So, if you follow Donald Trump at all, then you have undoubtedly heard of his social media platform, Truth Social. It was launched in 2021 after Trump was banned from almost all other social media platforms following the events of January 6th.
Truth Social had a brief moment in the sun earlier this year:
https://www.npr.org/2024/04/23/1246645808/truth-social-shares-windfall-trump-media-technology-group
Former President Trump is set to get $1.2 billion richer β at least on paper.
The windfall comes thanks to being rewarded with an additional 36 million shares in Trump Media & Technology Group, the company behind his Truth Social app.
The shares are a bonus provided to him after Trump Media traded above a certain level for a set number of days.
Well, that moment - which was only last April - is long over now.
Truth Social stock is now crashing almost as hard as Trump will in this year's presidential election:
In other words, a typical Trump business endeavor.
To be fair, though, Truth Social wasn't all bad. I mean, hey, it got Devin Nunez out of Congress.
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so...where's the seethe?
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in the mind of
@MoonMetropolis when he masterbated furiously to the idea of chuds caring about stocks at all LMAO
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No way he made the stock ticker DJT![:marseyxd: :marseyxd:](https://i.rdrama.net/e/marseyxd.webp)
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Of course he did. He is the living, breathing embodiment of narcissistic personality disorder.![:marseyattentionseeker: :marseyattentionseeker:](https://i.rdrama.net/e/marseyattentionseeker.webp)
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Reddit has real societal value here. This isn't just horsing around online, the internet is life and these communities matter.
Snapshots:
https://www.npr.org/2024/04/23/1246645808/truth-social-shares-windfall-trump-media-technology-group:
ghostarchive.org
archive.org
archive.ph (click to archive)
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Snappy says buy Reddit stock instead![:marseychartuptrend: :marseychartuptrend:](https://i.rdrama.net/e/marseychartuptrend.webp)
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Interestingly reddit is also down by 13% on the same time frame. Hedgies sell a lot of shit over the summer so they don't have to worry about getting rugged hard when they are out doing rich people shit like fricking children on Caribbean islands or golfing with Rothschilds.
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Sell in May
, don't go back until St Leger day
.
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I'm pretty sure he already made his money off of Truth Social.
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Indeed he did... and now it's gone.![:marseyxd: :marseyxd:](https://i.rdrama.net/e/marseyxd.webp)
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They ask to dilute the stock and it got approved. This was the only outcome. Not sure what shareholders were expecting
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Did Trump cash out yet? I think there was some kind of time period he had to hold it for
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Is this him selling off all that stock he previously bought to get that bonus?
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