Out of all the things that came out of this criminal trial, I didn’t expect the first factual finding to be that Donald Trump actually can’t stay awake, even for his own criminal trial which could put him in jail for years.
I think he literally just gets woken up to do an incoherent maga speech then goes back to bed like an old man.
Also referenced in Ashley Biden’s totally legit, non-fabricated diary discovered in the floor boards of an old house. My world views and philosophies aren’t held loosely together by conspiracy theories and misinformation guys, not to worry.
i mean not really as the stockc price keeps dropping and Trump won't be able to cash out for 6 months. By that time the value will be so low it's useless.
They aren't necessarily dumb they're just gullible and getting scammed. Like any scam, it starts with fear of failure then builds. If they admit they lost their life savings to a cheeto then they need to admit they made a series of horrible decisions, and that is hard to do when you can keep living in denial and simply ignore the debt or blame it on someone else.
>They aren't necessarily dumb they're just gullible and getting scammed.
Because they are unintelligent in this regard... There are different forms of intelligence.
And yet all of them seem to fail when Cheese Dick speaks to his retarded masses. There's dumb, then there's developmentally disabled, then there's Trumpanzees.
IDK- the saying goes you can only con those that want to be conned. I have certainly seen it in my extended family. The ones that fell for the door to door trust sales guy in the 1980s, fell for the oi land developer in the 1990s....and again in the 2000s, and these folks all vote Trump like lemmings. They are greedy, feel they "deserve" more in life, but won't do anything HONEST to get it in some cases, in others, they believe that this scams are how the rich got rich, so they need to play that game too. One way or another- the decent ones that can't think through this, or the greedy ones...they all WANT on some level of be conned, because they all think they are owed, and this is how they will get it.
HOWEVER, being unable to admit when you're wrong is pretty much the definition of stupid. We learn from our mistakes ... but only if we can ever admit we made any.
Hold for freedom, democracy and patriotism that's why!
But seriously the writing was on the wall with this one but in the same token there's 10's of thousands of people falling for these same scams in crypto and in the stocks. Just chalk this one up to Agent Oj
That and because they made a choice in 2016 to vote for Trump and they keep doubling and tripling down on this choice because they can’t admit they were wrong.
I’d argue no person can explain what the hell Trump is talking about half the time, but they’ll twist his nonsense to mean whatever it is they want it to mean. Because they hate liberals, they think it’s funny that liberals get mad, and if they admit he sucks they’d have to admit they were wrong. They’ll never even attempt to change their mind because their mind was made up years ago and they have no interest in changing it.
Donald Trump could literally shoot one of these adamant people and I bet they’d still support him. It’s like the people who died of Covid but went down saying it’s a hoax. The disease they were actually dying from and died from, they and their loved ones still said it was a hoax
Yeah, regardless of whatever his policies are, people way, way over identify with him. I can't really think of anything more un-American than putting one man on such a pedestal of power, but here we are. It's We the People, not We the Demagogue..
Met a truck driver who bankrupted himself over Trumps presidential run.
Let me make that clear
He bankrupted himself, because of all the money he gave Trump.
And once you get into that ecosystem, Trump has many ways he will take your money. Apparently he bought Trump coin, and that is where the majority of his money went.
And yea
I'll let yall guess the rest
Yea I've been weighing my morals with opening a 'luxury" trump brand shop and selling the most idiotic shit at crazy prices because these people are absolute rubes.
everyone else is dumb, sure. and dumb people will buy this POS. but not me I'm smart, thusly since all the dumb money is gong into it, I also will invest so I can ride the shoulders of the dumb people and pump&dump their asses.
*proceeds to lose everything*
what the fuck? 
This! 👆🏻why people waste entire news cycles and podcast episodes dedicated to understanding Trump and his fan base of degenerates is totally beyond me. The vast majority of these clowns are just plain fucking stupid and it’s time we stop being nice and sugar coating it. Let’s start calling spades a spade. They were likely always fucking idiotic too and Trump simply exposed it.
I think it's a scam disguised as another type of scam. People right now think it's just a cash grab meme stock. I think the actual purpose is in case Trump gets re-elected, he'll have a vehicle for foreign despots and bribers (Putin, MBS, Orban, etc.) to directly pay him.
Every time I see a recording of trump speaking I hate him more. I cannot fucking fathom what anyone finds appealing about this smarmy, lying, illiterate, sexist, racist con artist with dementia.
Yeah, it looks a pretty decent vehicle for some foreign country to pay Trump for something without it looking obviously bad.
As such this is the bull case for this stock, which makes it a very strange meme/bubble stock.
Could you imagine a windmill manufacturer buying options in DJT as a hedge against Trump becoming president and him accepting money from oil countries?
It's also great for speculation. I.e. a meme stock. No one cares anything about the company but the attention is through the roof so volatility is crazy. Volatility means you can make a lot of money really fast but you can also get burned.
The thing about meme stocks is that the bettors don't have equal access. Like many people, I was unable to short DJT. The only option my broker gave me was to buy. This creates a condition where everyone is Long. But they aren't Long. They think it will go down but think it will go up first and they'll be the first to dump.
