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

[berg80]

Trump Media stock slides under $18, a new low since it began publicly trading​

https://www.cnbc.com/2024/09/03/djt-trump-media-stock-low.html

The X accounts of two family members of Republican presidential nominee Donald Trump appeared to have been hacked Tuesday in order to promote a scam aimed at cashing in on the Trump family’s nascent crypto venture.

The hacks come as the former president prepares to release his crypto policy platform, and his campaign wrestles with the fallout of a foreign cyberattack.

Shortly after 8:15 p.m. ET, the X account belonging to Trump’s daughter-in-law, Republican National Committee co-chair Lara Trump appeared to announce that the digital currency project, dubbed World Liberty Financial, had been launched.

The account provided several links to Trump’s 1.7 million followers to a coin and websites claiming to be “the only official channels of World Liberty Financial.”

One minute later, Donald Trump’s youngest daughter, Tiffany Trump’s X account also posted an endorsement and a website link.

The website linked to in the Trump family posts had been created earlier in the day Tuesday and registered via an anonymous domain hosting platform called Njalla Okta LLC, according to domain lookup site WhoIs.com.

https://www.cnbc.com/2024/09/04/trump-crypto-launch-hack-election.html

Who could possibly have guessed there'd be some nefarious activity surrounding another trump venture.

 

[Cellblock2429]

Trump Media stock slides under $18, a new low since it began publicly trading​

https://www.cnbc.com/2024/09/03/djt-trump-media-stock-low.html

The X accounts of two family members of Republican presidential nominee Donald Trump appeared to have been hacked Tuesday in order to promote a scam aimed at cashing in on the Trump family’s nascent crypto venture.

The hacks come as the former president prepares to release his crypto policy platform, and his campaign wrestles with the fallout of a foreign cyberattack.

Shortly after 8:15 p.m. ET, the X account belonging to Trump’s daughter-in-law, Republican National Committee co-chair Lara Trump appeared to announce that the digital currency project, dubbed World Liberty Financial, had been launched.

The account provided several links to Trump’s 1.7 million followers to a coin and websites claiming to be “the only official channels of World Liberty Financial.”

One minute later, Donald Trump’s youngest daughter, Tiffany Trump’s X account also posted an endorsement and a website link.

The website linked to in the Trump family posts had been created earlier in the day Tuesday and registered via an anonymous domain hosting platform called Njalla Okta LLC, according to domain lookup site WhoIs.com.

https://www.cnbc.com/2024/09/04/trump-crypto-launch-hack-election.html

Who could possibly have guessed there'd be some nefarious activity surrounding another trump venture.

/----/ So?

 

[ElmerMudd]

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.

People who think Donald Trump is a successful business person do not know what a successful business person is.
Trump has scammed the system more than any welfare cheat.

 

[JoeB131]

/----/ So?

So wasn't such a great investment for the MAGAts, was it?

Maybe there's a lesson to be learned there.

 

[Cellblock2429]

So wasn't such a great investment for the MAGAts, was it?

Maybe there's a lesson to be learned there.

/—-/ I made over $45,000 trading DWAC, the warrants, and DJT. So the lesson you should learn is never let your politics influence your investments.
And before you thumbs down, or Fake News my post, I posted screenshots of my trades earlier in the year, so I don’t care what you believe.

 

[Zincwarrior]

/----/ So?

Another Trump business failure. Rubes!

 

[JoeB131]

/—-/ I made over $45,000 trading DWAC, the warrants, and DJT. So the lesson you should learn is never let your politics influence your investments.
And before you thumbs down, or Fake News my post, I posted screenshots of my trades earlier in the year, so I don’t care what you believe.

Fake News...

Meanwhile, in the real world.

 

[JoeB131]

Another Trump business failure. Rubes!

I smell an SEC investigation when this is all said and done.

 

[Zincwarrior]

I smell an SEC investigation when this is all said and done.

Nothing will happen. No riches were harmed in this fleecing.

 

[ElmerMudd]

/—-/ I made over $45,000 trading DWAC, the warrants, and DJT. So the lesson you should learn is never let your politics influence your investments.
And before you thumbs down, or Fake News my post, I posted screenshots of my trades earlier in the year, so I don’t care what you believe.

You realized the stock was way over valued and was likely to plummet. History shows Trump company stocks have been a failure. Like this one, Trump came away with a lot of money and the investors lost money.

Good for you doing your homework on Trump's failed business dealings.

 

[John Edgar Slow Horses]

Come on, MAGAts, buy Trump.

 

[berg80]

I made over $45,000 trading DWAC, the warrants, and DJT.

‘Substantial doubt’ Trump’s Truth Social will survive, accountants warn​

https://www.cnn.com/2023/11/14/business/trump-truth-social/index.html

 

[Cellblock2429]

‘Substantial doubt’ Trump’s Truth Social will survive, accountants warn​

https://www.cnn.com/2023/11/14/business/trump-truth-social/index.html

/——/ So? I made my money and moved on. For a few weeks I traded SMCI on the AI wave, then moved on from that.
I wish Trump well in his business but no longer trade the stock.
You got anything else to harp on?

 

[0311]

Fake News...

Meanwhile, in the real world.

View attachment 1006341

View attachment 1006342

Dropping like a stone.

 

[Lesh]

/——/ So? I made my money and moved on. For a few weeks I traded SMCI on the AI wave, then moved on from that.
I wish Trump well in his business but no longer trade the stock.
You got anything else to harp on?

Whichever MAGA nut you sold it to got massively fleeced

 

[okfine]

Whichever MAGA nut you sold it to got massively fleeced

Completely ethical, am I right?

 

[Lesh]

Completely ethical, am I right?

Technically. But MAGA types fleecing other MAGA types makes me giggle

 

[ElmerMudd]

/——/ So? I made my money and moved on. For a few weeks I traded SMCI on the AI wave, then moved on from that.
I wish Trump well in his business but no longer trade the stock.
You got anything else to harp on?

No, you were smart enough to realize the type of investment Truth Social is.
You wish Trump well. I wish the Trump investors well in that they need to judge the investment based on current analysis of the business and the stock price. I wish them well in researching what has happened with Trump's previous public offerings of his companies. Do not make an investment because you like and believe what Trump says.

 

[berg80]

I made my money and moved on.

Spoken like a bag holder who got burned because...........cult.

 

[otto105]

Spoken like a bag holder who got burned because...........cult.

He’s also an internets gzillionaire