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imanamerican63

(14,428 posts)
Sun Oct 6, 2024, 08:58 AM Oct 6

So, who saw this coming?

I didn’t!

Trump’s social media companies are now being sued for allegedly misleading their investors!

Just another fake, failed business venture for Trump. All he was doing was grifting from investors and the public! It is his shtick, ripping people off and saying that he wasn’t at fault!

30 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
So, who saw this coming? (Original Post) imanamerican63 Oct 6 OP
In Fairness, Trump was supposed to win *snort* Metaphorical Oct 6 #1
Twitter krkaufman Oct 6 #23
Anyone Who Thought DJT's $4M in Annual Revenue was Worth Billions Deserve What They Get. Indykatie Oct 6 #28
Not just that, gab13by13 Oct 6 #2
I did! I did! Scrivener7 Oct 6 #3
As did everyone who has been paying even a small bit of attention to GoCubsGo Oct 6 #21
It's like Charlie Brown and Lucy with the football. Trust her Charlie Brown!! SupportSanity Oct 6 #25
Caveat Emptor modrepub Oct 6 #4
Another trump scam. OLDMDDEM Oct 6 #5
well the 'fool me once etc.' et tu Oct 6 #6
Shocked! Shocked I Say! Where are my smelling salts? Pacifist Patriot Oct 6 #7
The CFO Already Bailed NonPC Oct 6 #9
Trump's "defense": no_hypocrisy Oct 6 #8
The Snake 0rganism Oct 6 #13
He's is an embarassment of our country. Joinfortmill Oct 6 #10
Anyone with common sense Mz Pip Oct 6 #11
Common sense is not common enough. SupportSanity Oct 6 #26
If you look in the dictionary for the word "gullible"... llmart Oct 6 #12
Anyone stupid enough to invest in anything associated with that criminal deserves to be robbed malaise Oct 6 #14
I hope he takes every last dime DENVERPOPS Oct 6 #15
Yes and No. Unlike the greedheads on the other side, RandomNumbers Oct 6 #16
Let's go after all of them malaise Oct 6 #20
Money laundering Jrsygrl96 Oct 6 #17
I found an article Ap Wire: Stakeholder in Trump's Truth Social parent company wins court ruling over share transfer lindysalsagal Oct 6 #18
Good! nickster48 Oct 6 #19
Fake, failed business adventures are Trump's specialty peggysue2 Oct 6 #22
So glad to read they're getting sued, on the one hand. OTH, it's all chump change to Musk, Theil etc al. msfiddlestix Oct 6 #24
I Think A Lot Of Us Did ProfessorGAC Oct 6 #27
Everyone EXCEPT for the investors? JHB Oct 6 #29
Either the investors are really dumb or it's some crooked money laundering scheme IronLionZion Oct 7 #30

Metaphorical

(2,344 posts)
1. In Fairness, Trump was supposed to win *snort*
Sun Oct 6, 2024, 09:05 AM
Oct 6

This was a gamble, and any investor who put up money should have known it going in. Trump was going to beat Biden, and Truth Social would have then become THE right wing social media hub. I don't think any of those investors thought that the situation would change so drastically, but even if they had, that's politics for you.

krkaufman

(13,755 posts)
23. Twitter
Sun Oct 6, 2024, 12:56 PM
Oct 6
would have then become THE right wing social media hub

Trump Social was kinda doomed as soon as Musk acquired Twitter, making Twitter the de facto Right Wing social media site. No need for a Right Wing-specific site once extremism was allowed back onto Twitter.

GoCubsGo

(33,135 posts)
21. As did everyone who has been paying even a small bit of attention to
Sun Oct 6, 2024, 12:36 PM
Oct 6

this criminal motherfucker for the past four decades. Which is why it will forever boggle my mind that so many people are willing to hand over the reins of power to this shitbag.

et tu

(1,889 posts)
6. well the 'fool me once etc.'
Sun Oct 6, 2024, 10:18 AM
Oct 6

they should have known what would happen-
scamming sleeping dogs get up with nada!

NonPC

(405 posts)
9. The CFO Already Bailed
Sun Oct 6, 2024, 10:53 AM
Oct 6

He got a piece, then hit the road before the shit really hits the fan. He probably needs to work yet. But he’s still going to give up all his gains to lawyers, as the cesspool drags most of them under.

