▲ 594 ▼ Truth Social Hits All-Time Low as CEO Sells His Crashing Stock (futurism.com) submitted 2 years ago by FlyingSquid@lemmy.world to c/news@lemmy.world 75 comments fedilink hide all child comments Unfortunately, Trump will still likely come out much richer than he was before. It's still nice to see.
[–] bassomitron@lemmy.world 107 points 2 years ago (4 children) Yeah, it's insane the SEC hasn't already launched an investigation into such an obvious pump and dump scheme. permalink fedilink source parent hideshow 8 child comments replies: [–] nondescripthandle@lemmy.dbzer0.com 87 points 2 years ago (2 children) Musk got away with tons of pump and dumps, SEC seems toothless unless the poor people start investing in things that threaten hedge funds profits. permalink fedilink source parent hideshow 4 child comments replies: [–] Gork@lemm.ee 43 points 2 years ago Nothing shows a healthy system more than blatant, rampant regulatory capture. permalink fedilink source parent [–] argarath@lemmy.world 5 points 2 years ago That's by design. People with money made sure they wouldn't be touched permalink fedilink source parent [–] fine_sandy_bottom@lemmy.federate.cc 19 points 2 years ago (1 child) I'm morbidly interested to see what happens. Everyone knows that firstly it's grossly overvalued, secondly trump wants to sell, and thirdly whether or not Trump wins in November the shares will be worthless. permalink fedilink source parent hideshow 2 child comments replies: [–] Hobbes_Dent@lemmy.world 6 points 2 years ago (1 child) …and thirdly whether or not Trump wins in November the shares will be worthless. Either it’s a soon a social network based on a former candidate or it’s one that I imagine a president has to distance himself from. Either way I can see why people don’t want to invest, even the evil greedy unethical ones. permalink fedilink source parent hideshow 2 child comments replies: [–] mosiacmango@lemm.ee 17 points 2 years ago* (2 children) it’s one that I imagine a president has to distance himself from. There is no chance that this happens. He will gladly keep posting insane screeds as president with zero negative effects to his support. permalink fedilink source parent hideshow 4 child comments replies: [–] ProfessorProteus@lemmy.world 3 points 2 years ago Thanks for expanding my vocab! "Screed" is a great word for his insane ramblings. permalink fedilink source parent [–] fine_sandy_bottom@lemmy.federate.cc 2 points 2 years ago I'm not so certain. He's back on twitter, no immediate incentive to posting on truth, why bother. permalink fedilink source parent [–] protist@mander.xyz 13 points 2 years ago (2 children) Correct me if I'm wrong, but I believe they're already under investigation for breaking the law when the original SPAC openly said they were going to merge with Truth Social when the law says SPACs have to remain agnostic about what companies they may merge with until they do so permalink fedilink source parent hideshow 4 child comments replies: [–] HootinNHollerin@lemmy.world 11 points 2 years ago (2 children) Well they’re taking way too fucking long. permalink fedilink source parent hideshow 4 child comments replies: [–] orclev@lemmy.world 6 points 2 years ago (1 child) They've got to wait long enough for Trump to finish dumping all his stock. Sure he may face a court case about it down the line, but that's nothing new, he'll have already laundered the money by that point and stashed it away somewhere. permalink fedilink source parent hideshow 2 child comments replies: [–] swab148@lemm.ee 12 points 2 years ago* (1 child) Gotta check if he's got a banana stand out there permalink fedilink source parent hideshow 2 child comments replies: [–] bassomitron@lemmy.world 4 points 2 years ago It's one banana, how much it could cost? $10? permalink fedilink source parent [–] kent_eh@lemmy.ca 4 points 2 years ago* they’re taking way too fucking long Properly investigating most crimes, especially financial crimes, takes a lot of time and a lot of resources to get right. Especially when there are a lot of people involved who are actively trying to hide some of their shady shit. You want the results of the investigation to be able to withstand the court process and all the challenges the defendant will throw at it. You don't get a second chance with things like this, you've got to get it right the first time. permalink fedilink source parent [–] MediaSensationalism@lemmy.world 1 point 2 years ago They were trying to frighten off short sellers. I'm glad I stuck to it. permalink fedilink source parent [–] kent_eh@lemmy.ca 3 points 2 years ago it's insane the SEC hasn't already launched an investigation Do they publicly announce the start of investigations? Most law enforcement agencies don't do that, so the people being investigated don't start interfering with the investigation. permalink fedilink source parent
