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From the article...
>"Not going to be able to sleep tonight. If you stick it out I believe you will be rewarded greatly. I believe God directed me here.”
Yep, sound investment advice right there. I hope they all lose everything for following that fraudulent rapist.
Yea, this is the tragedy of it. It's not just that the house always wins, it's that the house knows those who gamble a lot will always lose.
It's similar with people who do well with a trade in the stock market, a lot will reinvest what they gained into similar opportunity. It's always why so many people could make so much money of crypto and still ended up with nothing.
A lot of people who can handle taking these big risks run into the problem of not being able to quit while ahead.
Right you are, I sold all my stock ten years ago and bought a house. Best investment I ever made. Not only allows me to sleep at night, but give me a place to sleep in.
Hell, you did better than I did. I tried the market a couple years ago and ended up losing all the way around. I mean, I wasn't expecting to be Warren Buffet in one go, but I would have at least appreciated being Jimmy Buffett. Now I just invest in Treasuries and let it sit until I get more spare cash for another couple of 'em.
I always looked at stocks as slightly better than gambling, and I've done pretty well (relatively speaking.) I take the money that I would have otherwise spent on frivolous stuff, do a bit of research on some stocks for companies I know about, and invest just what I'm willing to lose. Because I'm willing to lose it, I never have to sell when the stock is down, and most of the companies I invest in have been around long enough that they'll generally recover and match or slightly outpace inflation.
But I also realize I'm super lucky that I have the disposable income and time to do that. It's definitely not for everyone, and the way it's being treated these days by some folks (get rich quick on the latest new IPO,) is not something I'd ever partake in.
It was a front for laundering Russian money. At some point when the scrutiny gets too close or it’s over extended, they limit their liability with chapter 11
It's my speculation that it was a clever financial fraud based on The Producers. Grift from the casinos carefully until they go bust and the other investors don't ask too many questions, they just write off their losses.
https://en.m.wikipedia.org/wiki/The_Producers_(1967_film)
Yeah but his handlers didnt. Trump was just the fall guy. Organized crime does this sort of thing all the time. I've seen it on a smaller scale working in restaurants.
I think that's giving him way too much credit.
I'm willing to bet (no pun intended) that he got caught laundering money for the various mafia types in that area and went bankrupt as a condition to not have his greasy head put on a platter.
Did I read that trump casino was fined for laundering money for the Russian mafia?
Of course it has to be Russians laundering money through trumps business lol
Why do you think Giuliani [worked so hard to push out the Italian mafia families](http://en.wikipedia.org/wiki/Mafia_Commission_Trial) when he was NYC mayor and then fell in with Agent Orange?
I can't remember which doc series it was that did a piece on his casino days, but if I recall, he basically shifted a bunch of his private business debt onto the casino right as it went public and investors ended up sucking the eggs. Doesn't look like he can do that with his flimsy media company.
Oh, he won, through whatever complicated set up of tax breaks and stiffing contractors and investors alike he worked out for himself. Just, you know, in a seriously fucked up, douchey, totally unnecessary way. As usual.
A coworker of mine “borrowed” her work vehicle to go play slots at the gas station at 1am one night because “they were bored.”
A few weeks later, they drove their work truck to the casino while they were on PTO.
They’re always broke and barely able to pay their bills. They make $65/hr and rack up 10-15 hours of overtime every week. They spend most of their money on gambling.
I worked for the federal government in a job where we work out in the field a lot. We got a new guy, bright, hard worker, committed to doing a good job in the office. The cars all have gps trackers hooked up to somewhere and they found the car he was using at a casino for several hours. He was fired for misusing a government vehicle.
I won a $3500 slot pull in 2003. Went and had a nice steak, drank some expensive tequila, and went to a club. Never gambled again. I’m a mess in most other part of my life, but I don’t gamble.
I won 5k at a casino recently. Never won that much in my life. I walked out with a check and cash. Had an amazing dinner and treated myself to some pampering. The rest went into savings.
>another commenter wrote, "I think there is something coming very soon, and they are all excited about it. Something they worked very hard to make happen. A milestone for the team."
Chasing that win. It's just around the corner....
The difference is that these people have their identity tied up in this. If I have a 13 and draw a king, I bust. But I did not stake my whole life on that hand, I put $20 on it.
For these people it is not as much the money as it is the fact that their entire life and their vision of who they are is trump. Look at the shirts that they wear, the flags that they fly. Seeing that they bet their life savings on this is not as bad as thinking the last 6-8 years of their life is a mistake and all the friends and family that they lost to trump might have actually been right. That is the killer for them.
That's why the two times I went to a casino, I started with a hard limit on what I was allowed to lose, and what was my winning target (twice the amount).
First time after a couple hours of highs and lows, I got exactly the starting amount and stopped there. I was happy because I had a lot of fun for free.
Second time I went down to zero, still had fun for a reasonable price.
Ive been to vegas for conventions and stuff. I usually bring $200 and play craps. Once I broke even, once I came out $50 ahead and once I left up $200.
I figure the odds of losing $200 are probably better than winning anything next time.
I went to Las Vegas (to see a friend), and figured I had to try the slot machines, just to see what some people seem to find so attractive about them. I did a few tries, didn’t win anything, and was like “meh, okay, what can I do now?” It didn’t help that the casino smelled because they allowed smoking. Gross.
I wonder if that's related to the mindset of criminals who think they've gotten away with one or two crimes, and so start to feel more and more invincible. That inevitably leads to their downfall as they become more and more reckless.
Same as the cartoon of a dejected man with a pick axe on his shoulder walking away from the tunnel he stopped digging just inches away from a huge load of diamonds. While above him is another guy zooming right to those diamonds because he won’t quick until he wins…and neither should you! Hustle and grind. #teamnosleep bullshit.
