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

[0311]

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.

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

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.

P01135809's history with taking a company public has news. More often as not they crash and burn. Not mention the casino's he bankrupted. He is a shitting business man.

 

[surada]

Do you feel like an idiot fore covering for a thief?


Trump came away with 44 million dollars, the corporation lost over a billion dollars, the company went bankrupt, the bankruptcy resulted in many small businesses not getting paid for services and goods provided and the stock holders cane away with stock worth nothing.

Trump knows how to play the system. Trump comes away with millions while thousand lose money on his business.

https://www.fastcompany.com/91068535/truth-social-profit-dwac-stock-merger-date-nears-spac-risky-track-record

Initial estimates indicate that Trump himself could reap billions from the SPAC transaction. But investors who may be looking to likewise cash in on any MAGA-fueled market movements this week might first want to consider the track record of SPAC-related stock performances. Because SPAC returns have, in many respects, often left investors holding the bag.

SPAC mergers, which act as a sort of backdoor way for companies to list their stock on a public exchange while eschewing the traditional IPO process, were immensely popular in 2020 and 2021. During those two years, more than 850 companies went public via SPAC mergers, according to data from SPAC Insider. But they’ve since fallen out of favor, with only 31 SPAC mergers last year, and five so far in 2024.

 

[Cellblock2429]

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.

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

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.

/——/ How many car companies did Henry Gord start before one took off? How many experiments did Edison perform before he made the incandescent light bulb? How many rockets blew up on the launch pad before NASA got one in orbit?
Need I go on?

 

[Cellblock2429]

P01135809's history with taking a company public has news. More often as not they crash and burn. Not mention the casino's he bankrupted. He is a shitting business man.

/——/ “Not mention the casino's he bankrupted. ”
You are either distorting the facts or are too dimwitted to understand what happened to Atlantic City.

 

[beautress]

The IRS never have taxed losses. But that doesn't stop the ugly on an ape Democrat from giving their political opponent a good black eye with lies in an election year. On Biden's watch Democrats are doing dirt to key voters of their conservative opponents.

It's getting to be a petty power grab no United people can withstand.

 

[berg80]

Trump Demands Truth Social Co-Founders Cough Up Their Shares in Lawsuit

Donald Trump has sued his co-founders behind Truth Social in an attempt to take over their shares in the company, alleging they bungled their duties and aren’t worthy of holding stake in the company.

That lawsuit, first reported by Bloomberg, was filed on March 24 in a Florida state court against Andy Litinsky and Wes Moss—ex-business associates of Trump who own an 8.6 percent stake in the company, currently valued at approximately $606 million. Trump wants that number to be zeroed out, his attorneys wrote.

It comes on the heels of Litinsky and Moss suing Trump themselves in a Delaware court in February, claiming the former president and other execs schemed to deprive them of their rightful stake in the company.
https://www.thedailybeast.com/trump...-co-founders-cough-up-their-shares-in-lawsuit

Because..........of course he is.

 

[BluesLegend]

LOL so enraged Democrats boot Trump off all social media...only for Trump to make another $4 billion taking his own social media company public and Elon Musk buying out Twitter now there's two Trumps bitch slapping the left.

 

[Cellblock2429]

Trump Demands Truth Social Co-Founders Cough Up Their Shares in Lawsuit

Donald Trump has sued his co-founders behind Truth Social in an attempt to take over their shares in the company, alleging they bungled their duties and aren’t worthy of holding stake in the company.

That lawsuit, first reported by Bloomberg, was filed on March 24 in a Florida state court against Andy Litinsky and Wes Moss—ex-business associates of Trump who own an 8.6 percent stake in the company, currently valued at approximately $606 million. Trump wants that number to be zeroed out, his attorneys wrote.

It comes on the heels of Litinsky and Moss suing Trump themselves in a Delaware court in February, claiming the former president and other execs schemed to deprive them of their rightful stake in the company.
https://www.thedailybeast.com/trump...-co-founders-cough-up-their-shares-in-lawsuit

Because..........of course he is.

/——/ So? Did you ever consider Trump has a legitimate beef? Maybe he does, maybe he doesn’t. Let the lawyers and judge sort it out.

 

[Clipper]

SPAC may last 6 months. Thats when he can start selling off his shares.

Hopefully by then it will be a penny stock.

 

[Clipper]

/——/ So? Did you ever consider Trump has a legitimate beef? Maybe he does, maybe he doesn’t. Let the lawyers and judge sort it out.

Trump just posted another vid attacking Judge Merchan's daughter.

Lock that son of a bitch up.

 

[Cellblock2429]

Trump just posted another vid attacking Judge Merchan's daughter.

Lock that son of a bitch up.

/——/ Yes, lock the judge up

 

[JoeB131]

/——/ How many car companies did Henry Gord start before one took off? How many experiments did Edison perform before he made the incandescent light bulb? How many rockets blew up on the launch pad before NASA got one in orbit?
Need I go on?

Except Trump isn't inventing anything. Social Media platforms are things that already exist.

Hey, remember Parler? And how it was going to be the Facebook/Twitter alternatives. Apparently, it got shut down and nobody even noticed it.

Truth Social will be done five minutes after Trump loses in November.

 

[otto105]

The unemployable, shit-eating rodents have been instructed to be concerned about billion dollar investors.

It's goes with their concern over the multi-billion dollar financial institutions that loaned Trump money and got repaid with interest and want to do business with him again.

Poor widdle Trump haters.... so much mind-numbing hate.... so little time to hang themselves on a chain link fence.....


View attachment 921261

djt

Still in free fall...

 

[JoeB131]

djt

Still in free fall...

 

[two_iron]

djt

Still in free fall...

Yeah, the DJ Index is down 1824 points this month. A complete free fall thanks to your stuttering pedo shit clown. Americans have lost trillions in wealth in the last 2 weeks because of that bed-shitting fucktard.

In case you didn't know, ALL stocks tank when the overall markets slide into the sewer.

Dumbfuck.

 

[otto105]

Yeah, the DJ Index is down 1824 points this month. A complete free fall thanks to your stuttering pedo shit clown. Americans have lost trillions in wealth in the last 2 weeks because of that bed-shitting fucktard.

In case you didn't know, ALL stocks tank when the overall markets slide into the sewer.

Dumbfuck.

Is any market down 50%

 

[BluesLegend]

Truth Social will be done five minutes after Trump loses in November.

Truth Social will outlive all the nut job Dems alive today. Trump's heirs will be worth 10's of billions.

 

[JoeB131]

Yeah, the DJ Index is down 1824 points this month. A complete free fall thanks to your stuttering pedo shit clown. Americans have lost trillions in wealth in the last 2 weeks because of that bed-shitting fucktard.

In case you didn't know, ALL stocks tank when the overall markets slide into the sewer.

Dumbfuck.

1824 isn't a 5% shift for the Dow.

DJT has lost 60% of it's value in two weeks.

 

[otto105]

Truth Social will outlive all the nut job Dems alive today. Trump's heirs will be worth 10's of billions.

Hilarious

Keep buying the stock fuckup.

 

[two_iron]

1824 isn't a 5% shift for the Dow.

DJT has lost 60% of it's value in two weeks.

DJT closed at $16.92 on 11 Jan 2024. DJT closed today at $32.59.

It's doubled in value in 3 months. What other stock has done that?

I'll wait.