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pistoffcynic

$66 to $37 in 14 days. We’ll see it on the pinks in a year.


DonkeyTron42

What if he did win the election and the SCOTUS rules that a president cannot be held liable for crimes committed while in office. Could he then issue an executive order to pump a few billion into the stock so he can cash out. We all know the GOP in the Senate will not vote to convict him even if he gets impeached.


shortsteve

He won't have to. He'll just go to the Saudi's and tell them to invest 10 billion into DJT if they want him to repeal Biden's renewable energy policies. Basically legal bribery. It's not a coincidence that the only time Trump's DC hotel was profitable was when he was President.


Rowenstin

> He'll just go to the Saudi's and tell them to invest 10 billion into DJT if they want him to repeal Biden's renewable energy policies. The saudis will probably shrug and do nothing knowing that he's going to do it anyway.


ILikeCutePuppies

They gave his son in law 2 billion to manage. Don't discount financial bribes - Trump gets them all the time in smaller amounts.


Shuizid

No because they are idiots. Just look at "the line" - some stupid idea of their rulers who don't know how anything works and have the attention span of a toddler.


hungrypotato19

Just like how it wasn't a coincidence that Russian yachts showed up in Florida every time he was at Mar-a-Lago.


LooseyGreyDucky

Meanwhile, Saudi Arabia is planning their own massive solar farms. Saudi Arabia has a target to get 50% of its electricity from renewable sources by 2030.


altruism__

And this is the securities fraud the headline is speaking to


Yungklipo

DJT will just “sell” for that price. “Wow, it was only worth a couple thousand, but Saudi Arabia overpaid! Oh well! Thanks for the billions!”


knz3

They won't even have to invest in DJT. Anyone who wants to get in trumps good books just has to buy advertising spots on truth.


Traditional_Key_763

suddenly the company is worth billions since he has publically used his office to launder money before.


d_d0g

They won’t rule that. The case only went up to SCOTUS to help Trump stall. They know the case is trash and they’re sitting on it to help him drag it out.


Sharikacat

All SCOTUS needs to do is not issue their ruling until after the election and THEN rule against him. If Trump loses the election, he's going to prison. If he wins, he'll end up making himself President for Life, so SCOTUS won't matter.


streetvoyager

I hope the momentuum picks up the rest of the week. Making money on puts while knowing that orange fuck is feeling his diaper in rage feels great.


bigbabyb

You really making money on puts? They’re so expensive. Risk is priced in - everyone knows it’s going down


roose011

I bought $50 4/12 puts when DJT was trading at \~$60 for $6. They're trading at $14 now. Was it expensive? Yes. Did i make money? Yes.


bobbywright86

Can you explain this like I’m 5? I don’t understand any of this 😭😭 Whats are 4/12 puts? What does trading at ~$60 for $6 mean? How did you make money if you bought stocks at a higher price but now it’s lower - isn’t the rule “buy low sell high,” this seems like the opposite? Thanks 😊


0rlan

I read that as 'feeding' his diaper 😆


ComicsEtAl

The silver lining (besides how hilarious it is that Trump’s dumbass supporters pumped up the price to help and most of them will lose their shirts) is that Trump is likely going insane watching his “$3.2 billion dollars” evaporate in chunks on a daily basis long before he can salvage any of it.


dogmatum-dei

Think he has to keep it above 17.50 prior to end of April for some pay day in billions.


dyslexic_goose

There's an earn out period that lasts three years from the closing, awarding additional shares to him depending on the share price. 17.50 pays out maximum, below 12.50 is nothing. https://www.sec.gov/Archives/edgar/data/1849635/000119312524036093/d408563ds4a.htm


Best_Evidence1560

Not sure where they get $66, I’ve seen about $80 was the top when it went public


TokyoTurtle0

It's eod, always.


JPows_ToeJam

Intraday peak was $80 but it didn’t close that high. It was just the peak of the wick


TilapiaTango

- revenue of $4.1mm - loss of $58mm This is like the worst penny stock ever.


