Trump’s Net Worth Falls by $1 Billion as His Media Company’s Stock Plunges
Trump’s Net Worth Falls by $1 Billion as His Media Company’s Stock Plunges
It turns out a company with $4 million in revenue and $58 million in losses might not be worth $8 billion, after all.
the company is still worth over $6 billion on paper
But is it, though? 🥴
117 4 Reply"on paper". You only add this in when everyone knows it's not actually true, but someone wrote it was.
52 0 ReplyI imagine that refers to market cap
25 0 Replyits market cap is entirely fraudulent.. not only did the company lose money last year, it only brought in $4 million in revenues.. this wild IPO valuation is indicative of fraud of some kind.. probably plain old money laundering..
57 2 ReplyEither that or it's written on some very expensive paper. Not sure what material would be worth that much at A4 and 8.5x11 sizes.
3 0 Reply
Cool, so he's worth what, -$2 billion?
61 1 ReplyLess actually. Worthless.
12 3 ReplyI think you need to double check your math. -2,000,000,000 < 0
16 1 Reply
Yet he couldn’t afford his bond money.
8 2 Reply
This article is out of date. It fell by a lot more than that by close of the market.
50 0 ReplyI love stories with happy endings.
48 1 ReplyIt's still worth billions, and more than it was initially offered at.
Until it drops to $2 and/or is delisted, it's not a happy or even amusing ending.
1 0 Reply
Market Cap = $6.069 B (because the screenshot cut it off)
21 0 Reply
Correction: Trump's stated net worth now more closely aligns with his actual worth ($0)
40 0 ReplyFirst World Jerk problems.
36 0 ReplyI almost bought puts.
Realized I lack the knowledge.
So I chose not to.
29 0 ReplyIf you bought puts at the wrong time, you would have lost money, and then you would be doubly upset when it actually cratered.
1 sad is better than 2 sad + poor.
34 0 ReplySmarter than most even if that ends up the right call in hindsight.
The market can remain irrational, etc
17 1 ReplyI'll bet puts were really, really expensive.
9 0 ReplyYea I have no idea how they work so probably. 😅
4 0 Reply
treat yourself to something you don't eat or drink often.. really good Scotch or something.. train that ape brain to enjoy smart..
1 1 Reply
Classic pump n dump
25 1 ReplyPump n trump
Or would it be trump and dump?
10 0 ReplyDumb and dump
2 0 Reply
The ‘ol Trump Pump Dump
23 0 ReplyIt's still up way over its fake IPO
19 0 ReplyI didn't know he was worth shit after all the shit we have been seeing.
12 0 ReplyThey made up that worth a couple of days ago. To be honest, it needs to drop another $5B.
12 0 ReplyI wonder if he'll try to grab his stocks in the groin when they're trading on the pink sheets.
11 0 ReplyHa Ha!.gif
10 0 ReplyLet's see how long MAGA can hold
4 0 ReplyDiamond hands! Or some dumb shit.
1 0 Reply
Can't lose what you never had.
2 0 Reply