EmmetK Posted March 26 Posted March 26 Trump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest People Former president joins Bloomberg’s list of 500 richest people Trump Media merger adds billions of dollars to paper fortune By Tom Maloney March 25, 2024 at 4:52 PM EDT https://www.bloomberg.com/news/articles/2024-03-25/donald-trump-6-4-billion-net-worth-makes-him-one-of-world-s-richest-people "TMTG completed the merger Monday. The shares of the newly formed company will trade on the Nasdaq Tuesday under the new ticker symbol DJT. The transaction would provide a windfall to Trump, who owns more than 60 percent of TMTG. His share of the merged company, expected to be around a 58 percent stake, could be worth around $3 billion at recent market prices. Trump’s shares are subject to a six-month lock-up that would prevent him from selling shares or pledging them as collateral for loans, a standard provision in many initial public offerings and SPAC deals. The board, however, could waive the lock-up, to allow him to pledge his shares to support an appeal bond in the fraud judgment against him in New York. The successful merger and stock price landed the former president on Bloomberg’s list of the 500 richest people in the world, Bloomberg reported Monday. The media organization estimated Trump’s worth to be $6.4 billion." This huge multi-billion dollar windfall couldn't happen to a nicer or more deserving person. After all the persecution and attacks on him and his family, it's great to see something like this happen to them. It's sad that a crooked judicial system is being used against President Trump and his wonderful family. This will also ensure that DJT will have the best lawyers in the world, and be able to pay off all current and future biased jury awards. And he will still have a billion or two left over for the campaign. There are so many ways to build wealth in America. This kind of deal is an example. No one can turn lemons into lemonade better than Donald Trump. He will indeed Make America Great Again once he returns to the White House. ONLY TRUMP ! Trump 2024! forky123 1 Quote
Bingo T Dog Posted March 26 Posted March 26 Now the Trump family can afford the best nursing home for trump. https://www.msn.com/en-us/news/politics/maddow-blog-why-team-biden-slammed-trump-as-feeble-confused-and-tired/ar-BB1kyvoB?cvid=25500f27d7c0481a92a89d64395d41c0&ocid=winp2fptaskbarhover&ei=28&sc=shoreline Quote
EmmetK Posted March 26 Author Posted March 26 msn? lmfao ! Rachel Maddow? Hahaha Maybe Trump will now buy MSNBC! Stable Genius and forky123 2 Quote
Bingo T Dog Posted March 26 Posted March 26 You should go celebrate at his casinos in Atlantic City. Hahaha stevenkesslar and Stable Genius 1 1 Quote
Bingo T Dog Posted March 26 Posted March 26 Plump can buy all the J6 HOSTAGES mansions when they get out of jail. A little something for their servitude. Stable Genius 1 Quote
EmmetK Posted March 26 Author Posted March 26 No need. He'll pardon them. The topic of this thread is Donald Trump's 6.4 billion, and being in Bloomberg's Top 500 richest people in the world. If you want to post about other topics, start another thread. In case you forgot the topic of this thread, here is a reminder: Trump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest People Marc in Calif and forky123 1 1 Quote
Bingo T Dog Posted March 26 Posted March 26 1 hour ago, EmmetK said: No need. He'll pardon them. The topic of this thread is Donald Trump's 6.4 billion, and being in Bloomberg's Top 500 richest people in the world. If you want to post about other topics, start another thread. In case you forgot the topic of this thread, here is a reminder: Trump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest People I am just talking about how he will spend his new found wealth and how you might celebrate. Right on topic!!!!!!!!!! Quote
EmmetK Posted March 26 Author Posted March 26 Price of DWAC up 35% on Friday after NY Appeals Court reduced the amount Trump was required to front for his appeal from 455 million to 175 million. https://finance.yahoo.com/quote/DWAC/ Now, on the first trading day under the new stock sticker symbol of DJT, the stock is trading up over 40% so far. https://www.investing.com/equities/trump-media-and-technology-group Donald Trump owns 58% of the outstanding shares of DJT. Another few billion more for Trump! The old crones on the View and Joe and Mika must have needed multiple diaper changes over the last couple of days.... lol forky123 1 Quote
Members stevenkesslar Posted March 26 Members Posted March 26 How much of the money does Genocide Man get? And what strings were attached to Trump when Genocide Man's cronies bailed the almost bankrupt company out? How Russian Money Helped Save Trump’s Business After his financial disasters two decades ago, no U.S. bank would touch him. Then foreign money began flowing in. Russian Made Millions On Insider Trading Tied To Trump media Court filings accuse the Miami-based owner of a porn-friendly bank of insider trades in the SPAC merging with Truth Social's parent company. Quote According to The Guardian, in December 2021, two loans totaling $8 million (~$8.56 million in 2022) were paid to Trump Media from obscure Putin-connected entities as the company was "on the brink of collapse". Marc in Calif and Stable Genius 2 Quote
