All the coverage Trump gets, good or bad, keeps him in the public eye which is what he craves. And itβs what got him elected in the first place. Still plenty of people that will vote for him out there too.
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America & the World V: DOGE Business
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That was true in the 2016 primaries - he got a massive boost from the fact that CNN and others gave his antics lots of attention for the ratings - but at this point he's impossible to ignore. Not only is he first former president to ever stand trial - and be standing trial right at this moment - but he's in the middle of a one-on-one contest for the job of most powerful person in the world, AND he's the favourite to win.
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Fortunately he's got numerous non-trial related issues as well to contend with such as being on course to bankrupt the campaign funds. His chances of taking 2024 realistically will be lower than in 2020 - fingers crossed the repeated battery of bad stories keeps the fence sitters off his side again
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It really baffles me how Trumps Truth social stock is so high it's currently worth more than Reddit stock, but with a minute fraction of the users and ad revenue, massive problems with losses vs earnings putting it at 46 million in losses year on year, yet still if you want stock in this fabulous company it $40ish a pop. Trump holding the majority of stock makes Trump a billionaire on paper, though it's lost about half its worth already since going public.
I bet he's just hoping he can cash in before truth social runs out of money, it's weird as it should be a penny stock but is being boosted by people thinking they can support trump if they invest in it making it a modern day meme stock. All these people investing in it are going to lose out the second trumps allowed to sell, I bet he cashes in big time and completely floods the market with it the second he's allowed too.Last edited by Lebowski; 16-04-2024, 16:42.
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Originally posted by Lebowski View PostIt really baffles me how Trumps Truth social stock is so high it's currently worth more than Reddit stock,
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Yep, for a few weeks there's been all sorts of chatter about its stock and and the common theory seems to be that there has been a pump and dump effort behind it but that it's effectively worked far too fast. Rather than Trump cash in just as he needs the money before the election and as much of these charges and debts really hammer home the stock will have flat lined before hand and Trump will end up with pretty much nothing.
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Well hopefully it dies a bit more as even at $20 a share his current stock is valued at 2 billion, he's lost about 6 billion in paper worth since it started trading in March, with it tanking so fast theirs a move to let investors sell early to avoid further losses but who would buy this stuff if the main shareholder is looking to dump all his stock.
Truth social users seem to think that its a conspiracy to tank the stock not that its a company thats got no tangible assets and made 4 million in income off the back of 50 million in losses this last year.
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Trumps seventh case against him looks set to move forward as he's given just two weeks to submit details of his immunity defense having been denied being able to delay proceedings
A federal watchdog group has filed a complaint against Donald Trump involving a mystery $50 million loan, raising questions to the FBI and Justice Department about "materially false statements."
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Trump arrives in court as jury selection for hush-money trial nears close β live (theguardian.com)β
All 12 Jurors have now been selected and today the court will look to identify 6 alternates
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Jury selection for the remaining alternates continues Friday in former President Donald Trump’s hush money criminal trial. Follow here for the latest live news updates, analysis and more.
A man has set himself on fire outside the courthouse where Trump is on trial
He doesn't appear to be a Trump supporter though, instead an anti-Government believer who left a sign suggesting Biden and Trump are in cahoots.
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Donald Trump spent $4.9 million on legal fees in March and has just $6.8 million left in the accounts he’s been using to fund his lawyers, setting him up for a cash crunch as his trial costs mount, according to campaign finance filings.
Trump is on course to run out of legal fees funds in the coming weeks
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Last edited by Neon Ignition; 22-04-2024, 21:08.
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