Excellent, informative article. But it underscores how well and easily Trump’s grifts continue to work for him. Maybe not easily in layman’s terms. Just the fact that few other people - immoral, amoral, should-be-in-jail lawbreakers - can continue an open con, abetted by millions of cult members, including high-placed judges and the like.
If I were Trump I would get out of Real Estate and stick with Virtual scams. It appears the SEC and the Justice systems in America is a better place to avoid consequences through time. Crime does not pay as well as Time.
DJT (aka Trump Media & Technology Group Corp, aka Truth Social) drops to it’s 2024/03/22 price, wiping out all the gains since merger, less than 50% of its recent peak of $79.
This wipes out anyone still holding from a purchase from 2021/10/22-2022/06/10 when it was trading in the $43-97 range.
Probably not a good idea to take shares as collateral for anything.
Forbes reports it has a book value of less than $2/share, down from the $10 initial buy-in which was only worth $8.
Trump's Good News: his share of Truth Social could be worth approx 3.6 Billion dollars.
Trump's Bad News: by the time he can sell any, it will probably be worth approx 464 Million dollars.
Excellent, informative article. But it underscores how well and easily Trump’s grifts continue to work for him. Maybe not easily in layman’s terms. Just the fact that few other people - immoral, amoral, should-be-in-jail lawbreakers - can continue an open con, abetted by millions of cult members, including high-placed judges and the like.
Excellent journalism, Ms Dye
If I were Trump I would get out of Real Estate and stick with Virtual scams. It appears the SEC and the Justice systems in America is a better place to avoid consequences through time. Crime does not pay as well as Time.
Great story. I followed the accounting - but I'm an accountant. Hope others see it clearly.
Funny the hashtag #tiktokban is still on there.
Update:
DJT (aka Trump Media & Technology Group Corp, aka Truth Social) drops to it’s 2024/03/22 price, wiping out all the gains since merger, less than 50% of its recent peak of $79.
This wipes out anyone still holding from a purchase from 2021/10/22-2022/06/10 when it was trading in the $43-97 range.
Probably not a good idea to take shares as collateral for anything.
Forbes reports it has a book value of less than $2/share, down from the $10 initial buy-in which was only worth $8.
https://www.forbes.com/sites/johntobey/2024/04/07/a-disappointing-trump-media-stock-djt-analysis/
https://substack.com/@arpie4math/note/c-53470061
No Rest Until New Deal.
https://felixhoffman.substack.com/p/2024-strike-policy