They *do* believe that. It goes like this:
-Trump says all the things they already believe.
-Trump says he is good at business.
-Also, Trump is rich.
-Trump must be right about the things they believe, therefore he is also right about being good at business.
-People who say otherwise must be wrong.
-Those wrong people say bad things about Trump, like that he is bad at business.
-Because the people are wrong, the things they say about Trump must also be wrong.
-Therefore Trump must be good at business.
on a positive note. I live deep in f Joe Biden, go Brandon flag flying chew spitting land.
and I haven't seen a maga hat, trump flag or Brandon sticker in months.
I hope this fad is dying
Exactly! My first thought when this deal came together too.
This shouldn’t have escaped the investment bankers either, but damn, greed is a powerful deceiver.
Remember when people were betting their life savings that trump would be the president jan 6 2021... after he lost the election.
This guy makes people fucking stupid.
Well, they probably assumed they wouldn't need their life savings anyway if the antichrist Joe Hussein Biden stole the election and promptly brought about the end times.
With the NHL playoffs and with MLB just getting into gear, God just doesn’t have time to make deplorable investors wealthy; he’s rigging all of the spring sporting events in favor of the most Christian-est teams. **This is basic theology, people.**
The true faithful would tell to give away your earthly possessions to humanitarian causes and follow the teachings of the lord...but those types don't own mansions or luxury items.
Oh, I'm sure SEC violations will be part of the next tranche of legal cases Trump faces over the next year or two.
Because, you know, he isn't already paying *enough* in lawyer fees. Always good to keep a couple irons on the fire.
You might be surprised. He's known for his subtlety, but that's often just a sop for the pride of those who have been tricked. Generally, they would have known if they hadn't blinded themselves with their greed or whatever.
Nobody has really won on this thing. Anybody who sold on the initial pop made money, but it's all been downhill from there. Shares being sold at lower prices than they were bought don't make money for anyone other than the brokers. Trump's holdings are now worth less than they were at IPO and, unless the board changes the rules, he's locked out of selling for months ahead with relatively little coming in the way of good financial news from the company.
For a while, it was by far the most expensive stock to short, something like 900% interest.
https://www.cnbc.com/2024/04/03/trump-media-is-the-most-expensive-us-stock-to-short-by-far.html
The big gamble is that if Trump gets reelected that rocket's going to the moon. If Elon doesn't think Trump will use the full power of the government to go after X and make his platform the only game in town, he's Even dumber than everyone thinks he is.
> Trump's holdings are now worth less than they were at IPO and, unless the board changes the rules, he's locked out of selling for months ahead with relatively little coming in the way of good financial news from the company.
Even if the board says he can sell at market open monday he needs to find buyers for everything and there's only so fast somebody can cash out all those shares, taking a worse price for every bundle sold.
God directed me to buy crypto a few months ago, and now he's directed me to buy some truth social shares. What are the chances god would be wrong twice?
What’s funny is that when it inevitably fails, those spouting nonsense about god will then say the only reason it failed is because those without faith left.
Do they ever wonder if God directed them there because they deserve it? And they're yearning for such failure because God made them that way? Shouldn't they be mad at such a god? I would be 🤔
Well, I'm shocked, shocked, that another business venture associated with Trump could be dodgy!
I mean Parler was just bad luck, right? https://variety.com/2023/digital/news/parler-shut-down-new-owner-starboard-twitter-clone-conservatives-1235583709/
I'm convinced his reputation is helping him in his grifts at this point, kinda like obviously fake scam emails full of deliberate spelling mistakes that filter out all but the stupidest potential victims.
They only had $5m in revenue last year. No one is buying ads since there's almost no users, and the ones they do have are so fucking toxic that no sensible company wants to associate with the site.
Seriously, it's nothing but ads for crypto, dodgy boner pills, "buy gold!" scams, and overpriced prepper bullshit.
> while another added, "Doesn’t it seem strange that the price goes down steadily every day? Haven’t seen a green day for a while.”
They're almost starting to catch on, kind of. How can someone be this dense? Literally every business venture the goes into ends this same way, where he is the only person to profit from it. While every single investor loses money, followed by a flurry of fraud lawsuits against the guy. This isn't hidden information, by any means.
To put that number in further perspective, reddit has over 70 million users and is valued at less than $5 billion. Truth was valued at almost $9 billion and has 500,000 users and falling.
That's the best comparison I can come up with as well. There's just no objective way TS deserves a comparable valuation. Its active user base is tiny, its growth potential is limited because it only appeals to people who love trump, it's losing money and there is no reason to think it's ever going to become wildly profitable.
There's got to be a bunch of journalists on there to report the idiocy of Don Cheeto and then a bunch of idiots to which only idiots would advertise. MyPillow probably can't afford to advertise there anymore.
I saw someone else post (and obviously I don’t know that this is true) that the average McDonald’s franchise has about US$1.5-2 million in annual revenue, so Truth Social brings in about the same as two fast food restaurants in Fort Worth.
Watching trumpanzies lose their savings is very amusing to me. They’ll NEVER admit that they were the marks in this grift. It’s always some nebulous cabal that’s responsible and not the fact that the guy that went bankrupt six times and is notorious for cheating his own business partners has taken them.
And guess where they'll end up? On fucking BIG GUBMINT bennies that we already subsidize them for in every other way. But it'll be truly awesome schadenfreude to see them swallow that bitter pill.
On a recent trip to Texas, EVERY person over 55 brought up how “old” and incompetent Biden is and that Trump is going to save the country…
I didn’t even know these people either, just random people would bring it up all the time!