Mz Pip

(27,927 posts)
11. Anyone with common sense
Sun Oct 6, 2024, 10:58 AM
Oct 6

would know any venture of Trump’s is a bad investment. It’s like they’re gambling addicts and can’t help themselves.

llmart

(16,331 posts)
12. If you look in the dictionary for the word "gullible"...
Sun Oct 6, 2024, 11:08 AM
Oct 6

you'll find pictures of Trump investors!

malaise

(278,668 posts)
14. Anyone stupid enough to invest in anything associated with that criminal deserves to be robbed
Sun Oct 6, 2024, 11:12 AM
Oct 6

That is all

DENVERPOPS

(10,127 posts)
15. I hope he takes every last dime
Sun Oct 6, 2024, 11:28 AM
Oct 6

of those 70+ Million MAGAots...........Trumps iconic ball cap should read: BEND OVER IDIOTS

RandomNumbers

(18,221 posts)
16. Yes and No. Unlike the greedheads on the other side,
Sun Oct 6, 2024, 11:32 AM
Oct 6

liberals tend to go after the robbers even when the victims were stupid to be robbed that way.

But part of me agrees wholeheartedly with you anyway.

Jrsygrl96

(193 posts)
17. Money laundering
Sun Oct 6, 2024, 11:32 AM
Oct 6

That “business venture” was nothing more than a back door way to get money into his pockets. Campaigns must account Super PAC money. This way they don’t have go through that hassle. I just read that tons of his bibles have been purchased in Oklahoma for schools.
What is scariest though is the crypto scam he is attempting. Untraceable money coming in from who knows where. As if it wasn’t bad enough Jared got 2 billion from the Saudi’s, and Von Shitsinpantz got 10mil from Egypt, we would never know how much he could get or what he would owe foreign entities for buying into it.

lindysalsagal

(22,417 posts)
18. I found an article Ap Wire: Stakeholder in Trump's Truth Social parent company wins court ruling over share transfer
Sun Oct 6, 2024, 11:38 AM
Oct 6
https://apnews.com/article/trump-media-truth-social-lawsuit-80aa0b7572a6d8d41d4ae71ffb89f290

By RANDALL CHASE
Updated 7:38 PM EDT, September 6, 2024
Share
DOVER, Del. (AP) — A federal judge in Delaware has ruled in favor of a firm seeking assurance that it will be able to sell its minority stake in the parent company of former president Donald Trump’s Truth Social platform.
The judge on Friday granted summary judgment to Florida-based United Atlantic Ventures LLC in a lawsuit filed against Minnesota-based Odyssey Transfer and Trust Co., a business that handles securities transfers among registered shareholders.

UAV is owned by Andrew Litinsky and Wesley Moss, former contestants on Trump’s TV show, “The Apprentice” who also helped facilitate a merger that took Trump Media public in March.

Since then, UAV and Trump Media have been battling in courts in both Delaware and Florida over UAV’s stake in the company. Attorneys for Trump Media assured a state judge in Delaware earlier this year that UAV was entitled to an 8.6% stake and would suffer no merger-related dilution. They now contend, however, that UAV is not entitled to its shares because of pre-merger mismanagement by Litinsky and Moss.

peggysue2

(11,510 posts)
22. Fake, failed business adventures are Trump's specialty
Sun Oct 6, 2024, 12:39 PM
Oct 6

Add a little money-laundering and you have his legacy wrapped up in one sordid package.

msfiddlestix

(7,848 posts)
24. So glad to read they're getting sued, on the one hand. OTH, it's all chump change to Musk, Theil etc al.
Sun Oct 6, 2024, 01:01 PM
Oct 6

ProfessorGAC

(70,490 posts)
27. I Think A Lot Of Us Did
Sun Oct 6, 2024, 03:12 PM
Oct 6

There was soubd business model. It was idiocy to think all but a small crowd of true believers would leave Twitter for that platform.
And, it was equally easy to see that major advertisers weren't going there until there were enough eyeballs to justify it.
This was a failed business before they ever launched.
Thing is, a lot of investors may have purchased shares out of obeisance to the fuhrer, not because they examined a prospectus. So, did they really get defrauded? Or did they just throw money at a wish & hope?
Did those people need to be lied to in order to invest?

IronLionZion

(47,089 posts)
30. Either the investors are really dumb or it's some crooked money laundering scheme
Mon Oct 7, 2024, 08:51 AM
Oct 7

or a stupid way to pass him bribes

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