Trump tried to defraud his truth social business partners

[Axulus]

The madness is that even at $5 a share, Trump can make a lot of money... if he can off load the shares. The one trouble is with him being the direct owner of the shares, he can't easily sell them without people noticing. Worse, this is almost like a meme stock such as Gamestop in that fair trade value can be made impossible because most of the shares are held internally. So if there aren't enough shares to buy/sell, the price can stagnate, and Trump might be able to sell here, sell there... laundering all sorts of money.

That's assuming a fair market trade. I suspect we will see private deals for his shares as a form of covert payoff.

It's the perfect cover for a crooked deal: selling the shares in a private sale at the current stock price (preventing the stock from crashing)

 

[Loren Pechtel]

The madness is that even at $5 a share, Trump can make a lot of money... if he can off load the shares. The one trouble is with him being the direct owner of the shares, he can't easily sell them without people noticing. Worse, this is almost like a meme stock such as Gamestop in that fair trade value can be made impossible because most of the shares are held internally. So if there aren't enough shares to buy/sell, the price can stagnate, and Trump might be able to sell here, sell there... laundering all sorts of money.

That's assuming a fair market trade. I suspect we will see private deals for his shares as a form of covert payoff.

It's the perfect cover for a crooked deal: selling the shares in a private sale at the current stock price (preventing the stock from crashing)

Yup, and we have other examples of them using misvalued private transactions as a way of moving money.

 

[TomC]

The madness is that even at $5 a share, Trump can make a lot of money... if he can off load the shares. The one trouble is with him being the direct owner of the shares, he can't easily sell them without people noticing. Worse, this is almost like a meme stock such as Gamestop in that fair trade value can be made impossible because most of the shares are held internally. So if there aren't enough shares to buy/sell, the price can stagnate, and Trump might be able to sell here, sell there... laundering all sorts of money.

That's assuming a fair market trade. I suspect we will see private deals for his shares as a form of covert payoff.

It's the perfect cover for a crooked deal: selling the shares in a private sale at the current stock price (preventing the stock from crashing)

Nobody doing business with Trump, at this point, is unaware of what they are getting into. They all have reasons for doing it that aren't about making money directly.
Tom

 

[Elixir]

They all have reasons for doing it that aren't about making money directly.

Payola is ALWAYS about making money “indirectly” (aka money laundering).
Trump has simply opened the world’s largest laundromat.

 

[Jimmy Higgins]

Meanwhile in Bizarro World, Trump's social media company which generates millions in revenue and tens of millions in losses has rocketed in the past two days up about 40%. It is trading at over $55 a share now. 5 days ago it was flat-lined at a head scratching $36.

 

[hurtinbuckaroo]

Meanwhile in Bizarro World, Trump's social media company which generates millions in revenue and tens of millions in losses has rocketed in the past two days up about 40%. It is trading at over $55 a share now. 5 days ago it was flat-lined at a head scratching $36.

Apparently the market is betting that he wins.

Has he sold any shares?

 

[bilby]

Meanwhile in Bizarro World, Trump's social media company which generates millions in revenue and tens of millions in losses has rocketed in the past two days up about 40%. It is trading at over $55 a share now. 5 days ago it was flat-lined at a head scratching $36.

Apparently the market Vlad Putin is betting that he wins, and using DJT to illegally fund his campaign.

Has he sold any shares?

FTFY.

 

[Jimmy Higgins]

So fall quarter numbers came out around the election. Trump's company took in $1 million in revenue. Not profit, they lost nearly $20 million on that metric. They are taking in an average of about $4 million a year. They say $12 million of the loss was legal costs. I think they misspelled "fraud".

A near $7 billion cap for a company that makes $4 million in revenue a year. This is just one of the many successful economic glitches Trump has managed to find himself in a position to take advantage of.

 

[Jimmy Higgins]

Meanwhile Truth Social proves that there are many ways to grift.

The parent company of President Donald Trump’s social networking site Truth Social says it lost $400.9 million last year and its annual revenue declined 12% to $3.6 million.

The only thing that makes this company anything is the chunk of cash raised in the beginning, and it appears that Truth Social is paying it out to a few select people. How else can they lose $400 million to a revenue of $3.6 million? Let's check out the grift.

