Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.

Harris Vs Trump 2024 US Presidential election - read the warning in the OP posted 18/09/24

1…110111113115116…574

Comments

  • #3362
    Oscar_Madison
    Registered Users, Registered Users 2 Posts: 10,160 ✭✭✭✭Oscar_Madison
    #MEGA MAKE EUROPE GREAT AGAIN


    https://www.boards.ie/discussion/comment/122648485#Comment_122648485

    All this would have been very obvious even to an untrained eye- aren’t the people who invested in the first place the bigger fools here? I often have pity for innocent people scammed , especially where the underlying scam is not motivated by greed and massive returns to the mark but just simple fraud and theft by an unregulated entity- but this was just such an obvious pig in a poke - I’ve no pity for anyone who invested



  • #3363
    Quin_Dub
    Moderators, Politics Moderators, Social & Fun Moderators, Sports Moderators Posts: 17,041 Mod ✭✭✭✭Quin_Dub


    https://www.boards.ie/discussion/comment/122648561#Comment_122648561

    Oh yeah.. at its peak he had a paper valuation of over $4B.

    He owns something like 108M shares , so he likely walks away with a couple of hundred million from this scam no matter what happens.

    While everyone else loses their arses.



  • #3364
    LambshankRedemption
    Registered Users, Registered Users 2 Posts: 12,188 ✭✭✭✭LambshankRedemption


    https://www.boards.ie/discussion/comment/122648561#Comment_122648561

    I wouldn't put it past him for that to have been his strategy all along.

    Trump to lenders: I am a majority share holder in this thing that is worth 4Bn. Lend me some money so I can pay my fines.

    Lenders: OK!

    Come tax return time, Trump to IRS: My stock is now worth peanuts so my tax return this year will also be peanuts.



  • #3365
    [Deleted User]
    Posts: 6,626 ✭✭✭ [Deleted User]


    https://www.boards.ie/discussion/comment/122648587#Comment_122648587

    Think of it as an election asset for Harris, lots of cleaned out MAGA investors will be less inclined to vote for their God child.

    Sink to the floor baby.



  • #3366
    Quin_Dub
    Moderators, Politics Moderators, Social & Fun Moderators, Sports Moderators Posts: 17,041 Mod ✭✭✭✭Quin_Dub


    https://www.boards.ie/discussion/comment/122648580#Comment_122648580

    There is some value in the company, its last reports showed something like $350M cash on hand , although they were burning through that at a rate of knots so it's a good bit less than that now and dropping fast.

    The actual business is utterly worthless so there's nothing there beyond the cash and "stuff" that you might be able to sell off.

    So a "real" value for the stock is in the $1.50 range based on the remaining cash and assets being worth ~$300M or so at best .



  • Advertisement
  • #3367
    ronjo
    Registered Users, Registered Users 2 Posts: 4,070 ✭✭✭ronjo


    https://www.boards.ie/discussion/comment/122648620#Comment_122648620

    Maybe Mark Cuban will come in with an offer of $1 a share to buy all.



  • #3368
    Rawr
    Registered Users, Registered Users 2, Paid Member Posts: 4,919 ✭✭✭Rawr


    https://www.boards.ie/discussion/comment/122648620#Comment_122648620

    I bet if you did try to liquidate Truth Social you might find considerably less than $350M in value there. The cash on hand might only exist on the books since I suspect Donnie & Co. have already helped themselves to a good chunk of that.

    Beyond that, the platform itself is just a re-skin of the open-source Mastedon social media app and it woundn't surprise me if they simply rented some VM Servers to run the platform on. (Thus no value there). They likely have no physical office to liquidate beyond some remote PO-Box.

    The "brand" might have a $-Value..but I can't imagine that being very much as of today, not to mention its value when Donnie abandons it.



  • #3369
    Oscar_Madison
    Registered Users, Registered Users 2 Posts: 10,160 ✭✭✭✭Oscar_Madison
    #MEGA MAKE EUROPE GREAT AGAIN


    https://www.boards.ie/discussion/comment/122648616#Comment_122648616

    unfortunately most are so invested in this MAGA rubbish they’ll simply invest in the next Trump scheme that comes along - it really is true at this stage- Trump could likely gun down an innocent on the New York streets and still get elected



  • #3370
    Quin_Dub
    Moderators, Politics Moderators, Social & Fun Moderators, Sports Moderators Posts: 17,041 Mod ✭✭✭✭Quin_Dub


    https://www.boards.ie/discussion/comment/122648637#Comment_122648637

    Oh for sure..

    The brand has no value to anyone other than Trump.