EmmetK Posted March 26 Author Posted March 26 13 minutes ago, stevenkesslar said: How much of the money does Genocide Man get? And what strings were attached to Trump when Genocide Man's cronies bailed the almost bankrupt company out? How Russian Money Helped Save Trump’s Business After his financial disasters two decades ago, no U.S. bank would touch him. Then foreign money began flowing in. Russian Made Millions On Insider Trading Tied To Trump media Court filings accuse the Miami-based owner of a porn-friendly bank of insider trades in the SPAC merging with Truth Social's parent company. Sounds like someone is better they missed out on a good thing.... lol. If you have to quote the Guardian you've definitely reached rock bottom. I bought a ton of DWAC (now DJT) stock. Tons of Trump-supporting, MAGA-loving, small investors bought (and are buying) the stock and reaping huuuge profits. Donald Trump does in his private business what he does for the country. He spreads the wealth. TRUMP 2024! Stable Genius, Bingo T Dog, stevenkesslar and 1 other 2 1 1 Quote
Members stevenkesslar Posted March 26 Members Posted March 26 1 minute ago, EmmetK said: Sounds like someone is better they missed out on a good thing.... lol. Nah. The country will be "better" when Lichtman turns out to be right, for the eleventh time in a row, and we send Donald J. Scam packing. But you are more than welcome to donate to him in his retirement. I'm sure he'll figure out a way to need your money. Somehow. I'm up about 150 % on SOXL and FNGU since last Fall. My nephew, who is nerdy smart, is now a millionaire thanks to the shares he bought in Fall 2022 and just kept buying. He's up like 500 %. So I'm fine. But thanks for your concern. Good luck on the investing. Most of my net worth is in real estate. For some strange reason, I don't go bankrupt. Or get near bankrupt again, and decide to "share the wealth" with genocidal Russian leaders with rich pals who bail me out, with strings always attached. I guess I'm just weird that way. I'd be careful, though. From 1996 to 2000 I organized two statewide coalitions in Oregon that stopped Enron from fucking up the state the way they did California. My job was to convince regulators and politicians it was a scam. We stopped Enron, completely, and won everything we wanted. So I know a little bit about scammers. You've just got to be careful out there, buddy. Of course, the whole thing with Enron was to make the corruption so complicated no one could understand it. DJT is not that smart. It's a meme stock. Not well put together, just like his crappy stuff made in China. And he knew if he could use Genocide Money to get it listed his cult would buy, buy, buy. It's a simple concept. Pyramid scheme sort of thing. Might not make a good long term investment. But enjoy the ride. Stable Genius and reader 1 1 Quote
Members stevenkesslar Posted March 26 Members Posted March 26 38 minutes ago, EmmetK said: Tons of Trump-supporting, MAGA-loving, small investors bought (and are buying) the stock and reaping huuuge profits. Btw, I do have one reason to be happy about this. And I know, as OP, you really are hoping to keep this thread narrowly focused on what a genius Trump is to use Genocide Money to build a company that he can then get his cult to buy overpriced shares of. I mean, the guy has a knack for that sort of thing, for sure. But there has been speculation by smart guys like Frank Luntz that if Leticia James starts seizing Trump Tower or his real estate since he can't pay up, that could create a backlash and sympathy for out poor little rich rapist and election denier. So if you wanna buy a speculative meme stock so Trump has money to pay Leticia James and E Jean Carroll and God knows who else in the future so his properties don't have to be seized, you are doing Democrats like me a service. Thank you, Sir. I deeply appreciate it. That said, this concern about backlash is probably a bit far fetched. In the Harvard/Harris polls you like to cite, when asked about the $454M bond, 54 % of voters - including 20 % of Republicans - say the size of the verdict is fair. That's more than the 51 % who say Trump is a threat to democracy. As I argued in another post, it's pretty clear that just like in 2016 and 2020 Trump is a hard NO for a little bit more than half the country. Even so, I wouldn't want people feeling sorry for out poor little rich rapist for having his assets seized. I mean, grabbing pussy is fine. But having assets seized is pretty cruel, when ya think about it. This is of course good news for E. Jean Carroll! If you want to give Trump the money to pay her, that's really swell of you. Trump is always the best when it comes to raping people, in all sorts of ways. Bingo T Dog 1 Quote
