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Getbig Main Boards => Politics and Political Issues Board => Topic started by: IroNat on March 26, 2024, 04:09:29 AM
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https://www.businesstimes.com.sg/international/donald-trump-s-net-worth-hits-us-6.5-billion-making-him-one-world-s-500-richest-people
DONALD Trump’s business empire was supposed to be in peril like never before on Monday (Mar 25). Instead, it turned into the single-greatest day on record for the former president’s wealth.
Facing a deadline to post a bond of more than US $500 million in a New York fraud lawsuit, a state appeals court tossed him a lifeline, slashing the amount he would have to post to US $175 million – an amount he says he will cover. Around the same time, his social media company Trump Media & Technology Group wrapped up a 29-month-long merger process, meaning shares worth billions of US dollars on paper are now officially Trump’s.
All told, his net worth increased by more than US$4 billion. That means for the first time ever, Trump joined the ranks of the world’s wealthiest 500 people on the Bloomberg Billionaires Index, with a fortune of US$6.5 billion.
(https://media.giphy.com/media/v1.Y2lkPTc5MGI3NjExY2tzYjU0M3hpaHZzNXFsZGw1ZzBuOG40aGVyOHE3aXB1bTkwbXM4MiZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/l2JhnG2lLRi2l1mHS/giphy.gif)
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(https://d1i4t8bqe7zgj6.cloudfront.net/thumbnails/56a80030e4b0f3f1795a9b2e/20160126_LAUGHINGimage.jpg)
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(https://images.ctfassets.net/pjshm78m9jt4/170960_header/7395924418b6d70b680ebb7fe5549cb1/importedImage170960_header?fm=jpg&fit=fill&w=1600&q=80)
(https://d1i4t8bqe7zgj6.cloudfront.net/thumbnails/56a80030e4b0f3f1795a9b2e/20160126_LAUGHINGimage.jpg)
Loco beat me to it!! ;)
(https://i.kym-cdn.com/photos/images/original/001/932/023/7f4.gif)
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(https://i.kym-cdn.com/photos/images/original/001/932/023/7f4.gif)
The start of TDS libturdz melting down like brainless retardz and glory-hole caulk suckkers and kid-groomers. ::) ::)
Imagine being a TDS libturd?? Hurt by words??? ??? ???
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Loco beat me to it!! ;)
(https://i.kym-cdn.com/photos/images/original/001/932/023/7f4.gif)
(https://d1i4t8bqe7zgj6.cloudfront.net/thumbnails/56a80030e4b0f3f1795a9b2e/20160126_LAUGHINGimage.jpg)
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https://www.businesstimes.com.sg/international/donald-trump-s-net-worth-hits-us-6.5-billion-making-him-one-world-s-500-richest-people
DONALD Trump’s business empire was supposed to be in peril like never before on Monday (Mar 25). Instead, it turned into the single-greatest day on record for the former president’s wealth.
Facing a deadline to post a bond of more than US $500 million in a New York fraud lawsuit, a state appeals court tossed him a lifeline, slashing the amount he would have to post to US $175 million – an amount he says he will cover. Around the same time, his social media company Trump Media & Technology Group wrapped up a 29-month-long merger process, meaning shares worth billions of US dollars on paper are now officially Trump’s.
All told, his net worth increased by more than US$4 billion. That means for the first time ever, Trump joined the ranks of the world’s wealthiest 500 people on the Bloomberg Billionaires Index, with a fortune of US$6.5 billion.
(https://media.giphy.com/media/v1.Y2lkPTc5MGI3NjExY2tzYjU0M3hpaHZzNXFsZGw1ZzBuOG40aGVyOHE3aXB1bTkwbXM4MiZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/l2JhnG2lLRi2l1mHS/giphy.gif)
Hold on slick. Learn to read between the lines which is closer to the truth. 'Trump’s social media company Trump Media & Technology Group wrapped up a 29-month-long merger process, meaning shares worth billions of US dollars on paper are now officially Trump’s.He cannot cash in on his windfall from Trump Media’s merger with Digital World Acquisition Corp (DWAC) because his shares are locked up for roughly six months.'
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Hold on slick. Learn to read between the lines which is closer to the truth. 'Trump’s social media company Trump Media & Technology Group wrapped up a 29-month-long merger process, meaning shares worth billions of US dollars on paper are now officially Trump’s.He cannot cash in on his windfall from Trump Media’s merger with Digital World Acquisition Corp (DWAC) because his shares are locked up for roughly six months.'
You would think they would have read the entire articles they got their headlines from.
If it is worth that in 6 months, they will be right. Good luck though.
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Hold on slick. Learn to read between the lines which is closer to the truth. 'Trump’s social media company Trump Media & Technology Group wrapped up a 29-month-long merger process, meaning shares worth billions of US dollars on paper are now officially Trump’s.He cannot cash in on his windfall from Trump Media’s merger with Digital World Acquisition Corp (DWAC) because his shares are locked up for roughly six months.'
Hold on slick. The only exception would be if the company's board votes to make a special dispensation. But he doesn’t need it since the fake fine has been dropped to $175mil
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Hold on slick. The only exception would be if the company's board votes to make a special dispensation. But he doesn’t need it since the fake fine has been dropped to $175mil
It seems like bad mojo to use the same ticker symbol from Trumps last public company that crashed and burned
If the board did allow him to sell shares before the lockout period the likely outcome would be for the stock to crash and the shareholder lawsuits would follow soon thereafter.
Also keep in mind that the company reported less than $3.5 million — that’s million, not billion — in revenue over the first three quarters of 2023, with reported losses more than 10 times that amount. Its monthly active users plunged 51% year over year in February and the number of unique visitors to Truth Social's website was 648,000, down 20% year over year.
It might make sense to buy this stock or attempt to short it if you're a skilled day trader but to buy this stock as some kind of long terms investment is akin to setting your money on fire.
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Hold on slick. The only exception would be if the company's board votes to make a special dispensation. But he doesn’t need it since the fake fine has been dropped to $175mil
I guess this means both you and I are slick. Who knew?
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It seems like bad mojo to use the same ticker symbol from Trumps last public company that crashed and burned
If the board did allow him to sell shares before the lockout period the likely outcome would be for the stock to crash and the shareholder lawsuits would follow soon thereafter.
Also keep in mind that the company reported less than $3.5 million — that’s million, not billion — in revenue over the first three quarters of 2023, with reported losses more than 10 times that amount. Its monthly active users plunged 51% year over year in February and the number of unique visitors to Truth Social's website was 648,000, down 20% year over year.
It might make sense to buy this stock or attempt to short it if you're a skilled day trader but to buy this stock as some kind of long terms investment is akin to setting your money on fire.
So you’re saying that a loss has never happened with a new IPO in following months to not become successful?
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It seems like bad mojo to use the same ticker symbol from Trumps last public company that crashed and burned
If the board did allow him to sell shares before the lockout period the likely outcome would be for the stock to crash and the shareholder lawsuits would follow soon thereafter.
Also keep in mind that the company reported less than $3.5 million — that’s million, not billion — in revenue over the first three quarters of 2023, with reported losses more than 10 times that amount. Its monthly active users plunged 51% year over year in February and the number of unique visitors to Truth Social's website was 648,000, down 20% year over year.
It might make sense to buy this stock or attempt to short it if you're a skilled day trader but to buy this stock as some kind of long terms investment is akin to setting your money on fire.
When a company has what seems to be an out of wack valuation it’s predicated on explosive future growth. Most of the time, the company doesn’t deliver but with Trump the favorite to become President again, it’s not impossible.
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So you’re saying that a loss has never happened with a new IPO in following months to not become successful?
Again, valuations are predicated on future earnings. What the company made last year or even this year is water under the bridge. It’s what it’s going to do going forward. And that remains to be seen.
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Again, valuations are predicated on future earnings. What the company made last year or even this year is water under the bridge. It’s what it’s going to do going forward. And that remains to be seen.
Truth Social had a closing price today of ~ $66 and a market cap of 7.5 billion
They have about 500k active users in the US and that's a decrease from the prior year
Compare that to about 75 million for Twitter
Also, I suspect their user base is likely a very homogenous group (mostly Trump supporters) unlike Twitter
Where is the future revenue going to come from to support that valuation ?
In the last couple of days Trump has started selling Bibles for around 60 bucks and, although that is also ridiculous on so many levels it's still probably a better investment than single share of DJT
Everyone can make their own evaluation but this is likely to end in tears for most people who own the stock
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Truth Social had a closing price today of ~ $66 and a market cap of 7.5 billion
They have about 500k active users in the US and that's a decrease from the prior year
Compare that to about 75 million for Twitter
Also, I suspect their user base is likely a very homogenous group (mostly Trump supporters) unlike Twitter
Where is the future revenue going to come from to support that valuation ?
In the last couple of days Trump has started selling Bibles for around 60 bucks and, although that is also ridiculous on so many levels it's still probably a better investment than single share of DJT
Everyone can make their own evaluation but this is likely to end in tears for most people who own the stock
If I had to bet, I’d say you’re right. Most pie in the sky valuations end badly for investors.
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Where is Biden in the top 500 ???
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Where is Biden in the top 500 ???
The big guy is up there, his is just spread out in Swiss bank accounts.
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DJT is down to 22% this morning and currently sitting at ~ 48 dollars (which is probably still about 47 dollar and 99 cents more than it's worth)
Trump Media stock tanks as new filing reveals heavy losses, 'greater risks' on Trump's involvement
Trump Media & Technology Group (DJT), the parent company of Donald Trump's social media platform Truth Social, sank more than 22% in midday trading on Monday following its blockbuster debut last week.
The stock drop comes on the heels of an updated regulatory filing early Monday that showed the company taking on heavy losses and facing "greater risks" associated with the former president's ties to the platform.
According to the filing, Trump Media reported sales of just over $4 million as net losses reached nearly $60 million for the full-year ending Dec. 31. The company warned it expects losses to continue amid greater profitability challenges.
"TMTG has historically incurred operating losses and negative cash flows from operating activities," the filing read.
"TMTG expects to continue to incur operating losses and negative cash flows from operating activities for the foreseeable future, as it works to expand its user base, attracting more platform partners and advertisers."
One little problem - it's user base is declining rather than expanding
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Where is Biden in the top 500 ???
I know, right? According to Republican or right leaning folks, he is the head of a crime family which is in business with foreign countries for millions if not billions of dollars (including are our adversaries, China for example). Plus, he has been ripping off the U.S. government for unearned paychecks for more than five decades (since he first became a senator in 1972). He has never filed for bankruptcy, either personal or business related. He does not pay alimony since he has never been divorced. His wife has a net worth of $9 million. Hmmm, something is amiss, he should be wealthier than he is. His paltry net worth is approximately $10 million. Peanuts compared to Trump. He should start selling the New Revised Standard Version, Catholic Edition of the Bible for $60 a pop, and trading cards, although he does not have a mug shot to sell, so it is not clear what the trading cards would look like.
Oh, and BTW, Trump may not be in the top 500 for long. A week after it went public, folks realized today there was no way that stock was worth the risk as it begins the dissent to zip. At least Trump was worth a bundle on paper for a second or so before it got flushed down the toilet. What goes up, must come down. Duped again!
