Mega-Thread: Trump Focused Discussion

[Breccia]

“Chosen one,” then, isn’t just rhetoric. It’s a deeply held part of who Trump is – and always has been.

Trump Shit Posts 71 Times Easter Morning Including One About His Own Crucifixion

To be fair, Trump reposted the Washington Times article about "The Crusifixion of Donald Trump". And in case you're wondering, yes they drew a very direct parallel pointing out how Jesus was arrested on nothing, tried and convicted on nothing, and executed for nothing. Thankfully, it is an opinion piece, and spares me from saying things like "all Trump supporters are now Trump worshippers until they say otherwise".

Oh, it's still hypocritical and blasphemous, but at least it's an opinion.

P.S. Trump attacked the judge and the judge's family multiple times in those posts.

[Edge-]

Trump Shit Posts 71 Times Easter Morning Including One About His Own Crucifixion

To be fair, Trump reposted the Washington Times article about "The Crusifixion of Donald Trump". And in case you're wondering, yes they drew a very direct parallel pointing out how Jesus was arrested on nothing, tried and convicted on nothing, and executed for nothing. Thankfully, it is an opinion piece, and spares me from saying things like "all Trump supporters are now Trump worshippers until they say otherwise".

Oh, it's still hypocritical and blasphemous, but at least it's an opinion.

P.S. Trump attacked the judge and the judge's family multiple times in those posts.

Most people in the US spent the day with their families, or working if they had to.

Donald just chose to be mad all day. Doesn't he have a beautiful golf club or something that he likes bragging about? Does nothing spark joy in his life?

[Breccia]

Does nothing spark joy in his life?

Donald Trump sees life as a zero-sum game and he always has. For there to be joy in his life, he must make someone else sad.

You'd think Melania would be enough.

[Rasulis]

The problem with going public is that the company's finances also become public knowledge. Here is latest financial statement for Trump Media & Technology Group Corp.

https://www.sec.gov/ix?doc=/Archives...0025342_8k.htm

The company spent $58m in 2023, and generated revenue of $4m. It's 4th quarter 2023 advertising revenue was a measly $751,000. Over 25 percent decrease from the more than $1 million it pulled in the 3rd quarter of 2023.

That company is a money incinerator. If Trump want to cash out, he better does it early. Waiting six months is too long. The stock will be penny stock by then. Unfortunately for his investors, the moment he cashes out, overnight the stock will become penny stock.

- - - Updated - - -

Even veteran stock option traders think this is crazy.

Why is there an unprecedented level of interesting in shorting #DJT (Truth Social stock)?

One apparent reason:
This “$13 Billion” company has less revenue than the small lumber yard next to my parent’s house.

Currently trading at a Market Cap / Revenue ratio of around 1,500x (many companies have a multiple of 1x)

[cubby]

I'm certain that there will be more of a loss than any gains. The zealots are in no matter what. But most mainstream Christians don't fall in that category. The Christian reaction to Trump’s Bible endorsement goes deeper than you think
They may not vote for Biden, but they won't vote for someone that profaned their beliefs either. Prediction; the turnout for Trump will be similar to his rallies. Too many will stay home. A net win for Biden...and the media of course. (This presumes Trump isn't dead or in jail by Nov...or more incapacitated than he is now)

That is a good point - the negativity that Trump continues to bring upon himself might not cause GOP'ers to vote for Biden, but it will curb their enthusiasm for going to the polls - which, while not quite the same, is a step in the right direction.

[Edge-]

Even veteran stock option traders think this is crazy.

I'm curious to see how long they can keep it artificially inflated like this. I'm skeptical they'll have even anywhere near the sustained success of the GME apes and all, but I do love a lot of people realizing how much of the stock market valuation ends up frequently being driven by irrational investor beliefs.

