Do you guys really want them to look into your stock being manipulated? Because I think there might be some investigation in the IPO being massively overvalued…
It wasn’t an IPO, though. DWAC (a company which was formed specifically to acquire other companies) acquired Truth Social at what everyone thinks is a massively overvalued price.
All this short selling isn’t institutional investors duping retail investors, it’s institutional investors realizing how thoroughly DWAC screwed its retail investors by engaging in this deal solely to transfer wealth to Donald Trump. The Financials simply don’t make sense, and the institutions know it.
And the weird part is, even though there are a lot of lawsuits right now around Truth Social and DWAC, I don’t think a single one is from an investor. Because those investors have been duped into believing that all the facts around the acquisition are lies, even though the financial filings paint the picture directly.
What makes you think the investors didn’t know exactly what they were buying?
If a $30 million business get valued at over a billion dollars, I’d short sell it too. Trump probably did too.
lol GME’s price per earnings is over 500 and they’re not doing shit with that money you gave them. Die mad about it.
Trump is supposedly banned from selling it for six months. Do I think he has a way around that, yes.
SEC rules for insiders are pretty strict. And he already made billions on the IPO. Even with the stock price crashing he’s still making a bundle, so I doubt there’s any reason for him to take a risk on illegal trading.
Did he make billions? I know the media reported that his net worth had jumped billions from the increased valuation of the stock.
The more honest media also reported that he was unable to take advantage of that valuation because he couldnt sell any of the stock.
Lololol “our company sucks and the stock price is tanking, find something else to blame!”
I guess the narrative here that Trump feeds to the retail stockholders is going to be that he was going to make everyone wealthy and that it was a great buy but that evil nasty short sellers ruined the party.
In all seriousness, it boggles me how everything that guy touches winds up with some level of trying to mislead people.
I’m afraid that this is all he is as a person. He doesn’t actually do or produce things, he pretends to do so and fleeces money from sycophants in the process.
I hope that a year from now, he’s not telling Trump supporters that George Soros or whoever stole their and his money by shorting and asking for campaign contributions for another presidential run so that he can fix the stock market for them.
The stock market is a casino where the whales are allowed to put extra aces in their hand when they make a large enough bet.
