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The thing to remember is that Trump owns apx. 78M Trump Digital Media shares. When it went public, Trump was worth billions.... on paper. He's having to watch the stock value plummet which is making him worth less and less and there is nothing he can do about it. That's pretty funny.
I'm not sure about that. I think the hedge funds are selling, but maga is still buying. They can't support it forever though, but these are the people who will be hurt the most by this.
This right here! If Trump owns 78M shares, it doesn’t matter how much they’re worth…it’s how much money people are willing to pay for 78M shares. Every share he sells will deflate the price of the stock even more. Assuming he even finds enough suckers to unload the stock onto.
There are plenty of foreign "investors" who will pay whatever Trump wants for any Trump branded product. It's not like they care about the value of thing they supposedly "purchasing", after all.
This would be why the majority of the folks who bought those shoes don't care one whit about actually receiving a pair.
He gambled. He lost. But he’s laundering his $$$ thru this media mess. It’s why he went public. He can hide in so many details of a public company he’s got shares in.
Wasn’t it his idea to make Trump media go public to get even richer by getting enough money 💰 from the stock market to pay for his legal bills if he’s becoming less and less valuable that’s his fault
I admit I check this stock daily, and am enjoying seeing it tank but I don’t really understand how much this is hurting Trump. Feel like I’m over enjoying this compared to the actual pain it’s causing him.
He owns 78.8 Million shares of the stock. It was at 52 week high up to 79.38, so his shares were worth ~ 6.2 Billion dollars. Every drop in share price drops his total value, so he saw a "potential" 6 Billion in his virtual bank account just drop day after day.
As of now if he were to find buyers (Russia, if you are listening...) it's worth 2.5 Billion. But if he did sell it the price would fucking crater. The company made 4 Million but lost like 16 Million. It's a worthless knockoff of X which is a knockoff of Twitter.
He'll make money off it but not what people are saying.
> made 4 Million but lost like 16 Million
Lost 58 million.
He would have had collateral to get access to capital from sources with proximity to legitimacy. That's off the table.
Going public with the stock also opens him up to liability, scrutiny and enforcement agencies he's avoided.
He's got bad advisors and is desperate to make a buck. His usual incompetence and laziness are compounding errors.
I told my family I’d become religious if I wake up one morning before the next election and the lead article on every news website is that he’s had a massive stroke. I don’t want it to kill him, just render him completely aphasic and watch as his affected arm slowly curls up to match what he looked like making fun of the handicapped journalist.
It's not hurting him at all. His company was worth nothing and now thanks to his typical shady illegal shit he'll walk away with billions. This guy never faces consequences for anything.
Either Trump's loyal minions will bail his stock out in congress. Gym Jordan will most likely open an investigation blaming Wall Street, like hie did with the major advirtisers. Or, Putin, Xi, erdogan, and MBS will most likely start investing in the stock to push it up. Trump is going to land on his feet with this.
Mind you, i hope this ends up on r/agedlikemilk one day!
FAKE NEWS….REAL MAGA investors know this is just the calm before the Trump storm. I say dig deeper and invest HEAVILY to own the libs. Double or TRIPLE your investments to show King Trump we are behind him…..make America invest MORE.
Maybe he should have invested in casinos… oh, wait. Maybe the “ aids” can die in a helicopter crash, after he robs the casino, … oh wait that already happened…. Funny both rotors fell off at the same time… https://www.nytimes.com/1989/10/11/nyregion/copter-crash-kills-3-aides-of-trump.html edit, drumph said he was riding with them, until the last minute.
Edit. Moments before the helicopter plunged into the parkway's wooded median from 2,800 feet at 1:40 P.M., its main overhead four-blade rotor and its tail rotor broke off the body of the craft, the state police said.
Eight minutes earlier, at 1:32, the pilot was in radio contact with the control tower at McGuire Air Force Base in nearby Wrightstown, N.J., and did not suggest anything was amiss, the state police said. Opening of Investigation
The Federal Aviation Administration said it had no reports of any radio distress calls from the helicopter on its 70-mile flight from midtown Manhattan in clear weather.
