Is Trump the worst business man in US history?

[OILERMAN]

23 minutes ago, ctm said:

Only question is how does he spin it to his suckers and blame democrats.

 

[ctm]

19 minutes ago, begooode said:

If I recall the reporting correctly, Trump’s sell price was already locked in weeks ago, yes? Essentially stock warrants with a fixed price, but I have no idea how the company would have the cash reserves to cover the gap, if the DJT stock price remains low.

 

From what I read the warrants allowed investors to buy (not sell) at a pre-determined price and have already been exercised.

[MadMax]

2 hours ago, ctm said:

The stock is circling the drain and near an all time low.  No wonder he's angry at Kamala.  She's killing him both politically and financially.

 

 I think he sells as much as possible, maybe with permission from the board before the lockup period expires.  Only question is how does he spin it to his suckers and blame democrats.

He won't have to spin.  They don't care.   Just ask the idiots who post here.

[Starkiller]

https://www.cnn.com/2024/08/23/politics/trump-businesses-campaign-spending-invs/index.html
 

With glitzy Mar-a-Lago fundraisers, stays at Trump’s hotels, and flights on the former president’s private jet, Republican candidates and political groups are on track to spend more on Trump’s businesses this year than any year since 2016, according to a CNN analysis of federal campaign finance data.

 

Trump himself has been the biggest spender, both this year and over the last decade. Between his three presidential campaigns, Trump and associated political groups have funneled more than $28 million in campaign donations to his businesses – helping convert the enthusiasm of his political supporters into personal profit.

 

Other Republicans have followed suit, spending millions at Trump’s properties in an apparent attempt to curry favor with the former president and signal their allegiance to him to GOP voters.

 

But while political spending at Mar-a-Lago has attracted the most attention, the bulk of Trump’s campaign payments to his own businesses has gone to a lower-profile firm. His campaign and associated committees have spent more than $14 million on air travel from TAG Air, Inc., which operates Trump’s Boeing 757 jet – nicknamed “Trump Force One” – and other aircraft.

[MadMax]

30 minutes ago, Starkiller said:

https://www.cnn.com/2024/08/23/politics/trump-businesses-campaign-spending-invs/index.html
 

With glitzy Mar-a-Lago fundraisers, stays at Trump’s hotels, and flights on the former president’s private jet, Republican candidates and political groups are on track to spend more on Trump’s businesses this year than any year since 2016, according to a CNN analysis of federal campaign finance data.

 

Trump himself has been the biggest spender, both this year and over the last decade. Between his three presidential campaigns, Trump and associated political groups have funneled more than $28 million in campaign donations to his businesses – helping convert the enthusiasm of his political supporters into personal profit.

 

Other Republicans have followed suit, spending millions at Trump’s properties in an apparent attempt to curry favor with the former president and signal their allegiance to him to GOP voters.

 

But while political spending at Mar-a-Lago has attracted the most attention, the bulk of Trump’s campaign payments to his own businesses has gone to a lower-profile firm. His campaign and associated committees have spent more than $14 million on air travel from TAG Air, Inc., which operates Trump’s Boeing 757 jet – nicknamed “Trump Force One” – and other aircraft.

But this is ok with his adoring followers.

[Starkiller]

18 minutes ago, MadMax said:

But this is ok with his adoring followers.

The sheep get fleeced

[Starkiller]

Also, this is only money from political campaigns. It doesn’t even include rents and expenses he bilked from taxpayers or from foreign governments that went straight into his pockets. Or all of his legal fees being paid for by donors. Or the campaigns paying out to his kids as “employees”.

Edited August 23, 2024 by Starkiller

[OILERMAN]

 

[Starkiller]

1 hour ago, OILERMAN said:

 

You know, if he had just moved on to his post-presidency task of bilking all the suckers out of as much money as he could via bibles and NFTs and legal fee 501c3 scams then maybe I’d be fine with it. A fool and his money is soon parted and all.

 

But the fact that he’s running for president again means he has to be destroyed…

[OILERMAN]

 

[ctm]

The executives at former president Donald Trump's Truth Social venture are officially starting to cash out of its meme stock.

 

According to a recent filing with the Securities and Exchange Commission, Trump Media & Technology Group (TMTG) CFO and treasurer Juhan Phillip has already sold a whopping $1.9 million worth of company shares.

 

CEO Devin Nunes and COO Andrew Northwall joined in as well, selling chunks of their holdings.

 

In simple terms, the meme stock is astronomically overvalued and not much more than a thinly veiled attempt by Trump to raise some much-needed cash from true believers and special interests looking to skirt campaign finance rules.

 

 

"It’s purchasing his brand," vice president of research at Morningstar John Rekenthaler told Quartz. "But he’s not going to have a brand if he loses a second straight presidential election."

 

With a second loss, the stock could "go to zero," Rekenthaler predicted.

 

https://finance.yahoo.com/news/truth-social-exec-dumps-stock-145822626.html

 

[OILERMAN]

On 5/3/2024 at 8:20 AM, Little Earl said:

Lots of crickets here.   Stock at $48.68.   Trump's worth.....$5.2B.    But yeah, Trump is the worst businessman ever.  Lol!

 

LOL

[OILERMAN]

 

[nine]

10 hours ago, ctm said:

 

"It’s purchasing his brand," vice president of research at Morningstar John Rekenthaler told Quartz. "But he’s not going to have a brand if he loses a second straight presidential election."

 

With a second loss, the stock could "go to zero," Rekenthaler predicted.

 

https://finance.yahoo.com/news/truth-social-exec-dumps-stock-145822626.html

 

 

If Trump loses again,  he’ll quickly become the political equivalent of Molly Hatchet:  working the carnival and county fair circuit, hawking merch and complaining about how unfairly he’s been treated to anyone who will listen.

[rns90]

7 minutes ago, nine said:

 

If Trump loses again,  he’ll quickly become the political equivalent of Molly Hatchet:  working the carnival and county fair circuit, hawking merch and complaining about how unfairly he’s been treated to anyone who will listen.

He’ll basically become Grandpa Simpson.  Fox News and Newsmax will find some other relevant Republican to devote airtime too.  They have started to now anyway.