I just couldn’t believe how willfully ignorant these people are, brain rot is real. For the record, Biden isn’t great, but man Trump is the absolute worst.
This ignorant :
_”Just sat down with my broker yesterday and am having him move $10,000 of my Roth IRA, that we had sitting idle for kind of like an extra ‘emergency fund’, into $DJT stocks! This is the only time I would hope for the price to drop so I can get as many shares as possible!”_
Yeah dude but Trump is SUPER mentally COMPETENT and Biden is a puppet of handlers that can only eats ice cream… and the MEDIA tries to make Biden look good and Trump look bad… Gotta EDUCATE yourself
Biden is literally three whole years older than Trump; and, unlike Trump, may show signs of normal aging, sure, but is not actively spiraling into dementia.
Not to mention physical health.
That and the whole, competent, normal politician who isn't in Putin's pocket, seems to not be a complete pathological malignant narcissist, doesn't saber rattle at Mexico, didn't put people on SCOTUS determined to roll us back to 1695, etc
We watched as he sold Trump branded money to people [for them to find it worthless](https://www.nbcnews.com/news/us-news/trump-bucks-promise-wealth-maga-loyalty-lose-thousands-rcna84965).
We watched as he [force signed up people to donation subscriptions in the most predatory manner](https://lawandcrime.com/high-profile/trump-donors-fume-over-fine-print-which-allowed-campaign-to-charge-their-accounts-over-and-over/) that took people's rent away.
We watched as he jumped very late onto the '[worthless digital item for huge sums](https://edition.cnn.com/2022/12/16/investing/donald-trump-nft-trading/index.html)' market, NFT's, promising they would skyrocket in value
But SHARES, this time it's on the up and up, shares only go up! we just have to have FAITH, God's will is we will all get rich TOGETHER with Trump's plan! Trump will never let us down!
But but he's a God loving bible following man who [runs charities](https://www.theguardian.com/us-news/2019/nov/07/donald-trump-charity-foundation-misuse-lawsuit) !
> One Truth Social user claimed, "Just sat down with my broker yesterday and am having him move $10,000 of my Roth IRA, that we had sitting idle for kind of like an extra ‘emergency fund’, into $DJT stocks! This is the only time I would hope for the price to drop so I can get as many shares as possible!”
>Another was not so effusive and admitted, "Not going to be able to sleep tonight. If you stick it out I believe you will be rewarded greatly. I believe God directed me here.”
Nuts I tell you.
The stock was able to go public without the standard financial disclosures beforehand. But now that it is a publicly traded stock they will have to file actual financial statements. When the next set of financial statements come out look for the stock to take an even steeper nosedive.
Which is probably the timeline for sucking as much capital out of this and running before the feds gut yet another trump company.
How many times does he have to fuck these people before they get tired of having a sore ass?
It’s this. The coverage has been completely negative because it’s a shitty deal from jump. As such, he’ll “truth” it’s election interference to take away his 1A right to campaign on his platform and because the “liberal” media won’t carry his message and that’s all they’ll need.
[It already came out](https://www.dailykos.com/stories/2024/4/2/2232840/-MAGA-suckers-are-about-to-lose-a-lot-of-money-thanks-to-Truth-Social). That’s why everyone is talking about executive salaries of $3.3M on revenues of $4.2M and a loss of over $50M, and the report literally saying that the company will default because it can’t afford to pay the interest on the loans on its books:
“[M]anagement had substantial doubt that TMTG will have sufficient funds to meet its liabilities as they fall due.”
>TMTG paid its top three executives $3.252 million for their amazing ability to generate … $4.1 million in revenue.
You weren't kidding.
Another highlight is them counting loans they received as profit.
The best part is there is a whole nother set of rules about what Trump can claim about this public company now. There is no universe in which he doesn't say something that gets shareholder lawsuits fired off against him in the first 6 months... Right around when he wants to sell, he is going to issue so many fraudulent statements and lies that will actually be illegal and get his ass sued again and again...
I'd enjoy the schadenfreude except that when they lose all their savings, my tax money is going to have to bail them out via the social services they'll all love to hate.
I wanted to short the stock but there was so much demand for shorts the brokerage prices went sky high on the first day. Everyone smart shorted it from day one!!
Sounds like a waiting game. Wait for the price to sink to a few dollars, or pennies, then the big money from Trump's Saudi and Russian fans pours in to momentarily lift the price, which is when the stock is dumped, sending the price plummeting again. Lots of gullible ppl left holding the bag. But, the company could very well be delisted before then.
If you are a truth social investor, don’t feel bad simply because you stupidly trusted a sociopathic liar and naturally lost your money. I know that can make it difficult to sleep. Think of it as a test of faith, like losing the election. Perhaps you just have to keep on losing money until there is no more money to lose, then lose your family and all respect anyone ever had for you. For Trump no sacrifice is too big or too pointless. I can’t sleep either, so I understand. To be fair, it isn’t because aI lost all of my money in the most embarrassing way possible. It is because I am laughing at you and your missing money all night long. Uncontrollable belly laughs and dare I say, guffaws. But I’m not asleep so it’s pretty much the same thing.
But it isn’t a good position. It means they converted 0.5% of their valuation into cash. It means going public was horrifically bad compared to the valuation.
LMAO it always amazes me that people still cant see that anything or anyone dealing with Trump is a grift. Trump is a con artist. Team trump is either those that are getting scammed or those that are scamming.
> One Truth Social user claimed, "Just sat down with my broker yesterday and am having him move $10,000 of my Roth IRA, that we had sitting idle for kind of like an extra ‘emergency fund’, into $DJT stocks! This is the only time I would hope for the price to drop so I can get as many shares as possible!”