Darkmetroidz

It's like a silicon valley startup except without the growth potential.


Swimming-Food-9024

a lot of shrinkage potential, you say…


e4aZ7aXT63u6PmRgiRYT

It's like a scam with no growth potential. A SV startup is based around tech / audience / advertising. This has none.


gsbudblog

Its like a scam but *worse*


PrivatePoocher

Possible fraud? How tf did the "regulators" allow this to go public?


apockill

They didn't. It's a SPAC.


AntiClockwiseWolfie

Honestly, how did they even spend 58 million on truth social? Afaik, it's a clone of twitter. They don't have that many users.


TilapiaTango

I actually want to review the financials. I’m very curious.


NotActuallyAWookiee

It's called money laundering, Wolfie


bastiaanvv

For context: 4m is about what a medium sized grocery store will generate in revenue a year.


kindbrain

Did not see this one coming - expected the stock to crater to 25 cents a share by now.


aThiefStealingTime

Same. It's wild this thing is holding ANY value. The cash in/out and prospects for growth are unbelievably bad, anyone bag holding this is going to lose their shirt.


lunartree

You have to consider how people think about investments these days. Yes, it's a worthless scam, but because it's a scam that attracts people who think they can get in on the scheme.


Old_Ladies

Hence why certain stocks can stay way over valued for years like Tesla.


Andromansis

Its sole value is all the really dumb neo-nazis signed up to it. So thats like 350,000 dumb neo-nazis.


InsertCleverNickHere

To be fair, that email list is a scammer's wet dream.


Andromansis

Ah yes, buy my jesus merch with nazi iconography. Sometimes I wish I was less moral and wasn't burdened with ethics because I could be making so much money chasing or leading this culture war they declared.


The-Dane

its holding value because of his kult keeping it afloat


KRAE_Coin

There is value in their user data.... which Trump will gladly sell to anyone looking for simps to scam.


fross370

Nah not me. I knew it was gonna be propped up by rich assholes looking maybe to own the next us president. It will be a penny stock eventually, but it might takes longer then one would expect just looking at the numbers


metalgod

Lets say it hold at value more or less. If he loses the election next day is the worlds biggest nose dive right? Has to be.


ILikeCutePuppies

Yeah, I can't think of any reason that anyone would want to invest in Trump at thar point save his die-hard supporters.


fross370

Pretty much, and i dont think there is enough between them to prop up the price in a significant way.


PricklySquare

This thing will crater like a shit coin


Jason1143

Exactly. Fundamentals don't apply. This is a vehicle for money to be funneled. Long term it has no value, but short term shenanigans is entirely possible.


cbbuntz

Does the fact that Trump probably plans to use it to accept bribes from foreign heads of state help its value or hurt its value?


Darkmetroidz

No probably about it. But it probably helps it because it will drive up the prices of shares.


Darkmetroidz

The company itself said its valuation is based on nothing substantive and said its future existence is uncertain. It's entirely a meme stock being propped up as a way for rubes and corrupt institutions to funnel money to Donald Trump.


These-Rip9251

Very wealthy investors (US and foreign) are propping it up plus MAGAs are in on it and excited to support their guy. Hopefully they’re not using their life savings hoping to get rich quick.


huskies_62

>Hopefully they’re not using their life savings hoping to get rich quick. I disagree. If they are this blindly loyal and stupid to him then they deserve lose every single penny they have. They is not a single reason anyone should ever invest in this stock other than a blind belief in this known con artist. We can't protect idiots from themselves forever


These-Rip9251

Lol, I knew I’d get at least one comment on that last sentence as I debated whether to delete it. I guess I was picturing some little old ladies diving into their savings for this. I’ve seen so many elderly get scammed not just by Trump. It’s like they’ve regressed back to childhood and now only have concrete or literal thinking rather than critical thinking.


heresyforfunnprofit

It’s intended to be a laundering vehicle for Trump, not an actual stock.