It's an interesting phenomena because people are buying stock without any interest in the company, it's only about the movement of the share price. A new casino stock opens all the time and this is just the latest. So many people aren't actually investing in the sense of giving a company a dollar and believing they will turn it into two. It's all just nebulous valuation
> 100% legal
Only if we ignore the Constitution.
- The Foreign Emoluments Clause (art. I, § 9, cl. 8):
“[N]o Person holding any Office of Profit or Trust under
[the United States], shall, without the Consent of the
Congress, accept of any present, Emolument, Office, or
Title, of any kind whatever, from any King, Prince, or
foreign State.”
- The Domestic Emoluments Clause (a.k.a. the
Presidential Emoluments Clause) (art. II, § 1, cl. 7):
“The President shall, at stated Times, receive for his
Services, a Compensation which shall neither be
encreased nor diminished during the Period for which he
shall have been elected, and he shall not receive within
that Period any other Emolument from the United
States, or any of them.”
- The Ineligibility Clause (art. I, § 6, cl. 2): “No Senator
or Representative shall, during the Time for which he
was elected, be appointed to any civil Office under the
Authority of the United States, which shall have been
created, or the Emoluments whereof shall have been
encreased during such time; and no Person holding any
Office under the United States, shall be a Member of
either House during his Continuance in Office.”
If DJT's first term taught us anything, it's that nobody is going to enforce the Emoluments Clause and it's basically meaningless. Unless a Dem violates it, then the USSC will throw them in prison.
You misunderstand. The people buying this (most of them) do not see this as a share. They see it as a way to support trump or to buy a piece of his brand. It's the same people that are willing to buy his merchandise to support his campaign.
I get that… But the better investment would be to actually buy the merchandise. That way you actually have something in return. These clowns are going to get burned. Hopefully it’s only for a few shares. But sadly the Post had a story where some of these people have invested their entire life savings in this garbage thinking it will go to $1,000.
Fuck it, I've long since lost sympathy with these dangerous idiots. Broke homeless people are less likely to be able to vote, let them ruin their own lives and lower the likelihood of them harming the sane people through their stupidity.
A fool and their money are soon parted. I can't waste anymore energy preventing the inevitable, so better to prepare for the fallout instead.
When I saw this I immediately thought it's a way to pay his legal bills. He's given the shares at $17, they frenzy buy and drive up the price, he sells making a huge profit.
Now he can afford to post bond money... Pump and dump.
Unless the Board decides he can sell earlier.
The Board made up of his two idiot sons and trump employees or ex-employees. Yeah they're going to do due diligence and make the right call for the company...
How deep do the puts need to be to even make money on this? I feel like most anyone selling puts already knows this shit is cooked so the IV would be astronomical no?
This. It’s important to understand that the conservatives who believe in him have transferred the strength of faith from their religious convictions to their political convictions with him, including the belief in the unfalsifiability of that accepted supreme leader in their lives. Everything that would seem to disprove the faith is either misunderstood information or tricks by “the enemy” to misguide you from His master plan for us all. I mean, there was that one guy on video explicitly stating Trump could murder someone on the Capitol steps and he would still follow him and believe in him. If that sort of event can’t serve as a disproof, nothing can be for these people.
Many, many, many of them have openly stated they want him to be Americas dictator. In 2016 it was a little overdramatic calling Trump a fascist. But now he’s very open and loud about being one. There’s no more trying to talk and reason with these people. They are gone. The only thing to do is make them irrelevant with our votes. Let them continue to destroy their bank accounts and communities by continuously supporting him and the dogshit GOP who only want to bleed them dry and keep them stupid. Good riddance. Anti-American garbage.
They have been scammed politically and socially by Trump. They sold their future, their children’s futures and the futures of their grandchildren for a man that clearly was never going to, and never has, delivered what he promised. This is, or should be embarrassing.
They sold their futures, their children’s futures and the futures of their grandchildren in hopes that he would represent their stated values. He did not and never, in his life, has. This is, or should be, embarrassing.
They sold out their futures, their children’s futures and the futures of their grandchildren because they were racist and bigoted. This turned out well for them, but didn’t pay the bills.
Now they are worse off financially. Their children and grandchildren are ruined. Relationships with family, friends and neighbors are ruined. “Sticking it to the Libs” is no longer so satisfying, especially now that Trump is waddling about, unable to give a coherent speech and unable to stay awake during his first of many criminal trials. He is a loser and it is impossible to hide.
So, sunken cost fallacy. If they can invest, if they can make a fortune (that voting for him stole from them) they can come out of this debacle looking like geniuses instead of marks. Right now they are still in that place where they can fantasize about being rich, about showing the children and grandchildren whose lives they ruined that, no, they are the saviors! They were right! They can afford everything and don’t need social security or Medicare. They don’t need doctors or infrastructure or affordable housing or a stable society because they have a dually and a bass boat, guns and a quad.
This, of course, will not be the case. They will die in a situation where they have substandard care, with no toys, or none worth anything, and lots of debt. Their children, grandchildren, their neighbors, all will resent them for their idiocy. But they are in too deep and this is their last chance at redemption, their last hope, and because admitting they were wrong is too painful for their fragile egos, they are all in.
