The last time a Trump company went public it didn't go well for investors

I certainly don,Bolshevik scum. And my party platform doesn't line up with the Communist Manifesto. Yours does
Wrong again, Red. Your Trumpist agenda lines up perfectly with your commie friends. You back Putin's reconstitution of the Soviet Union, and your Red leader, Trump, sends love letters to Kim Jong Un and he praises Chinese leadership. You all use Stalinist rhetoric and MAGA nuts quote Lenin. As I said look in the mirror, Red.
 
This thread is a 2024 candidate for most dishonest Dem thread of the year. IGNORES all the other casino's that went bust in Atlantic city. The impact of vampire sucking NJ taxes. The impact of large native American casino's that were built closer to people's homes killing the Atlantic city casino business. There are blocks of former casino properties now bulldozed flat in Atlantic city.

LYING Dems gonna LIE.

As its stock collapsed, Trump’s firm gave him huge bonuses and paid for his jet


It was promoted as the chance of a lifetime: Mom-and-pop investors could buy shares in celebrity businessman Donald Trump’s first public company, Trump Hotels and Casino Resorts.
Their investments were quickly depleted. The company known by Trump’s initials, DJT, crumbled into a penny stock and filed for bankruptcy after less than a decade, costing shareholders millions of dollars, even as other casino companies soared.

In its short life, Trump the company greatly enriched Trump the businessman, paying to have his personal jet piloted and buying heaps of Trump-brand merchandise. Despite losing money every year under Trump’s leadership, the company paid Trump handsomely, including a $5 million bonus in the year the company’s stock plummeted 70 percent.

 
Wrong again, Red. Your Trumpist agenda lines up perfectly with your commie friends. You back Putin's reconstitution of the Soviet Union, and your Red leader, Trump, sends love letters to Kim Jong Un and he praises Chinese leadership. You all use Stalinist rhetoric and MAGA nuts quote Lenin. As I said look in the mirror, Red.
And no new wars and the end to rocket launches from a maniac.
 
Wrong again, Red. Your Trumpist agenda lines up perfectly with your commie friends. You back Putin's reconstitution of the Soviet Union, and your Red leader, Trump, sends love letters to Kim Jong Un and he praises Chinese leadership. You all use Stalinist rhetoric and MAGA nuts quote Lenin. As I said look in the mirror, Red.
Stfu , far Left scum. Go live in North Korea
 
Donald Trump's social media company could go public as soon as next week, paving the way for a potentially huge windfall for a former president who raked in tens of millions of dollars the last time one of his companies was listed on a stock exchange.

That decades-ago previous experience, however, did not end well for the company or its investors. While a 2016 Washington Post review found that Trump made over $44 million, the company — Trump Hotels and Casino Resorts — lost more than $1 billion and ended up in bankruptcy.


This time around, there’s at least one similarity between the two ventures separated by decades. The newly merged company that’s set to go public, Trump Media, will be listed on the Nasdaq stock exchange with the letters DJT, Trump’s initials. Trump Hotels and Casino Resorts used the same stock ticker when it went public with great fanfare in 1995.

“It’s going public and we’re really very happy about it," Trump told reporters almost 30 years ago. "It's going to be a great day."

The Atlantic City, N.J., company lost money every year, but its stock prices did well — for a time. In the initial public offering, the company raised $140 million, selling 10 million shares at $14 each.

By 1996, the stock reached a high of $35 a share before plummeting later that year, in part because the company bought another casino for $100 million more than its estimated $400 million value, The New York Times reported in 2016.

www.nbcnews.com

The last time a Trump company went public it didn't go well for investors

Trump made millions in the 1990s when his casino company went public. Investors lost a fortune.
www.nbcnews.com
www.nbcnews.com

Remember when it was reported Trump hadn't paid taxes for years because he had a massive $1B in business losses to offset any money he made. If not for the hundreds of millions he made from a TV show pretending to be the successful businessman he never was in real life he might have had to declare bankruptcy for a 5th time.
The last time Potatohead stole an election from the American people it didn't go very well.

We got massive inflation, high energy prices, decreased family income, higher interest rates, millions of Illegal welfare queens, an incompetent DEI military leadership, a trillion dollars of debt every 100 days, the most corrupt President ever and the country turned into a corrupt oppressive Banana Republic.
 
Stfu , far Left scum. Go live in North Korea
LOL You're the "leftist scum." Trump and MAGAs praise Kim, and you all can't get enough of the former KGB officer Putin.

Honestly, you would be a hell of a lot happier in a commie state where there is no dissent and you follow the party line. That is what MAGA wants after all.
 
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He couldn't do it through a traditional IPO because no reputable investment house would get behind it. The company has very little in the way of revenue and no earnings. He had to do it through a SPAC.
SPAC may last 6 months. Thats when he can start selling off his shares.
 
Rumor is that Donald the dooshbag is losing his grip on reality. Can you say criminal trial?

Yeah, I can see those shares ending up as penny stocks.
 
Many of those who lost money were Main Street shareholders who believed in the Trump brand, such as Sebastian Pignatello, a retired private investor in Queens. By the time of the 2004 bankruptcy, Pignatello’s 150,000 shares were worth pennies on the dollar.

“He had been pillaging the company all along,” said Pignatello, who joined shareholders in a lawsuit against Trump that has since been settled. “Even his business allies, they were all fair game. He has no qualms about screwing anybody. That’s what he does.”
 
LOL you explain all the other Trump era casino's that went bust fool. Now crawl back under your slimy rock.
Only the best survived. Trump was not close to be the best casino operator in Atlantic city.
How can he be expected to run the USA when they can't run a casino.
 
SPAC may last 6 months. Thats when he can start selling off his shares.
But he controls the board so he could essentially give himself permission to sell shares before 6 months.
 
Truth Social is being marketed to Trump’s MAGA marks. Trump knows his marks will buy the stock and cause it to rise. Like he did with Trump Casinos he will leave with a windfall and leave his marks broke when the stock inevitably crashes. While Trump is making his windfall he will claim he is the victim of some injustice.

The MAGA marks not to be undone will continue to send Trump what’s left of their life savings because Trump is always the victim.
They'll also empty the kid's college fund for the biggest grifter in history.

Trump is expert at cleaning up as everyone else is left holding the bag.
 
Very few people are willing to lie and cheat, to take advantage of the system. the amount Trump does. He has no morals or ethicds.
He could be the greatest con man in history.
Being a former POTUS & about to be nominated again with all the power that entails & very well may be attained again he's worse then Madoff ever thought of being.
 
The newest and dumbest of Don's dupes are already down 28% on their investment in the worthless paper he foisted on Wall St.
 

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