We’ve been having a lot of discussion about Trump Media in the financial fraud trial thread so I figured it was time Trump Media got its own thread since it will be awhile before they go bankrupt. So let’s start off with this story:
“Truth Social will stream live TV, the company said, including news, religious channels, “family-friendly content,” as well as “other content that has been canceled, is at risk of cancellation, or is being suppressed on other platforms and services. Trump Media said that much like Truth Social itself, the streaming platform will be “independent of Big Tech.”
Trump Media stock ended Tuesday down by 14%, closing out the trading day at $22.84 per share. That brings the company’s market capitalization to $3.12 billion — cutting its market valuation by more than half since its first-trading-week highs.”
Re: All things Trump Media
Posted: Wed Apr 17, 2024 8:28 am
by Grifman
I forgot this guy who knows nothing about technology is in charge.
Re: All things Trump Media
Posted: Wed Apr 17, 2024 8:46 am
by LordMortis
You can watch these shows right up until they miss the first check and production is cut. Will Tim Allen and broadcasts of Kid Rock and their cast and crew continue to work for them if they don't get paid?
Re: All things Trump Media
Posted: Wed Apr 17, 2024 8:47 am
by Grifman
LordMortis wrote: ↑Wed Apr 17, 2024 8:46 am
You can watch these shows right up until they miss the first check and production is cut. Will Tim Allen and broadcasts of Kid Rock and their cast and crew continue to work for them if they don't get paid?
Actually, these shows are paid for up front. No money, no production.
Re: All things Trump Media
Posted: Wed Apr 17, 2024 8:59 am
by LordMortis
That is not the way TFG does business so...
Re: All things Trump Media
Posted: Wed Apr 17, 2024 9:17 am
by LawBeefaroni
They're announcing this because Trump needs the share price to stay above $17.50 for a few more days (I think like 5 or 6?). So long as it does, he gets 36M more shares. It was looking like it could break below so of course, time for a news pump.
In the case of Trump Media, the stock needs to trade above $17.50 for 20 days out of a 30-day period — Friday marked its 13th session — over the next three years. With the company closing Friday at $32.59, those conditions could be met as soon as April 23, despite the stock’s 59% tumble from a high of $79.38 on March 26. In fact, the shares would need to plunge another 46% for the now $1.3 billion paper payday for the former president and his co-founders to be in doubt.
Re: All things Trump Media
Posted: Wed Apr 17, 2024 11:14 am
by hepcat
So is it just me, or is that a veiled notice that "we're going to be airing shows that are racist"? I'm guessing they've already bought the old Little Rascals episodes with scenes like Stymie (maybe it was Buckwheat, I don't remember) being elected the mayor of the black part of town and passing out fried chicken and watermelon to everyone. Trumpers find that kind of thing hilarious.
Re: All things Trump Media
Posted: Wed Apr 17, 2024 11:22 am
by YellowKing
My in-laws LOVED Amos and Andy. I'm sure Song of the South will be a big hit as well.
If people don't see through the DJT grift and vote 5* for dreck like that, they'll stream anything. I don't doubt that an "anti-woke", nazi-friendly, misogynistic, racist streaming portal could get 10M subscribers early on. That's roughly what Disney+ had to start. Enough to pump for more insider exits.
Re: All things Trump Media
Posted: Wed Apr 17, 2024 12:01 pm
by Jaymon
"independent of big tech"
A streaming service IS big tech you blithering idiots. And you can bet your ass thy are not setting up their own cloud platform, so everything is going to reside in AWS or Azure. So its just more grift and lies all the way down.
Re: All things Trump Media
Posted: Wed Apr 17, 2024 12:42 pm
by Unagi
The racist market has been seriously under serviced.
Re: All things Trump Media
Posted: Wed Apr 17, 2024 1:24 pm
by Smoove_B
I feel like this would be a great time to start my "soup in a bucket" business for people concerned that the world is ending and that they won't have access to delicious food when the riots start. I figure a minimal investment and a 15 minute infomercial on Trump TV and I can retire.
