Did he ever go through w/ suing the cow from Twitter?
Truth Social shares go into freefall after investors learn how much money it really makes!!!
- Thread starter SoProudNole
- Start date
So, they made $75 million in 2022 on the change in the fair value of derivative liabilities? I believe I understand the concept, but what generated this specific profit?
A debt swap? Hog futures?
🤷♂️
I think I saw Rico picking up aluminum cans in the median of I-35 near Ames today!
Making up for the $$$ he's losing with his Trump stock?
Hopefully Biden hasn't suspended the SNAP for Rico.
Trump has always been a smoke and mirrors businessman.
He’s lucky he inherited money from his Dad because he never would have done shit without it. Dude is a fraud.
He’s lucky he inherited money from his Dad because he never would have done shit without it. Dude is a fraud.
Not cool, dude. You know how much of a headache that is for the car owner?
Someone smarter than the rest of us (except for Uncle Rico) explains it for the masses.
"All of the competitors to TRUTH SOCIAL, especially those in the Radical Left Democrats Party who are failing at every level, like to use their vaunted 'disinformation machine' to try and convince people, and it is not easy to do, that TRUTH is not such a big deal and doesn’t “get the word out” as well as various others, which they know to be false. I THINK TRUTH IS AMAZING!' he wrote before adding, "First of all, it is very solid, having over $200,000,000 in CASH and ZERO DEBT."
"More importantly, it is the primary way I get the word out and, for better or worse, people want to hear what I have to say, perhaps, according to experts, more than anyone else in the World. My TV ratings are by far the highest, and my Rallies are not equaled, even close, anywhere or by anyone. Look, I had hundreds of millions of followers on various platforms, and could have them back again, but was cancelled for largely political reasons. Those platforms all want me back…They need me back! On Truth I have 7,000,000 followers..."
"Very good for a startup, and growing fast. But when I put out a statement or message, it is SPREAD all over the place, fast and furious. EVERYBODY SEEMS TO GET WHATEVER I HAVE TO SAY, AND QUICKLY. At press conferences I will sometimes ask, 'who is on TRUTH.' I have never had one reporter tell me they are not. They are all on TRUTH because the have to be."
"So don’t believe the FAKE NEWS. Until I came along and exposed them, they were respected and believed. Now they are the exact opposite. With the Russia, Russia, Russia HOAX. and all of the others, people get it," he continued. "Look, using TRUTH, I became the Republican Nominee for President of the United States, and in record time! When I ENDORSE a politician on TRUTH, they almost ALWAYS WIN. If it didn’t work, or properly get the word out, I wouldn’t use it - But it does work, and work really well - And the fun is just getting started!!!"
All is well
"All of the competitors to TRUTH SOCIAL, especially those in the Radical Left Democrats Party who are failing at every level, like to use their vaunted 'disinformation machine' to try and convince people, and it is not easy to do, that TRUTH is not such a big deal and doesn’t “get the word out” as well as various others, which they know to be false. I THINK TRUTH IS AMAZING!' he wrote before adding, "First of all, it is very solid, having over $200,000,000 in CASH and ZERO DEBT."
"More importantly, it is the primary way I get the word out and, for better or worse, people want to hear what I have to say, perhaps, according to experts, more than anyone else in the World. My TV ratings are by far the highest, and my Rallies are not equaled, even close, anywhere or by anyone. Look, I had hundreds of millions of followers on various platforms, and could have them back again, but was cancelled for largely political reasons. Those platforms all want me back…They need me back! On Truth I have 7,000,000 followers..."
"Very good for a startup, and growing fast. But when I put out a statement or message, it is SPREAD all over the place, fast and furious. EVERYBODY SEEMS TO GET WHATEVER I HAVE TO SAY, AND QUICKLY. At press conferences I will sometimes ask, 'who is on TRUTH.' I have never had one reporter tell me they are not. They are all on TRUTH because the have to be."
"So don’t believe the FAKE NEWS. Until I came along and exposed them, they were respected and believed. Now they are the exact opposite. With the Russia, Russia, Russia HOAX. and all of the others, people get it," he continued. "Look, using TRUTH, I became the Republican Nominee for President of the United States, and in record time! When I ENDORSE a politician on TRUTH, they almost ALWAYS WIN. If it didn’t work, or properly get the word out, I wouldn’t use it - But it does work, and work really well - And the fun is just getting started!!!"
All is well
It's all just a scam donation front to the Trump crime family anyway. So happy the cult members can take part in it with their donations.
Only "regular people" need to do that.
Former Presidents can do what they want. Immunity, yo.
I would have hoped so. It’s apparently only a requirement a company does to protect itself but when the board is your family and friend and you need money…
It will be interesting to see which morons on the board decide to spend years being probed and sued if they allow Don to dump some stock and it craters.
There are stories being floated that disgruntled investors are consulting legal counsel in Delaware over a potential lawsuit - if I'm reading between the lines, sounds like a class action and fraud would be alleged pertaining to the company's actual financial condition.
Don't shoot the messenger. Only relaying what I previously read.
Don't shoot the messenger. Only relaying what I previously read.
hawkeyetraveler
HB Heisman
Not sure how there could be fraud when anyone with a pulse knew this stock was hot garbage. After decades of Trump screwing people if you were dumb enough to invest in this stock you deserve to lose your money.
Still I do enjoy chaos in the Trump camp.
Not surprising. Pump and dump schemes usually end up in a lawsuit.
Yeah, "caveat emptor" definitely applies with anything that has "trump" in the name.
Its money laundering, not fraud
Don’t worry, Rico!
Think I saw him standing on a bridge in West Des Moines an hour ago.
Or...maybe it was him holding a cardboard sign "God Bless You" near SE14th?
Probably a shrewd move by Don to not be on the board. He owns the bulk of the stock, but some saps sit on the board and will get the subpoenas.
Down 11% as of noon today.
Ya just hate to see it.
Does Mike Lindell have a patent on My Pillow? If not...
Ya just hate to see it.
Does Mike Lindell have a patent on My Pillow? If not...
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Can you patent shredding foam and throwing it in a bag?
Only if you include "Stolen Election" on the product tag!
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Yeah, it's inevitably coming (though pretty standard these days if the losses pile up). I've received a couple of notices regarding SPAC/IPO class action settlements recently. The retail investor/little guy is usually the only one who gets truly screwed.
Indeed. …….you DO NOT want to be a board member when the investigators show up.
Where will they rope the cultists back in to "buy the dip?" Undercut 32.00 and then push the price up and get the idiots to chase?
Never underestimate speculators and cult members, but I am truly amazed at the initial price spikes. Truth is a small, niche platform. Nobody is going there to follow the local sports or get anything other than Trump's whiny posts. It has no proprietary technology. And, top execs like Nunes go on TV and stammer when asked how Truth will ever make money?
Trump Media’s Accounting Firm Has Audit Deficiency History
Trump Media’s Accounting Firm Has Audit Deficiency History
(Bloomberg) -- Donald Trump’s social-media company just became the most valuable publicly traded client of an accounting firm that has more experience auditing companies traded over-the-counter and has had a string of regulatory issues, including a 100% deficiency rate on audits reviewed by a US...