[ringpriest]

The problem with going public is that the company's finances also become public knowledge. Here is latest financial statement for Trump Media & Technology Group Corp.

https://www.sec.gov/ix?doc=/Archives...0025342_8k.htm

The company spent $58m in 2023, and generated revenue of $4m. It's 4th quarter 2023 advertising revenue was a measly $751,000. Over 25 percent decrease from the more than $1 million it pulled in the 3rd quarter of 2023.

That company is a money incinerator. If Trump want to cash out, he better does it early. Waiting six months is too long. The stock will be penny stock by then. Unfortunately for his investors, the moment he cashes out, overnight the stock will become penny stock.

- - - Updated - - -

Even veteran stock option traders think this is crazy.

All these financial rundowns of Trump Media & Technology Group, while they are accurate, miss the point. At no point has there ever been more than the minimum necessary legal pretense that this was intended to be a successful business, in terms of producing revenue from a good or service that people would pay for. The goal was to get DJT listed as a stock, which it now is. The next step is some mix of grift (getting his cultists and other suckers to pay for it), and money laundering (interested parties, in the United States or outside of it can now buy shares of Donald J. Trump, Presidential candidate).

The value is not in Truth Social as a business - that's clearly worthless. The value is that Trump cultists may buy the stock (and he does have a lot of very stupid cultists) and that the stock may be used to bribe Donald Trump (and he is certainly well known to be very corrupt).

Personally, I like Warren Buffet's model of investing in things that have real value, but are undervalued. But the US stock market more generally resembles an extended and diverse outbreak of tulip mania than investing on fundamentals. In such a market, betting on "Trump runs a cult and is corrupt" makes as much sense as many other stocks.

[Lenonis]

The problem with going public is that the company's finances also become public knowledge. Here is latest financial statement for Trump Media & Technology Group Corp.

If anyone is still in doubt whether or not the Trump base is a cult this puts it into numbers. There is no reason why a company that just came out basically saying "hey, we're going to go bankrupt and shutdown because we don't have a working financial model" it still trading at almost $50 a share.

It's insane and just people throwing their money at anything called Trump because they are in a cult.

[Rasulis]

All these financial rundowns of Trump Media & Technology Group, while they are accurate, miss the point. At no point has there ever been more than the minimum necessary legal pretense that this was intended to be a successful business, in terms of producing revenue from a good or service that people would pay for. The goal was to get DJT listed as a stock, which it now is. The next step is some mix of grift (getting his cultists and other suckers to pay for it), and money laundering (interested parties, in the United States or outside of it can now buy shares of Donald J. Trump, Presidential candidate).

The value is not in Truth Social as a business - that's clearly worthless. The value is that Trump cultists may buy the stock (and he does have a lot of very stupid cultists) and that the stock may be used to bribe Donald Trump (and he is certainly well known to be very corrupt).

Personally, I like Warren Buffet's model of investing in things that have real value, but are undervalued. But the US stock market more generally resembles an extended and diverse outbreak of tulip mania than investing on fundamentals. In such a market, betting on "Trump runs a cult and is corrupt" makes as much sense as many other stocks.

Down to $47.82 from peak of $74.80. Still higher than $37.81 of opening day. I don't think this meme can last 6 months. In fact, I think investors are starting to divest the stock. They don't want to be the last one holding a worthless stock.

In the time it took me to type that, it just went down to $46.99.

[Edge-]

Down to $47.82 from peak of $74.80. Still higher than $37.81 of opening day. I don't think this meme can last 6 months. In fact, I think investors are starting to divest the stock. They don't want to be the last one holding a worthless stock.

In the time it took me to type that, it just went down to $46.99.

Bonus points: https://www.nbcnews.com/business/bus...any-rcna145831

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."

It seems everyone knows this is a grift except the cultists, rofl.

[ringpriest]

Down to $47.82 from peak of $74.80. Still higher than $37.81 of opening day. I don't think this meme can last 6 months. In fact, I think investors are starting to divest the stock. They don't want to be the last one holding a worthless stock.

In the time it took me to type that, it just went down to $46.99.

