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

[berg80]

/----/ So?

The report means you should buy all the stock you can afford.

 

[Cellblock2429]

The report means you should buy all the stock you can afford.

/---/ I would if I were a dumbass investor like you. I made $60,000 on DJT, DWAC, and DWACW just this year. I'm out of DJT for the foreseeable future.

 

[Lesh]

Anyone investing in Trump anything should have his head examined

 

[Billiejeens]

Anyone investigating in Trump anything should have his head examined

Yes
They have investigated him beyond any rational reason.

 

[g5000]

Trump has always lived on a house of cards.............Gold painted, of course to fool the gullible.

That part on the basketball court absolutely nailed the Trump phenomenon.

The Ivanka lookalike in bed is priceless.

 

[LAUGHatLEFTISTS]

It's like the man getting new lawyers to sign on, after his previous lawyers are known to be chasing him for payments.

Some lawyers steal from Trump. Like your star witness and perpetual perjurer cohen.

 

[Procrustes Stretched]

Some lawyers steal from Trump. Like your star witness and perpetual perjurer cohen.

Seeing how much the Trump family has stolen through their faux charities, I'd say -- who friggin' cares.

 

[Procrustes Stretched]

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's that Trump media doing now? Heard some news in the background today.

 

[Procrustes Stretched]

Interesting thread.

I have a countervailing notion:

The last time a Lefty predicted things would things would go badly for the Don it didn't end well for them.

Actually, the last 1,000 times.

https://www.cnbc.com/2024/05/21/djt-trump-media-stock-falls-after-big-q1-loss.html

 

[LAUGHatLEFTISTS]

The MAGAts are absolutely obsessed with the big MAGAt.

Some might believe those who post about Trump everyday for the past eight years are the obsessed ones.
I could be wrong.

 

[bendog]

Have the mooks stablized Truth Social's price by simply buying it? LOL

 

[LAUGHatLEFTISTS]

Maybe, maybe not. But if he is elected, I will work within the system to rid our country of Trump and all MAGA politicians.
I will not act outside the law like MAGA. They are trying to ruin our country, but they will not. I guarantee, whether Trump is elected or not, it is only a matter of time before MAGA will be put in their place with KKK, neonazis and white supremacists. A shit stain on US history.

Nope. You’ll do what your told as always.

 

[whitehall]

The Trump organization built things and met a payroll and paid good wages. Biden never had a job that wasn't paid by taxpayers. Which one do you trust to handle the economy, the capitalist or the socialist?

 

[LAUGHatLEFTISTS]

Seeing how much the Trump family has stolen through their faux charities, I'd say -- who friggin' cares.

Juries care dumb fuck.

 

[Billiejeens]

Seeing how much the Trump family has stolen through their faux charities, I'd say -- who friggin' cares.

That didn't happen.

 

[Mac1958]

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.

No one who voluntarily goes anywhere near this person can complain when things go south and they're soiled.

 

[Procrustes Stretched]

Juries care dumb fuck.

And if the jury in NYC delivers a guilty verdict?

 

[Billiejeens]

And if the jury in NYC delivers a guilty verdict?

Overturned on appeal.

100%

 

[BluesLegend]

Overturned on appeal.

100%

The Trump SCOTUS has the final word so Dems are screwed. SUCK IT Dems you assholes!

 

[Billiejeens]

The Trump SCOTUS has the final word so Dems are screwed. SUCK IT Dems you assholes!

I don't see them getting that far.