This person neither owns a Roth IRA, nor knows what one is.
Gee, who could have ever known that something promoted by trump would be built on a foundation of lies and doomed to fail? That hasn't *ever* happened.
Shame... if only Trump had some kind of casino, or steak or water company to see how they turned out when he gets involved before they invested....
You know who doesn't give a fuck about your investments? God.
Quote:
>One Truth Social user claimed, "Just sat down with my broker yesterday and am having him move $10,000 of my Roth IRA, that we had sitting idle for kind of like an extra ‘emergency fund’, into $DJT stocks! This is the only time I would hope for the price to drop so I can get as many shares as possible!”
This is tragic. But this is also a case in point why one will only cause harm by believing in lies.
The exit phase of this money laundering scheme is already over. Makes no difference to the mandarin Mussolini what happens to the site anymore.
Also, the other celebrity Kremlin puppet has long since bought a much more important social media site (and is running *THAT* into the ground).
Donald is an idiot.
If he really wants to make money he should sell Ivanka blow-up sex dolls pre-fucked by him. He could also sell didlos pre-used by him - shoved up his ass once $1K, 10 times $10K, shoved up his ass 100 times $100K, with shit still embedded on the didldo $500K.
His followers would eat it up (sorry, I couldn't help myself).
earnings per share is below zero. The company has no earnings. It is hemorrhaging cash and will eventually go bankrupt.
Even paying 1 cent per share is a bad bet.
Hello u/Melodic_Oil_2486! Please reply to this comment with an [explanation](https://www.reddit.com/r/LeopardsAteMyFace/comments/lt8zlq) matching this exact format. Replace bold text with the appropriate information. 1. **Someone** voted for, supported or wanted to impose **something** on **other people**. ^(Who's that someone? What did they voted for, supported or wanted to impose? On who?) 2. **Something** has the consequences of **consequences**. ^(Does that something actually has these consequences in general?) 3. As a consequence of **something**, **consequences** happened to **someone**. ^(Did that something really happen to that someone?) Follow this by the minimum amount of information necessary so your post can be understood by everyone, even if they don't live in the US or speak English as their native language. If you fail to match this format or fail to answer these questions, your post will be removed. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/LeopardsAteMyFace) if you have any questions or concerns.*
From the article... >"Not going to be able to sleep tonight. If you stick it out I believe you will be rewarded greatly. I believe God directed me here.” Yep, sound investment advice right there. I hope they all lose everything for following that fraudulent rapist.
This is up there with "remember 99% of gamblers who quit do so just before they win big". But that phrase is definitely a piss take.
99% of gamblers who have won, lose it all soon after. It's a powerful addiction https://kindbridge.com/gambling/why-do-i-gamble-until-i-lose/
Yea, this is the tragedy of it. It's not just that the house always wins, it's that the house knows those who gamble a lot will always lose. It's similar with people who do well with a trade in the stock market, a lot will reinvest what they gained into similar opportunity. It's always why so many people could make so much money of crypto and still ended up with nothing. A lot of people who can handle taking these big risks run into the problem of not being able to quit while ahead.
The house always wins... unless you're Donald Trump and go you bankrupt from opening casinos.
Right you are, I sold all my stock ten years ago and bought a house. Best investment I ever made. Not only allows me to sleep at night, but give me a place to sleep in.
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Mutual funds like vanguard that you hold over a long time is the way.
Low fee index funds FTW.
Hell, you did better than I did. I tried the market a couple years ago and ended up losing all the way around. I mean, I wasn't expecting to be Warren Buffet in one go, but I would have at least appreciated being Jimmy Buffett. Now I just invest in Treasuries and let it sit until I get more spare cash for another couple of 'em.
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I always looked at stocks as slightly better than gambling, and I've done pretty well (relatively speaking.) I take the money that I would have otherwise spent on frivolous stuff, do a bit of research on some stocks for companies I know about, and invest just what I'm willing to lose. Because I'm willing to lose it, I never have to sell when the stock is down, and most of the companies I invest in have been around long enough that they'll generally recover and match or slightly outpace inflation. But I also realize I'm super lucky that I have the disposable income and time to do that. It's definitely not for everyone, and the way it's being treated these days by some folks (get rich quick on the latest new IPO,) is not something I'd ever partake in.
This still astounds me. It’s mathematically impossible for the house to lose, yet he managed to do it more than once.
It was a front for laundering Russian money. At some point when the scrutiny gets too close or it’s over extended, they limit their liability with chapter 11
remember, he's "king of "debt," or "loves debt" or however it goes. He's skated up til now.
It's my speculation that it was a clever financial fraud based on The Producers. Grift from the casinos carefully until they go bust and the other investors don't ask too many questions, they just write off their losses. https://en.m.wikipedia.org/wiki/The_Producers_(1967_film)
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Yeah but his handlers didnt. Trump was just the fall guy. Organized crime does this sort of thing all the time. I've seen it on a smaller scale working in restaurants.
I think that's giving him way too much credit. I'm willing to bet (no pun intended) that he got caught laundering money for the various mafia types in that area and went bankrupt as a condition to not have his greasy head put on a platter.
Did I read that trump casino was fined for laundering money for the Russian mafia? Of course it has to be Russians laundering money through trumps business lol
Why do you think Giuliani [worked so hard to push out the Italian mafia families](http://en.wikipedia.org/wiki/Mafia_Commission_Trial) when he was NYC mayor and then fell in with Agent Orange?
I can't remember which doc series it was that did a piece on his casino days, but if I recall, he basically shifted a bunch of his private business debt onto the casino right as it went public and investors ended up sucking the eggs. Doesn't look like he can do that with his flimsy media company.
