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GopherGal

(2,408 posts)
23. That's how it looks to me, too.
Thu Sep 5, 2024, 12:20 PM
Sep 2024

I claim no real expertise or any of this, but it has just always seemed to me that buying the stock was a way for certain entities (foreign governments, criminal enterprises, greedy capitalists, moronic cultists or otherwise) to funnel money to him, rather than an actual investment with prospect of monetary return. I suspect a knowledgable person could look at SEC filings or incorporation documents or something and figure out if his payout is to be harvested via 1) the after-lock-up selling of his shares 2) some sort of "management fee" pseudo-salary paid to himself from the company 3) Some sort of "licensing fee": for use of his name.

To the extent that Truth Social has any value, it has only been as the exclusive site for access to the Orange Abscess's blathering. Even assuming (against current evidence) that this can be converted into monetary value via advertising sales, it always remains one "take my toys and go home" tantrum away from TSF needing to turn to another platform (see the X exclusive interview with Eloon) or losing his newsworthiness after an election loss. So it was always at best a shaky proposition from a financial POV.

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We all knew this was going to happen. And it's still falling. captain queeg Sep 2024 #1
How will he live on only 2 billion? jimfields33 Sep 2024 #4
Two billion doesn't stretch very far... -misanthroptimist Sep 2024 #8
Two billion on paper to boot Attilatheblond Sep 2024 #15
The stock Lost 58 mil and had sales (not profit) of only 4m ??? Think. Again. Sep 2024 #2
It's not nearly worth $17/share notKeith Sep 2024 #16
But according to his fans - He is a good businessman and he would be better for the economy. I suspect this was a sham tulipsandroses Sep 2024 #3
Oh brother, he can claim a loss and continue paying 800 dollars in taxes. jimfields33 Sep 2024 #5
Maybe not karynnj Sep 2024 #17
Well it's certainly not Facebook, I guess it's closer to Xwitter For Idiots ... FakeNoose Sep 2024 #6
Sept 20th is the first day Trump can sell his shares. I'm not a market analyst, but... surfered Sep 2024 #7
I hate that when I lose $3 billion over night. Irish_Dem Sep 2024 #9
It's there to wipe out everybody else. Turbineguy Sep 2024 #10
Fuckin A AKwannabe Sep 2024 #11
The whole point of this company is not to build a successful business. Probatim Sep 2024 #12
That's how it looks to me, too. GopherGal Sep 2024 #23
It explains the timing of when he can sell his shares - just weeks before the election. Probatim Sep 2024 #29
I don't think he put any money in at all lostnfound Sep 2024 #13
If it's all profit, he can't hide anything from Uncle Sam FakeNoose Sep 2024 #14
He's not losing any money he invested ToxMarz Sep 2024 #22
His name is worthless collateral. ProudMNDemocrat Sep 2024 #28
Good. lastlib Sep 2024 #18
When are we finally DONE with this bastard? calimary Sep 2024 #19
Fake news. It was up to $17.76 a few minutes ago. It's going to rebound any minute now. Believe me! Ray Bruns Sep 2024 #20
Head fake for insiders to unload + some short covering ... BlueWavePsych Sep 2024 #30
Happy 💃 Joinfortmill Sep 2024 #21
Unfortunately, that's not quite right eallen Sep 2024 #24
Barchart Technical Opinion: Strong Sell CaptainTruth Sep 2024 #25
Don't think trump invested much in the site. It's almost a freebe for him if he sells his stock at anything above $.01. Silent Type Sep 2024 #26
This is a meme stock that has no real value other than idiots who are stupid enough to buy it LetMyPeopleVote Sep 2024 #27
Everything I know about TSFConvict.... returnee Sep 2024 #31
He got torpedoed by Musk. LudwigPastorius Sep 2024 #32
I believe you're right about that FakeNoose Sep 2024 #34
The Art of Dump Blue Owl Sep 2024 #33
Oh well Yo_Mama_Been_Loggin Sep 2024 #35
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