In 2024, their General General and Administration costs went through the stratosphere, from $9 million in 2023 to $130 million.

General and administration expenses consist primarily of personnel-related costs, including salaries, benefits and stock-based compensation for TMTG’s executive, finance, legal, information technology, humanresources and other administration employees. In addition, general and administration expenses include fees and costs for professional services, including consulting, third-party legal and accounting services and facilities costs and other supporting overhead costs that are not allocated to other departments.

So, they are paying themselves more.

Their cost of revenue quadrupled, while their revenue sank 12%.

 

[Elixir]

Meanwhile Truth Social proves that there are many ways to grift.

The parent company of President Donald Trump’s social networking site Truth Social says it lost $400.9 million last year and its annual revenue declined 12% to $3.6 million.

The only thing that makes this company anything is the chunk of cash raised in the beginning, and it appears that Truth Social is paying it out to a few select people. How else can they lose $400 million to a revenue of $3.6 million? Let's check out the grift.

In 2024, their General General and Administration costs went through the stratosphere, from $9 million in 2023 to $130 million.

General and administration expenses consist primarily of personnel-related costs, including salaries, benefits and stock-based compensation for TMTG’s executive, finance, legal, information technology, humanresources and other administration employees. In addition, general and administration expenses include fees and costs for professional services, including consulting, third-party legal and accounting services and facilities costs and other supporting overhead costs that are not allocated to other departments.

So, they are paying themselves more.

Their cost of revenue quadrupled, while their revenue sank 12%.

Isn’t there ANY oversight applied to such an obvious money laundering scheme?

 

[Jimmy Higgins]

Meanwhile Truth Social proves that there are many ways to grift.

The parent company of President Donald Trump’s social networking site Truth Social says it lost $400.9 million last year and its annual revenue declined 12% to $3.6 million.

The only thing that makes this company anything is the chunk of cash raised in the beginning, and it appears that Truth Social is paying it out to a few select people. How else can they lose $400 million to a revenue of $3.6 million? Let's check out the grift.

In 2024, their General General and Administration costs went through the stratosphere, from $9 million in 2023 to $130 million.

General and administration expenses consist primarily of personnel-related costs, including salaries, benefits and stock-based compensation for TMTG’s executive, finance, legal, information technology, humanresources and other administration employees. In addition, general and administration expenses include fees and costs for professional services, including consulting, third-party legal and accounting services and facilities costs and other supporting overhead costs that are not allocated to other departments.

So, they are paying themselves more.

Their cost of revenue quadrupled, while their revenue sank 12%.

Isn’t there ANY oversight applied to such an obvious money laundering scheme?

Trump screwed over public investors with his casino maneuver decades ago. TMTG has a been an obvious con the entire time. In fact, it even started out breaking the law. But for whatever reason, Trump just gets away with this stuff in the wide open. Martha Stewart made false statements to the FBI over a tiny stock trade worth a square root of the current market cap of a company that is almost entirely privately held. I mean, that part of it is kind of messed up too. It is a privately held publicly traded company? How any of this is remotely legal is head scratching.

 

[ZiprHead]

Meanwhile Truth Social proves that there are many ways to grift.

The parent company of President Donald Trump’s social networking site Truth Social says it lost $400.9 million last year and its annual revenue declined 12% to $3.6 million.

The only thing that makes this company anything is the chunk of cash raised in the beginning, and it appears that Truth Social is paying it out to a few select people. How else can they lose $400 million to a revenue of $3.6 million? Let's check out the grift.

In 2024, their General General and Administration costs went through the stratosphere, from $9 million in 2023 to $130 million.

General and administration expenses consist primarily of personnel-related costs, including salaries, benefits and stock-based compensation for TMTG’s executive, finance, legal, information technology, humanresources and other administration employees. In addition, general and administration expenses include fees and costs for professional services, including consulting, third-party legal and accounting services and facilities costs and other supporting overhead costs that are not allocated to other departments.

So, they are paying themselves more.

Their cost of revenue quadrupled, while their revenue sank 12%.

Sic DOGE on 'em.

 

[Loren Pechtel]

Meanwhile Truth Social proves that there are many ways to grift.