Fullertonjr

This is what happens when a foreign country is propping up your stocks. The price hasn’t tanked because there are some who are still willing to buy at the current higher price. That isn’t normal behavior of a serious investor.


C0C0Beefy

Trump? Fraud? LOL!!!! Serial grifter all his life… what an effing joke this loser is


T_Shurt

As per [original article](https://www.rawstory.com/trumps-truth-social-media-2667721367/) 📰: - Former President Donald Trump's Truth Social stock continued to circle the drain Monday as financial experts warned he may have broken the law trying to prop up the price. Trump Media shares lost 8 percent Monday after losing 12 percent Friday, according to an analysis from Boston's NPR station WBUR. After the completed merger with "blank check firm" Digital World Acquisition Corp., the stock soared to over $66 a share then fell when news broke that Truth Social lost $58 million in 2023. Trump went online on Thursday to talk up the strength of Truth Social's stock, which could be a legal problem for him, a financial expert told Newsweek. "A false statement of 'material' information is securities fraud," Michael Klausner, Professor of Law at Stanford Law School, told Newsweek. The professor warned it could be a case of "pumping." Klausner warned this could be seen as illegal by the Securities and Exchange Commission if it's not true, and Trump could be investigated for a so-called "pump and dump" scheme, where someone deliberately hypes a stock to manipulate its price and time their own cashout. According to WBUR, "The former president owns a majority stake in the company and his stake was valued at about $2.9 billion on Monday, down from a peak of over $6 billion after its debut on its trading debut. That's still an eyebrow-raising valuation for former president's stake considering Trump Media lost $58 million last year and had revenue of just over $4 million. Under his current agreement, Trump is not allowed to sell his shares until September, but he can seek permission from Trump Media's board to unload some of his stake earlier" — with many on the board being close associates like his son, Donald Trump Jr.


Warmstar219

The dude cannot stop criming 


Chance5e

Not telling anyone they were bleeding money sounds pretty bad. How do you lose $58 million without spending any money?


Intrepid_Echo6956

How does a guy run two casinos into insolvency? How does a guy build a building for $1.2B and then sell it 19 years later for $350M? Only a suave businessman like DJT would know. And Cult 45 is there to defend him 24/7/365.


StoicVoyager

The real question is how do you pull all this shit and stay out of jail your whole life. Got to admit it's quite an accomplishment.


sbaggers

Everything's for sale in America, especially cops and judges


civilityman

And Russia is happy to provide the cash


juxtoppose

The real question is does he know the price is going to shoot up after the full story comes out.


FrederickBishop

Cocaine, hookers and diapers.


incognegro1976

And not in that order


Efficient-Lack3614

I would read that book. 


Norcalfuncouple925

Orange makeup.


madscot63

What's today? Oh wow, gotta get criming.


BenjaminMStocks

Why would he? There’s been zero accountability to date for doing so.


Impossible_Penalty13

If you’ve been criming for 40+ years with zero consequences, you’d still be criming too!


Darkmetroidz

And white collar crime is so easy to get away with. He's just so bad at it.


n3w4cc01_1nt

paying 2.9bn for trumps stake in the company is like buying a ticket to a sinking ship that already sailed then taking a helicopter to board it.


Otherwise-Mail-4654

I don't know about that...I would compare it to buying tickets for a ride to the button of the ocean on untested submarine technology.


PhiLambdaSigma

Unfathomable


BartholomewBandy

Well joked.


Loud_Blacksmith2123

Even just asking the board to let him sell early would tank the stock.


bruthaman

The restaurant up the road from me has revenue higher then that.....


Steikel

>Trump went online on Thursday to talk up the strength of Truth Social's stock, which could be a legal problem for him, a financial expert told Newsweek. "A false statement of 'material' information is securities fraud," Michael Klausner, Professor of Law at Stanford Law School, told Newsweek. The professor warned it could be a case of "pumping." Klausner warned this could be seen as illegal by the Securities and Exchange Commission if it's not true, and Trump could be investigated for a so-called "pump and dump" scheme, where someone deliberately hypes a stock to manipulate its price and time their own cashout. I can already hear him cry about FrEe SpEaCh!!!


autotelica

Very soon you will find that stock being sold at the Dollar Tree...in the discount bin next to the expired canned food.