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I know, right? According to Republican or right leaning folks, he is the head of a crime family which is in business with foreign countries for millions if not billions of dollars (including are our adversaries, China for example). Plus, he has been ripping off the U.S. government for unearned paychecks for more than five decades (since he first became a senator in 1972). He has never filed for bankruptcy, either personal or business related. He does not pay alimony since he has never been divorced. His wife has a net worth of $9 million. Hmmm, something is amiss, he should be wealthier than he is. His paltry net worth is approximately $10 million. Peanuts compared to Trump. He should start selling the New Revised Standard Version, Catholic Edition of the Bible for $60 a pop, and trading cards, although he does not have a mug shot to sell, so it is not clear what the trading cards would look like.
Oh, and BTW, Trump may not be in the top 500 for long. A week after it went public, folks realized today there was no way that stock was worth the risk as it begins the dissent to zip. At least Trump was worth a bundle on paper for a second or so before it got flushed down the toilet. What goes up, must come down. Duped again!
Sounds like we will be hearing excuses in six months from the red hats.
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Sounds like we will be hearing excuses in six months from the red hats.
Do you really think it will take that long for the truth of this fiasco stock gimmick to be outed? Whether now or six months from now Coach and others will fabricate an excuse or explanation such as it is all another media 'witch hunt' and the stock is doing just fine as is Trump's fortune.
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(https://d1i4t8bqe7zgj6.cloudfront.net/thumbnails/56a80030e4b0f3f1795a9b2e/20160126_LAUGHINGimage.jpg)
;D
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I doubt their demise is imminent given that 300 million they received from the merger with Digital World Acquisition Corp but it at this point its unforeseeable how they actually increase their revenue much less make a profit. If you're a long term investor you better buckle for a bumpy ride down the drain.
This company seems like one of those classic dot.com bombs that went public but never had any hope of making money
Anyone remember Pets.com. They raised $82.5 million in a February 2000 IPO but filed for bankruptcy nine months later.
That's chump change compared to how much DJT raised. It's seems like a breach of public trust to pass along the stinkbomb to retail investors
Trump Media auditor warns that losses 'raise substantial doubt' about company's ability to continue
An auditor has raised doubts about the ability of Donald Trump's publicly traded company to stay in business, according to a new regulatory filing.
Trump Media and Technology Group, which operates the Truth Social platform, reported it lost $58.2 million in 2023 while generating total revenues of $4.1 million, according to the Monday filing with the Securities and Exchange Commission. Trump Media listed its largest expense for the year as interest payments totaling more than $39 million.
The filing includes a note from an independent accounting firm, Colorado-based BF Borgers CPA PC, warning that Trump Media's "operating losses raise substantial doubt about its ability to continue as a going concern." The firm has worked with Trump Media since 2022.
The note is dated March 25, the day before Trump's company started trading on the Nasdaq stock exchange under the symbol DJT, surging at first and earning comparisons to so-called meme stocks.
Shares of the company fell more than 21% to $48.66 on Monday. Its market value stood at more than $6.5 billion.
A spokesperson for Trump Media did not immediately respond to a request for comment.
In the filing, the company acknowledged that it expects to operate at a loss for the "foreseeable future" as it works to expand Truth Social's user base and attract more advertisers. It said it would be "premature" to predict when it will attain profitability and positive cash flows from its operations. It said it would need bridge funding of between $5 million and $60 million.
As of the end of 2023, Trump Media had about $2.6 million in cash on hand and total liabilities of $70.1 million, according to the filing. The company received an infusion of about $300 million from its merger a week ago with shell company Digital World Acquisition Corp.
https://www.nbcnews.com/business/business-news/trump-media-auditor-warns-losses-raise-doubt-company-rcna145831
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Do you really think it will take that long for the truth of this fiasco stock gimmick to be outed? Whether now or six months from now Coach and others will fabricate an excuse or explanation such as it is all another media 'witch hunt' and the stock is doing just fine as is Trump's fortune.
Trump will wind up making money from this and that was the one and only reason they went public...to pass along this bomb to stupid retail investors
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I wouldn’t invest anything with trump’s name on it right now. It’s too crazy. But that wouldn’t mean I wouldn’t in the future. Hell, look at Uber that just reported a profit after 3 or something years.
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I wouldn’t invest anything with trump’s name on it right now. It’s too crazy. But that wouldn’t mean I wouldn’t in the future. Hell, look at Uber that just reported a profit after 3 or something years.
He's one of the few people whose name is worth a lot of money. He doesn't own or build all of the hotels with his name on it. He had a "Trump Hotel" in Hawaii for many years, that he did not build. They just paid for the use of his name. The hotel recently rebranded.
I agree it is now risky to rely on his name, with him being Hitler and all, but I'm not sure he is any less risky than most investments.
Regarding Uber, I don't remember how long Amazon failed to make a profit, but it was quite a while. And we know how that played out.
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I know, right? According to Republican or right leaning folks, he is the head of a crime family which is in business with foreign countries for millions if not billions of dollars (including are our adversaries, China for example). Plus, he has been ripping off the U.S. government for unearned paychecks for more than five decades (since he first became a senator in 1972). He has never filed for bankruptcy, either personal or business related. He does not pay alimony since he has never been divorced. His wife has a net worth of $9 million. Hmmm, something is amiss, he should be wealthier than he is. His paltry net worth is approximately $10 million. Peanuts compared to Trump. He should start selling the New Revised Standard Version, Catholic Edition of the Bible for $60 a pop, and trading cards, although he does not have a mug shot to sell, so it is not clear what the trading cards would look like.
Oh, and BTW, Trump may not be in the top 500 for long. A week after it went public, folks realized today there was no way that stock was worth the risk as it begins the dissent to zip. At least Trump was worth a bundle on paper for a second or so before it got flushed down the toilet. What goes up, must come down. Duped again!
I would expect that Biden couldn't go bankrupt, he's been living off our tax dollars pretty much his entire life. When you're as crooked as he is all you have to do is sell your vote to the highest bidder and you'll have plenty of money. You keep talking about Trumps failures, I assume you would have given up and become a janitor instead of failing a few times and still succeeding often enough to become a billionaire.
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Do you really think it will take that long for the truth of this fiasco stock gimmick to be outed? Whether now or six months from now Coach and others will fabricate an excuse or explanation such as it is all another media 'witch hunt' and the stock is doing just fine as is Trump's fortune.
Six months is the waiting period for El Lardo to cash in. Unless he does so early and screws them over. What? He would do that? You don't say? ;D
Then again, in six months it could be worth 100 billion. April Fools.
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I would expect that Biden couldn't go bankrupt, he's been living off our tax dollars pretty much his entire life. When you're as crooked as he is all you have to do is sell your vote to the highest bidder and you'll have plenty of money. You keep talking about Trumps failures, I assume you would have given up and become a janitor instead of failing a few times and still succeeding often enough to become a billionaire.
One of the greatest success stories in American history.
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One of the greatest success stories in American history.
It's funny to me that people think dwelling on Trumps failures would minimize his successes.
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He's one of the few people whose name is worth a lot of money. He doesn't own or build all of the hotels with his name on it. He had a "Trump Hotel" in Hawaii for many years, that he did not build. They just paid for the use of his name. The hotel recently rebranded.
I agree it is now risky to rely on his name, with him being Hitler and all, but I'm not sure he is any less risky than most investments.
Regarding Uber, I don't remember how long Amazon failed to make a profit, but it was quite a while. And we know how that played out.
Well I am happy with Uber because I bought some right before they posted their earnings, I benefitted, at least for now, from a nice jump.
I know at one point his name was worth a lot. I don’t really know specifically when. Right now if his stock is tanking that means no one with money has confidence in him. That’s why Tesla hasn’t completely tanked because investors have seen Musk rebound many times.
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One of the greatest success stories in American history.
I don’t see that. He started with quite a bit. Do you know if he started with more or less advantages than Gates, Bezos, Buffet or Musk?
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I don’t see that. He started with quite a bit. Do you know if he started with more or less advantages than Gates, Bezos, Buffet or Musk?
So if someone gave you $100 and you used it to make $10,000 would that minimize your achievement?
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So if someone gave you $100 and you used it to make $10,000 would that minimize your achievement?
Not sure what you are getting at. If you are trying to say that what a person starts with doesn’t give them advantages over people who start with less I disagree. When you have more money to start with and have better connections that give access to other people’s money you will certainly have advantages over the person who starts with only $10,000, from a middle class neighborhood or low income one.
As for Trump. He has certainly achieved great things. But a great American success story? Nah.
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Not sure what you are getting at. If you are trying to say that what a person starts with doesn’t give them advantages over people who start with less I disagree. When you have more money to start with and have better connections that give access to other people’s money you will certainly have advantages over the person who starts with only $10,000, from a middle class neighborhood or low income one.
As for Trump. He has certainly achieved great things. But a great American success story? Nah.
I'm saying to take a small amount of money (relative to where he currently is) and turn it into huge profits takes some sort of skill, knowledge and technique to grow that initial amount. Of course the rich get richer, not exactly a surprise. According to Forbes there are 735 billionaires in the US. Wonder how many of them started with nothing, a few thousand bucks or a few million?
What would you consider a great American success story?
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I don’t see that. He started with quite a bit. Do you know if he started with more or less advantages than Gates, Bezos, Buffet or Musk?
He is literally one of the wealthiest persons on the planet. Yes his father was very successful, so that helped, but not everyone who has a successful parent becomes a billionaire. There is no denying that he is one of the most successful businessmen in American history.
I don't know the backstory of Gates, etc.
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It's funny to me that people think dwelling on Trumps failures would minimize his successes.
Yeah it's just dumb. You got people calling him a "grifter," etc. Absolutely ridiculous. He has had a number of business ventures fail. But the ones that were successful made him one of the wealthiest persons on earth.
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He is literally one of the wealthiest persons on the planet. Yes his father was very successful, so that helped, but not everyone who has a successful parent becomes a billionaire. There is no denying that he is one of the most successful businessmen in American history.
I don't know the backstory of Gates, etc.
From ChatGPT:
Donald Trump received substantial financial support and wealth from his father, Fred Trump, throughout his life. The exact amount is difficult to pinpoint due to the complexity of their financial transactions, but investigations and reports suggest it was at least hundreds of millions of dollars. The New York Times published an investigative report in 2018 revealing that Donald Trump received the equivalent of at least $413 million from his father's real estate empire, starting from his childhood and continuing into adulthood. This included not just inheritance but also loans, gifts, and other financial support. This figure contradicts Trump's narrative of having received a small loan of $1 million from his father, (Bezo got 250K from his parents, which was their life savings) which he claimed to have repaid and then built his own fortune independently. The report detailed various tax evasion schemes and wealth transfer tactics that were used to pass Fred Trump's wealth to his children.
What ever the truth is, I am not denying his accomplishments. I just don’t think he is anywhere near one of Americas greatest success stories.
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I'm saying to take a small amount of money (relative to where he currently is) and turn it into huge profits takes some sort of skill, knowledge and technique to grow that initial amount. Of course the rich get richer, not exactly a surprise. According to Forbes there are 735 billionaires in the US. Wonder how many of them started with nothing, a few thousand bucks or a few million?
What would you consider a great American success story?
Depends. How would you define success?
Like for example, would it be measured financially?
Or something like he immigrated legally with nothing, no education, no skills and was able to start a business from scratch, own land, savings etc. and pay for their children’s education?