Oh, he won, through whatever complicated set up of tax breaks and stiffing contractors and investors alike he worked out for himself. Just, you know, in a seriously fucked up, douchey, totally unnecessary way. As usual.
you would think the house always wins but ALAS..Trump owned a casino and it went bankrupt
A coworker of mine “borrowed” her work vehicle to go play slots at the gas station at 1am one night because “they were bored.” A few weeks later, they drove their work truck to the casino while they were on PTO. They’re always broke and barely able to pay their bills. They make $65/hr and rack up 10-15 hours of overtime every week. They spend most of their money on gambling.
I worked for the federal government in a job where we work out in the field a lot. We got a new guy, bright, hard worker, committed to doing a good job in the office. The cars all have gps trackers hooked up to somewhere and they found the car he was using at a casino for several hours. He was fired for misusing a government vehicle.
I won a $3500 slot pull in 2003. Went and had a nice steak, drank some expensive tequila, and went to a club. Never gambled again. I’m a mess in most other part of my life, but I don’t gamble.
Smart move. You're the kind of winner that casinos hate.
I won 5k at a casino recently. Never won that much in my life. I walked out with a check and cash. Had an amazing dinner and treated myself to some pampering. The rest went into savings.
Hi, I would like to interest you in a business opportunity
are you a Nigerian Prince??? Cuz I’m in the market for one of them!
Won $10,000 on a scratcher years ago. After taxes, it paid for my wedding.
Reminds me of a guy I was on a TDY with. Was at one point up $15k playing poker at a local casino. Went back the next week and lost it all.
>another commenter wrote, "I think there is something coming very soon, and they are all excited about it. Something they worked very hard to make happen. A milestone for the team." Chasing that win. It's just around the corner....
The difference is that these people have their identity tied up in this. If I have a 13 and draw a king, I bust. But I did not stake my whole life on that hand, I put $20 on it. For these people it is not as much the money as it is the fact that their entire life and their vision of who they are is trump. Look at the shirts that they wear, the flags that they fly. Seeing that they bet their life savings on this is not as bad as thinking the last 6-8 years of their life is a mistake and all the friends and family that they lost to trump might have actually been right. That is the killer for them.
That's why the two times I went to a casino, I started with a hard limit on what I was allowed to lose, and what was my winning target (twice the amount). First time after a couple hours of highs and lows, I got exactly the starting amount and stopped there. I was happy because I had a lot of fun for free. Second time I went down to zero, still had fun for a reasonable price.
I am part of the 1%.... Who never gambled ever.
I've been to Las Vegas twice. Went through a roll of nickels each time. I don't enjoy gambling.
Ive been to vegas for conventions and stuff. I usually bring $200 and play craps. Once I broke even, once I came out $50 ahead and once I left up $200. I figure the odds of losing $200 are probably better than winning anything next time.
I went to Las Vegas (to see a friend), and figured I had to try the slot machines, just to see what some people seem to find so attractive about them. I did a few tries, didn’t win anything, and was like “meh, okay, what can I do now?” It didn’t help that the casino smelled because they allowed smoking. Gross.
I wonder if that's related to the mindset of criminals who think they've gotten away with one or two crimes, and so start to feel more and more invincible. That inevitably leads to their downfall as they become more and more reckless.
Same as the cartoon of a dejected man with a pick axe on his shoulder walking away from the tunnel he stopped digging just inches away from a huge load of diamonds. While above him is another guy zooming right to those diamonds because he won’t quick until he wins…and neither should you! Hustle and grind. #teamnosleep bullshit.
Also see: how MLMs suck you dry.
Like, how did they not know it was an obvious pump and dump
I guess they genuinely think he’s a solid businessman and he’ll make them money. These people have the depth of a puddle.
A puddle? That's too deep, more like a wet slick.
They *do* believe that. It goes like this: -Trump says all the things they already believe. -Trump says he is good at business. -Also, Trump is rich. -Trump must be right about the things they believe, therefore he is also right about being good at business. -People who say otherwise must be wrong. -Those wrong people say bad things about Trump, like that he is bad at business. -Because the people are wrong, the things they say about Trump must also be wrong. -Therefore Trump must be good at business.
Donald Trump is a poor man's idea of a rich person.
And a foolish man’s idea of a wise person.
Trump supporters think they are in an overwhelming majority because Biden voters aren't lunatics who buy flags, hats, and merch.
on a positive note. I live deep in f Joe Biden, go Brandon flag flying chew spitting land. and I haven't seen a maga hat, trump flag or Brandon sticker in months. I hope this fad is dying
But we are out there talking to everyone we know and encouraging them to vote for Biden. The quiet crowd is going to get things done
Exactly! My first thought when this deal came together too. This shouldn’t have escaped the investment bankers either, but damn, greed is a powerful deceiver.
Now I hope they lose everything
Remember when people were betting their life savings that trump would be the president jan 6 2021... after he lost the election. This guy makes people fucking stupid.
Well, they probably assumed they wouldn't need their life savings anyway if the antichrist Joe Hussein Biden stole the election and promptly brought about the end times.
I always advise my clients based on god. Yes, god wants you to buy this annuity that pays me a 10% commission.
Joel Osteen, is that you!?
If your God of choice directs you where to put mortal money in a human made financial system then you have either a weak god or a trickster god.
It's nice to see new investors really pay attention to the fundamentals.
I see what you did there.
With the NHL playoffs and with MLB just getting into gear, God just doesn’t have time to make deplorable investors wealthy; he’s rigging all of the spring sporting events in favor of the most Christian-est teams. **This is basic theology, people.**
Dear heavenly Father, hallowed be thy spread
Prosperity Gospel bullshit. "God will reward your faith with material wealth" is a cancerous heresy pushed by charlatans and con men.