To be very clear, I agree that the fundamentals are somewhere between awful and non-existent. It is entirely possible, even likely, that the stock crashes and burns. And I will not be surprised if that happens sooner or later. The grifting scheme / bribery invitation may very well not work, and end up as big a failure as Donald's many other business ventures. But my point is that it was never intended to be successful business, just another vehicle for fraud and money laundering.

[Rasulis]

To be very clear, I agree that the fundamentals are somewhere between awful and non-existent. It is entirely possible, even likely, that the stock crashes and burns. And I will not be surprised if that happens sooner or later. The grifting scheme / bribery invitation may very well not work, and end up as big a failure as Donald's many other business ventures. But my point is that it was never intended to be successful business, just another vehicle for fraud and money laundering.

I was not contradicting you. I agree with your assessment.

I put the DJT ticker take on my screen. Now I remember why I hated day trading with a passion. Went as low as $45.12. The limped along and up to $47.90 now. People are buying and selling this stock on the margin of cents. Pretty wild.

[gondrin]

So, in the classification of "That's a bold move Cotton.", Trump is thinking about firing his legal team in his hush money trial in order to delay it outright.

https://www.msn.com/en-us/news/polit...a284ca6f&ei=15

Donald Trump May Fire Legal Team in 'Desperate' Bid To Delay Trial—Attorney

Donald Trump may fire his legal team to delay proceedings in his hush money trial due to begin soon, an attorney has suggested.

Joyce Vance, a former U.S. attorney for the Northern District of Alabama, said the Republican wants to delay the trial, which concerns payments allegedly made to a former adult film star. Writing on her Substack blog, she suggested Trump may either attempt to seek Judge Juan Merchan's recusal from the case or fire his lawyers.

The trial will determine whether Trump falsified business records over hush money payments to former adult film star Stormy Daniels to keep an alleged affair secret before the 2016 election, as alleged in a criminal indictment. Prosecutors led by Manhattan District Attorney Alvin Bragg allege the payments were part of a scheme to stop potentially damaging stories about the Republican from becoming public. Trump, the presumptive Republican presidential nominee for 2024, has denied any wrongdoing and pleaded not guilty to the 34 charges against him in the case.

"With trial only two weeks away, Trump is showing increasing signs of desperation," Vance wrote in her blog.

Newsweek contacted a representative for Trump by email to comment on this story.

"There are also the time-honored strategies of the desperate: getting sick or finding a sick or dying family member and firing your lawyers," she wrote.

"What happens if Trump fires his lawyers? This can be a difficult one because defendants are entitled to counsel of their choosing, and lawyers are entitled to sufficient time to prepare. But Trump has a lot of lawyers on his team and the Judge has to be prepared for this one. Trump would have to argue a significant issue has developed with his lawyers before the Judge would agree to let them out of the case, and it's going to be difficult to do that with all of them. The Judge could tell him to go ahead with the remaining lawyers, because if Trump does this at the eleventh hour, it's going to look manufactured. But it's still an issue the Judge has to be careful about to avoid problems on appeal, and so far, Judge Merchan has shown himself to be a careful, meticulous jurist."

On Tuesday, Judge Merchan, imposed a gag order against Trump after the former president made a series of public comments about Merchan and his daughter, Loren Merchan. Trump attacked Merchan's daughter for her work in Democratic political circles and called for the judge to be recused from the case.

Trump is facing three other criminal indictments, two concerning allegedly conspiring to overturn the results of the 2020 presidential election and another relating to keeping classified documents when he left office and allegedly obstructing attempts by law enforcement to retrieve them. He has pleaded not guilty to all charges across these cases.

[Poopymonster]

Bonus points: https://www.nbcnews.com/business/bus...any-rcna145831



It seems everyone knows this is a grift except the cultists, rofl.

True Believers (tm)

[Dontrike]

So, in the classification of "That's a bold move Cotton.", Trump is thinking about firing his legal team in his hush money trial in order to delay it outright.

https://www.msn.com/en-us/news/polit...a284ca6f&ei=15

The public defender can have 10 minutes to research the case and defend him if he does this. No delay.

