I totally forgot that Devin Nunes was trolled so hard on Twitter that he left politics and went to Safe Space social media.
Devin Nunezâ Cow was hilarious.
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Up to $38 after Trump gets more shares to dilute the value. This is almost game stop crazy.
Iâm assuming itâs too late to try to make money off this circus?
If he loses the Presidency, the stock will likely go belly up within a year. If he wins the Presidency itâs no telling how high it will go as basically itâs unregulated donations by foreign entities to buy Presidential access.
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It is. Itâs not the WSB crowd this time, that sub thinks the stock is a joke and they donât seem keen on being long. So itâs probably exactly what you think driving prices higher. I knew the risk.
SEC has shut them down now.
SEC shuts down Trump Media auditor over âmassive fraudâ - SEC shuts down Trump Media auditor over âmassive fraudâ via @FT
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As a layperson in this space, Iâm guessing there will be no repercussion for Trump nor Trump Media, except maybe a hit to the stock price.
Unless there is some paper trail or testimony that Trump Media officials knowingly selected Borgers because theyâd get an inappropriately unproblematic audit from them, itâs likely just another case on the massive pile of fraudsters who are all entirely coincidentally closely associated with Trump.
You donât usually hire shady auditors like this one on a whim.
Someone (somwehere) made a few calls and paid a bunch of money to the right people.
The whole thing stinks to high heaven now.
Selection choice could easily have been âwhoâs the lowest cost provider?â without worrying about quality. More worrisome would have been âwhich auditor doesnât ask too many questions?â.
I would put good money that enough people knew the auditor was shady. Very possible Trump himself didnât know because itâs a technical detail and heâs a little preoccupied farting himself awake, but I bet enough powerful allies know Trumpâs MO of âwhatever is cheapest is goodâ, and probably had accounting problems (accidental or total fraud) and needed to get their finances checked off for the IPO.
But like so many of his corrupt allies, Trump will have barely heard of Borgers, they were basically coffee aides and if they were fradulent, itâs very sad what they did.
Heâs just a very unlucky man to be surrounded by so many fraudsters. Truly a modern-day Jesus Mandela.
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Newsweek is sadly no longer a legitimate source of news and skews heavy sensationalistic. But this is something that actually happened. CNBC link instead:
Truth Social lost $16 million last quarter, with revenue of < $1 million
OTOH,
Trump Media said it ended the quarter with $344 million in cash and cash equivalents, with no debt.
They can lose $16 million/quarter for a long time before they chew through their nest egg.
I assume that Trump believes he will figure out a way to monetize it when he is president.
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Iâm going to assume itâs 50/50 grift and a way to minimize taxes while transferring wealth to his kids. The whole thing is a joke.
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Yeah the whole business model is having foreign governments bribe Trump by laundering money through Truth Social.
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Closes at post merger low. Folks bailing before the Don-Old can start dumping shares?
If you knew that 60% of a company with virtually no revenue and no profit was about to be available for sale by somebody just convicted of 34 felonies with half a billion in fraud judgments and numerous other trials pending, would you keep that holding?
Seems all the smart money, probably including a lot of foreign investors are backing out. If Trump sells a huge chunk, they can wait for the election and decide whether Trump is useful again.
Would you have even bought in the first place?
Oh, yeah, he might become president and be my friend or I could be his political enemy and strung up somewhere⌠ChoicesâŚ
You better believe he is writing down those sellers.