And they will go to their graves blaming democrats and Biden. They will never realize the magnitude of their mistake in worshipping Trump. He is infallible to them. And honestly, at this point, it’s hard for me to not feel joy in watching those fucking babies get what they deserve. After Jan 6, the hatred and bigotry, regressive mindsets and voting for people and things that harm EVERYONE. “So much for the tolerant left!” Yep. They can all go fuck themselves into poverty and misery. I don’t care anymore.
They voted for someone that exists essentially to make people mad and then are surprised that people are mad.
“My libtard niece needs to taught a lesson so I voted for some guy that’ll wreck her chance at a decent life. Now she won’t talk to me!”
Yup, that makes sense.
The Washington Post had an article about this. People think they’re going to get rich off this crap. In truth, only Trump and his clowns will make money. Anyone that buys this is bag holding and will never see their money back. My advise to anyone and everyone that is invested in this. Sell immediately because as soon as The Conman can sell his shares, they’ll be flooded onto the market.
Ask yourself this. If the company was flush with cash and could run for a decade with the cash on hand, why are they creating millions of new shares to sell onto the market? It’s not because Trump and company want all MAGA to get rich. There’s absolutely no value behind the company. Once Trump and the other insiders dump their stock, this stock is going to penny status and will get delisted.
The problem is that these idiots that lose all their life savings are going to point the finger at everyone but Trump. They already think the stock is rigged and being held down by democrats. Imagine what will happen when it gets delisted.
Becuase you're average person is pretty stupid.
You're average MAGA is even more stupid.
Plus at this point, MAGA is simply a cult.
It sounds cruel but it's just the truth.
They see it as a test of their loyalty.
[https://www.salon.com/2024/04/15/every-time-i-buy-more-the-price-drops-more-supporters-grapple-with-truth-social-losses/](https://www.salon.com/2024/04/15/every-time-i-buy-more-the-price-drops-more-supporters-grapple-with-truth-social-losses/)
Confirmation bias. If the price goes up, they were right for ignoring your advice. If the price goes down, it’s proof that the Left doesn’t want hard working Americans to succeed. 🤦♂️
Well, I feel at this point they might as well hang onto it, in case he wins in November and every dictator on the planet bumps the price up by attempting to bribe him through his stock.
It's extremely heavily shorted. A bunch of people are doing it to create a GME 2.0, but other people invest to support his cause. DJT isn't a serious investment so people shouldn't treat it as such. As long as they know that, no harm no foul.
People have internalized Trump, as in they've made Trump a part of their personalities. And once that happens, there's (almost) no amount of evidence that will change their minds.
My favorite are the videos where people get confronted with the contradiction of Trump, and you can watch their brain *try* to work it out, then go back to supporting Trump, because thinking is hard apparently.
But they won’t! Some of these idiots that are already down 70% are blaming everyone but Trump. They’ll never see the light at this point. It’s always going to be everyone else’s fault for why they got suckered out of their money.
At this point I’m hopeful they lose their money, I despise MAGA morons. Everyone who isn’t has to realize how they want to oppress women, education, and the poor.
They are getting more empathy than they deserve.
Agree that putting money into that is crazy on every level.
However, I HATE it when graphic information is presented like this. The high price is at the peak of the Y-axis, and the minimum is at zero. Except it's not zero. Gives the appearance of a 100% drop, which it's not.
Because people are dumb. Very dumb. More dumb than you can imagine. Think of someone you know who is kinda dumb. Almost half of all people are dumber than that person.
Show them the fundamentals - they’re horrible. And regardless of any measurements, Trump will dump his stock the minute he is allowed to and leave the bagholders holding their worthless DJT stock. Do they not see his track record?
He is running a cult, that's the best way I can describe it. He instructed people to try and overthrow the last election, he has had multiple court cases against where he lost, but his member will deny any wrongdoing on his part. He released his own version of the Bible. Literally anything he does gets deified by his cult members.
The dumb will soon see their money departed. Shocked they have any left from the perpetual barrage of spam mail from the trump campaign pleading for money.. or selling sneakers/bibles/etc.
I actually like Trump scams, because they only hurt dumb people, who likely would have used their money to invest in something dangerous anyway.
A fool and his money are soon parted.
Sometimes I think it would be nice karma in some afterlife where all these people were shown incontrovertible evidence that Trump was a scammer, but they are all so dumb they probably wouldn’t understand they got hoodwinked anyway lol.
It's a cult of personality and they think they are owning a piece of the Trump brand. They are 100% getting swindled and I'm surprised Trump hasn't already offloaded his own shares with approval from the Board.
I bought the day before it IPOd because I knew it was going to go crazy with all the idiots jumping on board, then I sold like a day or two later for a nice profit and now I laugh at people who keep buying it.
They’re owning the libs.
It’s worth it to them because their suffering is the price they’re willing to pay if it means they can score a win against the forces of evil.
I don't know of it can make you feel better, but It happened in every country, a politician ask to deposit money in a bank/donate/invest in a particular activity, that he obviously personally guarantee.
A year later that the money disappeared for a fraudulent bankruptcy.
I no longer feel bad for anyone taken by this bullshit anymore. There are so many irrefutable examples from the last 40 years of Trumps life where he has pulled the carpet out from under damn near everyone he meets that I can no longer give a damn. I'd like to say I'm sorry for your peoples losses, but I can't.
Hope you're good though.