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From ChatGPT:
Donald Trump received substantial financial support and wealth from his father, Fred Trump, throughout his life. The exact amount is difficult to pinpoint due to the complexity of their financial transactions, but investigations and reports suggest it was at least hundreds of millions of dollars. The New York Times published an investigative report in 2018 revealing that Donald Trump received the equivalent of at least $413 million from his father's real estate empire, starting from his childhood and continuing into adulthood. This included not just inheritance but also loans, gifts, and other financial support. This figure contradicts Trump's narrative of having received a small loan of $1 million from his father, (Bezo got 250K from his parents, which was their life savings) which he claimed to have repaid and then built his own fortune independently. The report detailed various tax evasion schemes and wealth transfer tactics that were used to pass Fred Trump's wealth to his children.
What ever the truth is, I am not denying his accomplishments. I just don’t think he is anywhere near one of Americas greatest success stories.
I don't know where ChatGPT got it's info, but it's based on "investigations and reports" and "equivalent" money. Not the most reliable source.
And Trump is objectively one of the most successful businessmen in American history. He literally has one of the most profitable and recognizable brands in the world (his name). He has developed billions in successful real estate projects. He has employed likely hundreds of thousands of people over the course of his career. He has a net worth that makes him wealthier than almost everyone in the country and the world. Many of the successful projects in New York are his. He owns and developed one the most profitable estates in the country in Mar-a-Lago. There is no way to reasonably deny any of this.
I get that a lot of people hate him since 2015, but if we are looking at his success in the historical context, it's pretty obvious.
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I don't know where ChatGPT go it's info, but it's based on "investigations and reports" and "equivalent" money. Not the most reliable source.
And Trump is objectively one of the most successful businessmen in American history. He literally has one of the most profitable and recognizable brands in the world (his name). He has developed billions in successful real estate projects. He has employed likely hundreds of thousands of people over the course of his career. He has a net worth places makes him wealthier than almost everyone in the country and the world. Many of the successful projects in New York are his. He owns and developed one the most profitable estates in the country in Mar-a-Lago. There is no way to reasonably deny any of this.
I get that a lot of people hate him since 2015, but if we are looking at his success in the historical context, it's pretty obvious.
ChatGPT isn’t 100% All the time, but I am willing to bet this is fairly accurate as Bing, Claude and others would probably say the same thing. I will try Claude tomorrow sometime.
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Depends. How would you define success?
Like for example, would it be measured financially?
Or something like he immigrated legally with nothing, no education, no skills and was able to start a business from scratch, own land, savings etc. and pay for their children’s education?
This is where I question whether or not you can answer the question. We are talking about financial success, you are downplaying Trumps success and when I ask for what you would consider an American success story you post this above.
Who or what entity would you consider an American success story?
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ChatGPT isn’t 100% All the time, but I am willing to bet this is fairly accurate as Bing, Claude and others would probably say the same thing. I will try Claude tomorrow sometime.
Don't know who or what Claude is, but ask him about this, which includes a list of the hotels, casinos, towers, golf courses, etc. that Trump either built or licensed all around the country and all around the world.
https://en.wikipedia.org/wiki/List_of_things_named_after_Donald_Trump
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This is where I question whether or not you can answer the question. We are talking about financial success, you are downplaying Trumps success and when I ask for what you would consider an American success story you post this above.
Who or what entity would you consider an American success story?
I am not down playing is success. I am being factual about it. He started with a shit load of money and advantages over normal people. Much more than Bezo, Gates, and Buffet. Oprah, John Shultz (Starbucks), Larry Ellison (oracle) and John Paul Debora (Paul Mitchel) started out with practically nothing. Becuase of that he is far from being one of americas greatest success stories.
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Don't know who or what Claude is, but ask him about this, which includes a list of the hotels, casinos, towers, golf courses, etc. that Trump either built or licensed all around the country and all around the world.
https://en.wikipedia.org/wiki/List_of_things_named_after_Donald_Trump
Claude is another AI platform that’s said to be better than ChatGPT.
My contention is not if Trump is successful. My contention is that Trump is not one of Americans greatest success stories. I say this because Trump started with an obscene amount of advantages over normal people. Even people like Gates, Musk and Bezos.
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Claude is another AI platform that’s said to be better than ChatGPT.
My contention is not if Trump is successful. My contention is that Trump is not one of Americans greatest success stories. I say this because Trump started with an obscene amount of advantages over normal people. Even people like Gates, Musk and Bezos.
So someone who has a huge advantage, and improves that advantage by orders of magnitude, becoming one of the most successful persons on planet earth, is discounted because of where they started from? I don't think that's a reasonable take, but ok.
And let's not mention this man then became one of 46 people in American history to become POTUS, despite campaigns by the FBI, DOJ, Obama, the media, academia, Hollywood, etc. Plus did an outstanding job as POTUS.
He did all this while being involved with beautiful women and has a beautiful wife. And raised three successful kids and one rising adult.
The man's life is a Hollywood movie.
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It's funny to me that people think dwelling on Trumps failures would minimize his successes.
You are right dwelling on the negative is unproductive. Timing is everything. Rather than rehashing ad nauseum Biden and Trump's histories, it could be more interesting to juxtapose these men in the present. Comparisons between the two should be based only on what occurs now, not the future, which is uncertain, and not on the past, which is unchangeable.
Does anyone know if the court date has been set for the NY fraud case appeal which Trump just paid with the $175 million bond? I can find nothing in the media that addresses this. The good news for Trump is if he wins the appeal, he pays no fine including the $175 million bond. The unwelcome news is if he loses the appeal he will have to cover the full amount of the fine plus interest. Can you imagine the stress this causes for him?
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So someone who has a huge advantage, and improves that advantage by orders of magnitude, becoming one of the most successful persons on planet earth, is discounted because of where they started from? I don't think that's a reasonable take, but ok.
And let's not mention this man then became one of 46 people in American history to become POTUS, despite campaigns by the FBI, DOJ, Obama, the media, academia, Hollywood, etc. Plus did an outstanding job as POTUS.
He did all this while being involved with beautiful women and has a beautiful wife. And raised three successful kids and one rising adult.
The man's life is a Hollywood movie.
In addtion to mutliple divorces, adultery, admitting to sexual harrassment on tape, under multiple inditments, including fraud, paying hush money, slander and possibly election interference and inciting the capitol riot.
Also, refusing to leave office with dignity when losing the election, being impeached, poor leadership and handling of the COVID pandemic and the riots.
Yes, even without all the crap above, he still isn't one of America's greatest success stories.
IMO having a "huge advantage" disqualifies him from any consideration as one of America's greatest success stories.
He is a success story, no doubt. But he also a degenerate bafoon... who ran against another, far worse option for us and then lost to an even worse one than her?
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So someone who has a huge advantage, and improves that advantage by orders of magnitude, becoming one of the most successful persons on planet earth, is discounted because of where they started from? I don't think that's a reasonable take, but ok.
And let's not mention this man then became one of 46 people in American history to become POTUS, despite campaigns by the FBI, DOJ, Obama, the media, academia, Hollywood, etc. Plus did an outstanding job as POTUS.
He did all this while being involved with beautiful women and has a beautiful wife. And raised three successful kids and one rising adult.
The man's life is a Hollywood movie.
Trump's life is definitely the stuff of a Hollywood movie and it gets more interesting each day.
People admire a rebel, like Trump, especially those who are anti the status quo.
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In addtion to mutliple divorces, adultery, admitting to sexual harrassment on tape, under multiple inditments, including fraud, paying hush money, slander and possibly election interference and inciting the capitol riot.
Also, refusing to leave office with dignity when losing the election, being impeached, poor leadership and handling of the COVID pandemic and the riots.
Yes, even without all the crap above, he still isn't one of America's greatest success stories.
IMO having a "huge advantage" disqualifies him from any consideration as one of America's greatest success stories.
He is a success story, no doubt. But he also a degenerate bafoon... who ran against another, far worse option for us and then lost to an even worse one than her?
That's really why you cannot admit the obvious. It's an emotional response based on hatred of the man. I was where you are 2016, and made an emotional decision, based in part on false info (allegedly mocking a disabled reporter) to not vote for him. But I was able to put the emotion aside and focus on what he actually did as POTUS (rather than what he said on Twitter, etc.). When I did that, I could clearly see and accept the fact he was an outstanding Commander in Chief, nailed the tax issue, and presided over one of the best economies in American history.
In the same vein, I can put the emotion aside and look at what he has accomplished during his amazing life.
I don't agree with all of your characterizations/descriptions of his bad acts, but I'll just address one: he did not incite a capitol riot. He expressly told his supporters to "peacefully and patriotically" protest. That's the opposite of incitement. It was a dumb thing to do, and terrible optics, but not incitement of a riot.
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Trump's life is definitely the stuff of a Hollywood movie and it gets more interesting each day.
People admire a rebel, like Trump, especially those who are anti the status quo.
That's how he entered in 2015: as a rebel. He still is. Part of the reason people hate him is he is outside the box and cannot be controlled. I wish he would control his mouth, but that's not who he is.
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That's really why you cannot admit the obvious. It's an emotional response based on hatred of the man. I was where you are 2016, and made an emotional decision, based in part on false info (allegedly mocking a disabled reporter) to not vote for him. But I was able to put the emotion aside and focus on what he actually did as POTUS (rather than what he said on Twitter, etc.). When I did that, I could clearly see and accept the fact he was an outstanding Commander in Chief, nailed the tax issue, and presided over one of the best economies in American history.
In the same vein, I can put the emotion aside and look at what he has accomplished during his amazing life.
I don't agree with all of your characterizations/descriptions of his bad acts, but I'll just address one: he did not incite a capitol riot. He expressly told his supporters to "peacefully and patriotically" protest. That's the opposite of incitement. It was a dumb thing to do, and terrible optics, but not incitement of a riot.
That’s why I said possibly. That’s still playing out. So we will see.
It’s not about emotion at all with me. He is a degenerate buffoon. Degenerate among other things that include adultery, paying hush money, and talking about grabbing a women’s vagina without her consent. A buffoon because of his lack of class and dignity and the crap that comes of his mouth as you have pointed out. All of which you seem to ignore or dismiss when you seem to characterize him as some great American hero. I think you are still being emotional.
Regardless, his record as president isn’t what this discussion is about. Let’s get back to the contention at hand: Trump is not one of America’s greatest success stories. I say that because he started with a huge advantage.
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That’s why I said possibly. That’s still playing out. So we will see.
It’s not about emotion at all with me. He is a degenerate buffoon. Degenerate among other things that include adultery, paying hush money, and talking about grabbing a women’s vagina without her consent. A buffoon because of his lack of class and dignity and the crap that comes of his mouth as you have pointed out. All of which you seem to ignore or dismiss when you seem to characterize him as some great American hero. I think you are still being emotional.
Regardless, his record as president isn’t what this discussion is about. Let’s get back to the contention at hand: Trump is not one of America’s greatest success stories. I say that because he started with a huge advantage.
Where exactly did I call Trump an American hero?
Zero emotion with me. Facts over feelings.
I'm looking at objective facts, all true, regarding what he has accomplished in life. Did you look at the link I posted earlier showing his hotels, casinos, golf courses, towers, etc. in the U.S. and around the world?
You want to omit his greatest accomplishment--being elected POTUS and his performance as POTUS--when talking about his success? That's silly.
But even if you just focus on what he accomplished before being elected POTUS, it's a list of accomplishments that few people in American history can claim. I get that your only criterion is whether he inherited a bunch of money, but that is really shortsighted. It assumes that everyone who comes from money cannot be considered incredibly successful, even if they greatly multiply what they inherited.
