Trump to launch TRUTH social network (1 Viewer)

[superchuck500]

 

[SystemShock]

One gets it if they have come to think "stock exchange" = "gambling casino"

I'm sure many people think of the stock exchange as a casino, but it isn't. There is financial risk involved, sure, but there's financial risk in opening a restaurant too, or changing jobs, etc.

 

[SystemShock]

Okay, but we read about Congress members almost weekly, yet the enforcement is rare or lags way behind. I just read about a MOC dumping Boeing after he received briefings about their issues before they were made public.

I have also read that these pump and dump schemes like Truth Social are afoul of several regulations and the SEC is “watching” them. Bet you Trump walks away with his millions or billions before they ever act. I have also read the Musk is also on the wrong side of SEC regulations consistently.

You are getting information from the wrong sources.

 

[SystemShock]

its it perfect? by no means.

They are enforced when there is a clear violation of the regulations.

I just wanted to add to your comment: enforcement of regulations comes in various ways. Most people think that enforcement only comes in the way of monetary fines, but that's not the case. Financial institutions are constantly issued corrective action directives when they don't follow regulations and then are closely monitored/audited to ensure the corrective action is carried out in a specified amount of time.

 

[SamAndreas]

I'm sure many people think of the stock exchange as a casino, but it isn't. There is financial risk involved, sure, but there's financial risk in opening a restaurant too, or changing jobs, etc.

I know about the market. In 2008 I retired years early based upon what I was able to make as the market fell.

It's not gambling to sell some stuff short, and then buy Raytheon in a 2008 climate.

 

[J-DONK]

That's not true. The regulations are enforced, and not in a spotty manner. And the enforcement of those regulations has serious impact on all sides. You just don't hear about them until very rich people are involved and the amounts of money run in the millions.

This opinion would not be shared by the majority of Americans, esp after the 2008 crash. You can try to argue the other side, but it won't be taken seriously.

There have been multiple papers written on the revolving door at the SEC to the private sector, and the lack of enforcement that's caused.

 

[LA - L.A.]

This opinion would not be shared by the majority of Americans, esp after the 2008 crash. You can try to argue the other side, but it won't be taken seriously.

There have been multiple papers written on the revolving door at the SEC to the private sector, and the lack of enforcement that's caused.

There's a big difference between how the stock market is supposed to work and how it actually works.

It's fraught with corruption and the SEC is intentionally kept underfunded and understaffed on top of the staff being mostly co-opted by the industry they are supposed to regulate.

It's correct to say it's not like a casino, because it's more like a game of 3 card monte.

 

[FullMonte]

So, the question I have….

What happens to Truth Social, as a company/app, if the stock price drops to essentially nothing?

If the stock is worthless, does that affect the company operation?

 

[efil4]

So, the question I have….

What happens to Truth Social, as a company/app, if the stock price drops to essentially nothing?

If the stock is worthless, does that affect the company operation?

It does. In theory, a companys stock price is reflective of its "future" earnings/growth/potential.

IF a companys stock price is next to nothing, that means investors are steering clear because the "outlook" is grim. And investors include any institutions that may be approached to invest/loan etc. Hindering their ability to borrow for instance.

so then has to go private funding route. And it wont be Americans funding his enterprise.

 

[coldseat]

There's a big difference between how the stock market is supposed to work and how it actually works.

It's fraught with corruption and the SEC is intentionally kept underfunded and understaffed on top of the staff being mostly co-opted by the industry they are supposed to regulate.

It's correct to say it's not like a casino, because it's more like a game of 3 card monte.

Just like the FAA and Boeing.

The problem with with most federal regulatory agencies is that they don't invest sufficient money to hire, train and keep staff/regulators. They lose a lot of the young talent they hire (to more money in private industry) and then subsequently have to hire experienced staff for higher level positions from the same private industry. That naturally breeds a lot of familiarity and cronyism. It happens at all levels of government, local, state and federal.

 

[SystemShock]

This opinion would not be shared by the majority of Americans, esp after the 2008 crash. You can try to argue the other side, but it won't be taken seriously.

I know it's not, but the majority don't know how the stock market and financial institutions are regulated, or even how it works. That's not to say no one is trying to circumvent the regulations or that shady stuff isn't happening, but for the most part, the stock market is heavily regulated, and those regulations are enforced.

 

[CoolBrees]

I do know how the stock market works.

Buying and selling shares is regulated, via the SEC. But they only oversee the up stream filings of a company. The health and due diligence is on the investor.