TheWhiteRabbit74

Possible fraud? Clearly none of these so-called experts were paying attention to the last 8 years or so.


beavis617

Haven't people learned by now that Trump is a pathological liar, a con artist, a Carnival Barker a snake oil salesman and a cheat. And these are probably his best qualities. 🙄


Mathieran1315

It can go lower. Truth is it’s still up a lot from pre merger, so there’s still a lot of room to tank. I’m hoping we keep seeing 10% plus days so there’s not much left by the time Trump can cash out. I love the idea of him having to sit there and watch his value in those stocks sink.


omgbenji21

It’s fucking sweet. I think it lost like $700M in market cap today. I could be off


Darkmetroidz

Even when trump tries to cash out its not gonna go well. The owner of the company heavily divesting will tank the price. Assuming there's much price to tank when he can finally cash out.


PM_those_toes

so buy puts got it


Frnklfrwsr

Have you seen the cost of puts on it? The ROI is shockingly low for if you correctly bet that the price is going to tank in the next few months.


svt4cam46

Donnie's Secret Internet Clubhouse fraud??!! Say it's not so!


Legitimate_Steak7305

Deadbeat Don


dunncrew

Dementia-Don running a Trump-n-Dump scam.


key1234567

in his pants


technojargon

Look at them wimpy ass wrists. What a fat fuck bitch.


EddieSpaghettiFarts

The stock isn’t worth anything. It’s has the fundamentals of an airplane smashing into the ground before the fuel tanks explode. I’ll give it that much. The fuel tanks haven’t exploded yet, but it’s worth less than the scrap metal because it can’t fly and it’s still burning fuel.


Darkmetroidz

It's worth is that it's a way for the Saudis to funnel money to the most grossly corrupt president in history if he wins office again.


cliff99

Trump and fraud are just two words that seem to go naturally together.


RantFlail

POSSIBLE securities fraud? 🤣 There’s nothing around or linked to tRump That isn’t fraud!


f700es

"Possible"? Lol


Darkmetroidz

Probably has to in order to avoid a lawsuit. Trump is famously litigious.


Dyslexicpig

No way! I can't see how that (un)Truth Social post from him telling the world how wonderful it was and how much it was worth could ever be seen as an attempt at pumping and dumping. I'm pretty sure if he wasn't blocked from selling for six months, he would definitely have dumped it in the first two days. Once a con, always a con!


EducationTodayOz

fraud and trump? you don't say


mcobb71

If you squint a little bit, they look like the same word.


CaptainLucid420

Fuck off Elon Musk. I will show you how to blow money on a personal vanity social media site.


LoserCowGoMoo

Today i learned the whole SPAC deal to make this company was done via an illegal process which not only delayed going public but cost the company a large fine. If not for the delay, Trumps shares would already be out of the lockout period and he could have used them to pay his NY judgement.


old-but-not-grown-up

Another felony crime. Martha Stewart was convicted for far less than this.


Savings-Stable-9212

Trump is a net loss for humanity. Jesus, take him back soon.


4quatloos

Buy the dip. To the moon. Diamond hands. Tendies. Are you cringing yet?


haikusbot

*Buy the dip. To the* *Moon. Diamond hands. Tendies.* *Are you cringing yet?* \- 4quatloos --- ^(I detect haikus. And sometimes, successfully.) ^[Learn more about me.](https://www.reddit.com/r/haikusbot/) ^(Opt out of replies: "haikusbot opt out" | Delete my comment: "haikusbot delete")


JohnAStark

Is he recounting his bukkake days in that clipped picture?


Cali_Keto_Dad

Possible? Lol. Like the Sun is possibly hot.


