell a large number of shares and the stock price tanks, to some degree he would be burning his own supporters who bought the stock,”
kerss10 on
The people who made money on it likely support Trump. They’ll just donate a large part of their profits to Trump, and he’ll end up with enough to run his campaign anyway. That was probably the grift the whole time. Everyone knows it was an artificially inflated stock
Competitive_Yam7702 on
Everything trump touches inevitably fails. Youd have thought someone would have realised that in the last 60 years of his life
AreY0uThinkingYet on
Eventually shells at the beach will be the more valuable “shell”
27 Comments
Haha, hope they dump it to low single digits before donOld can dump his as he will dump it to pennies when he sells
He can’t actually lose money because it was worth nothing to begin with, but it would still be funny if he were the one left holding the bag.
Well, they gotta get out of it what they can before the rest of the suckers and losers realize they’ve been had
Oh no!Maybe they’re jumping ship before it sinks.Or maybe they just need some extra cash for a Trump rally.
I imagine today’s stock price will soar now that DJT investors have had a night to digest this news.
Rally today for sure, LOL.
Damn, I didn’t even think of this possibility lmao. Stock is gonna be worthless by the time Dirty Donald dumps his shares.
Going to zero, like the list of Trump’s accomplishments.
The trend continues with this convicted felon. His brand is pretty much failing or fraudulent ventures.
Now? It was down 80% already. Add: [Not what I read but will do.](http://archive.today/TQQFr)
Truth Social Media was officially doomed once Elon Musk welcomes Trump back to what is formerly known as “Twitter”.
Like he ever cared about his colleagues or supporters.
“If Trump were to sell a large number of shares and the stock price tanks, to some degree he would be burning his own supporters who bought the stock,”
Only Alphas hold to zero
It amazes me people were dumb enough to buy this stock in the first place.
The Art of the Deal
This is the best tl;dr I could make, [original](https://fortune.com/2024/08/30/trump-truth-social-stock-insider-sales/) reduced by 85%. (I’m a bot)
*****
> Donald Trump is in need of a massive payday to cover his legal expenses and presidential campaign, but he can't tap into his Truth Social stock.
> In late March, the former president's social media company started trading on the Nasdaq soon after Trump Media & Technology Group merged with a blank-check company called Digital World Acquisition Corp. Truth Social launched in February 2022 after Trump was banned from Facebook and X as a consequence of the Jan. 6, 2021, insurrection at the Capitol.
> "The case for speculating-note, I say speculating and not investing-in Truth Social is that Trump wins the presidency and the social media platform gains popularity and is able to create a sustainable business model," Johnson said.
*****
[**Extended Summary**](http://np.reddit.com/r/autotldr/comments/1f9kg37/top_truth_social_execsincluding_the_ceoare/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ “Version 2.02, ~693376 tl;drs so far.”) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr “PM’s and comments are monitored, constructive feedback is welcome.”) | *Top* *keywords*: **Trump**^#1 **stock**^#2 **sell**^#3 **Social**^#4 **media**^#5
Who is the buyers of the stocks?
The banks?
The trash should never have been so outrageously overvalued in the first place. How did it happen?
Isn’t this illegal? Seems a bit unfair that billionaires can just create more billions in a very transparent scam.
From the article: While it’s not necessarily uncommon for executives to sell some of their stake in a company, selling at a loss—which they did—can be an indicator of trouble ahead.
No shit, Sherlock!
Anyone taking bets on a sudden surge in foreign investment pumping the value when it Trumps sell date hits?
ya and in other news water is wet. get f’d donny !
He can’t lose any more money coz he’s pretty empty on cash isn’t it?
The problem with him selling is there has to be people looking to buy. With the major financial disparity at that company and nothing planned for the future no one will look to buy. Also if he does find someone to buy a huge chunk it will kill the price so most won’t want to buy a huge amount. That company will just be another failed business from Donald dump. It was jacked in price simply because he looked to be president but now this is definitely writing on the wall that he is going to lose. The best case scenario is that another company buys the platform but he definitely isn’t getting a twitter deal lol
Reading the below quoted text I have to ask, what type of rock has this writer been hiding under to not know Turnip will burn these halfwit suckers (maga)? Marks who give a conman the benefit of the doubt, will loss their money and in this case, they deserve it.
>“Speculators in Truth Social would likely see a sizable loss in wealth as Trump sells off some of his position in the firm,” Johnson said. And that wouldn’t be in Trump’s interest, since many shareholders are also his political supporters who could get burned by a massive selloff. “If Trump were to sell a large number of shares and the stock price tanks, to some degree he would be burning his own supporters who bought the stock,”
The people who made money on it likely support Trump. They’ll just donate a large part of their profits to Trump, and he’ll end up with enough to run his campaign anyway. That was probably the grift the whole time. Everyone knows it was an artificially inflated stock
Everything trump touches inevitably fails. Youd have thought someone would have realised that in the last 60 years of his life
Eventually shells at the beach will be the more valuable “shell”