Former President Donald Trump is on the cusp of scoring a major financial bonanza – at least on paper.
As long as Trump Media & Technology Group’s share price doesn’t spectacularly implode before Tuesday’s closing bell, Trump is on track to receive another 36 million shares as the owner of Truth Social.
This milestone is on track to be hit after the market closes on Tuesday.
Even though Trump Media is losing money and Truth Social is very tiny, those new shares Trump is in line to receive would be valued at about $1.3 billion at current prices.
Trump’s net worth has been on a roller coaster ride ever since his social media company finalized its deal to go public late last month. The former president is the dominant shareholder in a stock that has been called a “meme stock on steroids.”
“meme stock on steroids” aka “a way to launder money to trump”. Just like the fake NFTs, the sneakers, bibles and all the other bullshit.
Trump is just a meme of capitalism. The stock market is just a front to launder money, and control people.
It’s crazy how apparent and in the open this all is and is just the “this is fine” meme
I’m convinced it’s the same “fuck you get mine” mentality that it always has been. turnip just is showing them how to play the game. these clownshoes all think they can be the next one to cheat their way to the top. new american dream everyone.
Maybe this is why I’m not a billionaire. I’ve never been good at cheating the system.
deleted by creator
As a publicly traded stock, I wonder if any journalist is working on tracking ownership of the stock. Certainly it will be time-consuming - a Russian plan to launder donations would use local-registered shell companies, I’d guess - but probably doable.