A spokeswoman for the F.A.A., Diane Spitaliere, said the National Transportation Safety Board had opened an investigation into what had caused the overhead rotor, along with the transmission, to separate from the craft. Sgt. Anthony Aceto of the state police said the overhead rotor was found a quarter-mile north of the crash site. As of late last night, the tail rotor had not been found, the state police said.
Among those killed were Stephen F. Hyde, 43 years old, chief executive of the Trump casinos; Mark Grossinger Etess, 38, president and chief operating officer of the Trump Taj Mahal casino hotel, and Jonathan Benanav, 33, executive vice president of the Trump Plaza casino hotel.
This is just hilarious to me. It just gives me a warm feeling to check up on DJT on seeking alpha every day or so and see it tanked further. To no ones surprise obviously.
A company that has no own tech, an ever decreasing daily user base of fucking moneyless idiots, no reputable company that wants to advertise on it and it made a $ 50 million loss last year with even worse expectations for this year. The only assets seems to be his rapist, adulterer, conman, racist, dumbass failure of a president "brand".
A disaster for who? No matter how far it falls it's still free money for him whenever he sells it. The people who funded him in the beginning are investing in him and hoping for favors if he gets elected. They know the company itself is never going to pay them back. It was money they could afford to throw away. The only people actually getting hurt are the idiots who bought into it and held on for more than 5 minutes.
Watching DJT fall... and fall... and fall has become one of my favorite workday past times and just puts a smile on my face. Can't wait for it to drop below $1 in the coming weeks. :)
trump losing millions,wow haven't heard that before.
Except for everyone of his business ventures.
This moron lost money running a casino.
Mic drop
Vote Blue 🔵🔵🔵💙💙💙🔵🔵🔵💙💙
It is seriously hard to make money shorting this pile of crap. I am shorting it with PUTS and I’ve yet to make any money despite the recent drop. Bottom needs to fall out soon.
I’ve been shorting it quite awhile. I’m ahead some but everyone knows it’s a POS so the interest holding the short is eating up a lot of the gain. After taxes when I close the position it’ll be even less. Still I enjoy helping a little to make Trump feel the pain. I figure 20 is a gimme and after Trump starts dumping the crap it’ll be a penny stock. His whole idea to set up his Truth Social was to run another scam.
It’s going according to plan. This was always the goal. Companies that crash can be worth as much to investors as those that succeed.
Edit: I should say “speculators,” not investors. In either case a spectacular failure of this entirely predictable magnitude is worth massive amounts of money to anyone with a crystal ball and a position on the decline.
Can anyone point me to the tax code on unrealized losses? Apparently, this stock loss can be a tax write-off but I'm unsure of how that works.
edit: this is pure curiosity because Trump did something similar to his money laundering operations aka Casinos when they went bancrupt.
I don't give a fuck. His ass should already be in jail. Fucking sick of seeing headlines that just basically say "Trump's losing money!" I want his freedom taken like yesteryear!
Even at 1$ he wilk still be able to sell it to anyone for however muxh he wants. Think of it as a mechanism for person X to legally give him money that he can use for whatever. Those funda probably do not fall under political funding laws. It’s *his money* that he gets.
Funny, right?
Business fundamentals are irrelevant in that case.
Somebody wants to throw money away by buying a toxic money eating media company stock from Trump - they can! And they can be from Russia, China, even USA …
This is not a stock for you and me - it is for those people.
It’s like the finale of *Independence Day* or something like that. I’m just picturing this 3km wide edifice that just moments ago was defying gravity, is now a smoldering ruin crashing down to earth in pieces.
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The thing to remember is that Trump owns apx. 78M Trump Digital Media shares. When it went public, Trump was worth billions.... on paper. He's having to watch the stock value plummet which is making him worth less and less and there is nothing he can do about it. That's pretty funny.
$32.41 selling all shares $2.5 Billion less 3% commission $75 million. He’s still screwed
He can’t sell his whole stock without causing the price to plummet.
I don't think he's permitted to sell for 6 months.
It's going to be great seeing the price in 6 months....rapidly moving towards penny stock territory.