Re: All things Trump Media
Posted: Wed Apr 17, 2024 1:32 pm
by LordMortis
The Patriot something or other company already beat you to it. Only they do survivalist rations. One of my aunts even bought me some a few years back. They have commercials on Ion television and CNBC that I've seen and remembered.
Re: All things Trump Media
Posted: Wed Apr 17, 2024 1:35 pm
by LawBeefaroni
Smoove_B wrote: ↑Wed Apr 17, 2024 1:24 pm
I feel like this would be a great time to start my "soup in a bucket" business for people concerned that the world is ending and that they won't have access to delicious food when the riots start. I figure a minimal investment and a 15 minute infomercial on Trump TV and I can retire.
LordMortis wrote: ↑Wed Apr 17, 2024 1:32 pm
The Patriot something or other company already beat you to it. Only they do survivalist rations. One of my aunts even bought me some a few years back. They have commercials on Ion television and CNBC that I've seen and remembered.
They are running Youtube ads that say they overproduced and now people can get a great discount. I was shocked, I tell you.
Re: All things Trump Media
Posted: Wed Apr 17, 2024 1:41 pm
by Smoove_B
LordMortis wrote: ↑Wed Apr 17, 2024 1:32 pm
The Patriot something or other company already beat you to it. Only they do survivalist rations. One of my aunts even bought me some a few years back. They have commercials on Ion television and CNBC that I've seen and remembered.
Mine will be better because they'll come with Bibles.
Re: All things Trump Media
Posted: Wed Apr 17, 2024 2:12 pm
by Pyperkub
Grifman wrote: ↑Wed Apr 17, 2024 8:25 am
We’ve been having a lot of discussion about Trump Media in the financial fraud trial thread so I figured it was time Trump Media got its own thread since it was be awhile before they go bankrupt. So let’s start off with this story:
“Truth Social will stream live TV, the company said, including news, religious channels, “family-friendly content,” as well as “other content that has been canceled, is at risk of cancellation, or is being suppressed on other platforms and services. Trump Media said that much like Truth Social itself, the streaming platform will be “independent of Big Tech.”
Trump Media stock ended Tuesday down by 14%, closing out the trading day at $22.84 per share. That brings the company’s market capitalization to $3.12 billion — cutting its market valuation by more than half since its first-trading-week highs.”
TBH, if he wins the Presidency, I fully expect all White House media to go through Trump Media, and other Journalists/Media Outlets to get locked out of the new monopoly. It could end up very profitable. Trump will definitely use the power of the Presidency to benefit his business (again).
Grifman wrote: ↑Wed Apr 17, 2024 8:25 am
We’ve been having a lot of discussion about Trump Media in the financial fraud trial thread so I figured it was time Trump Media got its own thread since it was be awhile before they go bankrupt. So let’s start off with this story:
“Truth Social will stream live TV, the company said, including news, religious channels, “family-friendly content,” as well as “other content that has been canceled, is at risk of cancellation, or is being suppressed on other platforms and services. Trump Media said that much like Truth Social itself, the streaming platform will be “independent of Big Tech.”
Trump Media stock ended Tuesday down by 14%, closing out the trading day at $22.84 per share. That brings the company’s market capitalization to $3.12 billion — cutting its market valuation by more than half since its first-trading-week highs.”
TBH, if he wins the Presidency, I fully expect all White House media to go through Trump Media, and other Journalists/Media Outlets to get locked out of the new monopoly. It could end up very profitable. Trump will definitely use the power of the Presidency to benefit his business (again).
State of the Union will steam exclusively on Trump Media.
Truth Social will be the official press arm of the White House.
Advertising spend on Trump Media + will be tax deductible.
