this post was submitted on 15 Apr 2024
454 points (97.1% liked)

News

22583 readers
4437 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. 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.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
 

Trump Media & Technology Group’s stock is tumbling again after the company announced a massive new influx of shares. The struggling company is rapidly losing money, and a new stock offering could help it stay afloat.

But there’s a downside to going back to the market with new shares: A new public stock offering of 21.5 million shares announced Monday would add more than 15% more stock to the publicly available shares of the Truth Social owner. That would substantially devalue existing shareholders’ stakes — including that of former President Donald Trump.

Shares of TMTG (DJT) fell more than 15% Monday. The stock had rocketed higher in recent months in anticipation of merging a blank-check acquisition company with Trump’s media business. But it has lost more than 60% of its value from its peak on March 26, the day after the merger was completed and it started trading publicly as TMTG.

you are viewing a single comment's thread
view the rest of the comments
[–] mozz@mbin.grits.dev 66 points 4 months ago (4 children)

Usually, if you’re running for president, you want to invest money into political or media machines that are going to create true believers for you

If you’re taking the already existing true believers, who think you’re a business genius and all your prosecutions are politically motivated and the election was stolen (like really honestly think all of that is what happened, because they are too deep sunk in propaganda to even see the surface)… and creating an opportunity for them to lose a bunch of their own money by investing in your company, like really be exposed on a personal unavoidable level to how much of a fraud you are and always have been… you’re doing it wrong.

I get it. It’s desperation; you have to siphon money out of them because you need all you can get right now. But it still seems like a tactical error, like there must be another way.

[–] SeaJ@lemm.ee 48 points 4 months ago (2 children)

Usually, if you’re running for president, you want to invest money into political or media machines that are going to create true believers for you

No. Usually if you are running for president, you put your investments into a blind trust.

[–] TropicalDingdong@lemmy.world 50 points 4 months ago (2 children)

No. Usually if you are running for president, you put your investments into a blind trust.

what with his faith in humanity and all.

The 70's are over. Carter putting the farm in a blind trust was rewarded with Republicans bribing Iranian terrorists to keep the hostages longer. Disco is dead.

[–] SeaJ@lemm.ee 23 points 4 months ago (1 children)

The 70s, the 80s, the 90s, and the 2000s. Presidents aside from Trump have always put their investments in a blind trust.

[–] RizzRustbolt@lemmy.world 4 points 4 months ago

Disco didn't die. It evolved.

[–] Windex007@lemmy.world 4 points 4 months ago

OP was referring to the campaign

[–] Ultragigagigantic@lemmy.world 26 points 4 months ago* (last edited 4 months ago)

It's the deep state shorting the stock bro. Trust me bro. Just keep buying the stock bro.

Trump's social media stock is gonna bring down wall street, make you rich, stop the liberals, suck your dick, stop communism, let you suck its dick, stop the RINOs, and help Russia stop the nazis.

/$

[–] MustrumR@kbin.social 7 points 4 months ago (1 children)

Are you implying that Trump believers with faith deep enough to buy the stock regularly (eg they're not an oligarch/enterprise doing it to bribe Trump) is thinking this logically?

People either vote for him for other reasons (tax cuts for the rich, conservatism, fear for the border or racism) or are deep enough into a cult to disregard anything.

[–] mozz@mbin.grits.dev 8 points 4 months ago* (last edited 4 months ago)

Yeah, maybe. His cult is absolutely surrounded by a singular media drumbeat of him being smart, him being rich, him being a winner, the Democrats being bad and evil and jealous and cheaters at the election and just every bad thing in the world. I'm not saying that losing a whole bunch of their personal money because they operated on that model will definitely in itself break them out of the illusion; I definitely think some of them are in too deep even for direct personal experience to impact their perception (especially if the drumbeat is continuing exactly as before). But it'll at least give them a saving throw or something I think.

[–] Buffalox@lemmy.world 3 points 4 months ago

If you have made it your whole life through cheating, and you think cheating worse than everybody else makes you smart, cheating becomes the only way you know to accomplish anything.