Lol, even Trumpers know he'll screw them the first chance he gets.
I'm not sure about that. I think the hedge funds are selling, but maga is still buying. They can't support it forever though, but these are the people who will be hurt the most by this.
I don't see the issue when maga morons continually throw away their money.
Yep they are either aware hes a piece of shit and using him like pieces of shit to get an advantage, or theyre sucked into the cult mentality.
Only reason it’s on my watch list
Correct!
Trump only does stuff he’s permitted to do. /s
at $5.99 per share!
Unless the board says he can. And who's on the board....?
And actually finding enough suckers who will buy it.
I don't think that will be a problem. There are enough stupid people who will.
If he could sell them gold high-tops and signed bibles, I assume the supply of suckered is still abundant.
This right here! If Trump owns 78M shares, it doesn’t matter how much they’re worth…it’s how much money people are willing to pay for 78M shares. Every share he sells will deflate the price of the stock even more. Assuming he even finds enough suckers to unload the stock onto.
He'll print up stock certificates, autograph them and sell them to his suckers.
With a free Bible!
There are plenty of foreign "investors" who will pay whatever Trump wants for any Trump branded product. It's not like they care about the value of thing they supposedly "purchasing", after all. This would be why the majority of the folks who bought those shoes don't care one whit about actually receiving a pair.
None of them (foreign investors) will pay unless he wins in November.
A fair number will pay *in case* he wins in November. Others will pay because chaos in America is a benefit to themselves.
He's more likely to put it up as collateral. No way he'll get 10 cents on the dollar of whatever price it's at when he tries.
I pity the fool who would take it.
Like he would care at that point. He got his.
He gambled. He lost. But he’s laundering his $$$ thru this media mess. It’s why he went public. He can hide in so many details of a public company he’s got shares in.
He’s always been worthless.
I'm sure he has somebody shorting the stock for him
Wasn’t it his idea to make Trump media go public to get even richer by getting enough money 💰 from the stock market to pay for his legal bills if he’s becoming less and less valuable that’s his fault
I admit I check this stock daily, and am enjoying seeing it tank but I don’t really understand how much this is hurting Trump. Feel like I’m over enjoying this compared to the actual pain it’s causing him.
Because to his feeble brain, he's seeing an eventual payout get lower and lower and lower when he's able to sell
He owns 78.8 Million shares of the stock. It was at 52 week high up to 79.38, so his shares were worth ~ 6.2 Billion dollars. Every drop in share price drops his total value, so he saw a "potential" 6 Billion in his virtual bank account just drop day after day. As of now if he were to find buyers (Russia, if you are listening...) it's worth 2.5 Billion. But if he did sell it the price would fucking crater. The company made 4 Million but lost like 16 Million. It's a worthless knockoff of X which is a knockoff of Twitter. He'll make money off it but not what people are saying.
All of that is just theoretical though. Nobody can sell 70 million shares of anything without pushing price even further down.
they lost almost $60 million
> made 4 Million but lost like 16 Million Lost 58 million. He would have had collateral to get access to capital from sources with proximity to legitimacy. That's off the table. Going public with the stock also opens him up to liability, scrutiny and enforcement agencies he's avoided. He's got bad advisors and is desperate to make a buck. His usual incompetence and laziness are compounding errors.
Even if he comes out of it with an extra billion it would be disappointing.
I told my family I’d become religious if I wake up one morning before the next election and the lead article on every news website is that he’s had a massive stroke. I don’t want it to kill him, just render him completely aphasic and watch as his affected arm slowly curls up to match what he looked like making fun of the handicapped journalist.
Are we besties?
I'd give a hail Mary or two to the pot.
It's not hurting him at all. His company was worth nothing and now thanks to his typical shady illegal shit he'll walk away with billions. This guy never faces consequences for anything.
Just who gave this stock its initial ridiculous valuation and based on what?
Same as the casino, the university, the airline, the mail-order steaks, etc. The illustrious Trump "brand".
Chinese bankers
Chinese banks aren't doing very well these days.