The parent company of President Donald Trump’s social networking site Truth Social says it lost $400.9 million last year and its annual revenue declined 12% to $3.6 million.

The only thing that makes this company anything is the chunk of cash raised in the beginning, and it appears that Truth Social is paying it out to a few select people. How else can they lose $400 million to a revenue of $3.6 million? Let's check out the grift.

In 2024, their General General and Administration costs went through the stratosphere, from $9 million in 2023 to $130 million.

General and administration expenses consist primarily of personnel-related costs, including salaries, benefits and stock-based compensation for TMTG’s executive, finance, legal, information technology, humanresources and other administration employees. In addition, general and administration expenses include fees and costs for professional services, including consulting, third-party legal and accounting services and facilities costs and other supporting overhead costs that are not allocated to other departments.

So, they are paying themselves more.

Their cost of revenue quadrupled, while their revenue sank 12%.

Isn’t there ANY oversight applied to such an obvious money laundering scheme?

Usually not. It's so hard to distinguish malicious conduct from incompetence.

 

[Axulus]

Meanwhile Truth Social proves that there are many ways to grift.

The parent company of President Donald Trump’s social networking site Truth Social says it lost $400.9 million last year and its annual revenue declined 12% to $3.6 million.

The only thing that makes this company anything is the chunk of cash raised in the beginning, and it appears that Truth Social is paying it out to a few select people. How else can they lose $400 million to a revenue of $3.6 million? Let's check out the grift.

In 2024, their General General and Administration costs went through the stratosphere, from $9 million in 2023 to $130 million.

General and administration expenses consist primarily of personnel-related costs, including salaries, benefits and stock-based compensation for TMTG’s executive, finance, legal, information technology, humanresources and other administration employees. In addition, general and administration expenses include fees and costs for professional services, including consulting, third-party legal and accounting services and facilities costs and other supporting overhead costs that are not allocated to other departments.

So, they are paying themselves more.

Their cost of revenue quadrupled, while their revenue sank 12%.

Isn’t there ANY oversight applied to such an obvious money laundering scheme?

The shareholders and board are generally responsible for oversight. If someone willingly buys the stock at this point the government can only do so much to protect idiots from themselves.

If there is any tax evasion that falls to the IRS. And any kind of fraud or securities violation generally falls to the auditors and the SEC and potentially the FBI. Of course Trump controls the SEC and FBI so those agencies have been completely castrated. If any state laws are being broken perhaps a state agency could try to step in.

 

[Jimmy Higgins]

DJT shares are down to $20 a share, roughly 1000% overvalued, but still, taking a bump with the general market trend.

 

[Elixir]

DJT shares are down to $20 a share, roughly 1000% overvalued, but still, taking a bump with the general market trend.

By what measure is there two cents of inherent value in a share of DJT?
Its ACTUAL value is a negative number.

 

[Jimmy Higgins]

DJT shares are down to $20 a share, roughly 1000% overvalued, but still, taking a bump with the general market trend.

By what measure is there two cents of inherent value in a share of DJT?
Its ACTUAL value is a negative number.

Based on their assets, they are probably worth many times more than 2 cents a share. Maybe 40 to 60 times! So there is a reason for some small value. The assets from the initial heist is the only thing that makes DJT have a positive value. Sure the heck isn't its revenue.

 

[Elixir]

there is a reason for some small value.

Something that loses more money every year than its total net assets, is worth less than nothing.

ETA: My bad - i just looked it up - it takes just over two years at the 2024 rate of loss, for DJT’s losses to exceed its total net assets - even if the inflated value given for those assets was real.

 

[Loren Pechtel]

DJT shares are down to $20 a share, roughly 1000% overvalued, but still, taking a bump with the general market trend.

By what measure is there two cents of inherent value in a share of DJT?
Its ACTUAL value is a negative number.

Based on their assets, they are probably worth many times more than 2 cents a share. Maybe 40 to 60 times! So there is a reason for some small value. The assets from the initial heist is the only thing that makes DJT have a positive value. Sure the heck isn't its revenue.

But value is assets - payables. You think that's not negative??

 

[Jimmy Higgins]

Not yet. But soon.