Trump Media stock falls below $20 per share, a first since company went public

Thats the best part! He can take out loans against that as collateral. Then when he inevitabley defaults and the banks finally acknowledge the collateral is worthless, we bail out the banks! Capitalism!

Not if there's a state actor or two to keep buying. I wonder who that would be...

But it won't matter because he'll have already sold. Well, it won't matter to him.

Since the stock price is based on fee-fees, grift, bribery, and money laundering - there is absolutely no reason to think this is true.

But he can still borrow against the value of those shares.

That’s how these parasites afford all their private jets and other insane luxuries. They just pull out loans against the value of their stock holdings, pay accountants to make sure it’s never a problem, and essentially spend their money while keeping it too.

It’s insane, because they essentially never have to pay taxes on anything but their personal income, and then you have grifters like musk who don’t even take salaries and just live off the loans.

I recently approached a friend asking that they seriously consider whether we would have moral issues against getting in on the grift. There was that asshole who sold patriot beer for a huge, shitty markup when the budweiser thing happened. It wasn't even good beer. I said that we could put in incredibly little effort and make money off these rubes. My logic was that they were going to purchase stupid products like that anyway, so why not get their money ourselves.

We went back and forth on it. We concluded that we'd only create products that 1. did no harm to marginalized groups and 2. would end up leading cultists to tell on themselves. We agreed to let the idea percolate to see if we thought there were good opportunities worth our time.

An example of telling on themselves might be a tshirt that says, "Guess I'm deplorable," if it were 2016. We kicked around some contemporary phrasing. Nothing has been worth making the effort, so far.

They are rustlers, cut throats, murderers, bounty hunters, desperados, mugs, pugs, thugs, nitwits, halfwits, dimwits, vipers, snipers, con men, Indian agents, Mexican bandits, muggers, buggerers, bushwhackers, hornswogglers, horse thieves, bull dykes, train robbers, bank robbers, ass-kickers, shit-kickers and Methodists.

Yep. It's just another scam. Someone has to want to buy it from him. Those people will be left with something worthless, and Trump will walk away with their money.

Not unlike how he's made a lot of his other money.

Unless nobody buys and the company debts are more than assets. In which case its worthless and he bankrupts another company.

Currently its burning through a lot of money with minimal income, despite not developing their own software.

It will go up and then he will sell and it will go back down. It won't go up when he sells. He's going to get it to pump