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SaltyNZ:
freitasm:
And an amendment needs to be ratified by a majority of states.
Good luck with that.
Perfectly happy for him to pour all his what-passes-for attention into that rather than anything else.
Someone probably said the same thing about Hitler.
'Those who can make you believe absurdities can make you commit atrocities.' Voltaire
'A patriot must always be ready to defend his country against his government.' Edward Abbey
The NY Times - With Trump Media Stock Cratering, Donald Trump Has a Decision to Make (unlocked free link)
09 Sep 2024
In 10 days, the former president will be free to sell his shares in Trump Media & Technology Group - the publicly traded parent company of Truth Social, his social network and main online megaphone. A provision that barred him from selling any of his 115 million shares will expire on Sept. 19.
His stake is worth $2 billion, an enticing bounty given that Mr. Trump invested only a few million dollars into Trump Media, which was formed just weeks after he left the White House in early 2021.
But his shares are worth a lot less than they were in March, when Trump Media made its Wall Street debut.*
A sale by Mr. Trump would have big implications, both financial and political.
It almost certainly would tank the price of Trump Media’s volatile stock, decreasing the value of whatever remains of Mr. Trump’s stake.
An ensuing slump in the share price might also leave the company’s more than 600,000 shareholders - many of them supporters of the former president and users of the platform - feeling sabotaged and alienated. ...
* The share price is down more than 70 percent from its peak.
Sideface
Sensational.
Definitely goes to show that "a fool and his money are soon parted".
Related:
Sideface:
An ensuing slump in the share price might also leave the company’s more than 600,000 shareholders - many of them supporters of the former president and users of the platform - feeling sabotaged and alienated. ...
Seems unlikely. I reckon there are probably three types of investor - those who bought as a joke, those who bought cynically knowing the worshipers would plump up the price, and the true believers.
The joke buyers are laughing no matter what. The cynical buyers have already cashed out with their profit. The true believers are true believers and will find some way to rationalise their losses because it served to help their god-emperor.
iPad Pro 11" + iPhone 15 Pro Max + 2degrees 4tw!
These comments are my own and do not represent the opinions of 2degrees.
Sideface: An ensuing slump in the share price might also leave the company’s more than 600,000 shareholders - many of them supporters of the former president and users of the platform - feeling sabotaged and alienated. ...
He'll cash out as soon as he can, and who cares about what happens to the suckers. That's what he's done pretty much every single time he's run one of these cons, which is why he's been blacklisted by almost every major bank in the US (they ended up carrying the can), and in more recent years has relied on "investors" like MBS and money launderers. So the MO is buy or set up something, vastly inflate the numbers, e.g. number of apartments sold in Trump Tower XYZ, either by manipulating the figures or just outright lying, collect your fees up-front (always the case, it's always cash up front), and then leave things to collapse behind you.
Which is also why he's always looking for the next grift, his wealth is mostly other people's money (when it's not just made-up numbers), so he's in constant need of more funding.
neb:
Which is also why he's always looking for the next grift, his wealth is mostly other people's money (when it's not just made-up numbers), so he's in constant need of more funding.
Sounds more exhausting than a real job, to be honest.
iPad Pro 11" + iPhone 15 Pro Max + 2degrees 4tw!
These comments are my own and do not represent the opinions of 2degrees.
Not when you're raking in tens to hundreds of millions with it.
It also means he gets to live the billionaire lifestyle without really being one.
They must have a babel fish to translate that load of gibberish.
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kingdragonfly: Trump responded to questions about his plans to make child care more affordable by pointing to tariffs. He claimed that while child care costs are often highlighted as significant, the revenue generated from higher tariffs would more than cover such expenses.
As well as making most things the parents would need to buy for the children a lot more expensive. Truly a stable genius.
neb:kingdragonfly: Trump responded to questions about his plans to make child care more affordable by pointing to tariffs. He claimed that while child care costs are often highlighted as significant, the revenue generated from higher tariffs would more than cover such expenses.As well as making most things the parents would need to buy for the children a lot more expensive. Truly a stable genius.
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