Swindlers are just gonna swindle - 'Truth Social' would make a great Soap Opera script!

[sekker]

'The former CEO of the Digital World Acquisition Corp. (DWAC) — the special purpose acquisition company that was created to purchase the Trump Media & Technology Group — is suing his successor for allegedly hacking his private accounts as part of a “coup d’etat.” '

https://www.theverge.com/2024/4/10/24126...rump-media

[DeusxMac]

Clearly, there is NO honor among thieves.

[pdq]

So far today, DJT continues its losing ways. When the market is flat, DJT is down ~5%.

[hal]

pdq wrote:
So far today, DJT continues its losing ways. When the market is flat, DJT is down ~5%.

at the end of day, the markets end very strong

Wilshire 5000 + .9%
NASDAQ + 1.7%
Russell 2000 + .66%
S&P + .74%

DJT - %5.4

[GGD]

Mr645 04/01/2024 $48.66 wrote:
$5.3 billion market cap

Another failure LOL

Mr645 04/02/2024 $51.60 wrote:
Up 6% today, Market cap of $5.86 billion.

But what's a few hundred million dollars between friends

Mr645 04/06/2024 $40.59 wrote:
Settling around $40 share, $5.5 bil market cap, 57% owned by Trump.

So Trump made $3.1 billion so far. Looser LOL!!

Trumps hovering around #350 worlds richest person. Passed Mark Cuban

04/09/2024 $37.34

Passed Mark Cuban again, on the way down...

https://finance.yahoo.com/news/donald-tr...52313.html

The former president has fallen off the Bloomberg Billionaires Index as his net worth has dropped below the $5.8 billion required to make the cut. Forbes' rich list pegs Trump's total wealth at $4.8 billion, ranking him 659th in the world.

Trump held a top 300 spot on Bloomberg's index only a few days ago, ahead of the likes of George Soros, Mark Cuban, Giorgio Armani, Reed Hastings, and Bernie Marcus.

04/11/2024 $32.41

[sekker]

600,000 retail investors are all losing money right now.

The story is that many of the other shareholders are dumping the stock.

His Orangeness has ~5 more months of lock out before he can directly sell.

I still think he's leveraged his equity to pay his legal fees and fines in other cases.

At this point, it's lost 50% value in 30 days.

Halflife per month.

At this rate, it will half in value 5 more times, or be down to about 0.015 peak value. Might end at around $100M, with the leading shareholder owning a little more than half.

[Speedy]

I expect the board of directors to allow Trump to dump his stock soon, therefore not having to wait six months.

[sekker]

Speedy wrote:
I expect the board of directors to allow Trump to dump his stock soon, therefore not having to wait six months.

I was thinking the same.

But there ARE rules around such a step, and those could block any sale by locking any such proceeds until court filings release them. That would be well past the election.