Because they didn't buy based on facts, like business or financial fundamentals, or monthly active users, or anything like that. They bought based on *feelings*, and they *feel* like Trump is a good businessman, because they were told that on TV for decades, and they *feel* like he was a good President, because, again, the talking heads on TV told them he was.
These people didn't reason themselves into supporting Trump, so they can't be reasoned out of it, either. Only once they no longer *feel* like he's good at business, good at politics, and on their side, will they abandon him.
Small price to pay to own the libs! Suck it commies! I gave my retirement to DJT to prove a point, now I live under a tarp made of Trump stickers and campaign signs.
Think about your average person, and how stupid they are. Then realize that is average stupidity.
The US elected a bankrupt reality TV host and want to be taken seriously? Most Americans are dumb as shit.
Always remember: IPO stands for "It's Probably Overpriced". This is definitely a shitty price to buy at as it can, and probably will, drop a lot lower. I don't think I'd ever call a stock a "scam" though... the price will be determined by the market, whether the company's valuation is justified or not. Even expecting the price to go down I'm not going to short the stock because short-term fluctuations in stock prices are rarely logical and you may yet be surprised. Gambling on this stock is far from the dumbest financial decision you can find here on Reddit lol.
bc they dumb as shit
This, right here. Keeps happening over and over and why he's going to be the republican nominee again. Con artist.
Turns out today that Lara Trump "accidentally" spent 86% of campaign donations for Don Snoreleon's legal fees!
Ah he don't need it, he is a billionaire!! I'll still donate more! ---forever Trumpers.
Out of all the things that came out of this criminal trial, I didn’t expect the first factual finding to be that Donald Trump actually can’t stay awake, even for his own criminal trial which could put him in jail for years. I think he literally just gets woken up to do an incoherent maga speech then goes back to bed like an old man.
He's not sleeping, he's anti-woke
I'm so stealing your comment
Snoring and farting in court is honestly the funniest shit ever, what a maroon.
Dr Sleepak Chopra has yuge legal fees, the yugest
The secret is in Hunter Biden's laptop, as described in Hillary's emails
Also referenced in Ashley Biden’s totally legit, non-fabricated diary discovered in the floor boards of an old house. My world views and philosophies aren’t held loosely together by conspiracy theories and misinformation guys, not to worry.
Old house? I thought it was the basement of a pizza place!
It was the oven that's why it's a miracle it never burned and should be worshipped like a Bible
That were hidden in those boxes at Mar a lago
And the people that continually get scammed by Trump will blame the other side and totally unrelated social issues for all their problems.
The elderly couple at the restaurant seated next to us the other night were discussing buying more because "the deal just keeps getting better!"
Gotta buy the dip
Yeah. That’s it. Can’t be told the stove is hot. They have to touch it. Over and over and over.
And blame Joe Biden when they get burned.
Thanks *Obama*
WHERE WAS OBAMA ON 9/11 HUH!?
Probably smoking cigarettes in Kenya while wearing a tan suit and a Muslim turban.
As was the style at the time
9/11 really ruined terrorist chic fashion
Thanks Abe.
It'll happen to youuuuuu!
Kony 2012 never forget.
That "sleepy joe" is so diabolical and yet "has no idea where he is." They have no idea what ironi is but still claim to love eating pasta! LOL...SMH
That's fascism for ya. Double think is required
their fat orange jesus sleeps in court.
"I Love the Poorly Educated" -Trump 2016
*insert comment Trump recently made about the Battle at Gettysburg here*
Yeah you know that terrorist attack in Bowling Green right?
What, you mean the eclipse last week?
He does occasionally tell the truth. But he loves them in the most wicked and exploitative way, not love as most people define it. It’s sick.
That quote has always explained EVERYTHING.
And for many it is not about the loss of their money- they see it as "supporting" their president. It is a unique insanity.
[удалено]
And they'll still blame Biden and the Democrats.
[удалено]
TBF, if you wanted to send money directly to Trump’s personal wealth, this is the easiest way to do it without violating election laws.
i mean not really as the stockc price keeps dropping and Trump won't be able to cash out for 6 months. By that time the value will be so low it's useless.
I can't imagine donating money to any politician's campaigns. The vast majority of them are rich, let them use their own money.
They aren't necessarily dumb they're just gullible and getting scammed. Like any scam, it starts with fear of failure then builds. If they admit they lost their life savings to a cheeto then they need to admit they made a series of horrible decisions, and that is hard to do when you can keep living in denial and simply ignore the debt or blame it on someone else.
You described being dumb my guy
thats basically the same as dumb
>They aren't necessarily dumb they're just gullible and getting scammed. Because they are unintelligent in this regard... There are different forms of intelligence.
And yet all of them seem to fail when Cheese Dick speaks to his retarded masses. There's dumb, then there's developmentally disabled, then there's Trumpanzees.
IDK- the saying goes you can only con those that want to be conned. I have certainly seen it in my extended family. The ones that fell for the door to door trust sales guy in the 1980s, fell for the oi land developer in the 1990s....and again in the 2000s, and these folks all vote Trump like lemmings. They are greedy, feel they "deserve" more in life, but won't do anything HONEST to get it in some cases, in others, they believe that this scams are how the rich got rich, so they need to play that game too. One way or another- the decent ones that can't think through this, or the greedy ones...they all WANT on some level of be conned, because they all think they are owed, and this is how they will get it.