Bingo T Dog Posted March 26 Posted March 26 1 hour ago, EmmetK said: Sounds like someone is better they missed out on a good thing.... lol. If you have to quote the Guardian you've definitely reached rock bottom. I bought a ton of DWAC (now DJT) stock. Tons of Trump-supporting, MAGA-loving, small investors bought (and are buying) the stock and reaping huuuge profits. Donald Trump does in his private business what he does for the country. He spreads the wealth. TRUMP 2024! At what price per share did you buy it and how many shares did you buy? lookin 1 Quote
Members lookin Posted March 26 Members Posted March 26 29 minutes ago, Bingo T Dog said: At what price per share did you buy it? That, and how many shares? This could be a fun thread if folks were willing to post their buys and sells, and at what prices. I've been toying with the idea of shorting the stock. Problem is, (a) I've never shorted a stock and (b) I read that this is one of the most expensive stocks to short, whatever that means. But, if I do figure out how and when to do it, I'll definitely post my numbers. Bingo T Dog, stevenkesslar and Stable Genius 2 1 Quote
Members stevenkesslar Posted March 26 Members Posted March 26 2 hours ago, lookin said: That, and how many shares? This could be a fun thread if folks were willing to post their buys and sells, and at what prices. I've been toying with the idea of shorting the stock. Problem is, (a) I've never shorted a stock and (b) I read that this is one of the most expensive stocks to short, whatever that means. But, if I do figure out how and when to do it, I'll definitely post my numbers. You are definitely on to something. Trump makes everything interesting. Why not stock analysis, which is totally boring? Instead of 30 day and 60 day moving averages, we could track DJT with 30 and 60 day moving indictments. My guess is the way it works is the more new indictments, the more DJT pops. Since the cult will visit the site heavily to find out why Trump is innocent and persecuted, as always. And to donate money, of course. Then instead of relative strength index, we could have relative scam index. If he gets elected, that could explode. I mean, in the traditional sense of RSI 30 means oversold. I think Trump could easily get well over 30 scams a month going to fleece the cult. Instead of oversold, we just call it overscammed. I don't think we'll ever have to worry about being underscammed with this crowd. They'll always donate money, of course. This is off to a great start. DJT opened at $70.55, peaked at $79.38, and closed just under $58. So everybody who bought today lost, except for Donald J. Trump. How much more perfect could a stock named after Donald J. Trump be? KeepItReal and lookin 2 Quote
Members JKane Posted March 27 Members Posted March 27 Bingo T Dog, stevenkesslar and Marc in Calif 1 2 Quote
Members stevenkesslar Posted March 27 Members Posted March 27 Quote The Trump company, which went public through a merger with Digital World Acquisition Corp. (DWAC), a special-purpose vehicle that’s been trading since 2021, has little revenue and lost $41 million during the last two years, according to S&P Capital IQ. Many buyers pushing up the stock price have been individual investors expressing loyalty to Trump himself. Quote But many investors are betting the Trump venture will flop. “There is huuuuge conviction (Trump pun intended) that there will be a significant decline in the stock price in the short term,” Ihor Dusaniwsky, managing director at S3 Partners, said in an email. Quote The stock “is dropping to $2.50 after the merger,” one investor posted on Reddit’s meme stock channel, WallStreetBets. Another suggested anybody holding the stock for the long haul is a “MAGA bagholder” who will basically end up putting money into Trump’s pocket. Well, at least Trump has a loyal cult. And good spelling skills. 22 hours ago, lookin said: I've been toying with the idea of shorting the stock. reader and lookin 1 1 Quote
EmmetK Posted March 27 Author Posted March 27 Another sad day in Liberal Land.....lmfao Shares of Trump Media & Technology Group surged 17% Wednesday, extending gains from their stellar Nasdaq debut to the second day, fueled by retail investors including supporters of former President Donald Trump. Shares of Trump-controlled TMTG, which owns his Truth Social social network, have climbed over 30% since they began trading on Wall Street on Tuesday through a merger with a blank-check company already listed on the Nasdaq. With the stock last at $67.69, TMTG had a market capitalization of $9.1 billion, lifting the value of Trump's stake to over $5 billion. Who's laughing now? The desperate, ignorant taunt from Biden and his team of misfits about "Broke Don" lasted how long? About five seconds! lol. Another $5 billion later and Biden's and liberals are gnashing their teeth... ...All while Crooked Hunter is peddling influence, and Dementia Joe is selling out the country trying to make a buck... ...President Trump produces a product that makes him wealthier! Everyone repeat three times: TRUMP IS YOUR DADDY! TRUMP 2024 forky123 1 Quote