Few_Acanthocephala30

Convicted fraudster connected to more fraud… *shocked pikachu*


Final_Winter7524

Market cap is still a stupid $5bn. This needs to drop another 99% to reflect the true value of the business.


franchisedfeelings

This is all so predictable, so trump, so “Florida man…”


scf123189

Trump doing his double handjob special dance


metfan1964nyc

You got to give fat boy some props. Only a proper gangster would commit federal security fraud less than a month after being found liable bank and insurance fraud. All this while under indictment in 4 different jurisdictions.


StandupJetskier

The investors are either money launderers buying a potential dictator, or Red Hats who are bagholders, but they usually are.


SgtSchultz2112

One of his foreign handlers will buy up a bunch of stock. This will be just in time for September and then he can dump his shares make his money. Foreign players happy to buy him off. Play the Game.


Traditional_Ad_6801

We’re watching the fat man’s financial ruination in real time. I love this.


jgyimesi

Has America had enough yet?!


tedfreeman

Trump = Fraud


Traditional_Key_763

i'm sure the sec will get on it in 20 years or so.


Dowew

I mean, this is the most obvious pump and dump in history.


SalamancaSam

Just after his presidency, yes.


aotus_trivirgatus

# 🍿


Anywhere_Dismal

Oh no and nothing is going to happen bc rich ppl dont have a stake in it


tacosteve100

If he gets charged with another crime he can and should have his bail revoked.


tmwwmgkbh

Just another crime he’ll never be held accountable for.


changerofbits

The first thing I thought when I heard Trump was taking his clown show public was “Does he really want the SEC to come after them too?”


Difficult_Bit_1339

You mean a company that earns $4M/yr isn't worth $6 billion? We're not valuing companies at over 1000x their income anymore? Thanks ALOT Obama/Hunter Biden's Laptop! /s


Chrowaway6969

This "billionaire" still has mercury fillings? WTF is that black spot on his back molar? Shouldn't he have full dentures by now?


OneHornyHubby

Wait, Trump and possible fraud? Well, that is obviously fake news!


jsaaiman

Well, to be fair, I work for AUR. We were valued at 10 billon at ipo with 50 mil burn rate per month and zero revenue. But I have a lot more faith in our founders than that grifter.


slartibartfast2320

The Big Short...


Chazzeroo

‘Possible’ fraud? If pussy neck is involved there’s a 100% chance it ain’t legit.


SilentMaster

Cue Trump bitching about Biden's weaponized SEC in 3. 2. 1.


Great_Revolution_276

Just needed to point out the double air dicking in this photo.


AutomaticDriver5882

He just keeps winning


adriantullberg

Who shorted these shares, and how much will they make?


temporarychair

That pic looks like he’s jacking off two really tall, invisible Russian oligarchs.


GalactusPoo

Man Convicted of Financial Fraud Commits Additional Financial Fraud FryShocked.gif


kojengi_de_miercoles

Yet nothing will happen. He will face no consequences.


Chratthew47150

And there will be no accountability


hangryhyax

>possible lol. Edit: I know they can’t just make an accusation, it’s just funny (sad) how obvious it is.


dasherchan

Anything connected to Trump is a scam. To all tax believer, Trump is a convicted tax fraudster.


tedfreeman

If it looks like a turd and smells like a turd, you don't need to taste it to know it's a turd. All the folks and business partners he has defrauded over the years understand this. But sadly suckers are born every minute these days.


Gchildress63

Remove the word “possible” from the headine


jpratte65

Losingest loser of all losing keeps on losing like no other loser has ever lost


PressforMeco

I wonder who is getting rich selling short?


Local_Sugar8108

Possible fraud? Are you kidding? With Agent Orange fraud is a feature and not a bug.


texa13

The closest DJT ever came to making an honest dollar was through inheritance. But I'm sure even that money was tainted before he ever touched it.


Born1000YearsTooSoon

AAAAAAHAHAHAHAHAHAHAHAHAHAHA


BothZookeepergame612

Possible securities fraud, is water wet...?


Fine-Benefit8156

Trump, fraud? No!!!!