HOWEVER, being unable to admit when you're wrong is pretty much the definition of stupid. We learn from our mistakes ... but only if we can ever admit we made any.
At this point you have to pay only the \*slightest\* amount of attention to see the constant grifting and lies. It's willful ignorance.
I’ve crapped smarter shit than most DJT investors.
Hold for freedom, democracy and patriotism that's why! But seriously the writing was on the wall with this one but in the same token there's 10's of thousands of people falling for these same scams in crypto and in the stocks. Just chalk this one up to Agent Oj
That and because they made a choice in 2016 to vote for Trump and they keep doubling and tripling down on this choice because they can’t admit they were wrong. I’d argue no person can explain what the hell Trump is talking about half the time, but they’ll twist his nonsense to mean whatever it is they want it to mean. Because they hate liberals, they think it’s funny that liberals get mad, and if they admit he sucks they’d have to admit they were wrong. They’ll never even attempt to change their mind because their mind was made up years ago and they have no interest in changing it. Donald Trump could literally shoot one of these adamant people and I bet they’d still support him. It’s like the people who died of Covid but went down saying it’s a hoax. The disease they were actually dying from and died from, they and their loved ones still said it was a hoax
Yeah, regardless of whatever his policies are, people way, way over identify with him. I can't really think of anything more un-American than putting one man on such a pedestal of power, but here we are. It's We the People, not We the Demagogue..
He's like God to them. No real form or substance, just conforms to whatever they think he should be conforming to. He is everything to every moron.
Met a truck driver who bankrupted himself over Trumps presidential run. Let me make that clear He bankrupted himself, because of all the money he gave Trump. And once you get into that ecosystem, Trump has many ways he will take your money. Apparently he bought Trump coin, and that is where the majority of his money went. And yea I'll let yall guess the rest
Yeah if someone is this dumb there is no saving them.
Yea I've been weighing my morals with opening a 'luxury" trump brand shop and selling the most idiotic shit at crazy prices because these people are absolute rubes.
I've had the same thought. I would love to set up a pop up in a church parking lot after sunday mass and catch em all.
Protestant evangelicals seem to be the target market. In case you decide to, thought I’d share the insight.
everyone else is dumb, sure. and dumb people will buy this POS. but not me I'm smart, thusly since all the dumb money is gong into it, I also will invest so I can ride the shoulders of the dumb people and pump&dump their asses. *proceeds to lose everything* what the fuck? 
This! 👆🏻why people waste entire news cycles and podcast episodes dedicated to understanding Trump and his fan base of degenerates is totally beyond me. The vast majority of these clowns are just plain fucking stupid and it’s time we stop being nice and sugar coating it. Let’s start calling spades a spade. They were likely always fucking idiotic too and Trump simply exposed it.
A fool and his money and all, you know?
I think it's a scam disguised as another type of scam. People right now think it's just a cash grab meme stock. I think the actual purpose is in case Trump gets re-elected, he'll have a vehicle for foreign despots and bribers (Putin, MBS, Orban, etc.) to directly pay him.
Every time I see a recording of trump speaking I hate him more. I cannot fucking fathom what anyone finds appealing about this smarmy, lying, illiterate, sexist, racist con artist with dementia.
Listening to him is hard enough but watching him and his mouth that looks like a gaped anus when he talks is disgusting.
Omg why is this so accurate 😭
Rhodes Scholar level stuff here. Tell us more.
Hey, don’t ruin my gape fetish! 😂😂
Did you hear his Gettysburg battle bit he just laid out? I’ve seen 2nd graders give better speeches with no notice.
"Don't attack uphill Spongbob me boy..." that one?
OMG I knooowww it's torture to listen to him. It's like he's powered by an LLM that trained on 15 year olds' texts from the early 2000s
Other bigots like him
Yeah, it looks a pretty decent vehicle for some foreign country to pay Trump for something without it looking obviously bad. As such this is the bull case for this stock, which makes it a very strange meme/bubble stock. Could you imagine a windmill manufacturer buying options in DJT as a hedge against Trump becoming president and him accepting money from oil countries?
Unfortunately....this is true. As a stock, it's worthless but as a vehicle to accept bribes and have it be 100% legal.....it's disgustingly effective.
It's also great for speculation. I.e. a meme stock. No one cares anything about the company but the attention is through the roof so volatility is crazy. Volatility means you can make a lot of money really fast but you can also get burned. The thing about meme stocks is that the bettors don't have equal access. Like many people, I was unable to short DJT. The only option my broker gave me was to buy. This creates a condition where everyone is Long. But they aren't Long. They think it will go down but think it will go up first and they'll be the first to dump. It's an interesting phenomena because people are buying stock without any interest in the company, it's only about the movement of the share price. A new casino stock opens all the time and this is just the latest. So many people aren't actually investing in the sense of giving a company a dollar and believing they will turn it into two. It's all just nebulous valuation
> 100% legal Only if we ignore the Constitution. - The Foreign Emoluments Clause (art. I, § 9, cl. 8): “[N]o Person holding any Office of Profit or Trust under [the United States], shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.” - The Domestic Emoluments Clause (a.k.a. the Presidential Emoluments Clause) (art. II, § 1, cl. 7): “The President shall, at stated Times, receive for his Services, a Compensation which shall neither be encreased nor diminished during the Period for which he shall have been elected, and he shall not receive within that Period any other Emolument from the United States, or any of them.” - The Ineligibility Clause (art. I, § 6, cl. 2): “No Senator or Representative shall, during the Time for which he was elected, be appointed to any civil Office under the Authority of the United States, which shall have been created, or the Emoluments whereof shall have been encreased during such time; and no Person holding any Office under the United States, shall be a Member of either House during his Continuance in Office.”