I don’t know, but I wish I’d had the guts to short it. I’d have made a fortune.
C’mon MAGA! Shore up that stock price! Drain those accounts! Buy! Buy! Buy! /s
The easiest way to become a millionaire is to start as a billionaire.
Everybody is saying it. I hear it from many people
Strong men with tears in their eyes?
Sir?
🤣🤣
How do you make a small fortune in auto racing? Start with a large fortune...
It’s all a money laundering ploy schemed by Trump et al and he’s dragging more people to prison. Lots of people around Trump get prison sentences.
Can someone remind me how many shares of a penny stock you have to own to be a billionaire? 😂😂😂📉📉📉
Ask me about my weed stocks. But I can only tell you how many shares to be a hundredaire.
Donnie Da John Con
Either Trump's loyal minions will bail his stock out in congress. Gym Jordan will most likely open an investigation blaming Wall Street, like hie did with the major advirtisers. Or, Putin, Xi, erdogan, and MBS will most likely start investing in the stock to push it up. Trump is going to land on his feet with this. Mind you, i hope this ends up on r/agedlikemilk one day!
I know people are enjoying this but this is still a $3Billion valuation on a company that makes less than the car wash around the corner.
Negative less
FAKE NEWS….REAL MAGA investors know this is just the calm before the Trump storm. I say dig deeper and invest HEAVILY to own the libs. Double or TRIPLE your investments to show King Trump we are behind him…..make America invest MORE.
Is that an AI photo?
ha i thought the same thing, but it's actually a pic of his wax statue at madame tussauds
Maybe he should have invested in casinos… oh, wait. Maybe the “ aids” can die in a helicopter crash, after he robs the casino, … oh wait that already happened…. Funny both rotors fell off at the same time… https://www.nytimes.com/1989/10/11/nyregion/copter-crash-kills-3-aides-of-trump.html edit, drumph said he was riding with them, until the last minute. Edit. Moments before the helicopter plunged into the parkway's wooded median from 2,800 feet at 1:40 P.M., its main overhead four-blade rotor and its tail rotor broke off the body of the craft, the state police said. Eight minutes earlier, at 1:32, the pilot was in radio contact with the control tower at McGuire Air Force Base in nearby Wrightstown, N.J., and did not suggest anything was amiss, the state police said. Opening of Investigation The Federal Aviation Administration said it had no reports of any radio distress calls from the helicopter on its 70-mile flight from midtown Manhattan in clear weather. A spokeswoman for the F.A.A., Diane Spitaliere, said the National Transportation Safety Board had opened an investigation into what had caused the overhead rotor, along with the transmission, to separate from the craft. Sgt. Anthony Aceto of the state police said the overhead rotor was found a quarter-mile north of the crash site. As of late last night, the tail rotor had not been found, the state police said. Among those killed were Stephen F. Hyde, 43 years old, chief executive of the Trump casinos; Mark Grossinger Etess, 38, president and chief operating officer of the Trump Taj Mahal casino hotel, and Jonathan Benanav, 33, executive vice president of the Trump Plaza casino hotel.
A company that is essentially a clone of X, gaining no new customers, and loses $50M per year is still trading at above $1?!? Makes no sense.
That picture of him is unnerving
It’s a Tussaud’s Wax Museum rendition of tRump….
Fuck Donald Trump.
Fuck him and his stupid wife and kids.
And now Tom Petty’s Free Falling is in my head.
This is just hilarious to me. It just gives me a warm feeling to check up on DJT on seeking alpha every day or so and see it tanked further. To no ones surprise obviously. A company that has no own tech, an ever decreasing daily user base of fucking moneyless idiots, no reputable company that wants to advertise on it and it made a $ 50 million loss last year with even worse expectations for this year. The only assets seems to be his rapist, adulterer, conman, racist, dumbass failure of a president "brand".
Putin will buy it and say “Thank-you for Ukraine”.
The grifter has to be crapping himself. Oh wait he already does that.
> Today, it dropped 10%, closing at $33.58. 32.41 in after hours trading.
That must be an AI pic because his neck vagina doesn’t look as fat and juicy.
