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vegeta@lemmy.world to News@lemmy.world · 9 months ago

Trump Media reports $16 million loss for quarter as revenue falls

www.cnbc.com

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Trump Media reports $16 million loss for quarter as revenue falls

www.cnbc.com

vegeta@lemmy.world to News@lemmy.world · 9 months ago
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  • minibyte@sh.itjust.works
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    9 months ago

    I think there’s a lock out period for him following the merger but I don’t know for how long. There’s still time for the stock (DJT) to plummet, with any luck.

    • fine_sandy_bottom@lemmy.federate.cc
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      9 months ago

      6 months. From April I think, so that would mean he can sell in October.

      The share price is absurd. Idiots buying because they want to support trump somehow. The shares are worthless but hapless idiots will pay stupid prices for them.

      He will start selling as soon as he can. I expect there will be a steady downward trajectory but who knows how fast and how low.

      • tal@lemmy.today
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        9 months ago

        I bet that he blames “market manipulation” or something to his followers when he sells.

        • barsquid@lemmy.world
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          9 months ago

          Crooked Joe Biden directly attacked the stock price somehow.

          • ChickenLadyLovesLife@lemmy.world
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            9 months ago

            No, Lyin’ Kamabla is behind it now.

        • eestileib@sh.itjust.works
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          9 months ago

          DRS your Trump Media!

      • Socsa@sh.itjust.works
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        9 months ago

        It’s definitely not retail investors. The entire thing very obviously a back channel for the mob and Russians to pay Donald Trump for various things by propping up the share price.

        • nilloc@discuss.tchncs.de
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          9 months ago

          Trump hotel 2.0. With less expenses.

      • Pacmanlives@lemmy.world
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        9 months ago

        Which means there be a massive pump in September/early October and then dump

        • fine_sandy_bottom@lemmy.federate.cc
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          9 months ago

          I don’t think it will be quite so pronounced. Trump has a majority holding so he will have to drop comparatively small holdings whenever he can do so without tanking the price.

      • Pumpkin Escobar@lemmy.world
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        9 months ago

        Easiest shorting money I ever made.

      • TehWorld@lemmy.world
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        9 months ago

        Foreign governments are certainly propping up shares.

    • FuglyDuck@lemmy.world
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      9 months ago

      It was a few months, but I think it’s about to expire.

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