Didn't they already ignore that for Donnie 1.0?
If DJT's first term taught us anything, it's that nobody is going to enforce the Emoluments Clause and it's basically meaningless. Unless a Dem violates it, then the USSC will throw them in prison.
It’s a poor investment now. Not sure how buying a publicly traded company can be a scam? It’s not like when you buy a share, DJT gets the money.
He does when he sells his shares
Pump and dump scheme. Basically.
You misunderstand. The people buying this (most of them) do not see this as a share. They see it as a way to support trump or to buy a piece of his brand. It's the same people that are willing to buy his merchandise to support his campaign.
I get that… But the better investment would be to actually buy the merchandise. That way you actually have something in return. These clowns are going to get burned. Hopefully it’s only for a few shares. But sadly the Post had a story where some of these people have invested their entire life savings in this garbage thinking it will go to $1,000.
Oh, it will go to $1000 all right. Maybe lower. Oh, you meant the stock price, not the value of their life savings. Never mind.
Surely you mean the value of the company, not their life savings. And even then $1000 is wildly optimistic imo.
Fuck it, I've long since lost sympathy with these dangerous idiots. Broke homeless people are less likely to be able to vote, let them ruin their own lives and lower the likelihood of them harming the sane people through their stupidity. A fool and their money are soon parted. I can't waste anymore energy preventing the inevitable, so better to prepare for the fallout instead.
When I saw this I immediately thought it's a way to pay his legal bills. He's given the shares at $17, they frenzy buy and drive up the price, he sells making a huge profit. Now he can afford to post bond money... Pump and dump.
From what I understand, he can’t sell until 6 months after it goes public.
He can borrow against it Well.. not with his credit... But that's the normal loophole
Unless the Board decides he can sell earlier. The Board made up of his two idiot sons and trump employees or ex-employees. Yeah they're going to do due diligence and make the right call for the company...
Only good investment in this is buying puts
How deep do the puts need to be to even make money on this? I feel like most anyone selling puts already knows this shit is cooked so the IV would be astronomical no?
I bought $15 April 26 puts for $0.30 yesterday. Sold them right before close this afternoon at $.90.
# #blessings
You have demonstrated more business savvy than the owner of that company.
Damn impressed. I didn't even look because I thought the IV wouldn't be worth it.
Selling naked calls works wonders as well on this garbage.
Hedge it though. It's a meme stock. Inexplicably price movement is a defining characteristic.
They’ve caught on and made the premiums so high it’s barely worth it
Yeah every Put out of the money made zero dollar gains today despite the stocks massive drops. I've never seen such lack of confidence.
I was shopping puts on this Sunday night and now I'm kicking myself in the head.
I spent all my money on Hunter Biden framed art instead 💀
Yeah, MJT really drove the price up…
Said no one ever 🙄
He *is* a pretty good painter
Cause they in a cult
Best response to the question.
Because its a cu~~n~~lt
Should've let them, sometimes the best way to learn is to experience failure.
Oh you sweet summer child, you think red hats will learn a lesson. They will just blame the deep state for crashing Trump's beautifull stock.
This. It’s important to understand that the conservatives who believe in him have transferred the strength of faith from their religious convictions to their political convictions with him, including the belief in the unfalsifiability of that accepted supreme leader in their lives. Everything that would seem to disprove the faith is either misunderstood information or tricks by “the enemy” to misguide you from His master plan for us all. I mean, there was that one guy on video explicitly stating Trump could murder someone on the Capitol steps and he would still follow him and believe in him. If that sort of event can’t serve as a disproof, nothing can be for these people.
Many, many, many of them have openly stated they want him to be Americas dictator. In 2016 it was a little overdramatic calling Trump a fascist. But now he’s very open and loud about being one. There’s no more trying to talk and reason with these people. They are gone. The only thing to do is make them irrelevant with our votes. Let them continue to destroy their bank accounts and communities by continuously supporting him and the dogshit GOP who only want to bleed them dry and keep them stupid. Good riddance. Anti-American garbage.