    Their user data isn't worth much either because the typical Truth social users isn't in the sort of marketing segment that advertisers pay big money for - As evidenced by their near total lack of Advertising revenue.

    And , like you say once you got in there you would likely find that the "cash on hand" either wasn't there or was magically owed to outside parties (Trump) and not actually there as an asset.

    In a fire-sale scenario , it's worth pennies but in a controlled exit you might get a dollar or a dollar fifty a share if you found the right rube (or the right Russian Oligarch buying a favour).



  • #3371
    ronjo
    Registered Users, Registered Users 2 Posts: 4,070 ✭✭✭ronjo


    https://www.boards.ie/discussion/comment/122648654#Comment_122648654

    And will probably find a way to blame the "Deep State" anyway



  • Advertisement
  • #3372
    accensi0n
    Registered Users, Registered Users 2 Posts: 3,006 ✭✭✭accensi0n


    Harris should just spend all her time in swing states and Republican towns coming across as likeable and normal. Done deal.



  • #3373
    ronjo
    Registered Users, Registered Users 2 Posts: 4,070 ✭✭✭ronjo


    Yeah I am no expert so could be talking rubbish but surely if Trump tries to sell even 10% of his holding the price will totally fall off a cliff unless someone wants them all?



  • #3374
    Quin_Dub
    Moderators, Politics Moderators, Social & Fun Moderators, Sports Moderators Posts: 17,041 Mod ✭✭✭✭Quin_Dub


    https://www.boards.ie/discussion/comment/122648680#Comment_122648680

    100% correct , the second Trump submits a sell order , the price will collapse.

    He won't be able to sell all of them at once if for other reason than no one would buy them so he'd have to try to sell a small-ish block initially.

    But the second he does that , the market will assume he's bailing and the stock will utterly collapse - No one actually needs to buy or sell a share for that to happen.

    The "asking price" will just keep on dropping and dropping as people try to get out of the stock and even if no one buys , that ask price will keep on collapsing.



  • #3375
    ronjo
    Registered Users, Registered Users 2 Posts: 4,070 ✭✭✭ronjo


    https://www.boards.ie/discussion/comment/122648712#Comment_122648712

    So whats his play here? Does he even have one?

    Maybe try and get a private buyer?



  • #3376
    LambshankRedemption
    Registered Users, Registered Users 2 Posts: 12,188 ✭✭✭✭LambshankRedemption


    https://www.boards.ie/discussion/comment/122648726#Comment_122648726

    Ask Elon to buy the stock for a few cents per share?

    Although the last time Elon invested in a social media platform it didn't go so well…



  • #3377
    Dingaan
    Registered Users, Registered Users 2 Posts: 532 ✭✭✭Dingaan


    https://www.boards.ie/discussion/comment/122648512#Comment_122648512

    What a scandal! Charge him with bribery now!

    Did you actually see the footage of him in the supermarket? It was a very human interaction with everyday Americans suffering from the Kamala price crisis.



  • #3378
    Brian?
    Moderators, Recreation & Hobbies Moderators Posts: 23,004 Mod ✭✭✭✭Brian?


    https://www.boards.ie/discussion/comment/122646924#Comment_122646924

    Are you saying “abortion after birth don’t happen” is a lie?

    they/them/theirs


    The more you can increase fear of drugs and crime, welfare mothers, immigrants and aliens, the more you control all of the people.

    Noam Chomsky



  • #3379
    Brian?
    Moderators, Recreation & Hobbies Moderators Posts: 23,004 Mod ✭✭✭✭Brian?


    https://www.boards.ie/discussion/comment/122647677#Comment_122647677

    it was an open primary. Every had a chance To run and chose not to.

    they/them/theirs


    The more you can increase fear of drugs and crime, welfare mothers, immigrants and aliens, the more you control all of the people.

    Noam Chomsky



  • #3380
    [Deleted User]
    Posts: 6,626 ✭✭✭ [Deleted User]


    https://www.boards.ie/discussion/comment/122648785#Comment_122648785

    Inflation has been a worldwide issue due to COVID. Nothing to do with Harris.



  • #3381
    ronjo
    Registered Users, Registered Users 2 Posts: 4,070 ✭✭✭ronjo


    https://www.boards.ie/discussion/comment/122648820#Comment_122648820

    Wage growth in the US has been higer than inflation for 18 months.

    Wage growth vs inflation U.S. 2024 | Statista



  • Advertisement
  • #3382
    ArmaniJeanss
    Registered Users, Registered Users 2 Posts: 13,941 ✭✭✭✭ArmaniJeanss


    I'd guess DJT/Trump Media has some potential upside if Trump wins the election, and it then presumably becomes his main outlet for the 4 years of his presidency.

