this post was submitted on 09 Aug 2024
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[–] minibyte@sh.itjust.works 128 points 1 month ago* (last edited 1 month ago) (3 children)

Chapter 11 is Donny’s favorite number:

Taj Mahal, Trump University/Castle/Shuttle/Steaks/Vodka/Ice/Magazine, and now Trump Media.

[–] FuglyDuck@lemmy.world 33 points 1 month ago (1 children)

He's just gonna dump the stock and make out like bank leaving the rest to flounder.

[–] minibyte@sh.itjust.works 7 points 1 month ago* (last edited 1 month ago) (2 children)

I think there’s a lock out period for him following the merger but I don’t know for how long. There’s still time for the stock (DJT) to plummet, with any luck.

[–] fine_sandy_bottom@lemmy.federate.cc 18 points 1 month ago (5 children)

6 months. From April I think, so that would mean he can sell in October.

The share price is absurd. Idiots buying because they want to support trump somehow. The shares are worthless but hapless idiots will pay stupid prices for them.

He will start selling as soon as he can. I expect there will be a steady downward trajectory but who knows how fast and how low.

[–] tal@lemmy.today 10 points 1 month ago* (last edited 1 month ago) (2 children)

I bet that he blames "market manipulation" or something to his followers when he sells.

[–] barsquid@lemmy.world 7 points 1 month ago (1 children)

Crooked Joe Biden directly attacked the stock price somehow.

No, Lyin' Kamabla is behind it now.

[–] eestileib@sh.itjust.works 2 points 1 month ago

DRS your Trump Media!

[–] Socsa@sh.itjust.works 2 points 1 month ago (1 children)

It's definitely not retail investors. The entire thing very obviously a back channel for the mob and Russians to pay Donald Trump for various things by propping up the share price.

[–] nilloc@discuss.tchncs.de 2 points 1 month ago

Trump hotel 2.0. With less expenses.

[–] Pacmanlives@lemmy.world 1 points 1 month ago (1 children)

Which means there be a massive pump in September/early October and then dump

I don't think it will be quite so pronounced. Trump has a majority holding so he will have to drop comparatively small holdings whenever he can do so without tanking the price.

[–] PumpkinEscobar@lemmy.world 1 points 1 month ago

Easiest shorting money I ever made.

[–] TehWorld@lemmy.world 1 points 1 month ago

Foreign governments are certainly propping up shares.

[–] FuglyDuck@lemmy.world 2 points 1 month ago

It was a few months, but I think it’s about to expire.

[–] Zachariah@lemmy.world 17 points 1 month ago (2 children)

Wow, you actually read Art of the Deal ?

[–] ChicoSuave@lemmy.world 11 points 1 month ago

I think he keeps bankrupting his companies so that he can update the list of his businesses in the book, creating new editions every few years. If you have an old copy, just burn it because the new ones are so much better with the newest info. In fact, after burning the old one, wait a bit for the new one to drop. He's clearly getting ready to update the new one with DWAC and Trump Media.

Even Trump never read that piece of shit.

[–] kevindqc@lemmy.world 13 points 1 month ago* (last edited 1 month ago) (1 children)

Excuse me! Trump Vodka, the world's finest super premium Vodka, still exists in Israel!

[–] athairmor@lemmy.world 10 points 1 month ago

It’s so fitting. Vodka is the cheapest alcohol you can make. It’s basically watered down ethanol. Overpriced vodka is so on-brand for a Trump. And he still couldn’t make a profit.

I wonder why it still exists in Israel. I bet he sold the rights to it there and has nothing to do with the business.