Now if you want to say that someone who comes from money does not have to work as hard as some kid from the projects, I'm all in. Just like I often say that Obama the Waianae High School graduate (in the hood) would have never sniffed the presidency. But Obama the Punahou School graduate (an Ivy League feeder school) had unlimited possibilities. But that's really a different issue.
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I am not down playing is success. I am being factual about it. He started with a shit load of money and advantages over normal people. Much more than Bezo, Gates, and Buffet. Oprah, John Shultz (Starbucks), Larry Ellison (oracle) and John Paul Debora (Paul Mitchel) started out with practically nothing. Becuase of that he is far from being one of americas greatest success stories.
Fair enough.
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That's how he entered in 2015: as a rebel. He still is. Part of the reason people hate him is he is outside the box and cannot be controlled. I wish he would control his mouth, but that's not who he is.
His biggest enemy.
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Where exactly did I call Trump an American hero?
And let's not mention this man then became one of 46 people in American history to become POTUS, despite campaigns by the FBI, DOJ, Obama, the media, academia, Hollywood, etc. Plus did an outstanding job as POTUS.
He did all this while being involved with beautiful women and has a beautiful wife. And raised three successful kids and one rising adult.
The man's life is a Hollywood movie.
Combine this with saying he is one of America's greatest success stories, how he's a rebel, and you are pretty much saying he is an American hero.
Zero emotion with me. Facts over feelings.
I'm looking at objective facts, all true, regarding what he has accomplished in life. Did you look at the link I posted earlier showing his hotels, casinos, golf courses, towers, etc. in the U.S. and around the world?
You want to omit his greatest accomplishment--being elected POTUS and his performance as POTUS--when talking about his success? That's silly.
But even if you just focus on what he accomplished before being elected POTUS, it's a list of accomplishments that few people in American history can claim. I get that your only criterion is whether he inherited a bunch of money, but that is really shortsighted. It assumes that everyone who comes from money cannot be considered incredibly successful, even if they greatly multiply what they inherited.
Now if you want to say that someone who comes from money does not have to work as hard as some kid from the projects, I'm all in. Just like I often say that Obama the Waianae High School graduate (in the hood) would have never sniffed the presidency. But Obama the Punahou School graduate (an Ivy League feeder school) had unlimited possibilities. But that's really a different issue.
He is an American success story. He took whatever he got from his father and grew an empire from it.
Here is what Claude had to say:
It's difficult to pinpoint an exact amount that Donald Trump received from his father Fred Trump to start his business empire. However, it's widely acknowledged that he benefited significantly from his father's wealth and real estate business in New York City.
Some key points about Donald Trump's inheritance and financial assistance from his father:
In the 1970s, Fred Trump allegedly lent his son at least $60 million, according to a 2018 New York Times investigation. This provided Donald with a huge amount of capital to reinvest in real estate.
Trump was also reported to have received the equivalent of at least $413 million from his father's business empire over his lifetime, according to the Times report. This was through loans, investment money, and inherited wealth.
Trump has downplayed this assistance over the years, claiming he built his empire with just a "small loan of $1 million" from his father. But most analysts agree the financial help was far more substantial than that.
Through opaque techniques like exploiting loopholes and undervaluing real estate, the Times reported the Trump family may have avoided paying hundreds of millions in gift taxes on money transferred to Donald from his father's empire.
So while an exact dollar figure is difficult to cite, financial experts agree Donald Trump benefited enormously from his father's an initial investment of tens of millions of dollars, if not more, to get his real estate business off the ground. The inherited money gave him a tremendous head start over starting from scratch.
60 million in 1979 (1970s) is equivalent to 247 million dollars today.
Donald Trump did well with that money creating a brand and a business empire worth 2-7 billion.
But no way does that make him one of Americas greatest success stories.
Add this to the context and it puts him even further away:
Mutliple divorces, adultery, admitting to sexual harrassment on tape, under multiple inditments, including fraud, paying hush money, slander and possibly election interference and inciting the capitol riot.
Also, refusing to leave office with dignity when losing the election, being impeached, poor leadership and handling of the COVID pandemic and the riots.
Now his merits as POTUS are not to be dismissed. He did good things for sure. Trade deals, tax cuts, job growth, etc.
But in the spirit of being objective, you can't dismiss his lack of moral character, lack of leadership late in his presidency, and lack of class leaving it. I mean for crying out loud, he talked about how committing sexual assault was ok on tape.
From an "emotional" POV lol, I should want him to go bankrupt with the fraud thing. However, I think its not right and mostly BS.
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Ozmo's stuff is fine, but as for the "grab her by the pussy", all he was conveying is that when you are rich and famous, women let you treat them differently.
I remember James Hetfield saying once, after a show, 8 women surrounded him, dragged him into the shower and all soaped him up and stuff. He could have grabbed any of their pussies without issue.
Same thing.
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Donald might have said it, Joe did DO it...
Joe "Tara Reade finger-rapist" Biden.
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Combine this with saying he is one of America's greatest success stories, how he's a rebel, and you are pretty much saying he is an American hero.
He is an American success story. He took whatever he got from his father and grew an empire from it.
Here is what Claude had to say:
60 million in 1979 (1970s) is equivalent to 247 million dollars today.
Donald Trump did well with that money creating a brand and a business empire worth 2-7 billion.
But no way does that make him one of Americas greatest success stories.
Add this to the context and it puts him even further away:
Mutliple divorces, adultery, admitting to sexual harrassment on tape, under multiple inditments, including fraud, paying hush money, slander and possibly election interference and inciting the capitol riot.
Also, refusing to leave office with dignity when losing the election, being impeached, poor leadership and handling of the COVID pandemic and the riots.
Now his merits as POTUS are not to be dismissed. He did good things for sure. Trade deals, tax cuts, job growth, etc.
But in the spirit of being objective, you can't dismiss his lack of moral character, lack of leadership late in his presidency, and lack of class leaving it. I mean for crying out loud, he talked about how committing sexual assault was ok on tape.
From an "emotional" POV lol, I should want him to go bankrupt with the fraud thing. However, I think its not right and mostly BS.
I did not call Trump an American hero and I did not "pretty much" call him an American hero. If you want to know the kinds of people I consider to be American heroes, check out this thread. Trump is nowhere to be found. https://www.getbig.com/boards/index.php?topic=323452.msg4584449#msg4584449
No one is an American hero because they have had a remarkably successful life. That is a total straw man.
Claude isn't anymore reliable than that other site. It relies on a "New York Times investigation." You gotta be kidding me. It says Trump was "reported" to have the equivalent of $413M loan from his father. Reported by whom? Not a reliable source.
But let's assume his father loaned him $60M (even though there is no proof of this). All that means is he had a tremendous head start. He could have gambled or snorted the money away. This isn't a situation where Trump's father built a billion dollar real estate empire and Trump just stepped in and took over. For example, if years from now we are having this discussion about Don Jr., Eric, or Ivanaka Trump, I would agree with you because the billion dollar business was already in place for them. But here, Trump took whatever his father loaned him and developed hotels, casinos, golf courses, towers, etc. all over the U.S. and all over the world and made his name/brand one of the most profitable and recognized in the world. You should look at the link I posted to get an idea of just how expansive and successful he as been. It's unreasonable to deny his success when you take an objective look at the facts.
Multiple divorces, adultery, multiple partisan, absolute BS indictments have zero to do with his success. If you are trying to say he is immoral then it might be relevant. But you discount the number of successful ventures he has that made him one of the wealthiest persons on earth because he cheated on his wife? That makes no sense.
I will definitely say that his poor judgment on January 6 does not change the incredible things he did as POTUS. No way. He didn't just do "good things." Lowering the corporate tax rate from the highest in the industrialized world to 21 percent was fantastic. That more than anything spurred the record-setting economic growth. Presiding over one of the best (if not the best) economies in history (according to an MSNBC host) is better than "good." Being the first president in decades not to start a military conflict is better than good. Taking back the territory we lost to ISIS in Iraq and Syria in less than one year is better than good. Record-setting employment numbers is better than good. Brokering peace deals in the Middle East and getting multiple Nobel Peace Prize nominations for what he actually did (instead of potential like Obama) is better than good. Making us energy independent was better than good. And how much are you paying for gas and food? There is more, but you can tell me that his conduct on January 6 overshadows what he accomplished, but it really isn't logical.
Grape Ape already addressed the "grab em" comment, but that Access Hollywood tape was from 2005. What does that have to do with his presidency?
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Combine this with saying he is one of America's greatest success stories, how he's a rebel, and you are pretty much saying he is an American hero.
He is an American success story. He took whatever he got from his father and grew an empire from it.
Here is what Claude had to say:
60 million in 1979 (1970s) is equivalent to 247 million dollars today.
Donald Trump did well with that money creating a brand and a business empire worth 2-7 billion.
But no way does that make him one of Americas greatest success stories.
Add this to the context and it puts him even further away:
Mutliple divorces, adultery, admitting to sexual harrassment on tape, under multiple inditments, including fraud, paying hush money, slander and possibly election interference and inciting the capitol riot.
Also, refusing to leave office with dignity when losing the election, being impeached, poor leadership and handling of the COVID pandemic and the riots.
Now his merits as POTUS are not to be dismissed. He did good things for sure. Trade deals, tax cuts, job growth, etc.
But in the spirit of being objective, you can't dismiss his lack of moral character, lack of leadership late in his presidency, and lack of class leaving it. I mean for crying out loud, he talked about how committing sexual assault was ok on tape.
From an "emotional" POV lol, I should want him to go bankrupt with the fraud thing. However, I think its not right and mostly BS.
The lack of moral character thing is hilarious, as if any president has been without his scandals and questionable morals. If only he had banged the chick with a cigar and blew his load all over her dress then he would be forgiven. :D Every president has questionable morals, read a little history and see for yourself. Difference is with Trump the media had it on rotate 24/7/365 on every single platform imaginable.
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The lack of moral character thing is hilarious, as if any president has been without his scandals and questionable morals. If only he had banged the chick with a cigar and blew his load all over her dress then he would be forgiven. :D Every president has questionable morals, read a little history and see for yourself. Difference is with Trump the media had it on rotate 24/7/365 on every single platform imaginable.
Maybe I am old-fashioned. But I want a POTUS with a moral character not limited to infidelity.
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Maybe I am old-fashioned. But I want a POTUS with a moral character not limited to infidelity.
Has that ever happened?
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I did not call Trump an American hero and I did not "pretty much" call him an American hero. If you want to know the kinds of people I consider to be American heroes, check out this thread. Trump is nowhere to be found. https://www.getbig.com/boards/index.php?topic=323452.msg4584449#msg4584449
I think you pretty much did. I think you are smitten with him.
No one is an American hero because they have had a remarkably successful life. That is a total straw man.
Claude isn't anymore reliable than that other site. It relies on a "New York Times investigation." You gotta be kidding me. It says Trump was "reported" to have the equivalent of $413M loan from his father. Reported by whom? Not a reliable source.