    So there exists a reasonable market price for the stock of X if he wins.

    If Trump to win is is 50/50 (generally accepted) then if the current price drops below 1/2 of X then it becomes a reasonable purchase, really just the same as a bet at the bookies but with no betting limits and higher potential upside. It's the sort of thing which will set a floor for the stock, stopping all the $1.50 predictions.

    Obviously the figure X, the expected share price if he wins, is unknown. But I guess the market will take a stab at it. $25 seems reasonable to me, figure pulled from air though.

    Quin_dub?



  • #3383
    Quin_Dub
    Moderators, Politics Moderators, Social & Fun Moderators, Sports Moderators Posts: 17,041 Mod ✭✭✭✭Quin_Dub


    https://www.boards.ie/discussion/comment/122648726#Comment_122648726

    I suspect that the plan was to hold the stock until after he won the Election and then basically use it as a way to make money. The stock price would likely increase as he would use it as his communication platform the way he did with Twitter during his time in the WH

    The exposure to corruption would be massive as anyone could buy Trump stock and drive the price up as a way to curry favour with him. Similarly with buying advertising on the platform.

    Like everything else for him though , if he loses the election he's done.

    The company will collapse and no one will get a penny.



  • #3384
    MisterAnarchy
    Registered Users, Registered Users 2, Paid Member Posts: 17,054 ✭✭✭✭MisterAnarchy


    https://www.boards.ie/discussion/comment/122647967#Comment_122647967

    Down with this sort of thing !



  • #3385
    Quin_Dub
    Moderators, Politics Moderators, Social & Fun Moderators, Sports Moderators Posts: 17,041 Mod ✭✭✭✭Quin_Dub


    https://www.boards.ie/discussion/comment/122648858#Comment_122648858

    Agreed - As I said , Trump is all in on winning the Election.

    Everything he has is tied to it.

    If he wins he stays out of jail and DJT likely increases in value , legitimately or otherwise and Trump makes money.

    If he loses , the fact that he won't make a penny on this stock will be the least of his concerns.



  • #3386
    Dingaan
    Registered Users, Registered Users 2 Posts: 532 ✭✭✭Dingaan


    https://www.boards.ie/discussion/comment/122648820#Comment_122648820

    Injecting a trillion dollars into the economy likely resulted in demand driven inflation. Inflation hit 40 years highs in the US, which, I believe was higher than in other western countries.

    Also, speaking of COVID, she is very happy to classify bounce back jobs as new job creations, misleading the public. She's very dishonest.



  • #3387
    ronjo
    Registered Users, Registered Users 2 Posts: 4,070 ✭✭✭ronjo


    https://www.boards.ie/discussion/comment/122648926#Comment_122648926

    Wage growth in the US has been higer than inflation for 18 months.

    Wage growth vs inflation U.S. 2024 | Statista



  • #3388
    Overheal
    Registered Users, Registered Users 2 Posts: 86,683 ✭✭✭✭Overheal


    https://www.boards.ie/discussion/comment/122648570#Comment_122648570

    it’s a state crime.



  • #3389
    [Deleted User]
    Posts: 6,626 ✭✭✭ [Deleted User]


    https://www.boards.ie/discussion/comment/122648926#Comment_122648926

    As I said this was common to every country in the world, and the response was common to every country as well. The situation and response would have been exactly the same under Trump.



  • #3390
    duploelabs
    Registered Users, Registered Users 2 Posts: 12,020 ✭✭✭✭duploelabs


    https://www.boards.ie/discussion/comment/122648926#Comment_122648926

    Indeed, about 3 trillion down to djt tax cuts



  • Advertisement
  • #3391
    Overheal
    Registered Users, Registered Users 2 Posts: 86,683 ✭✭✭✭Overheal


    Jesus they don’t even wanna say his NAME anymore, Republicans are tossing Robinson out the airlock:

    “We’d be crucified politically if we did that. That’s literally their campaign in North Carolina, is trying to make people believe that Donald Trump somehow is involved with Mar– with the Robinson guy.” - Lindsay Graham, Fox News

    At a rally in North Carolina, a crowd of MAGA supporters also got triggered over it when a reporter asked Vance if they still supported Robinson and if they defended him over the allegations about the Black Nazi etc. stuff. After the booing settled down which reportedly went on for half a minute, Vance said “that is Mark Robinson’s case to make to the people of North Carolina, I’m not gonna make it for him. The people of North Carolina, they get to be the judges of whether they believe him or not.”

    Reminder that Trump said of Robinson just a few months ago that he was greater than Martin Luther King 🤥



Advertisement