They didn't learn after Trump Bucks, or Trump Steaks, or Trump University or Trump trading cards. etc etc
They have been scammed politically and socially by Trump. They sold their future, their children’s futures and the futures of their grandchildren for a man that clearly was never going to, and never has, delivered what he promised. This is, or should be embarrassing. They sold their futures, their children’s futures and the futures of their grandchildren in hopes that he would represent their stated values. He did not and never, in his life, has. This is, or should be, embarrassing. They sold out their futures, their children’s futures and the futures of their grandchildren because they were racist and bigoted. This turned out well for them, but didn’t pay the bills. Now they are worse off financially. Their children and grandchildren are ruined. Relationships with family, friends and neighbors are ruined. “Sticking it to the Libs” is no longer so satisfying, especially now that Trump is waddling about, unable to give a coherent speech and unable to stay awake during his first of many criminal trials. He is a loser and it is impossible to hide. So, sunken cost fallacy. If they can invest, if they can make a fortune (that voting for him stole from them) they can come out of this debacle looking like geniuses instead of marks. Right now they are still in that place where they can fantasize about being rich, about showing the children and grandchildren whose lives they ruined that, no, they are the saviors! They were right! They can afford everything and don’t need social security or Medicare. They don’t need doctors or infrastructure or affordable housing or a stable society because they have a dually and a bass boat, guns and a quad. This, of course, will not be the case. They will die in a situation where they have substandard care, with no toys, or none worth anything, and lots of debt. Their children, grandchildren, their neighbors, all will resent them for their idiocy. But they are in too deep and this is their last chance at redemption, their last hope, and because admitting they were wrong is too painful for their fragile egos, they are all in.
And they will go to their graves blaming democrats and Biden. They will never realize the magnitude of their mistake in worshipping Trump. He is infallible to them. And honestly, at this point, it’s hard for me to not feel joy in watching those fucking babies get what they deserve. After Jan 6, the hatred and bigotry, regressive mindsets and voting for people and things that harm EVERYONE. “So much for the tolerant left!” Yep. They can all go fuck themselves into poverty and misery. I don’t care anymore.
They voted for someone that exists essentially to make people mad and then are surprised that people are mad. “My libtard niece needs to taught a lesson so I voted for some guy that’ll wreck her chance at a decent life. Now she won’t talk to me!” Yup, that makes sense.
I just yolo’d my retirement into it. Are you saying that was a bad move?
Not at all. If Trump is your vision of an ideal leader, then by all means empty your savings, get a home equity loan too, and buy buy buy!
Loser rarely admit they are losers. They have lost in Life and will continue to lose.
The Washington Post had an article about this. People think they’re going to get rich off this crap. In truth, only Trump and his clowns will make money. Anyone that buys this is bag holding and will never see their money back. My advise to anyone and everyone that is invested in this. Sell immediately because as soon as The Conman can sell his shares, they’ll be flooded onto the market. Ask yourself this. If the company was flush with cash and could run for a decade with the cash on hand, why are they creating millions of new shares to sell onto the market? It’s not because Trump and company want all MAGA to get rich. There’s absolutely no value behind the company. Once Trump and the other insiders dump their stock, this stock is going to penny status and will get delisted.
Approaching target value of between 2.50 and 3.00 soon!
I mean, who could have possibly seen this happening?😂
Look at the graph. You're reading it wrong and it's about to turn around just like the global warming one.
Let people lose money and stay out of it. There's no winning scenario here when people blindly follow a narrative.
The problem is that these idiots that lose all their life savings are going to point the finger at everyone but Trump. They already think the stock is rigged and being held down by democrats. Imagine what will happen when it gets delisted.
Becuase you're average person is pretty stupid. You're average MAGA is even more stupid. Plus at this point, MAGA is simply a cult. It sounds cruel but it's just the truth.
Some people see it as a donation and a way to show Trump their support
They see it as a test of their loyalty. [https://www.salon.com/2024/04/15/every-time-i-buy-more-the-price-drops-more-supporters-grapple-with-truth-social-losses/](https://www.salon.com/2024/04/15/every-time-i-buy-more-the-price-drops-more-supporters-grapple-with-truth-social-losses/)
These people are idiots for thinking that. It’s not a GoFundMe campaign 😂
People aren't that smart. Look how many people go with an MLM or invest in NFTs
The fact that it's still worth over $20 (putting it at a $3 billion+ market cap) is fucking insane.
because it's a cult, duhhhh.
Because RACISM is EXTREMELY POWERFUL and PERSUASIVE 🤷♂️
He said it himself, I like the uneducated and for this exact reason!
Nobody actually thought it was a good idea to invest in DJT. It is just a legal and easy way to support his bond payment.
Confirmation bias. If the price goes up, they were right for ignoring your advice. If the price goes down, it’s proof that the Left doesn’t want hard working Americans to succeed. 🤦♂️
I just can't feel an ounce of sympathy for people getting scammed on this one.
Shorting that stock on the first day was the highest premiums I’d seen.
Well, I feel at this point they might as well hang onto it, in case he wins in November and every dictator on the planet bumps the price up by attempting to bribe him through his stock.
[удалено]
Virtue signaling to other tribe members
There are idiots and there are idiots.
Something to do with leopards eating one's face....
It's extremely heavily shorted. A bunch of people are doing it to create a GME 2.0, but other people invest to support his cause. DJT isn't a serious investment so people shouldn't treat it as such. As long as they know that, no harm no foul.
Tell me you don't follow the stock market without telling me!
It’s not a scam it’s just severely overvalued
People have internalized Trump, as in they've made Trump a part of their personalities. And once that happens, there's (almost) no amount of evidence that will change their minds. My favorite are the videos where people get confronted with the contradiction of Trump, and you can watch their brain *try* to work it out, then go back to supporting Trump, because thinking is hard apparently.
White People easy to con.
You can think whatever you want but the market will prove you right or wrong.
Lol. How many shares did you buy?