But let's assume his father loaned him $60M (even though there is no proof of this). All that means is he had a tremendous head start. He could have gambled or snorted the money away. This isn't a situation where Trump's father built a billion dollar real estate empire and Trump just stepped in and took over. For example, if years from now we are having this discussion about Don Jr., Eric, or Ivanaka Trump, I would agree with you because the billion dollar business was already in place for them. But here, Trump took whatever his father loaned him and developed hotels, casinos, golf courses, towers, etc. all over the U.S. and all over the world and made his name/brand one of the most profitable and recognized in the world. You should look at the link I posted to get an idea of just how expansive and successful he as been. It's unreasonable to deny his success when you take an objective look at the facts.
Multiple divorces, adultery, multiple partisan, absolute BS indictments have zero to do with his success. If you are trying to say he is immoral then it might be relevant. But you discount the number of successful ventures he has that made him one of the wealthiest persons on earth because he cheated on his wife? That makes no sense.
I will definitely say that his poor judgment on January 6 does not change the incredible things he did as POTUS. No way. He didn't just do "good things." Lowering the corporate tax rate from the highest in the industrialized world to 21 percent was fantastic. That more than anything spurred the record-setting economic growth. Presiding over one of the best (if not the best) economies in history (according to an MSNBC host) is better than "good." Being the first president in decades not to start a military conflict is better than good. Taking back the territory we lost to ISIS in Iraq and Syria in less than one year is better than good. Record-setting employment numbers is better than good. Brokering peace deals in the Middle East and getting multiple Nobel Peace Prize nominations for what he actually did (instead of potential like Obama) is better than good. Making us energy independent was better than good. And how much are you paying for gas and food? There is more, but you can tell me that his conduct on January 6 overshadows what he accomplished, but it really isn't logical.
Grape Ape already addressed the "grab em" comment, but that Access Hollywood tape was from 2005. What does that have to do with his presidency?
I think I should say this again. I am not dismissing or discounting his success. I am saying he is not one of America's greatest success stories.
PS. You should probably catch up on AI. Large language models and large action models are developing at a rapid rate. Very soon it's going to be like the computer on Star Trek.
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Has that ever happened?
Probably not. I don't expect a POTUS to be a saint. But I think we can agree there should be some standards.
I had a hard time explaining to my 10 and 13-year-old kids about Clinton.
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Congratulations are in order for Truth Social
DJT is now the most expensive stock to short...by far
Trump Media, which began being publicly traded last week, is now far and away the most expensive stock to sell short, according to S3 Partners, a leading financial data marketplace platform.
Investors who wanted to borrow Trump Media shares to sell them short on Wednesday would have had to pay financing costs of between 750% and 900% of the price of the stock annually, said Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners.
Meanwhile, existing short positions in Trump Media are paying costs of 565% annually, he said.
https://www.cnbc.com/2024/04/03/trump-media-is-the-most-expensive-us-stock-to-short-by-far.html
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The only thing Trumpy is successful at is getting involved in lawsuits, losing lawsuits, and conning people who support him.
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It's laughable to claim that Trump is some kind of self made success story
Fred Trump engaged in the same type of tax and asset fraud that his son has been convicted of in New York
He gave millions to all his kids through various schemes and tax dodges and his father bailed him out of multiple business failures well into his adult life
Trump's older sister resigned in February as an appellate court judge 10 days after a probe opened into her involvement in a family tax evasion scheme. The case into judicial misconduct was closed after Barry resigned because retired judges are not subject to judicial conduct rules
The Trump "family business" model starting with his father is based on fraud, grift, and cheating and not paying people who worked for you.
Every single part of the Trump success story is a lie and a scam.
This information has been in the public domain for 6+ years so it's really stunning that anyone still believes the myth that Trump is some kind of self made American success story.
https://www.marketwatch.com/story/trumps-father-gave-his-son-at-least-413-million-new-york-times-2018-10-02
https://www.cnbc.com/2018/10/02/trumps-small-loan-from-his-father-was-more-like-60point7-million-nyt.html
https://apnews.com/article/0452d29cd2564eaf97605ab90acc3a67
https://www.dailymail.co.uk/news/article-6912465/Trumps-sister-quit-federal-judge-probe-possible-role-family-tax-scam-opened.html
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The only thing Trumpy is successful at is getting involved in lawsuits, losing lawsuits, and conning people who support him.
This is his one actual real skill in life
I will give him credit for that
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It's laughable to claim that Trump is some kind of self made success story
Fred Trump engaged in the same type of tax and asset fraud that his son has been convicted of in New York
He gave millions to all his kids through various schemes and tax dodges and his father bailed him out of multiple business failures well into his adult life
Trump's older sister resigned in February as an appellate court judge 10 days after a probe opened into her involvement in a family tax evasion scheme. The case into judicial misconduct was closed after Barry resigned because retired judges are not subject to judicial conduct rules
The Trump "family business" model starting with his father is based on fraud, grift, and cheating and not paying people who worked for you.
Every single part of the Trump success story is a lie and a scam.
This information has been in the public domain for 6+ years so it's really stunning that anyone still believes the myth that Trump is some kind of self made American success story.
https://www.marketwatch.com/story/trumps-father-gave-his-son-at-least-413-million-new-york-times-2018-10-02
https://www.cnbc.com/2018/10/02/trumps-small-loan-from-his-father-was-more-like-60point7-million-nyt.html
https://apnews.com/article/0452d29cd2564eaf97605ab90acc3a67
https://www.dailymail.co.uk/news/article-6912465/Trumps-sister-quit-federal-judge-probe-possible-role-family-tax-scam-opened.html
Donald Trump is one of America's greatest success stories. And any website, AI, investigation, report etc. that says otherwise is complete bullshit. The man practically started with nothing, grew an empire, fucked beautiful women, and became the POTUS. A fucking miniseries should be made about him!! ;)
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I forgot to mention that the New York Times won a Pulitzer Prize for their story about Fred Trumps tax grift
Trump sued (of course) and lost (of course)
https://www.cnbc.com/2024/01/12/trump-ordered-to-pay-new-york-times-reporters-over-lawsuit.html
I'm aware that Trump supporters will not be swayed by any of these facts
Their devotion to Trump and his the myth of his success is not based on facts but rather a weird kind of emotional commitment to what they think he represents
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I forgot to mention that the New York Times won a Pulitzer Prize for their story about Fred Trumps tax grift
Trump sued (of course) and lost (of course)
https://www.cnbc.com/2024/01/12/trump-ordered-to-pay-new-york-times-reporters-over-lawsuit.html
I'm aware that Trump supporters will not be swayed by any of these facts
Their devotion to Trump and his the myth of his success is not based on facts but rather a weird kind of emotional commitment to what they think he represents
Obviously, the Pulitzer Prize people had TDS.
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Donald Trump is one of America's greatest success stories. And any website, AI, investigation, report etc. that says otherwise is complete bullshit. The man practically started with nothing, grew an empire, fucked beautiful women, and became the POTUS. A fucking miniseries should be made about him!! ;)
Trumpturds brag about how Trumpy banged porn stars.
Trumpy denies he ever had sex with porn stars.
Someone is a liar. ;)
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Maybe I am old-fashioned. But I want a POTUS with a moral character not limited to infidelity.
What were Jimmy Carter's questionable morals? There are many presidents whose morals never came into question. Anyone can assume anything about someone else (including their morals), this does not make it a fact.
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I think you pretty much did. I think you are smitten with him.
I think I should say this again. I am not dismissing or discounting his success. I am saying he is not one of America's greatest success stories.
PS. You should probably catch up on AI. Large language models and large action models are developing at a rapid rate. Very soon it's going to be like the computer on Star Trek.
Yes I am so smitten I didn't vote for him in 2016. lol Just a laughable red herring. :)
AI? Meh. If it's anything like you posted, I am not impressed. I don't need some AI telling me to rely on the New York Times or unnamed "reports" and sources, particularly when I have known reliable information. Sounds like those "fact checking" websites.
This entire conversation reminds me of two separate talks I had with a couple of Trump-hating friends during the first two years his of presidency. Both are very successful small business owners (although one recently retired). The first, a fairly young guy, said that after the Trump tax cuts and reduction in administrative rules, his business boomed and he was going to have the most profitable year ever. I asked him if he was now a Trump supporter. He said no way, because he thought Trump was a bad person just did not like him.
My other friend told me that Trump had accomplished nothing during his presidency. When I ran down the list of accomplishments, there was a pause, and he said: "But you would agree with me that he is a terrible person."
That's what Trump Derangement Syndrome and emotional decision making looks like. You are doing the same thing.
But I'm not going to repeat all of the objective facts that I laid out. Or repost the link showing just how extensive and expansive his success has been. The facts don't matter when you are caught up in your feelings.
So we can just agree to disagree.
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Yes I am so smitten I didn't vote for him in 2016. lol Just a laughable red herring. :)
AI? Meh. If it's anything like you posted, I am not impressed. I don't need some AI telling me to rely on the New York Times or unnamed "reports" and sources, particularly when I have known reliable information. Sounds like those "fact checking" websites.
This entire conversation reminds me of two separate talks I had with a couple of Trump-hating friends during the first two years his of presidency. Both are very successful small business owners (although one recently retired). The first, a fairly young guy, said that after the Trump tax cuts and reduction in administrative rules, his business boomed and he was going to have the most profitable year ever. I asked him if he was now a Trump supporter. He said no way, because he thought Trump was a bad person just did not like him.
My other friend told me that Trump had accomplished nothing during his presidency. When I ran down the list of accomplishments, there was a pause, and he said: "But you would agree with me that he is a terrible person."
That's what Trump Derangement Syndrome and emotional decision making looks like. You are doing the same thing.
But I'm not going to repeat all of the objective facts that I laid out. Or repost the link showing just how extensive and expansive his success has been. The facts don't matter when you are caught up in your feelings.
So we can just agree to disagree.
You should post that list you gave your friend of Trump's accomplishment while in office here on Getbig.
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You should post that list you gave your friend of Trump's accomplishment while in office here on Getbig.
I already did.
I did not call Trump an American hero and I did not "pretty much" call him an American hero. If you want to know the kinds of people I consider to be American heroes, check out this thread. Trump is nowhere to be found. https://www.getbig.com/boards/index.php?topic=323452.msg4584449#msg4584449
No one is an American hero because they have had a remarkably successful life. That is a total straw man.
Claude isn't anymore reliable than that other site. It relies on a "New York Times investigation." You gotta be kidding me. It says Trump was "reported" to have the equivalent of $413M loan from his father. Reported by whom? Not a reliable source.
But let's assume his father loaned him $60M (even though there is no proof of this). All that means is he had a tremendous head start. He could have gambled or snorted the money away. This isn't a situation where Trump's father built a billion dollar real estate empire and Trump just stepped in and took over. For example, if years from now we are having this discussion about Don Jr., Eric, or Ivanaka Trump, I would agree with you because the billion dollar business was already in place for them. But here, Trump took whatever his father loaned him and developed hotels, casinos, golf courses, towers, etc. all over the U.S. and all over the world and made his name/brand one of the most profitable and recognized in the world. You should look at the link I posted to get an idea of just how expansive and successful he as been. It's unreasonable to deny his success when you take an objective look at the facts.
Multiple divorces, adultery, multiple partisan, absolute BS indictments have zero to do with his success. If you are trying to say he is immoral then it might be relevant. But you discount the number of successful ventures he has that made him one of the wealthiest persons on earth because he cheated on his wife? That makes no sense.
