Nope, absent information of a conspiracy to scupper the listing it isn't. If the conspiracy nexus is found then, yes, it would be illegal.
But that isn't capitalism.
Truth Social Shares Go Into Freefall After Investors Learn How Much Money It Really Makes
- Thread starter skews13
- Start date
But that isn't capitalism.
Tommy Tainant
Diamond Member
Its a scam. Capitalising on the stupidity of trumpers. Lets hope that they learn their lesson. Meanwhile its as funny as.....................
Sure it is you loon...
mamooth
Diamond Member
Company officials making false statements to keep a stock price high is quite illegal.
And Trump did it.
No, the SEC won't charge him, because he's a rich white guy. But stockholders who lost money can sue the bejeseesus out of such companies. And they're lining up to do so.
As far as shorting TS stock ... it's very difficult to do now. Everyone knows it's going to crater. Borrowing costs for a short are typically around 1%, but they're up around 900% for that stock. Those buying it think they can use such outragious rates to cover the cost of the collapse.
And Trump did it.
No, the SEC won't charge him, because he's a rich white guy. But stockholders who lost money can sue the bejeseesus out of such companies. And they're lining up to do so.
As far as shorting TS stock ... it's very difficult to do now. Everyone knows it's going to crater. Borrowing costs for a short are typically around 1%, but they're up around 900% for that stock. Those buying it think they can use such outragious rates to cover the cost of the collapse.
What Hollywood sickos? Did you just make that up?
Rambunctious
Diamond Member
- Jan 19, 2010
- 78,410
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Godless Hollywood elites....
john doe 101
Platinum Member
- Sep 6, 2021
- 17,721
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With their own money involved, Red Hats couldnt possibly invoke conspiracy theories to explain away the drop in DJT, right? Well, of course you'd be wrong.
www.yahoo.com
Small-time investors in Trump’s Truth Social reckon with stock collapse
Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 - pretty much his...
john doe 101
Platinum Member
- Sep 6, 2021
- 17,721
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- 1,138
Down another 15% this morning after announcement about issuing more shares lol.
XponentialChaos
Diamond Member
- Jul 25, 2018
- 31,564
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This thing has been falling like a rock.
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