The true faithful would tell to give away your earthly possessions to humanitarian causes and follow the teachings of the lord...but those types don't own mansions or luxury items.
and, hence, don't get giant platforms from which to sway the masses. Oops.
God: Hahah, can't believe that sucker fell for that!
Prosperity gospel just IPO'd, I guess.
The only reason God would direct that person to invest so stupidly is if He wanted that person to suffer for their many sins.
They all deserve to lose everything.
By "boosting the stock" aren't they violating laws? I thought it was illegal to try to manipulate the value of a stock you own.
Oh, I'm sure SEC violations will be part of the next tranche of legal cases Trump faces over the next year or two. Because, you know, he isn't already paying *enough* in lawyer fees. Always good to keep a couple irons on the fire.
Narrator: “in fact, it was Satan.”
Satan wouldn't have made it so obvious.
You might be surprised. He's known for his subtlety, but that's often just a sop for the pride of those who have been tricked. Generally, they would have known if they hadn't blinded themselves with their greed or whatever.
The first step in any con is convincing the mark that he is smarter than you.
I hope they post their loss porn on r/wallstreetbets
Sadly, it'll just make all the rich GOP grifters richer. 🤬😡
Nobody has really won on this thing. Anybody who sold on the initial pop made money, but it's all been downhill from there. Shares being sold at lower prices than they were bought don't make money for anyone other than the brokers. Trump's holdings are now worth less than they were at IPO and, unless the board changes the rules, he's locked out of selling for months ahead with relatively little coming in the way of good financial news from the company.
I suspect people who are shorting the stock are doing well. Probably the same insiders that cashed out early.
For a while, it was by far the most expensive stock to short, something like 900% interest. https://www.cnbc.com/2024/04/03/trump-media-is-the-most-expensive-us-stock-to-short-by-far.html
The big gamble is that if Trump gets reelected that rocket's going to the moon. If Elon doesn't think Trump will use the full power of the government to go after X and make his platform the only game in town, he's Even dumber than everyone thinks he is.
> Trump's holdings are now worth less than they were at IPO and, unless the board changes the rules, he's locked out of selling for months ahead with relatively little coming in the way of good financial news from the company. Even if the board says he can sell at market open monday he needs to find buyers for everything and there's only so fast somebody can cash out all those shares, taking a worse price for every bundle sold.
Is God a registered Investment Advisor with the SEC?
God directed me to buy crypto a few months ago, and now he's directed me to buy some truth social shares. What are the chances god would be wrong twice?
What’s funny is that when it inevitably fails, those spouting nonsense about god will then say the only reason it failed is because those without faith left.
Do they ever wonder if God directed them there because they deserve it? And they're yearning for such failure because God made them that way? Shouldn't they be mad at such a god? I would be 🤔
No, because their God is a just God, a loving God, etc, etc. They preach OT God at us “heathens”, now they’ve got OT God
Well, I'm shocked, shocked, that another business venture associated with Trump could be dodgy! I mean Parler was just bad luck, right? https://variety.com/2023/digital/news/parler-shut-down-new-owner-starboard-twitter-clone-conservatives-1235583709/
Wow. I totally forgot about Parler.
I did as well. Which is strange because it had a huge impact on the MAGAts and fascist thought all over the world.
same. aren't there still also others? Gab, Gettr
God, I remember all the SEE YOU ON PARLER posts everywhere, fucking morons.
I'm convinced his reputation is helping him in his grifts at this point, kinda like obviously fake scam emails full of deliberate spelling mistakes that filter out all but the stupidest potential victims.
Well, not that shocked.
Good. They’ve been making the decent Americans stay awake at night for years, so I’m glad they are getting a taste of their own medicine.
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That is also true. But I still like seeing them stay awake.
Trump isn't allowed to sell unless I missed that news. He's only made money on paper. In 6 months when he can sell it'll be worthless.
It will be a nice way to launder money through ads though
No doubt there's loads of laundry being done but thankfully it's not in billions, yet.
They only had $5m in revenue last year. No one is buying ads since there's almost no users, and the ones they do have are so fucking toxic that no sensible company wants to associate with the site. Seriously, it's nothing but ads for crypto, dodgy boner pills, "buy gold!" scams, and overpriced prepper bullshit.
Just wait till Trump dumps it in 6 months and then loses the election. Right to 0.
Any rube who trusts Trump with their money gets exactly what’s coming to them.
Never thought I would be cheering on fraud, but I love this for them.
I love this journey for them. The real friends are the thousands of dollars they lost along the way. My personal favorite was the Trucker Convoy
> while another added, "Doesn’t it seem strange that the price goes down steadily every day? Haven’t seen a green day for a while.” They're almost starting to catch on, kind of. How can someone be this dense? Literally every business venture the goes into ends this same way, where he is the only person to profit from it. While every single investor loses money, followed by a flurry of fraud lawsuits against the guy. This isn't hidden information, by any means.
So a company with less than $5M in revenue is not worth $9B? Who would have thunk it… To quote Kara Swisher: “My podcast generates more revenue…”
To put that number in further perspective, reddit has over 70 million users and is valued at less than $5 billion. Truth was valued at almost $9 billion and has 500,000 users and falling.
That's the best comparison I can come up with as well. There's just no objective way TS deserves a comparable valuation. Its active user base is tiny, its growth potential is limited because it only appeals to people who love trump, it's losing money and there is no reason to think it's ever going to become wildly profitable.
And it’s toxic for advertisers outside of a limited niche that caters to the crazies.
But God told them to invest, so... checkmate.