I will definitely say that his poor judgment on January 6 does not change the incredible things he did as POTUS. No way. He didn't just do "good things." Lowering the corporate tax rate from the highest in the industrialized world to 21 percent was fantastic. That more than anything spurred the record-setting economic growth. Presiding over one of the best (if not the best) economies in history (according to an MSNBC host) is better than "good." Being the first president in decades not to start a military conflict is better than good. Taking back the territory we lost to ISIS in Iraq and Syria in less than one year is better than good. Record-setting employment numbers is better than good. Brokering peace deals in the Middle East and getting multiple Nobel Peace Prize nominations for what he actually did (instead of potential like Obama) is better than good. Making us energy independent was better than good. And how much are you paying for gas and food? There is more, but you can tell me that his conduct on January 6 overshadows what he accomplished, but it really isn't logical.
Grape Ape already addressed the "grab em" comment, but that Access Hollywood tape was from 2005. What does that have to do with his presidency?
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Yes I am so smitten I didn't vote for him in 2016. lol Just a laughable red herring. :)
AI? Meh. If it's anything like you posted, I am not impressed. I don't need some AI telling me to rely on the New York Times or unnamed "reports" and sources, particularly when I have known reliable information. Sounds like those "fact checking" websites.
This entire conversation reminds me of two separate talks I had with a couple of Trump-hating friends during the first two years his of presidency. Both are very successful small business owners (although one recently retired). The first, a fairly young guy, said that after the Trump tax cuts and reduction in administrative rules, his business boomed and he was going to have the most profitable year ever. I asked him if he was now a Trump supporter. He said no way, because he thought Trump was a bad person just did not like him.
My other friend told me that Trump had accomplished nothing during his presidency. When I ran down the list of accomplishments, there was a pause, and he said: "But you would agree with me that he is a terrible person."
That's what Trump Derangement Syndrome and emotional decision making looks like. You are doing the same thing.
But I'm not going to repeat all of the objective facts that I laid out. Or repost the link showing just how extensive and expansive his success has been. The facts don't matter when you are caught up in your feelings.
So we can just agree to disagree.
It's 2024, not 2016 and you a smitten lol. Don't worry I already submitted the idea for the Trump movie to Netflix.
How do they fit?
(https://images.axios.com/k5IzI7VsEegtEOmFyvWTD3tn554=/0x230:5673x3421/1920x1080/2024/02/18/1708262643268.jpg?w=1920)
Trump is a degenerate buffoon who started with a huge advantage, in the millions and was able to build a multibillion-dollar business and become POTUS while running against Hillary Clinton.
He did good things as POTUS (seriously!!!!) but also failed when it mattered for his reelection and left office like a classless scumbag.
He is in no way one of America's greatest success stories.
He is a success though, no doubt, not only in your heart, but in many millions more.
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It's 2024, not 2016 and you a smitten lol. Don't worry I already submitted the idea for the Trump movie to Netflix.
How do they fit?
(https://images.axios.com/k5IzI7VsEegtEOmFyvWTD3tn554=/0x230:5673x3421/1920x1080/2024/02/18/1708262643268.jpg?w=1920)
Trump is a degenerate buffoon who started with a huge advantage, in the millions and was able to build a multibillion-dollar business and become POTUS while running against Hillary Clinton.
He did good things as POTUS but also failed when it mattered for his reelection and left office like a classless scumbag.
He is in no way one of America's greatest success stories.
He is a success though, no doubt, not only in your heart, but in many millions more.
Do those shoes trigger you? lol
You're just repeating yourself, and ignoring facts, which is what people who have TDS and make decisions based on emotion do. But I just repeated myself too. :)
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Do those shoes trigger you? lol
You're just repeating yourself, and ignoring facts, which is what people who have TDS and make decisions based on emotion do. But I just repeated myself too. :)
I figured they would trigger you to put them on if you don't already have them on.
I have to keep repeating myself because keep trying to dismiss any information that doesn't support your opinion or focus the discussion on what the contention isn't about.
Keep gushing :)
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I figured they would trigger you to put them on if you don't already have them on.
I have to keep repeating myself because keep trying to dismiss any information that doesn't support your opinion or focus the discussion on what the contention isn't about.
Keep gushing :)
Talk about projection. lol
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Talk about projection. lol
::)
You are the one who thinks they should make a Hollywood movie about him lol
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::)
You are the one who thinks they should make a Hollywood movie about him lol
You don't have to invent things to make a point. I said his life is like a Hollywood movie (accurate), not that anyone should make a movie about him.
I wonder if they will invent a pill for you people with TDS? ;D
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Thanks for posting this list again for me.
Just to be clear, Trump touts that he was nominated for the Nobel Peace Prize 4 times. Christian Tybring-Gjedde, a far-right Norwegian politician says he nominated Trump for the Nobel Peace Prize in 2020. Also, Magnus Jacobsson nominated Trump for the prize in 2020. In 2019, Trump claimed in a White House press conference that Japan’s prime minister Shinzo Abe wrote him a letter in which he said he had nominated Trump for a Nobel Peace Prize. In 2018 Willy Amundsen together with Tybring-Gjedde, a member of Sweden’s Parliament announced they nominated Trump as well. lastly, Republican lawmaker Claudia Tenney nominated former President Trump for the Nobel Peace Prize this year (2024), However, none of these nominations can be proved because the Nobel Peace Prize committee does not release the names of the nominees for 50 years. Also, hundreds of folks and organizations are nominated every year. In the last 122 years 104 awards were awarded. Given Trump's penchant for lying, I do not put stock in his claims.
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Thanks for posting this list again for me.
Just to be clear, Trump touts that he was nominated for the Nobel Peace Prize 4 times. Christian Tybring-Gjedde, a far-right Norwegian politician says he nominated Trump for the Nobel Peace Prize in 2020. Also, Magnus Jacobsson nominated Trump for the prize in 2020. In 2019, Trump claimed in a White House press conference that Japan’s prime minister Shinzo Abe wrote him a letter in which he said he had nominated Trump for a Nobel Peace Prize. In 2018 Willy Amundsen together with Tybring-Gjedde, a member of Sweden’s Parliament announced they nominated Trump as well. lastly, Republican lawmaker Claudia Tenney nominated former President Trump for the Nobel Peace Prize this year (2024), However, none of these nominations can be proved because the Nobel Peace Prize committee does not release the names of the nominees for 50 years. Also, hundreds of folks and organizations are nominated every year. In the last 122 years 104 awards were awarded. Given Trump's penchant for lying, I do not put stock in his claims.
And Biden never lies. ::)
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Thanks for posting this list again for me.
Just to be clear, Trump touts that he was nominated for the Nobel Peace Prize 4 times. Christian Tybring-Gjedde, a far-right Norwegian politician says he nominated Trump for the Nobel Peace Prize in 2020. Also, Magnus Jacobsson nominated Trump for the prize in 2020. In 2019, Trump claimed in a White House press conference that Japan’s prime minister Shinzo Abe wrote him a letter in which he said he had nominated Trump for a Nobel Peace Prize. In 2018 Willy Amundsen together with Tybring-Gjedde, a member of Sweden’s Parliament announced they nominated Trump as well. lastly, Republican lawmaker Claudia Tenney nominated former President Trump for the Nobel Peace Prize this year (2024), However, none of these nominations can be proved because the Nobel Peace Prize committee does not release the names of the nominees for 50 years. Also, hundreds of folks and organizations are nominated every year. In the last 122 years 104 awards were awarded. Given Trump's penchant for lying, I do not put stock in his claims.
Of course you don't. You have the Abraham Accords staring you right in the face and at least one person saying they nominated him. But like I just posted earlier in this thread, this is exactly how TDS works. You cannot acknowledge basic facts because emotion gets in the way.
Always remember: facts over feelings.
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And Biden never lies. ::)
One person's lies do not justify another person's. I am not one to keep track of the number of lies someone tells, but my guess Trump wins the award for being the biggest liar. Your point is well taken though, once someone lies everything they say later is questionable.
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One person's lies do not justify another person's. I am not one to keep track of the number of lies someone tells, but my guess Trump wins the award for being the biggest liar. Your point is well taken though, once someone lies everything they say later is questionable.
Trump the bigger liar, I disagree.
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Trump the bigger liar, I disagree.
Time will tell, or not.
When it comes to the count, Forbes disagrees... at least in the first 100 days in office. https://www.forbes.com/sites/davidmarkowitz/2021/04/30/who-lied-more-during-their-first-100-days-biden-trump-or-obama/?sh=5fd811881a89
Whose tells the biggest lies in your opinion?
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Time will tell, or not.
When it comes to the count, Forbes disagrees... at least in the first 100 days in office. https://www.forbes.com/sites/davidmarkowitz/2021/04/30/who-lied-more-during-their-first-100-days-biden-trump-or-obama/?sh=5fd811881a89
Whose tells the biggest lies in your opinion?
Biden!
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Are we going to argue who is the bigger liar now?
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It's 2024, not 2016 and you a smitten lol. Don't worry I already submitted the idea for the Trump movie to Netflix.
How do they fit?
(https://images.axios.com/k5IzI7VsEegtEOmFyvWTD3tn554=/0x230:5673x3421/1920x1080/2024/02/18/1708262643268.jpg?w=1920)
Trump is a degenerate buffoon who started with a huge advantage, in the millions and was able to build a multibillion-dollar business and become POTUS while running against Hillary Clinton.
He did good things as POTUS (seriously!!!!) but also failed when it mattered for his reelection and left office like a classless scumbag.
He is in no way one of America's greatest success stories.
He is a success though, no doubt, not only in your heart, but in many millions more.
Hahahaha. They got the sneakers. They got the Bible. They already drinking the Kool Aid from their cult leader. Is there a comet in the sky? This is Heaven's Gate 2.0 :D
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https://www.cnn.com/2024/04/05/business/trump-media-stock-sinks-post-merger-low/index.html (https://www.cnn.com/2024/04/05/business/trump-media-stock-sinks-post-merger-low/index.html)
$40. Ouch
Good time to jump in if you think it will increase. Or you are sure he will win in November.
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Maybe I am old-fashioned. But I want a POTUS with a moral character not limited to infidelity.
Never in history. Biggest thing these days is the spread of rumors on the internet. Any rumor hits the ground is spread as fact immediately through all forms of media. Imagine if Roosevelt was around today? Kennedy? Think of all the things we've learned about former presidents, now imagine learning those things in the moment, as they happened. How many 2 term presidents do you think we'd have? ;D
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Never in history. Biggest thing these days is the spread of rumors on the internet. Any rumor hits the ground is spread as fact immediately through all forms of media. Imagine if Roosevelt was around today? Kennedy? Think of all the things we've learned about former presidents, now imagine learning those things in the moment, as they happened. How many 2 term presidents do you think we'd have? ;D
Yeah. Scary.
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Maybe I am old-fashioned. But I want a POTUS with a moral character not limited to infidelity.
Biden’s wife literally had an affair with Joe while she was still married to her then husband.
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Gotta love getting paid while the company is losing its ass. I know this isn't unheard of but still...
https://www.msn.com/en-us/money/companies/ar-BB1ldavJ (https://www.msn.com/en-us/money/companies/ar-BB1ldavJ)
Truth Social lost $58 million last year. Here’s who made money anyway.
Former president Donald Trump’s social media company generated just $4 million in revenue last year — about as much as the average McDonald’s franchise in the United States, according to a report last year by the fast-food industry publication QSR.
But that hasn’t stopped Trump Media & Technology Group, which runs Truth Social, from granting Trump a share package now worth billions of dollars — or from paying its leaders millions of dollars in salaries, bonuses and stock, according to documents it filed with the Securities and Exchange Commission.
