Is it possible that the stock getting pumped up was a way for foreign governments to legally transfer money to him? Could a government (or multiple governments) launch a coordinated effort to increase the price of a stock through strategic actions? It wouldn’t necessarily need to be a sustained effort, just enough to get it going and give it some momentum, then TrumpCo pulls out and collects on his legal not-a-bribe money.
I mean it could be, but why? Super Pacs already exist.
They do have a special master watching things though, don’t they? So it’s going to be difficult to achieve that if that’s what’s going on.
There are plenty of reasons to believe it won’t stay up there.
Reason #1: It has never made money and it never will make money.
Reddit has already come down.
Yep. spez and the CFO sold hundreds of thousands of shares and r/wallstreetbets were planning on shorting it pretty much the second the IPO was announced months ago.
Isn’t there normally a restriction from executives selling stock for a period of time after an IPO?
I don’t really find that to be damning. They’ve been trying to turn a financial windfall for a while. That’s just them finally cashing out.
The stock symbol is DJT? Ugh. The hubris on this guy has no bounds.
Trump’s coming bailout. Consequences aren’t a thing for this piece of shit and never will be.