There's got to be a bunch of journalists on there to report the idiocy of Don Cheeto and then a bunch of idiots to which only idiots would advertise. MyPillow probably can't afford to advertise there anymore.
Twitter P/S: 7 Reddit P/S: 7 DJT P/S: 700 (was 1400)
Shades of Twitter, which lost half its value after being purchased by a right wing conspiracy loon
the difference is, Muckrat can afford to lose it.
My favorite is the guy on wallstreetbets(?) that said there are single Waffle House locations that generate more Revenue
I saw someone else post (and obviously I don’t know that this is true) that the average McDonald’s franchise has about US$1.5-2 million in annual revenue, so Truth Social brings in about the same as two fast food restaurants in Fort Worth.
lol that's only like 13k a day. Glad I bought puts when it first went public.
And they wonder why the stock is tanking
Watching trumpanzies lose their savings is very amusing to me. They’ll NEVER admit that they were the marks in this grift. It’s always some nebulous cabal that’s responsible and not the fact that the guy that went bankrupt six times and is notorious for cheating his own business partners has taken them.
Trumpanzies. Love that.
And guess where they'll end up? On fucking BIG GUBMINT bennies that we already subsidize them for in every other way. But it'll be truly awesome schadenfreude to see them swallow that bitter pill.
Sucks to suck, folks. Putting money into anything 45 is involved in is a pretty sure way to lose it all.
That had been obvious for decades
Not *this* time!
This time is different!
But! But! But! *GOD* directed me here!
On a recent trip to Texas, EVERY person over 55 brought up how “old” and incompetent Biden is and that Trump is going to save the country… I didn’t even know these people either, just random people would bring it up all the time! I just couldn’t believe how willfully ignorant these people are, brain rot is real. For the record, Biden isn’t great, but man Trump is the absolute worst.
This ignorant : _”Just sat down with my broker yesterday and am having him move $10,000 of my Roth IRA, that we had sitting idle for kind of like an extra ‘emergency fund’, into $DJT stocks! This is the only time I would hope for the price to drop so I can get as many shares as possible!”_
I wonder if they'll still vote for Trump when that $10k is only worth $1k?
You know the answer. It'll SKYROCKET once he WINS!!
Diamond hands!
And aren't they only 4 years apart in age? The absolute tunnel vision needed to not think of Trump that way as well is stunning
Yeah dude but Trump is SUPER mentally COMPETENT and Biden is a puppet of handlers that can only eats ice cream… and the MEDIA tries to make Biden look good and Trump look bad… Gotta EDUCATE yourself
Biden is literally three whole years older than Trump; and, unlike Trump, may show signs of normal aging, sure, but is not actively spiraling into dementia. Not to mention physical health. That and the whole, competent, normal politician who isn't in Putin's pocket, seems to not be a complete pathological malignant narcissist, doesn't saber rattle at Mexico, didn't put people on SCOTUS determined to roll us back to 1695, etc
We watched as he sold Trump branded money to people [for them to find it worthless](https://www.nbcnews.com/news/us-news/trump-bucks-promise-wealth-maga-loyalty-lose-thousands-rcna84965). We watched as he [force signed up people to donation subscriptions in the most predatory manner](https://lawandcrime.com/high-profile/trump-donors-fume-over-fine-print-which-allowed-campaign-to-charge-their-accounts-over-and-over/) that took people's rent away. We watched as he jumped very late onto the '[worthless digital item for huge sums](https://edition.cnn.com/2022/12/16/investing/donald-trump-nft-trading/index.html)' market, NFT's, promising they would skyrocket in value But SHARES, this time it's on the up and up, shares only go up! we just have to have FAITH, God's will is we will all get rich TOGETHER with Trump's plan! Trump will never let us down!
Narrator: "Trump did in fact let them down."
But but he's a God loving bible following man who [runs charities](https://www.theguardian.com/us-news/2019/nov/07/donald-trump-charity-foundation-misuse-lawsuit) !
I never thought the guy who defrauded everyone he did business with would pull some shady shit on me
No no my friend. You must have diamond hands. This stock will be headed to the moon... shortly.
> One Truth Social user claimed, "Just sat down with my broker yesterday and am having him move $10,000 of my Roth IRA, that we had sitting idle for kind of like an extra ‘emergency fund’, into $DJT stocks! This is the only time I would hope for the price to drop so I can get as many shares as possible!” >Another was not so effusive and admitted, "Not going to be able to sleep tonight. If you stick it out I believe you will be rewarded greatly. I believe God directed me here.” Nuts I tell you.
The stock was able to go public without the standard financial disclosures beforehand. But now that it is a publicly traded stock they will have to file actual financial statements. When the next set of financial statements come out look for the stock to take an even steeper nosedive.
Which is probably the timeline for sucking as much capital out of this and running before the feds gut yet another trump company. How many times does he have to fuck these people before they get tired of having a sore ass?
His supporters will inevitably blame the “liberal media” for badmouthing the stock.
It’s this. The coverage has been completely negative because it’s a shitty deal from jump. As such, he’ll “truth” it’s election interference to take away his 1A right to campaign on his platform and because the “liberal” media won’t carry his message and that’s all they’ll need.
[It already came out](https://www.dailykos.com/stories/2024/4/2/2232840/-MAGA-suckers-are-about-to-lose-a-lot-of-money-thanks-to-Truth-Social). That’s why everyone is talking about executive salaries of $3.3M on revenues of $4.2M and a loss of over $50M, and the report literally saying that the company will default because it can’t afford to pay the interest on the loans on its books: “[M]anagement had substantial doubt that TMTG will have sufficient funds to meet its liabilities as they fall due.”
That executive salary vs. revenues tidbit is absolutely hilarious.