Trump Media, based in Sarasota, Fla., has only 36 employees and lost $58 million last year, the filings show. The online analytics firm Similarweb estimates that Truth Social’s traffic is less than 1 percent of Reddit’s, a platform that received $800 million in revenue last year.
But a stock-market frenzy has supersized Trump Media’s value to about $5.5 billion — more than the market values of Macy’s, Columbia Sportswear and Alaska Airlines, which make billions in revenue a year.
The Washington Post shared with Trump Media the numbers it intended to highlight in this report, all of which were taken from the company’s filings. Trump Media spokeswoman Shannon Devine responded in a statement: “Truth Social just successfully launched as a public company, with a committed and expanding audience of millions of users, so it’s no surprise the partisan activists at The Washington Post — already the target of ongoing legal action for its defamatory reporting on us — would gin up this sort of ridiculous hit piece.”
Trump Media sued The Post for defamation last year, saying the news organization had reported incorrectly on allegations concerning its financing. A federal judge in Florida recently dismissed the case but said Trump Media could amend its complaint if it believes it can state a viable claim.
Donald Trump
Trump is Trump Media’s biggest shareholder, with 57.3 percent of the company, or 78.7 million shares — a stake worth about $3.2 billion based on the stock’s closing price Friday.
Through an “earnout” provision, Trump stands to receive another 36 million shares if the price stays above $17.50 for 20 days, which could happen as soon as April 26 and would raise his total stake to $4.7 billion.
A six-month “lockup” agreement says Trump can’t sell or transfer his shares until Sept. 25 — or possibly a few days earlier, if the stock hits a certain price threshold. Trump could ask the company’s board to waive that requirement but has yet to do so. The lockup also applies to company executives and board members.
The board
Three people on Trump Media’s seven-member board of directors have been compensated with either stock or cash or both.
Devin Nunes, Trump Media’s chief executive and president, received 115,000 shares, worth about $4.6 million. He was paid a $750,000 salary last year that increased to $1 million this year.
Nunes, a former Republican congressman from California, also will receive a $600,000 lump-sum “retention bonus” this month. A bonus agreement signed by Nunes said the money was designed to help “ensure the continuity” of Trump Media’s business.
Board member Eric Swider, who was chief executive of the special purpose acquisition company that merged with Trump Media, and Renatus, his consulting firm in Puerto Rico, received about 153,000 shares as part of the merger deal, a stake worth $6.2 million.
Another board member, Kash Patel, a former Nunes aide who served on Trump’s National Security Council, was paid $130,000 last year as part of a consulting agreement with his company, Trishul. A filing says Patel also serves as a “national security adviser to [Trump] as a private citizen” and receives payment for that service from Trump’s Save America political action committee.
The other four board members — Trump’s former trade representative Robert E. Lighthizer; Trump’s former Small Business Administration leader Linda McMahon; the Louisiana attorney W. Kyle Green; and Trump’s son Donald Trump Jr. — were not paid last year, though a filing said the board could give itself “stock as non-cash compensation … from time to time.”
One former board member, Dan Scavino Jr., a longtime Trump aide who led his White House’s social media operation and is now advising Trump’s presidential campaign, was paid $240,000 last year through a consulting agreement with his company, Hudson Digital. Scavino will also receive a $600,000 retention bonus this month.
Trump Media also issued a $2.2 million “executive promissory note” to Scavino. The company gave similar promissory notes to other executives, which automatically converted on the day of the merger into stock. The filings do not specify whether Scavino’s note was converted.
The executives
Trump Media’s chief financial officer, Phillip Juhan, received 490,000 shares, worth $19.8 million. He was paid $337,500 last year, and his salary jumped to $365,000 when the merger closed. He last worked as the finance chief of a chain of fitness clubs.
Chief operating officer Andrew Northwall received 20,000 shares, worth $812,000. He was paid $365,000 last year. Previously he worked at Parler, the social network that was popular among pro-Trump rioters at the U.S. Capitol on Jan. 6, 2021.
Juhan and Northwall also will receive $600,000 retention bonuses this month.
Other executives will receive a total of $1.24 million in bonuses. They include chief technology officer Vladimir Novachki, who also received 45,000 shares, worth $1.8 million, and general counsel Scott Glabe, who received 20,000 shares, worth $812,000. Glabe served as an associate White House counsel under Trump.
The founders
Trump Media co-founders Andy Litinsky and Wes Moss, who met Trump on “The Apprentice” and helped launch the business in 2021, received a combined 7.5 million shares through their partnership, United Atlantic Ventures, a stake worth about $304 million.
Arc Global Investments II, the biggest founding investor in Digital World Acquisition, the company that merged with Trump Media to take it public, said in a filing it received 13.3 million shares, worth about $539 million. A previous filing by Trump Media said Arc would receive 9.5 million shares.
Arc and Digital World are involved in a legal dispute regarding how many shares Arc is owed. Arc is managed by Digital World’s former chief executive Patrick Orlando.
The lenders
Trump Media said it had helped fund its operations by issuing 19 convertible notes since 2021 in exchange for loans with a total face value of more than $40 million. The holders of those notes, most of whom the filings do not identify, can convert the unpaid principal into stock. The company said several of the notes had been amended or extended since they were issued, and that it had an “ongoing disagreement” with one noteholder over their “differing interpretations of certain terms.”
The company also said it had issued convertible notes to unnamed investors for “working capital purposes” during the last quarter of 2023, and that more than $1 million of the notes remained outstanding by the end of the year.
The lawyers
The Trump Media deal sits at the center of four ongoing lawsuits, all of which were filed within the last two months:
Trump Media and Digital World sued Arc and Orlando in Florida, saying their “irrational and disturbing behavior” had “imposed massive costs” and caused “extensive reputational harm.”
Litinsky and Moss’ United Atlantic Ventures sued Trump Media in Delaware, saying Trump had pushed a “last-minute stock grab” that would dilute their shares. Trump is scheduled to be deposed in that lawsuit this month.
Arc sued Digital World, its chief executive and three board members in Delaware, saying they had worked to deprive Orlando of millions of shares.
Trump Media sued Moss, Litinsky and Orlando in Florida, accusing the co-founders of mismanaging the company with a “toxic corporate culture” and seeking to force the forfeiture of their shares. The Delaware judge in the United Atlantic Ventures lawsuit said at a hearing April 1 that he was “gobsmacked” that Trump Media filed this suit when the dispute was already playing out in his court.
Digital World said it spent $19.6 million on “legal investigations” last year, mostly due to its $18 million settlement with the SEC, a Trump Media filing shows.
Trump Media also agreed last year to pay an unnamed law firm $500,000 for services, the filing said. In November, the firm was issued a $500,000 convertible note with a conversion price of $10 per share; that stake is worth $2 million today.
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Gotta love getting paid while the company is losing its ass. I know this isn't unheard of but still...
https://www.msn.com/en-us/money/companies/ar-BB1ldavJ (https://www.msn.com/en-us/money/companies/ar-BB1ldavJ)
Truth Social lost $58 million last year. Here’s who made money anyway.
Former president Donald Trump’s social media company generated just $4 million in revenue last year — about as much as the average McDonald’s franchise in the United States, according to a report last year by the fast-food industry publication QSR.
But that hasn’t stopped Trump Media & Technology Group, which runs Truth Social, from granting Trump a share package now worth billions of dollars — or from paying its leaders millions of dollars in salaries, bonuses and stock, according to documents it filed with the Securities and Exchange Commission.
Trump Media, based in Sarasota, Fla., has only 36 employees and lost $58 million last year, the filings show. The online analytics firm Similarweb estimates that Truth Social’s traffic is less than 1 percent of Reddit’s, a platform that received $800 million in revenue last year.
But a stock-market frenzy has supersized Trump Media’s value to about $5.5 billion — more than the market values of Macy’s, Columbia Sportswear and Alaska Airlines, which make billions in revenue a year.
The Washington Post shared with Trump Media the numbers it intended to highlight in this report, all of which were taken from the company’s filings. Trump Media spokeswoman Shannon Devine responded in a statement: “Truth Social just successfully launched as a public company, with a committed and expanding audience of millions of users, so it’s no surprise the partisan activists at The Washington Post — already the target of ongoing legal action for its defamatory reporting on us — would gin up this sort of ridiculous hit piece.”
Trump Media sued The Post for defamation last year, saying the news organization had reported incorrectly on allegations concerning its financing. A federal judge in Florida recently dismissed the case but said Trump Media could amend its complaint if it believes it can state a viable claim.
Donald Trump
Trump is Trump Media’s biggest shareholder, with 57.3 percent of the company, or 78.7 million shares — a stake worth about $3.2 billion based on the stock’s closing price Friday.
Through an “earnout” provision, Trump stands to receive another 36 million shares if the price stays above $17.50 for 20 days, which could happen as soon as April 26 and would raise his total stake to $4.7 billion.
A six-month “lockup” agreement says Trump can’t sell or transfer his shares until Sept. 25 — or possibly a few days earlier, if the stock hits a certain price threshold. Trump could ask the company’s board to waive that requirement but has yet to do so. The lockup also applies to company executives and board members.
The board
Three people on Trump Media’s seven-member board of directors have been compensated with either stock or cash or both.
Devin Nunes, Trump Media’s chief executive and president, received 115,000 shares, worth about $4.6 million. He was paid a $750,000 salary last year that increased to $1 million this year.
Nunes, a former Republican congressman from California, also will receive a $600,000 lump-sum “retention bonus” this month. A bonus agreement signed by Nunes said the money was designed to help “ensure the continuity” of Trump Media’s business.
Board member Eric Swider, who was chief executive of the special purpose acquisition company that merged with Trump Media, and Renatus, his consulting firm in Puerto Rico, received about 153,000 shares as part of the merger deal, a stake worth $6.2 million.
Another board member, Kash Patel, a former Nunes aide who served on Trump’s National Security Council, was paid $130,000 last year as part of a consulting agreement with his company, Trishul. A filing says Patel also serves as a “national security adviser to [Trump] as a private citizen” and receives payment for that service from Trump’s Save America political action committee.
The other four board members — Trump’s former trade representative Robert E. Lighthizer; Trump’s former Small Business Administration leader Linda McMahon; the Louisiana attorney W. Kyle Green; and Trump’s son Donald Trump Jr. — were not paid last year, though a filing said the board could give itself “stock as non-cash compensation … from time to time.”
One former board member, Dan Scavino Jr., a longtime Trump aide who led his White House’s social media operation and is now advising Trump’s presidential campaign, was paid $240,000 last year through a consulting agreement with his company, Hudson Digital. Scavino will also receive a $600,000 retention bonus this month.
Trump Media also issued a $2.2 million “executive promissory note” to Scavino. The company gave similar promissory notes to other executives, which automatically converted on the day of the merger into stock. The filings do not specify whether Scavino’s note was converted.
The executives
Trump Media’s chief financial officer, Phillip Juhan, received 490,000 shares, worth $19.8 million. He was paid $337,500 last year, and his salary jumped to $365,000 when the merger closed. He last worked as the finance chief of a chain of fitness clubs.
Chief operating officer Andrew Northwall received 20,000 shares, worth $812,000. He was paid $365,000 last year. Previously he worked at Parler, the social network that was popular among pro-Trump rioters at the U.S. Capitol on Jan. 6, 2021.
