General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsLet me Make this Pellucidly Clear
Truth Social will end up bankrupt just like every other Smelvis the SF Slobfather business.
That is all
Wounded Bear
(59,039 posts)Think. Again.
(10,045 posts)...figure out how to cheat on the capital gains taxes.
Wounded Bear
(59,039 posts)BeyondGeography
(39,435 posts)malthaussen
(17,307 posts)... after all, only a completely clueless idiot could lose money with a casino.
-- Mal
OLDMDDEM
(1,594 posts)Think. Again.
(10,045 posts)...will expose a paper trail of foreign actors who are manipulating the stock values just to launder cash to trump.
Rec
jaxexpat
(7,055 posts)do so, exposing it for the cause of righting wrongs now instead of after writing a book about it to enhance their retirement.
Prairie_Seagull
(3,384 posts)I tread carefully these day and I hope that statement doesn't piss anyone off. I mean if very positivly. My wife and 2 adult daughters have beaten most of the misogyny out of me and rightly so.
Further I hope you are right about false social.
malaise
(270,651 posts)After they piss you off enough, you have to respond in kind. I always call it as I see it
niyad
(114,927 posts)them, as well it should. How DARE we???
A small story about speaking out: I dislike our city council (regardless of how many elections, they still suck), have for many years, and frequently called (and emailed) to express my disaprobation. Before the switchboard was automated, there were actual, live human beings answering the phone. I happened to be chatting with a friend one day, as we were checking out her roses. Her next door neighbor came over to talk to her, and we were introduced. She looked at me for a minute, and then said, "I know your voice! I talk to you all the time!." She was one of the council staff. Cracked me up.
niyad
(114,927 posts)year is now, just a couple of years later, supposedly worth billions?? Did they strike oil?
malaise
(270,651 posts)like his entire life
niyad
(114,927 posts)malthaussen
(17,307 posts)As one of those university-educated geek/nerd suburban boys, it always got under my skin when the rural rednecks would brag about how they had all the "common sense" and didn't need that fancy book-larnin'. Now those selfsame chumps are taking out mortgages to pay for the most transparent grift since the Catholic Church. I don't know if that's karma or schadenfreude, but it's probably both.
-- Mal
niyad
(114,927 posts)to "common sense" is a puzzled, "but why is it called "common" , when it is so rare???"
They struck stupidity.
niyad
(114,927 posts)SunSeeker
(52,205 posts)That $3.5 billion figure is based on the current trading price of DWAC and the number of shares that Trump will own after the merger closes.
Some of DWAC's shareholders appear to be Trump followers, as one group on Truth Social includes more than 7,850 users who have been communicating about the stock and its prospects. That raises the possibility that DWAC's shares are currently getting a lift from Trump's supporters at a time when Trump is moving closer to securing the GOP nomination for president.
Trump Media booked $3.7 million in revenue in the first nine months of 2023 and "expects to incur significant losses into the foreseeable future," according to a regulatory filing. Unless it can rapidly boost its revenue or turn a profit, it could have difficulty maintaining its lofty valuation, experts said.
"Given the fact that their sales last year were less than $5 million, and they're losing significant money, it is hard to believe that the long-term economic value of this company could even be as high as $100 million," Kraemer said. "So talking about billions is absolutely ridiculous from an economic standpoint."
https://www.cbsnews.com/news/trump-media-dwac-merger-vote-3-5-billion-lock-up-cbs-news-explains/
niyad
(114,927 posts)SunSeeker
(52,205 posts)And right now Trump supporters are driving up the stock price of DWAC. It's insane.
Kinda like those inane "digital trading cards" Trump sold for $4.6 million. https://www.forbes.com/sites/brianbushard/2023/04/19/trumps-digital-trading-cards-sell-out-again-for-46-million-but-its-unclear-how-much-he-made/?sh=674473ac229b
Trumps superpower is getting racists to part with their cash.
niyad
(114,927 posts)the marks. . errrr. . rubes. . .uhhhhh. . .investors. . .are willing to pay fir it.
et tu
(1,119 posts)and help from msm~
Bo Zarts
(25,436 posts)and a little help from his nefarious foreign friends.
et tu
(1,119 posts)malthaussen
(17,307 posts)PJMcK
(22,166 posts)Trump fails at everything! None of his ventures succeed in the end. Truth Social was a stupid idea from the beginning. Did he really believe he could compete with Twitter?!
You got this one nailed, malaise.
Warpy
(111,794 posts)in an attempt to salvage some of his real estate empire like his money losing golf course/resorts.
As the stock gets dumped onto the market, its value will nosedive.
GreenWave
(7,253 posts)Just kidding,
llmart
(15,646 posts)Someday you need to write a book with the title "Let Me Make This Pellucidly Clear".
I'd buy it!
2naSalit
(87,752 posts)It's like he's the anti-Midas or something!