Is it possible that the stock getting pumped up was a way for foreign governments to legally transfer money to him? Could a government (or multiple governments) launch a coordinated effort to increase the price of a stock through strategic actions? It wouldn't necessarily need to be a sustained effort, just enough to get it going and give it some momentum, then TrumpCo pulls out and collects on his legal not-a-bribe money.
this post was submitted on 01 Apr 2024
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It is called Money Laundering and is definitely not Legal. But is hard to prove because Shell Companies doing it and lying makes it very easy to accomplish.
Seems possible. Also this SPAC deal injected somewhere from $200-300 million in cash into the company. They could continue to operate with this level of losses for quite a while unfortunately, years of runway before running out of money now even losing $58 million a year. If there's enough buying activity in the stock it could be used to effectively transfer wealth to Trump when he begins selling whenever his lockout is expired (or gets removed early). Even if he's not selling and the price is propped up, could be used as collateral for loans as a way to benefit without generating a taxable event.
Plus there's plenty of ways to use shares you can't sell yet to get money. I guarantee this price inconsistency is a way to funnel money to their asset.
I mean it could be, but why? Super Pacs already exist.
Because a foreign government funneling money into a super PAC is easier to trace and proof intent. Buying stocks is just an investment without any political implications.
Not nearly as easy as you might think. Also intent is even harder to prove these days thanks to a certain Supreme Court.
Sending money to an organization that carries in its name that it's intended to do political actions is definitely a show of intent. And that's not a legal question. Legally, a Russian oligarch could send money to an American company he owns/controls and that company could then forward that money to a super PAC. Easy to pull off legally, but very open and if it comes out, there's hardly any denying.
Buying stocks on the other hand is super simple to do directly and of course a Russian oligarch has a bunch of assets, some just happen to be Trump related stocks. Nothing to see.
They do have a special master watching things though, don't they? So it's going to be difficult to achieve that if that's what's going on.
They have a financial monitor watching the Trump organization holding company. I believe Trump Media group is a distinct company, 58% owned by Donald Trump, probably not a part of that monitoring. Unlike the Trump organization, it's also not incorporated or headquartered in New York (it's headquartered in Florida of course).
https://en.m.wikipedia.org/wiki/The_Trump_Organization
https://en.m.wikipedia.org/wiki/Trump_Media_%26_Technology_Group
Someone please correct me if I'm wrong on any of this though.
I was thinking more about transferring from one to the other.
There are plenty of reasons to believe it won't stay up there.
Reason #1: It has never made money and it never will make money.
Reddit has already come down.
Yep. spez and the CFO sold hundreds of thousands of shares and r/wallstreetbets were planning on shorting it pretty much the second the IPO was announced months ago.
Isn't there normally a restriction from executives selling stock for a period of time after an IPO?
The top brass sold off a portion of the stock, not the majority of it, and certainly not all of it.
I don’t really find that to be damning. They’ve been trying to turn a financial windfall for a while. That’s just them finally cashing out.
These Trump headlines are like a regular reminder of how dumb America is.
These headlines no longer display a corrupt politician .... it's a steady reminder of a corrupt system.
Maybe that steady reminder is necessary. Even if it doesn't lead to any converts, it could lessen complacency.
👆
The danger to these constant stories and headlines is that it normalizes this behaviour and mentality. The constant messaging with no impact makes it all so normal and regular that it breeds complacency. It makes everyone feel that having a fascist around is a completely normal part of American politics. Eventually if it is no longer about Trump, it will be another more terrible figure and everyone will say that the new figure isn't that bad because they're only a bit more worse than Trump.
Sometimes I feel like we're approaching a steep drop off in the slippery slope of authoritarian politics.
The stock symbol is DJT? Ugh. The hubris on this guy has no bounds.
The moment this man kicks the bucket, the stock is worth nothing.
He will make money, thousands will not.
Trump's coming bailout. Consequences aren't a thing for this piece of shit and never will be.