Members stevenkesslar Posted March 27 Members Posted March 27 1 hour ago, EmmetK said: Who's laughing now? Duh! Me! I'm LMAO. First, the basic and core stupidity here is that Trump is gonna lose. You don't believe a guy who has been right on every POTUS race since 1984. Who Trump personally congratulated. That's just very stupid. Lichtman is clear about the things that could change that would hurt Biden. Losing Ukraine is probably #1 on the list. The criminal rapist you support knows this. He'd rather support genocide and weaken the US and NATO than allow Biden and the US to help Ukraine. It's weak, and sick. So I'll laugh my ass off when he loses. Second, you don't understand or believe short sellers. This puppy is being set up for a fall. If you want to see how it works, check out SOXL. Went up 15x during the COVID sugar high, then down 90 % in 2022, and is now up about 7x off its Fall 2022 low. It will probably peak about 10x above what it was worth in Fall 2022, I'm guessing. That is how short sellers work. DJT is small ball in this game. I tell you this in the hope that you will get out before you lose at musical chairs, like much of the cult will. Third, as I said above, I doubt that Leticia James seizing Trump's assets would create a backlash that would help Trump win. About 54 % of America consistently views DJT as a lying criminal rapist who deserves punishment. And anyone who feels Trump is above the law probably ain't gonna change their mind, anyway. But I am delighted that the world now knows DJT has plenty of money - out of the pockets of the cult - to pay the woman he raped and any and all other judgments. Fourth, the real beauty is that if Trump needs the money, he'll have to get his nepo board to change the rules so he can sell soon, instead of waiting six months. By which time the short sellers will most likely shred DJT, anyway. Thus rapist criminal Trump will legally undermine the stock, creating the very conditions the short sellers are waiting for. And raping his loyal followers, like he does every time. This you can't blame it on Leticia James, the Deep State, or the Satanic child blood drinkers. The stupidity is brilliant! Bravo, and thanks. Bingo T Dog 1 Quote
Bingo T Dog Posted March 27 Posted March 27 1 hour ago, EmmetK said: Another sad day in Liberal Land.....lmfao Shares of Trump Media & Technology Group surged 17% Wednesday, extending gains from their stellar Nasdaq debut to the second day, fueled by retail investors including supporters of former President Donald Trump. Shares of Trump-controlled TMTG, which owns his Truth Social social network, have climbed over 30% since they began trading on Wall Street on Tuesday through a merger with a blank-check company already listed on the Nasdaq. With the stock last at $67.69, TMTG had a market capitalization of $9.1 billion, lifting the value of Trump's stake to over $5 billion. Who's laughing now? The desperate, ignorant taunt from Biden and his team of misfits about "Broke Don" lasted how long? About five seconds! lol. Another $5 billion later and Biden's and liberals are gnashing their teeth... ...All while Crooked Hunter is peddling influence, and Dementia Joe is selling out the country trying to make a buck... ...President Trump produces a product that makes him wealthier! Everyone repeat three times: TRUMP IS YOUR DADDY! TRUMP 2024 Hopefully now Dump will change his Depends daily. Money has its benefits!! stevenkesslar 1 Quote
Stable Genius Posted March 27 Posted March 27 Trump hasn't met a grift he doesn't like. stevenkesslar 1 Quote
Bingo T Dog Posted March 28 Posted March 28 21 hours ago, EmmetK said: TRUMP IS YOUR DADDY! Now he has a dollar for every time he said that at Jeffrey Epstein's playpens!!!!!!!!!!!!!! Quote
Stable Genius Posted March 29 Posted March 29 It will be fun to watch another Trump & Dump. EmmetK, do you remember Trump Casinos? Quote
Stable Genius Posted March 29 Posted March 29 On 3/26/2024 at 10:20 AM, EmmetK said: msn? lmfao ! Rachel Maddow? Hahaha Maybe Trump will now buy MSNBC! Why would Smellvis buy NBC/MSNBC, they've been banned from covering Republican Convention for firing McDaniel. Wait, GOP fired Ronna Romney McDaniel first! Quote
reader Posted April 1 Posted April 1 From CNBC Trump Media plunges more than 25% after company reports net loss of $58 million in 2023 The share price of Trump Media plunged Monday after the social media app company closely tied to former President Donald Trump reported a net loss of $58.2 million on revenue of just $4.1 million in 2023. Trump Media & Technology Group shares were trading down by more than 25% around 1:08 p.m. ET. The losses last year by Trump Media — the owner of the Truth Social app routinely used by the former president — could continue for some time, according to the company. “TMTG expects to incur operating losses for the foreseeable future,” says the filing, which came a week after the company began trading under the ticker DJT on the Nasdaq. The filing also warns shareholders that Trump’s involvement in the company could put it at greater risk than other social media companies. TMTG also disclosed to regulators that the company had identified “material weaknesses in its internal control over financial reporting” when it prepared a previous financial statement for the first three quarters of 2023. As of Monday, Trump Media said these “identified material weaknesses continue to exist.” Bingo T Dog, stevenkesslar and Marc in Calif 2 1 Quote