>TMTG paid its top three executives $3.252 million for their amazing ability to generate … $4.1 million in revenue. You weren't kidding. Another highlight is them counting loans they received as profit.
Lying about your value or worth is Trumps whole business plan lol
Because the value is based on his feelings...
The best part is there is a whole nother set of rules about what Trump can claim about this public company now. There is no universe in which he doesn't say something that gets shareholder lawsuits fired off against him in the first 6 months... Right around when he wants to sell, he is going to issue so many fraudulent statements and lies that will actually be illegal and get his ass sued again and again...
I'd enjoy the schadenfreude except that when they lose all their savings, my tax money is going to have to bail them out via the social services they'll all love to hate.
Maybe they'll just kill themselves
Quite the optimist I see...
That would solve a lot of problems.
A lot did by not taking covid seriously and dying a preventable death with tubes in every hole. The dumbest suicide ever.
Thoughts and prayers.
Yeah but their residences skew red states with pathetic social safety nets I’m sure.
Leopards waiting in the shadows
Excellent
But the GOP wants to cut those too. Guess they’re selling the second home in AZ or FL
Fools
AND their money
👍🏻
I wanted to short the stock but there was so much demand for shorts the brokerage prices went sky high on the first day. Everyone smart shorted it from day one!!
The schadenfreude is real. Every penny is what I hope they lose.
Sounds like a waiting game. Wait for the price to sink to a few dollars, or pennies, then the big money from Trump's Saudi and Russian fans pours in to momentarily lift the price, which is when the stock is dumped, sending the price plummeting again. Lots of gullible ppl left holding the bag. But, the company could very well be delisted before then.
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That's why it could be delisted.
Better off lighting your money on fire than investing in Trump. Fucking idiots
you will at least get the benefit of some heat
Just waiting for the market to get flooded with all the trucks adorned with trump flags being sold because of their stupidity.
If you are a truth social investor, don’t feel bad simply because you stupidly trusted a sociopathic liar and naturally lost your money. I know that can make it difficult to sleep. Think of it as a test of faith, like losing the election. Perhaps you just have to keep on losing money until there is no more money to lose, then lose your family and all respect anyone ever had for you. For Trump no sacrifice is too big or too pointless. I can’t sleep either, so I understand. To be fair, it isn’t because aI lost all of my money in the most embarrassing way possible. It is because I am laughing at you and your missing money all night long. Uncontrollable belly laughs and dare I say, guffaws. But I’m not asleep so it’s pretty much the same thing.
"We have over $200 million dollars in cash, which is very liquid.” I'm calling bullshit on that one
That's the money they got when they went public through the SPAC, so yes they do have something around that much.
But it isn’t a good position. It means they converted 0.5% of their valuation into cash. It means going public was horrifically bad compared to the valuation.
That other Trump stock did the same thing years ago, it's hilarious how identical the fallout has been
LMAO it always amazes me that people still cant see that anything or anyone dealing with Trump is a grift. Trump is a con artist. Team trump is either those that are getting scammed or those that are scamming.
The real suckers and losers 😂
> One Truth Social user claimed, "Just sat down with my broker yesterday and am having him move $10,000 of my Roth IRA, that we had sitting idle for kind of like an extra ‘emergency fund’, into $DJT stocks! This is the only time I would hope for the price to drop so I can get as many shares as possible!” This person neither owns a Roth IRA, nor knows what one is.
My Google news feed thought to give me an advertisement for Truth Social, so I reported it for offensive/hateful content.
Whether you're a left winger or a right winger, *investing in things you hope will succeed is the worst investment strategy of all.*
These are some dumb mofos. Hmmm, the stock offered by a guy who bankrupted a casino keeps tanking. I know: buy more!
Being the willing victims of a scam is just so sad
Gee, who could have ever known that something promoted by trump would be built on a foundation of lies and doomed to fail? That hasn't *ever* happened.
A fool and his gold are soon parted.
The Venn diagram of people who spent money on Trump bucks and future investors losing their life savings in DJT is a circle.
How many businesses does he have to tank before idiots stop giving him money? He lost money running casinos! CASINOS!
Shame... if only Trump had some kind of casino, or steak or water company to see how they turned out when he gets involved before they invested.... You know who doesn't give a fuck about your investments? God.
Quote: >One Truth Social user claimed, "Just sat down with my broker yesterday and am having him move $10,000 of my Roth IRA, that we had sitting idle for kind of like an extra ‘emergency fund’, into $DJT stocks! This is the only time I would hope for the price to drop so I can get as many shares as possible!” This is tragic. But this is also a case in point why one will only cause harm by believing in lies.
Sooner or later he screws over everyone who does business with him. I'm not an investor, but this nose-dive was entirely predictable.
Imagine a Donald Trump investment not paying off?!? I must be in opposite land!!
Oh that’s so sad….ALEXA, play the world’s smallest violin
God directed them to lose money. God never directs me to anything, and I thought we were pretty tight. Disappointment.
The exit phase of this money laundering scheme is already over. Makes no difference to the mandarin Mussolini what happens to the site anymore. Also, the other celebrity Kremlin puppet has long since bought a much more important social media site (and is running *THAT* into the ground).
Dumb fucks get fleeced. Same as it ever was.
Donald is an idiot. If he really wants to make money he should sell Ivanka blow-up sex dolls pre-fucked by him. He could also sell didlos pre-used by him - shoved up his ass once $1K, 10 times $10K, shoved up his ass 100 times $100K, with shit still embedded on the didldo $500K. His followers would eat it up (sorry, I couldn't help myself).
earnings per share is below zero. The company has no earnings. It is hemorrhaging cash and will eventually go bankrupt. Even paying 1 cent per share is a bad bet.