Grifman wrote: ↑Wed Apr 17, 2024 8:25 am
We’ve been having a lot of discussion about Trump Media in the financial fraud trial thread so I figured it was time Trump Media got its own thread since it was be awhile before they go bankrupt. So let’s start off with this story:
“Truth Social will stream live TV, the company said, including news, religious channels, “family-friendly content,” as well as “other content that has been canceled, is at risk of cancellation, or is being suppressed on other platforms and services. Trump Media said that much like Truth Social itself, the streaming platform will be “independent of Big Tech.”
Trump Media stock ended Tuesday down by 14%, closing out the trading day at $22.84 per share. That brings the company’s market capitalization to $3.12 billion — cutting its market valuation by more than half since its first-trading-week highs.”
TBH, if he wins the Presidency, I fully expect all White House media to go through Trump Media, and other Journalists/Media Outlets to get locked out of the new monopoly. It could end up very profitable. Trump will definitely use the power of the Presidency to benefit his business (again).
State of the Union will steam exclusively on Trump Media.
Truth Social will be the official press arm of the White House.
Advertising spend on Trump Media + will be tax deductible.
Just a few examples, but the list is much longer, IMHO. All Press releases restricted to TruthSocial only, Journalists banned if they don't toe the party line, no matter how outrageous the lies, etc. Extending to the Courts and other Branches of Gov't. etc. All posts to be vetted by Party Officers, etc.
Trump has posted yet another one of his manipulated articles to Truth Social. This is Trump's 6th altered article posted in April, and his 25th overall uncovered by MeidasTouch. Trump has eclipsed the 5 manipulated articles he posted in March.
Trump's article manipulation posts appear to be screenshots of actual articles, but they have been changed. These altered articles share a news organization’s logo, title, and byline, but scrub out all the unfavorable content that Trump doesn't like.
Grifman wrote: ↑Wed Apr 17, 2024 8:25 am
We’ve been having a lot of discussion about Trump Media in the financial fraud trial thread so I figured it was time Trump Media got its own thread since it was be awhile before they go bankrupt. So let’s start off with this story:
“Truth Social will stream live TV, the company said, including news, religious channels, “family-friendly content,” as well as “other content that has been canceled, is at risk of cancellation, or is being suppressed on other platforms and services. Trump Media said that much like Truth Social itself, the streaming platform will be “independent of Big Tech.”
Trump Media stock ended Tuesday down by 14%, closing out the trading day at $22.84 per share. That brings the company’s market capitalization to $3.12 billion — cutting its market valuation by more than half since its first-trading-week highs.”
TBH, if he wins the Presidency, I fully expect all White House media to go through Trump Media, and other Journalists/Media Outlets to get locked out of the new monopoly. It could end up very profitable. Trump will definitely use the power of the Presidency to benefit his business (again).
State of the Union will steam exclusively on Trump Media.
Truth Social will be the official press arm of the White House.
Advertising spend on Trump Media + will be tax deductible.
But it will be OK. His business interests will be put in a blind trust run by one of his sons.
Grifman wrote: ↑Wed Apr 17, 2024 8:25 am
We’ve been having a lot of discussion about Trump Media in the financial fraud trial thread so I figured it was time Trump Media got its own thread since it was be awhile before they go bankrupt. So let’s start off with this story:
“Truth Social will stream live TV, the company said, including news, religious channels, “family-friendly content,” as well as “other content that has been canceled, is at risk of cancellation, or is being suppressed on other platforms and services. Trump Media said that much like Truth Social itself, the streaming platform will be “independent of Big Tech.”
Trump Media stock ended Tuesday down by 14%, closing out the trading day at $22.84 per share. That brings the company’s market capitalization to $3.12 billion — cutting its market valuation by more than half since its first-trading-week highs.”
TBH, if he wins the Presidency, I fully expect all White House media to go through Trump Media, and other Journalists/Media Outlets to get locked out of the new monopoly. It could end up very profitable. Trump will definitely use the power of the Presidency to benefit his business (again).