[Edge-]

https://www.nytimes.com/2024/04/01/n...n-merchan.html

The New York judge overseeing Donald J. Trump’s upcoming criminal trial expanded an existing gag order on Monday to bar the former president from attacking the judge’s family members, who in recent days have become the target of Mr. Trump’s abuse.

Justice Juan M. Merchan last week issued an order prohibiting Mr. Trump from attacking witnesses, prosecutors, jurors and court staff, as well as their relatives. That order, however, did not cover Justice Merchan himself or the Manhattan district attorney, Alvin L. Bragg, who brought the criminal case against the former president.

And although the ruling issued on Monday still does not apply to the judge or the district attorney, Justice Merchan, granting a request from Mr. Bragg’s office, amended the gag order so that it does now cover their families.

Mr. Bragg’s office asked the judge to clarify that their family members are included, calling such protection “amply warranted.” Noting Mr. Trump’s track record of issuing “threatening and alarming remarks,” Mr. Bragg’s office warned of “the harms that those family members have suffered.”

The personal connection to the gag order complicated Justice Merchan’s decision. Shortly after last week’s initial gag order Mr. Trump issued a series of blistering attacks on Mr. Merchan and his daughter, Loren, a political consultant who has worked with Democratic candidates.

Specifically, Mr. Trump had accused Ms. Merchan — falsely — of having posted a photo of him behind bars on an account on X, the platform formerly known as Twitter. Court officials said the account cited by Mr. Trump had been taken over last year by someone other than Ms. Merchan.

On Thursday, Mr. Trump ramped up his attacks, identifying Justice Merchan’s daughter by name and accusing her of being a “a Rabid Trump Hater, who has admitted to having conversations with her father about me, and yet he gagged me.” The former president then renewed his demands that the judge recuse himself from the case, calling Justice Merchan “totally compromised.”

And on Saturday, in an ominous escalation, Mr. Trump posted a news article to Truth Social that displayed two pictures of Ms. Merchan.

Still no consequences because technically the family of Judge Merchan wasn't in the initial order. That's been fixed, but there will still be absolutely no consequences for Donald continuing to intentionally attack and harass those involved in his trials and their families, and to send his followers to harass them as well.

[Paranoid Android]

Just in: In the civil fraud case, Trump and other defendants have posted a $175M bond provided by Knight Specialty Insurance Company

Source is just a rando post but a couple more have posted. Will edit when a better source.

So no surprise after his bond was reduced that someone would step up to buy, errrr post Trump's bond. Idk much about Knight Specialty and if who is behind them. Expecting news of a Republican donor or someone who wants to eff the Insurance industry.

NYT article.

@Karreck and @postman1782 added more but I posted NYT and now WAPO.


Breaking news: Donald Trump posted a $175 million bond on Monday to prevent New York authorities from seizing his assets, including properties such as Trump Tower, pending appeal of a civil fraud judgment against him of nearly a half-billion dollars.

[Karreck]

Idk much about Knight Specialty. Is this the same as Carroll?

From what I am seeing, the Carroll bond was posted by Federal Insurance Company.

[postman1782]

Just in: In the civil fraud case, Trump and other defendants have posted a $175M bond provided by Knight Specialty Insurance Company

Source is just a rando post but a couple more have posted. Will edit when a better source.

So no surprise after his bond was reduced that someone would step up to buy, errrr post Trump's bond. Idk much about Knight Specialty. Is this the same as Carroll?

https://ca.sports.yahoo.com/news/tru...l?guccounter=1
https://www.nytimes.com/2024/04/01/n...bond-deal.html

To help you out.

[Breccia]

The public defender can have 10 minutes to research the case and defend him if he does this. No delay.

He won't do it unless he has a backup team ready to go. He'll beg for mercy on the grounds he can't find a team, the judge will deny it, then "oh you meant this gate key".