Trump's company filed their paperwork legally and showed the had just over $4 million in revenue and $53 million in debt. the EBITA multiplier says they can sell the company for $12 million.

Only a holdings house would buy that and that is so they can write down the debt on their ledger.

They are totally legitimate to the SEC - their filings were correct.

Social media should be a profit driver as the overhead for digital IP is exponentially lower than that of a goods manufacturer.

In other words those earnings numbers should be reversed to support their initial offering price.

This is all information Trump and his minions who actually came up with the scam had before the opening bell; but still inflated it and had three major purchases by parties unknown to buoy it until the earning reports were filed and made public. But those reports are from last quarter so they know all of this.

So they oversold their value via Trump tweet and fighting woke and how this was going to be their golden egg, and got every MAGA idiot to invest their life savings in a company that was known to be worthless and will be insolvent by the end of the fiscal year.

That is fraud if it wasn't on the Exchange.

On the Exhange? All. Totally. Legal.

 

[GrandAdmiral]

So, the question I have….

What happens to Truth Social, as a company/app, if the stock price drops to essentially nothing?

If the stock is worthless, does that affect the company operation?

Not sure about that, but CNN had this guy on this morning saying that even if the stock price goes to $0.00, Trump and whatever banks that lent him money based on the stock will still make a killing. Trump's friend MTG and the other peons will be killed with the losses.

 

[efil4]

Not sure about that, but CNN had this guy on this morning saying that even if the stock price goes to $0.00, Trump and whatever banks that lent him money based on the stock will still make a killing. Trump's friend MTG and the other peons will be killed with the losses.

thats only if they sold at a price point higher than they bought in. ( or loaned him and got shares for the loan collateral or whatever )

As for Trump, sure- if he holds 80,000,000 shares x whatever $ it at, he will benefit. But there are taxes ( income and cap gains ) - but im almost certain that these shares will be in some sort of "vehicle" that will somehow reduce the overall tax burden

and yes its always the individual small investor that gets left holding the short end of the stick.

 

[J-DONK]

I do know how the stock market works.

Buying and selling shares is regulated, via the SEC. But they only oversee the up stream filings of a company. The health and due diligence is on the investor.

Trump's company filed their paperwork legally and showed the had just over $4 million in revenue and $53 million in debt. the EBITA multiplier says they can sell the company for $12 million.

Only a holdings house would buy that and that is so they can write down the debt on their ledger.

They are totally legitimate to the SEC - their filings were correct.

Social media should be a profit driver as the overhead for digital IP is exponentially lower than that of a goods manufacturer.

In other words those earnings numbers should be reversed to support their initial offering price.

This is all information Trump and his minions who actually came up with the scam had before the opening bell; but still inflated it and had three major purchases by parties unknown to buoy it until the earning reports were filed and made public. But those reports are from last quarter so they know all of this.

So they oversold their value via Trump tweet and fighting woke and how this was going to be their golden egg, and got every MAGA idiot to invest their life savings in a company that was known to be worthless and will be insolvent by the end of the fiscal year.

That is fraud if it wasn't on the Exchange.

On the Exhange? All. Totally. Legal.

This is the entire issue with company going public, is timing. It's a much worse version of Clinton million dollar speeches, or Hunter Biden selling paintings for over a million.

Would anyone here be surprised if large stockholder in truth social ended up Trump's cabinet?

It also doesn't help that the company is a joke. It has 2 million active users, and makes less money then a Waffle House in Gulf Shores.

 

[MT15]

Would anyone here be surprised if large stockholder in truth social ended up Trump's cabinet?

Most of them are foreign nationals, I imagine. Maybe even government officials.

 

[fooferdoggie]

Not sure about that, but CNN had this guy on this morning saying that even if the stock price goes to $0.00, Trump and whatever banks that lent him money based on the stock will still make a killing. Trump's friend MTG and the other peons will be killed with the losses.

trump is fine with that.

 

[CoolBrees]

thats only if they sold at a price point higher than they bought in. ( or loaned him and got shares for the loan collateral or whatever )

As for Trump, sure- if he holds 80,000,000 shares x whatever $ it at, he will benefit. But there are taxes ( income and cap gains ) - but im almost certain that these shares will be in some sort of "vehicle" that will somehow reduce the overall tax burden

and yes its always the individual small investor that gets left holding the short end of the stick.

Not if the revenue generated from the shares are doled out as dividends on Preferred Stock - which only Founder's and their chosen few hold - and done so through a subsidiary vehicle to wash the books of who gets the money.

 

[MT15]

Yeah, I really, really doubt that Trump will pay one dime in taxes. He doesn’t pay taxes.