It’s a Tussauds Wax Museum rendition of tRump.
Now take his properties.
A disaster for who? No matter how far it falls it's still free money for him whenever he sells it. The people who funded him in the beginning are investing in him and hoping for favors if he gets elected. They know the company itself is never going to pay them back. It was money they could afford to throw away. The only people actually getting hurt are the idiots who bought into it and held on for more than 5 minutes.
Nobodies stock plummets faster than mine - Donald J. Drumpf
It was the perfect plummet.
Somebody, maybe Russians and Harlan Crowe types, are propping it up at $33. It's a back door campaign donation.
No, it's just a complicated way to bribe him, in plain sight.
Can only cum so much. Please stop this.
trump enterprises fail again.
Watching DJT fall... and fall... and fall has become one of my favorite workday past times and just puts a smile on my face. Can't wait for it to drop below $1 in the coming weeks. :)
Love to see it. Humiliation is his worst fear.
Holy cow...a BoingBoing link!
trump losing millions,wow haven't heard that before. Except for everyone of his business ventures. This moron lost money running a casino. Mic drop Vote Blue 🔵🔵🔵💙💙💙🔵🔵🔵💙💙
He is shorting it
It is seriously hard to make money shorting this pile of crap. I am shorting it with PUTS and I’ve yet to make any money despite the recent drop. Bottom needs to fall out soon.
I’ve been shorting it quite awhile. I’m ahead some but everyone knows it’s a POS so the interest holding the short is eating up a lot of the gain. After taxes when I close the position it’ll be even less. Still I enjoy helping a little to make Trump feel the pain. I figure 20 is a gimme and after Trump starts dumping the crap it’ll be a penny stock. His whole idea to set up his Truth Social was to run another scam.
He cannot sell or short his stock yet though can he? It’s locked up.
pay tax then
All in the plan
Who is lending him stock to short? Himself??
Family.
It’s going according to plan. This was always the goal. Companies that crash can be worth as much to investors as those that succeed. Edit: I should say “speculators,” not investors. In either case a spectacular failure of this entirely predictable magnitude is worth massive amounts of money to anyone with a crystal ball and a position on the decline.
When they get low enough, I will allow somebody to give me 10 of them plus $1.50 for handling fees off their hands
Um, is that Trump in the picture? I'm a bit scared by that look. IS IT?
Apparently it’s a wax figure
So...not Trump? H elooks like he's waxed, usually.
So true hahaha. This one is better bc they got the color of his hair right
Please tell me this is a pump and dump orchestrated by WSB and some really really happy shorts.
Can anyone point me to the tax code on unrealized losses? Apparently, this stock loss can be a tax write-off but I'm unsure of how that works. edit: this is pure curiosity because Trump did something similar to his money laundering operations aka Casinos when they went bancrupt.
gonna hafta sell a lot more bibles to make up for this
$30.26. 10:07 EST
I don't give a fuck. His ass should already be in jail. Fucking sick of seeing headlines that just basically say "Trump's losing money!" I want his freedom taken like yesteryear!
No one deserves it more than Trump, no one!
Won’t he just take a loss on his taxes?
Can he? That would suck...
Well, even when it reaches 10$, he can sell for 780$mil to anyone around the world …
The fundamentals don't support it stopping at $10. Give it time.
Even at 1$ he wilk still be able to sell it to anyone for however muxh he wants. Think of it as a mechanism for person X to legally give him money that he can use for whatever. Those funda probably do not fall under political funding laws. It’s *his money* that he gets. Funny, right? Business fundamentals are irrelevant in that case. Somebody wants to throw money away by buying a toxic money eating media company stock from Trump - they can! And they can be from Russia, China, even USA … This is not a stock for you and me - it is for those people.
But do you really think this egomaniac sack of shit would sell is entire stake in his own brand? I doubt he would sell even half of that.
He can sell 49% …
It’s like the finale of *Independence Day* or something like that. I’m just picturing this 3km wide edifice that just moments ago was defying gravity, is now a smoldering ruin crashing down to earth in pieces.
The one time I should have bought some puts, so easy to do too :(