General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSo, who saw this coming?
I didnt!
Trumps 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 wasnt at fault!
Metaphorical
(2,344 posts)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)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.
Indykatie
(3,853 posts)gab13by13
(25,368 posts)TSF is using Un-Truth Social to promote all kinds of scams.
Scrivener7
(53,140 posts)GoCubsGo
(33,135 posts)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.
SupportSanity
(1,167 posts)modrepub
(3,639 posts)The "free" market in action.
OLDMDDEM
(2,148 posts)et tu
(1,889 posts)they should have known what would happen-
scamming sleeping dogs get up with nada!
Pacifist Patriot
(24,912 posts)NonPC
(405 posts)He got a piece, then hit the road before the shit really hits the fan. He probably needs to work yet. But hes still going to give up all his gains to lawyers, as the cesspool drags most of them under.
no_hypocrisy
(49,139 posts)You knew Im a liar and you accepted the risk.
0rganism
(24,741 posts)Such obvious projection
Yet he suckers his prey again and again
Joinfortmill
(16,603 posts)Mz Pip
(27,927 posts)would know any venture of Trumps is a bad investment. Its like theyre gambling addicts and cant help themselves.
SupportSanity
(1,167 posts)llmart
(16,331 posts)you'll find pictures of Trump investors!
malaise
(278,668 posts)That is all
DENVERPOPS
(10,127 posts)of those 70+ Million MAGAots...........Trumps iconic ball cap should read: BEND OVER IDIOTS
RandomNumbers
(18,221 posts)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.
malaise
(278,668 posts)😀
Jrsygrl96
(193 posts)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 dont 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 wasnt bad enough Jared got 2 billion from the Saudis, 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)By RANDALL CHASE
Updated 7:38 PM EDT, September 6, 2024
Share
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 Trumps 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 UAVs 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.
nickster48
(55 posts)May they drive it straight up his thoroughly lame and wretched ass .
peggysue2
(11,510 posts)Add a little money-laundering and you have his legacy wrapped up in one sordid package.
msfiddlestix
(7,848 posts)ProfessorGAC
(70,490 posts)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?
JHB
(37,461 posts)IronLionZion
(47,089 posts)or a stupid way to pass him bribes