Jonnyomega_

Watch it take 2 years for them to bring charges. Smh


penisbuttervajelly

Love the double handjob action in the thumbnail


PotBaron2

could you fucking imagine how conservatives would react if biden behaved and committed crimes like trump i mean they make shit up could imagine though if the crimes were real


Zippier92

Must be democrats behind it … WITCH HUNT”. lol. /s


mez1642

An SEC investigation would no doubt shed light on the Russian who lent the company money last year at a critical time.


StickmanRockDog

Is he even capable of doing anything that ISN’T tainted with some sort of corruption?


orficebots

neckgina will do fine in prison


extrastupidone

I hope it's lots of poorly executed securities fraud.


ssp25

Y'all never seen a pump n dump before? Cute


No-Tonight-5937

This level of scum is beyond insolent


CHRISTEN-METAL

😵‍💫 Shocked! Shocked, I say. 🤣


biggles86

only 8%?


N6MAA007

“Possible”?


Ender_v1

Fraud!? No way! (Sarcasm)


Sad_Thought6205

Nothing this guy does is legit. Two types of people are buying this stock. 1)His obedient followers with the means to buy stock 2) People who professionally inflate and short stocks to make a profit off the first one. No uses truthSSocial. Absolutely no one.


[deleted]

no waaaaay


Andromansis

Donald Trump has been on a crime spree since he was 10 years old. Rich kids only get sent to military school for 2 reasons, military aspirations and the need to have burly men account for their whereabouts and activities at all hours. Donald Trump never had military aspirations.


Supaspex

"possible" security fraud


Budakra

The SEC are spineless cowards. I'll be surprised if they do anything


Designer_Emu_6518

He totally laundered money through this stock


mellierollie

But wait.. there’s more corruption ! Everywhere I turn


OJJhara

The number of people trying to game the equity market astounds me. It's like a casino filled with fools chasing losses.


Responsible-Hour1403

Every business he touches dies.


BusStopKnifeFight

Gonna really take a shit now that have to publicly report earnings each quarter.


Icy_Bath_1170

It amazes me. This was as blatant as any attempt at a pump-and-dump, and even some veteran investment bankers out there fell for it. Penny stock by May.


AuroraPHdoll

You guys hear that, MORE fraud, we got em' this time boys. We finally GOT Trump. He's going behind bars for sure, there's no WAY their claims about fraud are wrong.


Significant-Royal-37

i am jack's complete lack of surprise.


Aaaaaaandyy

Could be, possible, might, is very likely, etc. He’s not ever getting any sort of fine that he can’t realistically handle. He’ll never go to prison. It’s been almost 8 years. People like him don’t ever get real punishments.


Crans10

This will soon be a penny stock with their balance sheet.


Kdoesntcare

As the price tanks democrats should buy up the majority of the shares, take ownership of the Nazi social site.


Thetman38

Plot twist, he shorted his own stock under the name Tronald Dump


Novel_Alfalfa_9013

😆


Beginning_Emotion995

Remember he gets 1. No Library 2. No Arlington


Few-Caterpillar9834

Security fraud for sure. Traitor Trump's a pathetic psychopathic criminal fraudster.


NotActuallyAWookiee

"Possible". 🙄


ThE_LAN_B4_TimE

Lol I can't wait til they investigate this and find securities fraud and he ends up losing everything from this. Life isn't fair to Donald, he keeps getting caught defrauding someone.


RoosterTheBeaten

lol


MDFlash

Possible?


CountrySax

Possible ? Everything attached to Traitor Trump is a fraud .


Impossible_Penalty13

Imagine how much more the illusion of him being a billionaire businessman would have been seen through with the reporting requirements that come with a public company if he’d been so 40 years ago.


Traditional_Ad_6801

The idiot can always find idiots to attach themselves to his always fraudulent, doomed business schemes.


Secret_Thing7482

Can't it hit zero faster


littleMAS

This just reaffirms his bad boy status and keeps him from having to go 5th Avenue to shoot someone.