• Same thing that always happens when you do business with Trump

    From xyzzy@21:1/5 to All on Sat Sep 2 12:19:32 2023
    Trump Social’s funder a week from going belly-up

    https://www.washingtonpost.com/technology/2023/09/02/truth-social-trump-media-digital-world/

    For Digital World, it would signal the ultimate financial fall from grace
    for a special purpose acquisition company, or SPAC, that turned its
    proximity to the former president into what was once one of the stock market’s hottest trades. Its share price, which peaked in its first hours
    at $175, has since fallen to about $14.

    Then, in the past year, its issues became more pronounced: Its chief
    executive was terminated by the board, a former board member was arrested
    on charges of insider trading, and the company agreed to pay an $18 million settlement to resolve charges that it had misled investors and given false information to the Securities and Exchange Commission.

    The merger has “been pretty much unprecedented in terms of all of the glitches,” said Jay Ritter, a University of Florida finance professor who studies stock markets. “The deal does seem to be running out of time. You can’t just keep getting extensions forever.”

    Digital World’s shareholder base is made up largely of small-time “retail”
    investors, making it harder for the company to boost shareholder
    participation in critical votes. Ritter said he suspects these investors,
    many of whom bought shares out of love for Trump or loyalty to his brand
    [a/k/a MAGA suckers], may not be paying attention as the liquidation
    deadline approaches.

    --
    “I usually skip over your posts because of your disguistng, contrarian, liberal personality.” — Altie

    --- SoupGate-Win32 v1.05
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  • From Corky@21:1/5 to All on Sat Sep 2 15:53:46 2023
    It's football season, can't you put your Trump/Republican derangement on hold for awhile?
    “I usually skip over your posts because of your disguistng, contrarian, liberal personality.” — Altie

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Swabbie@21:1/5 to xyzzy on Sun Sep 3 02:53:06 2023
    xyzzy <xyzzy.dude@gmail.com> wrote in news:ucv98k$dmgo$1@dont-email.me:

    Trump

    owns your weak tobacco road tranny ass.

    He's all you think about. You probably sleep with a Trump dildo up your
    butt every night.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From unclejr@21:1/5 to Swabbie on Sat Sep 2 20:55:02 2023
    On Saturday, September 2, 2023 at 9:53:10 PM UTC-5, Swabbie wrote:
    xyzzy <xyzzy...@gmail.com> wrote in news:ucv98k$dmgo$1...@dont-email.me:

    Trump

    owns your weak tobacco road tranny ass.

    He's all you think about. You probably sleep with a Trump dildo up your
    butt every night.

    The only one who has brought up homoerotic imagery ITT is you.

    Hope this helps.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)