Juhan and Northwall also will receive $600,000 retention bonuses this month.
Other executives will receive a total of $1.24 million in bonuses. They include chief technology officer Vladimir Novachki, who also received 45,000 shares, worth $1.8 million, and general counsel Scott Glabe, who received 20,000 shares, worth $812,000. Glabe served as an associate White House counsel under Trump.
The founders
Trump Media co-founders Andy Litinsky and Wes Moss, who met Trump on “The Apprentice” and helped launch the business in 2021, received a combined 7.5 million shares through their partnership, United Atlantic Ventures, a stake worth about $304 million.
Arc Global Investments II, the biggest founding investor in Digital World Acquisition, the company that merged with Trump Media to take it public, said in a filing it received 13.3 million shares, worth about $539 million. A previous filing by Trump Media said Arc would receive 9.5 million shares.
Arc and Digital World are involved in a legal dispute regarding how many shares Arc is owed. Arc is managed by Digital World’s former chief executive Patrick Orlando.
The lenders
Trump Media said it had helped fund its operations by issuing 19 convertible notes since 2021 in exchange for loans with a total face value of more than $40 million. The holders of those notes, most of whom the filings do not identify, can convert the unpaid principal into stock. The company said several of the notes had been amended or extended since they were issued, and that it had an “ongoing disagreement” with one noteholder over their “differing interpretations of certain terms.”
The company also said it had issued convertible notes to unnamed investors for “working capital purposes” during the last quarter of 2023, and that more than $1 million of the notes remained outstanding by the end of the year.
The lawyers
The Trump Media deal sits at the center of four ongoing lawsuits, all of which were filed within the last two months:
Trump Media and Digital World sued Arc and Orlando in Florida, saying their “irrational and disturbing behavior” had “imposed massive costs” and caused “extensive reputational harm.”
Litinsky and Moss’ United Atlantic Ventures sued Trump Media in Delaware, saying Trump had pushed a “last-minute stock grab” that would dilute their shares. Trump is scheduled to be deposed in that lawsuit this month.
Arc sued Digital World, its chief executive and three board members in Delaware, saying they had worked to deprive Orlando of millions of shares.
Trump Media sued Moss, Litinsky and Orlando in Florida, accusing the co-founders of mismanaging the company with a “toxic corporate culture” and seeking to force the forfeiture of their shares. The Delaware judge in the United Atlantic Ventures lawsuit said at a hearing April 1 that he was “gobsmacked” that Trump Media filed this suit when the dispute was already playing out in his court.
Digital World said it spent $19.6 million on “legal investigations” last year, mostly due to its $18 million settlement with the SEC, a Trump Media filing shows.
Trump Media also agreed last year to pay an unnamed law firm $500,000 for services, the filing said. In November, the firm was issued a $500,000 convertible note with a conversion price of $10 per share; that stake is worth $2 million today.
What are the betting odds he will do so? :D
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If he is going to do it... better do it fast. ;D
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Trump Media stock erases all gains since it began trading as DJT as shares fall another 11% Monday
https://www.google.com/search?client=firefox-b-1-d&q=Trump+Media+stock+erases+all+gains+since+it+began+trading+as+DJT+as+shares+fall+another+11%25+Monday
Shares of Trump Media have erased all their gains since they began trading under the ticker DJT last month.
As of Monday afternoon, the stock was priced at about $36 — down from a high of $66 seen March 27.
Donald Trump, who owns a majority of the company’s shares, has seen his net worth move in tandem, falling from a high of about $5.2 billion down to about $2.9 billion.
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Anyone want to admit to buying this stock?
Give it another 2 months and it goes below $20 I might 5-10 shares
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Hahahha.... he is sooooo rich. And his supporters are sooooo stupid. In his latest GRIFTING email :
Trump slammed his “sham trial” and warned “all hell will break loose” unless he got a new injection of financial support.
Hurry up and donate more now. Nobody cares if your kids go hungry or without their insulin. What's a 3rd or 4th mortgage on the trailer? Good thing Biden has those amazing job numbers last month so you can get a second job and send more money.
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Hahahha.... he is sooooo rich. And his supporters are sooooo stupid. In his latest GRIFTING email :
Trump slammed his “sham trial” and warned “all hell will break loose” unless he got a new injection of financial support.
Hurry up and donate more now. Nobody cares if your kids go hungry or without their insulin. What's a 3rd or 4th mortgage on the trailer? Good thing Biden has those amazing job numbers last month so you can get a second job and send more money.
Your boy is polling in the 30's. Congrats, you're right in there. Meanwhile, Trump raised over $100mil in the first four weeks since he started campaigning. Mostly from small donations.
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His poll numbers will go up before that stock does. :)
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Never heard of another billionaire asking for handouts. Grift baby grift.
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Trump no longer on Bloomberg Billionaires Index after Truth Social stock plummets
https://www.google.com/search?client=firefox-b-1-d&q=Trump+guy+on+Bloomberg+Billionaires+Index+after+Truth+Social+stock+plummets
rump Media shares have been slipping. So has Donald Trump’s net worth.
Trump is no longer listed on the Bloomberg Billionaires Index, a daily ranking of the world’s 500 richest people, after the stock price for Trump Media – the parent company behind the former president’s social media company Truth Social – took a nosedive.
Shares dipped 12% on Friday, 8% on Monday and were down another 2% late Tuesday morning to trade at $36.35. That’s down more than 50% since its peak of $79.38 in late March.
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His poll numbers will go up before that stock does. :)
Seems like your boy is trying crash the market. Loss last week, on the way to a loss this week. Almost 4 years the markets have barely moved when you adjust for inflation. On the other hand. And I know you don’t understand this because, well, you’re an idiot. Truth Social carries no debt and over $200 million in cash.
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The retard as usual, retards.
You can't blame the market for a shitty stock. But don't worry, only 5 months, 2 weeks to go before he can sell his shares and then we will see what it is worth. :D
It will be worth about as much as your prediction of those truckers disrupting NYC. How did that turn out by the way? :D :D :D :D
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The retard as usual, retards.
You can't blame the market for a shitty stock. But don't worry, only 5 months, 2 weeks to go before he can sell his shares and then we will see what it is worth. :D
It will be worth about as much as your prediction of those truckers disrupting NYC. How did that turn out by the way? :D :D :D :D
Apparently being the dip shit, you are, you don’t understand what having zero debt and almost a quarter of $1 billion in cash for any business means, do you? Now I know liberals like yourself like to live your life in complete debt and leverage off of whatever you can just to get by. Otherwise you would not think for one second that this economy is anything but shit. So what happened $200 million plus in cash means, dip shit it means he has that money to reinvest back in to the business. There is your business 101 lesson for the day.
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Apparently being the dip shit, you are, you don’t understand what having zero debt and almost a quarter of $1 billion in cash for any business means, do you? Now I know liberals like yourself like to live your life in complete debt and leverage off of whatever you can just to get by. Otherwise you would not think for one second that this economy is anything but shit. So what happened $200 million plus in cash means, dip shit it means he has that money to reinvest back in to the business. There is your business 101 lesson for the day.
Retard continues to retard.
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Never in history. Biggest thing these days is the spread of rumors on the internet. Any rumor hits the ground is spread as fact immediately through all forms of media. Imagine if Roosevelt was around today? Kennedy? Think of all the things we've learned about former presidents, now imagine learning those things in the moment, as they happened. How many 2 term presidents do you think we'd have? ;D
Truer words you have never spoken.
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Dropped off the top 500?
https://newrepublic.com/post/180577/truth-social-humiliating-blow-trump-brag (https://newrepublic.com/post/180577/truth-social-humiliating-blow-trump-brag)
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$26 dollars today! 20 bucks here we come!
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$26 dollars today! 20 bucks here we come!
I can't picture any more social media really "taking off" anyways...
Even the stuff in use (FB, X, etc) total garbage...
Dont worry, all the "leaders" (Orange, Shitter, etc) will always be rich and take advantage of their partys sheep...
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I can't picture any more social media really "taking off" anyways...
Even the stuff in use (FB, X, etc) total garbage...
Dont worry, all the "leaders" (Orange, Shitter, etc) will always be rich and take advantage of their partys sheep...
FB went from $90 in 2022 to $500 today. That would have been a good stock to buy. Of course, hindsight is 20/20 lol
I wonder if Trump's is worth the bet to have a jump like that.
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I can't picture any more social media really "taking off" anyways...
Even the stuff in use (FB, X, etc) total garbage...
Dont worry, all the "leaders" (Orange, Shitter, etc) will always be rich and take advantage of their partys sheep...
I agree. There isn't really much you can do to break new ground with social media. Not sure how facebook's attempt to compete with X is going (Threads), but I haven't even taken a cursory look. I would imagine there are a lot of people like me.
Of course, someone could have said the same thing when Myspace came out. . . .
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Hahahahaha. You don't say?
Like longtime Republican strategist Rick Wilson once said: "Everything Trump touches dies."
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Trump Supporters Horrified as the Value of Their "Truth Social" Stock Evaporates
https://www.google.com/search?client=firefox-b-1-d&q=Trump+Supporters+Horrified+as+the+Value+of+Their+%22Truth+Social%22+Stock+Evaporates
Investors who poured their hard-earned cash into former president Donald Trump's Truth Social meme stock — while ignoring an astronomical number of red flags — are experiencing a rude awakening.
As the Washington Post reports, Trump supporters are seething as the value of the social media platform's parent company Trump Media & Technology Group (TMTG) continues to plummet (it's fallen an astonishing 16 percent just since markets opened this morning.)
"Sick of MY investment money being stolen!!" one user wrote in a Truth Social post, as quoted by WaPo, accusing Wall Street of unfairly shorting the stock. "They’re stealing peoples [sic] money and you’re allowing it!!"
Scamtown
Ever since the company merged with a blank check acquisition company, effectively allowing the far-right social media platform to be publicly traded, shares have been in freefall, wiping out any initial gains.
The latest plunge comes after TMTG announced it was planning to issue millions of additional shares.
As of this morning, shares have fallen well below $30, significantly less than what they were worth at the time of TMTG's merger and well under half what it was worth just two weeks ago.
Analysts have been shouting from the rooftops that Trump's cash grab was nothing more than a "scam" and that investors should stay far away. Yet plenty of the former president's most diehard fans have yet to be dissuaded.
"I know good and well it’s in Trump’s hands, and he’s got plans," 71-year-old Oklahoma City native Jerry McClain, who invested in the stock, told WaPo. "I have no doubt it’s going to explode sometime."
MAGA Forever
In reality, TMTG's executives are already locking down millions of dollars in payouts, leaving investors out to dry.
Bafflingly, some investors have made their peace with that, highlighting the fervor and fanaticism of Trump's most ardent supporters. To them, it's not about the money — it's about showing that they care by making a disastrous investment.
"If I lose it, fine. If I make a profit, wonderful," prominent conservative commentator Carol Swain, who put in $1,000, told WaPo. "But at the end of the day, I wanted to show my support."
"There’s such an effort to destroy him and strip his wealth away, and so much glee about it," she added. "I would like to see him be a winner."
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Donald Trump set to receive $1.25 billion worth of Trump Media stock in DJT earnout bonus
PUBLISHED APR 22 2024
Dan Mangan
@_DANMANGAN
https://www.cnbc.com/2024/04/22/djt-trump-set-to-get-millions-more-trump-media-shares.html