State of the Union will steam exclusively on Trump Media.
Truth Social will be the official press arm of the White House.
Advertising spend on Trump Media + will be tax deductible.
But it will be OK. His business interests will be put in a blind trust run by one of his sons.
Nah, they aren't even going to bother with that charade this time.
Re: All things Trump Media
Posted: Wed Apr 17, 2024 3:54 pm
by Alefroth
Devin Nunes will be Press Secretary.
Re: All things Trump Media
Posted: Wed Apr 17, 2024 4:58 pm
by Blackhawk
I'm also of the opinion that this was just to temporarily boost stock prices. They don't actually have to follow through - just make the announcement, talk about it for a few days, then stay quiet. They never have to implement anything.
Hopefully people see it for what it is, realize that their stock's price bump is the most temporary thing in history, and dump shares like there's no tomorrow.
Re: All things Trump Media
Posted: Wed Apr 17, 2024 5:40 pm
by Alefroth
Blackhawk wrote: ↑Wed Apr 17, 2024 4:58 pm
I'm also of the opinion that this was just to temporarily boost stock prices. They don't actually have to follow through - just make the announcement, talk about it for a few days, then stay quiet. They never have to implement anything.
On the nose.
Re: All things Trump Media
Posted: Thu Apr 18, 2024 1:12 pm
by LawBeefaroni
Shit pumpers say on message boards and xtwitter:
1. It's the shorts trying to steal your shares, don't let them, keep buying!
2. Don't let them borrow your shares! Put a GTC order in at $1,000,000 to stop them!
3. Make your shares illiquid by moving to the transfer agent!
I mean I don't ever recall a company doing this on their own website. The whole "it's the shorts" narrative is a desperate pump. We have completely capitulated to the Golden Age of Fraud.
Trump Media, which began being publicly traded last week, is now far and away the most expensive U.S. stock to sell short, according to S3 Partners, a leading financial data marketplace platform.
But plenty of people are still willing to pay those steep costs, based on their belief that Trump Media’s share price is bound to fall dramatically from its Wednesday closing of $48.81.
Investors who wanted to borrow Trump Media shares to sell them short on Wednesday would have had to pay annual financing costs of between 750% and 900% of the price of the stock, said Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners.
That means a short seller of the DJT ticker who took a position Wednesday would have had to pay costs of between about $1 and $1.22 per day to the lenders.
To break even on a new trade after one month, a short seller would have to see the share price of Trump Media drop by more than $30.
It's like the Taylor Swift concert ticket of short opportunities.
Re: All things Trump Media
Posted: Sat Apr 20, 2024 3:24 pm
by Carpet_pissr
Fidelity is paying me about 9% to lend shares on a few of my holdings - would love to know what they are paying for this POS.
Re: All things Trump Media
Posted: Sat Apr 20, 2024 3:43 pm
by LordMortis
Maybe I should get a fidelity account. Do you have to sign up for anything to get the ability to lend shares? Are there any drawbacks other than not being able to sell while shares are lent out? (Gotta say, I really don't like Schwab. The UI is horrible. The site responsiveness is poor. I assume if I used Think or Swim, I wouldn't notice a difference between it and TD (nor Scottrade before) but because I don't use Think or Swim, I am stuck with a downgrade in UI in every possible way from TD. I still haven't transferred my 401K because I dislike Schwab so much)
Re: All things Trump Media
Posted: Sat Apr 20, 2024 5:44 pm
by Carpet_pissr
LordMortis wrote: ↑Sat Apr 20, 2024 3:43 pm
Maybe I should get a fidelity account. Do you have to sign up for anything to get the ability to lend shares? Are there any drawbacks other than not being able to sell while shares are lent out? (Gotta say, I really don't like Schwab. The UI is horrible. The site responsiveness is poor. I assume if I used Think or Swim, I wouldn't notice a difference between it and TD (nor Scottrade before) but because I don't use Think or Swim, I am stuck with a downgrade in UI in every possible way from TD. I still haven't transferred my 401K because I dislike Schwab so much)
You can still sell the shares at any time, even when they are actively lent out. In fact I just did this last week.