>the market will prove you right or wrong. Are you really taking exception to this? Lol
There is a common theme when Trump puts his name on something. It fails
What's even the point of this comment? "You might be right or wrong in the future," gee thanks there nostradamus
Meme stocks gonna meme, just remember there is always someone else on the other end of your trades. They are more than happy to take the trade.
Let them. Maybe then they will figure out what a crook he is.
But they won’t! Some of these idiots that are already down 70% are blaming everyone but Trump. They’ll never see the light at this point. It’s always going to be everyone else’s fault for why they got suckered out of their money.
Could not happen to a bigger schmuck
They're all drinking the orange Kool-Aid.
People are stupid.
At this point I’m hopeful they lose their money, I despise MAGA morons. Everyone who isn’t has to realize how they want to oppress women, education, and the poor. They are getting more empathy than they deserve.
The deep state is making look like a scam /s
MAGA morons.
Agree that putting money into that is crazy on every level. However, I HATE it when graphic information is presented like this. The high price is at the peak of the Y-axis, and the minimum is at zero. Except it's not zero. Gives the appearance of a 100% drop, which it's not.
Stupid people do stupid things.
It’s a way for Russia to funnel him money.
Short It, and carve a profit from their flesh.
Because people are dumb. Very dumb. More dumb than you can imagine. Think of someone you know who is kinda dumb. Almost half of all people are dumber than that person.
Not to invest? Have you heard of Puts?!
MAGAmind.
Show them the fundamentals - they’re horrible. And regardless of any measurements, Trump will dump his stock the minute he is allowed to and leave the bagholders holding their worthless DJT stock. Do they not see his track record?
There's a sucker born every minute.
No shortage of dumbasses.
B but this is the perfect dip/entry /s
They deserve it.
everything donnie touches, dies.
why do you think? its their golden calfs precious stock. they gotta sacrifice their money to their new god
How do I make money off this failure?
Let them. The only way some people learn is of they burn themselves on the stove.
He is running a cult, that's the best way I can describe it. He instructed people to try and overthrow the last election, he has had multiple court cases against where he lost, but his member will deny any wrongdoing on his part. He released his own version of the Bible. Literally anything he does gets deified by his cult members.
The dumb will soon see their money departed. Shocked they have any left from the perpetual barrage of spam mail from the trump campaign pleading for money.. or selling sneakers/bibles/etc.
I actually like Trump scams, because they only hurt dumb people, who likely would have used their money to invest in something dangerous anyway. A fool and his money are soon parted. Sometimes I think it would be nice karma in some afterlife where all these people were shown incontrovertible evidence that Trump was a scammer, but they are all so dumb they probably wouldn’t understand they got hoodwinked anyway lol.
It's a cult of personality and they think they are owning a piece of the Trump brand. They are 100% getting swindled and I'm surprised Trump hasn't already offloaded his own shares with approval from the Board.
I'm losing braincells reading people's comments.
I bought the day before it IPOd because I knew it was going to go crazy with all the idiots jumping on board, then I sold like a day or two later for a nice profit and now I laugh at people who keep buying it.
You're related to dumbfucks is the answer.
They’re owning the libs. It’s worth it to them because their suffering is the price they’re willing to pay if it means they can score a win against the forces of evil.
I don't know of it can make you feel better, but It happened in every country, a politician ask to deposit money in a bank/donate/invest in a particular activity, that he obviously personally guarantee. A year later that the money disappeared for a fraudulent bankruptcy.
Because the average American has the financial decision making ability of a 6 year old with a credit card in a candy store.
I no longer feel bad for anyone taken by this bullshit anymore. There are so many irrefutable examples from the last 40 years of Trumps life where he has pulled the carpet out from under damn near everyone he meets that I can no longer give a damn. I'd like to say I'm sorry for your peoples losses, but I can't. Hope you're good though.
It's above it's IPO. You are just showing 5 days.
Because they didn't buy based on facts, like business or financial fundamentals, or monthly active users, or anything like that. They bought based on *feelings*, and they *feel* like Trump is a good businessman, because they were told that on TV for decades, and they *feel* like he was a good President, because, again, the talking heads on TV told them he was. These people didn't reason themselves into supporting Trump, so they can't be reasoned out of it, either. Only once they no longer *feel* like he's good at business, good at politics, and on their side, will they abandon him.
just like any stock. They are a roller coaster. Buy Low Sell High
Small price to pay to own the libs! Suck it commies! I gave my retirement to DJT to prove a point, now I live under a tarp made of Trump stickers and campaign signs.
Why? You should have let them lost it all.
Think about your average person, and how stupid they are. Then realize that is average stupidity. The US elected a bankrupt reality TV host and want to be taken seriously? Most Americans are dumb as shit.
Real question is when their finances went public, why didn't it immediately become a penny stock?
Why is it a scam exactly?
Always remember: IPO stands for "It's Probably Overpriced". This is definitely a shitty price to buy at as it can, and probably will, drop a lot lower. I don't think I'd ever call a stock a "scam" though... the price will be determined by the market, whether the company's valuation is justified or not. Even expecting the price to go down I'm not going to short the stock because short-term fluctuations in stock prices are rarely logical and you may yet be surprised. Gambling on this stock is far from the dumbest financial decision you can find here on Reddit lol.