Trump Media alerts Nasdaq to potential market manipulation from 'naked' short selling of DJT stock
Trump Media alerts Nasdaq to potential market manipulation from 'naked' short selling of DJT stock
Do you guys really want them to look into your stock being manipulated? Because I think there might be some investigation in the IPO being massively overvalued...
It wasn't an IPO, though. DWAC (a company which was formed specifically to acquire other companies) acquired Truth Social at what everyone thinks is a massively overvalued price.
All this short selling isn't institutional investors duping retail investors, it's institutional investors realizing how thoroughly DWAC screwed its retail investors by engaging in this deal solely to transfer wealth to Donald Trump. The Financials simply don't make sense, and the institutions know it.
And the weird part is, even though there are a lot of lawsuits right now around Truth Social and DWAC, I don't think a single one is from an investor. Because those investors have been duped into believing that all the facts around the acquisition are lies, even though the financial filings paint the picture directly.
If a $30 million business get valued at over a billion dollars, I'd short sell it too. Trump probably did too.
Trump is supposedly banned from selling it for six months. Do I think he has a way around that, yes.
Lololol "our company sucks and the stock price is tanking, find something else to blame!"
I guess the narrative here that Trump feeds to the retail stockholders is going to be that he was going to make everyone wealthy and that it was a great buy but that evil nasty short sellers ruined the party.
In all seriousness, it boggles me how everything that guy touches winds up with some level of trying to mislead people.
Why does it boggle you? He's always been an unapologetic con man.
What's boggling is people keep believing his bullshit.
Also, boggle has now lost all meaning to me.
I'm afraid that this is all he is as a person. He doesn't actually do or produce things, he pretends to do so and fleeces money from sycophants in the process.
The stock market is a casino where the whales are allowed to put extra aces in their hand when they make a large enough bet.
And everyone else only gets to play the slot machines, with no insight into their odds.
Trump Media CEO Devin Nunes
MoooooOOOOoooooooo!!
Don't have a cow, man!
GME gang if something is actually done about it
"Really?"
That would become my villain origin story for real
Makes the Stock Market look like a scam to every normal person. Hurts the idea of ever investing or trusting any institution that is involved in investing. So yes a massive investigation of everything about this is warranted. It should be done by Congress, and Federal investigators.
Good. The stock market is a scam and we should get rid of it, mandating that all profit dividends be evenly distributed among the workers instead.
Frankly, we need to severely curtail limited-liability corporations to begin with. Not only are they sure as Hell not "people," incorporation was supposed to be a privilege granted in exchange for the company accomplishing some specific goal for the the public good!