You don’t sign up, they just send you a notice if you hold enough shares in an investment that has a high demand for shorting, from what I can tell. If you want to do it, you do have to agree to a few pages of T&C of course.
It’s all very easy and automated and professional of course, because Fidelity.
The auditing firm for Trump Media and the auditor’s owner were charged with “massive fraud” by the Securities and Exchange Commission for work that affected more than 1,500 SEC filings, the federal regulator announced.
The auditor, BF Borgers CPA and its owner Benjamin Borgers have agreed to be permanently suspended from practicing as accountants before the SEC, and also agreed to pay a combined $14 million in civil penalties, the SEC said.
The share price of Trump Media, which owns the Truth Social app, was down 9% shortly after trading began.
Re: All things Trump Media
Posted: Fri May 03, 2024 11:35 am
by Pyperkub
stessier wrote: ↑Fri May 03, 2024 11:00 am
This seems relevant.
The auditing firm for Trump Media and the auditor’s owner were charged with “massive fraud” by the Securities and Exchange Commission for work that affected more than 1,500 SEC filings, the federal regulator announced.
The auditor, BF Borgers CPA and its owner Benjamin Borgers have agreed to be permanently suspended from practicing as accountants before the SEC, and also agreed to pay a combined $14 million in civil penalties, the SEC said.
The share price of Trump Media, which owns the Truth Social app, was down 9% shortly after trading began.
It is quite amazing how getting involved with Trump financially exposes you to risk for committing fraud...
Re: All things Trump Media
Posted: Fri May 03, 2024 11:37 am
by Carpet_pissr
I'm worried this will create a loophole for Trump Media: "It wasn't us! Our accounting firm lied to us - they told us everything was fine"
Re: All things Trump Media
Posted: Fri May 03, 2024 11:43 am
by LordMortis
Carpet_pissr wrote: ↑Fri May 03, 2024 11:37 am
I'm worried this will create a loophole for Trump Media: "It wasn't us! Our accounting firm lied to us - they told us everything was fine"
Isn't that TFG always does? Credit is and inflow are always his. Blame and liability are someone else he relied on.
Carpet_pissr wrote: ↑Fri May 03, 2024 11:37 am
I'm worried this will create a loophole for Trump Media: "It wasn't us! Our accounting firm lied to us - they told us everything was fine"
Isn't that TFG always does? Credit is and inflow are always his. Blame and liability are someone else he relied on.
Yes, but this time they will be able to make the claim, and back it up.
Carpet_pissr wrote: ↑Fri May 03, 2024 11:37 am
I'm worried this will create a loophole for Trump Media: "It wasn't us! Our accounting firm lied to us - they told us everything was fine"
Isn't that TFG always does? Credit is and inflow are always his. Blame and liability are someone else he relied on.
Yes, but this time they will be able to make the claim, and back it up.
And then comes the counter claim of what they were directed to do and it gets thrown on the litigation fire...
The auditing firm for Trump Media and the auditor’s owner were charged with “massive fraud” by the Securities and Exchange Commission for work that affected more than 1,500 SEC filings, the federal regulator announced.
The auditor, BF Borgers CPA and its owner Benjamin Borgers have agreed to be permanently suspended from practicing as accountants before the SEC, and also agreed to pay a combined $14 million in civil penalties, the SEC said.
The share price of Trump Media, which owns the Truth Social app, was down 9% shortly after trading began.
It is quite amazing how getting involved with Trump financially exposes you to risk for committing fraud...
It was the other way around, seemingly. Truth Social appears to have used an auditor that was just faking it - there are many companies that have documents completed by this auditor.