[–] nondescripthandle@lemmy.dbzer0.com 87 points 2 years ago (2 children) Musk got away with tons of pump and dumps, SEC seems toothless unless the poor people start investing in things that threaten hedge funds profits. permalink fedilink source parent hideshow 4 child comments replies: [–] Gork@lemm.ee 43 points 2 years ago Nothing shows a healthy system more than blatant, rampant regulatory capture. permalink fedilink source parent [–] argarath@lemmy.world 5 points 2 years ago That's by design. People with money made sure they wouldn't be touched permalink fedilink source parent
[–] Gork@lemm.ee 43 points 2 years ago Nothing shows a healthy system more than blatant, rampant regulatory capture. permalink fedilink source parent
[–] argarath@lemmy.world 5 points 2 years ago That's by design. People with money made sure they wouldn't be touched permalink fedilink source parent
[–] fine_sandy_bottom@lemmy.federate.cc 19 points 2 years ago (1 child) I'm morbidly interested to see what happens. Everyone knows that firstly it's grossly overvalued, secondly trump wants to sell, and thirdly whether or not Trump wins in November the shares will be worthless. permalink fedilink source parent hideshow 2 child comments replies: [–] Hobbes_Dent@lemmy.world 6 points 2 years ago (1 child) …and thirdly whether or not Trump wins in November the shares will be worthless. Either it’s a soon a social network based on a former candidate or it’s one that I imagine a president has to distance himself from. Either way I can see why people don’t want to invest, even the evil greedy unethical ones. permalink fedilink source parent hideshow 2 child comments replies: [–] mosiacmango@lemm.ee 17 points 2 years ago* (2 children) it’s one that I imagine a president has to distance himself from. There is no chance that this happens. He will gladly keep posting insane screeds as president with zero negative effects to his support. permalink fedilink source parent hideshow 4 child comments replies: [–] ProfessorProteus@lemmy.world 3 points 2 years ago Thanks for expanding my vocab! "Screed" is a great word for his insane ramblings. permalink fedilink source parent [–] fine_sandy_bottom@lemmy.federate.cc 2 points 2 years ago I'm not so certain. He's back on twitter, no immediate incentive to posting on truth, why bother. permalink fedilink source parent
[–] Hobbes_Dent@lemmy.world 6 points 2 years ago (1 child) …and thirdly whether or not Trump wins in November the shares will be worthless. Either it’s a soon a social network based on a former candidate or it’s one that I imagine a president has to distance himself from. Either way I can see why people don’t want to invest, even the evil greedy unethical ones. permalink fedilink source parent hideshow 2 child comments replies: [–] mosiacmango@lemm.ee 17 points 2 years ago* (2 children) it’s one that I imagine a president has to distance himself from. There is no chance that this happens. He will gladly keep posting insane screeds as president with zero negative effects to his support. permalink fedilink source parent hideshow 4 child comments replies: [–] ProfessorProteus@lemmy.world 3 points 2 years ago Thanks for expanding my vocab! "Screed" is a great word for his insane ramblings. permalink fedilink source parent [–] fine_sandy_bottom@lemmy.federate.cc 2 points 2 years ago I'm not so certain. He's back on twitter, no immediate incentive to posting on truth, why bother. permalink fedilink source parent
[–] mosiacmango@lemm.ee 17 points 2 years ago* (2 children) it’s one that I imagine a president has to distance himself from. There is no chance that this happens. He will gladly keep posting insane screeds as president with zero negative effects to his support. permalink fedilink source parent hideshow 4 child comments replies: [–] ProfessorProteus@lemmy.world 3 points 2 years ago Thanks for expanding my vocab! "Screed" is a great word for his insane ramblings. permalink fedilink source parent [–] fine_sandy_bottom@lemmy.federate.cc 2 points 2 years ago I'm not so certain. He's back on twitter, no immediate incentive to posting on truth, why bother. permalink fedilink source parent
[–] ProfessorProteus@lemmy.world 3 points 2 years ago Thanks for expanding my vocab! "Screed" is a great word for his insane ramblings. permalink fedilink source parent
[–] fine_sandy_bottom@lemmy.federate.cc 2 points 2 years ago I'm not so certain. He's back on twitter, no immediate incentive to posting on truth, why bother. permalink fedilink source parent
[–] protist@mander.xyz 13 points 2 years ago (2 children) Correct me if I'm wrong, but I believe they're already under investigation for breaking the law when the original SPAC openly said they were going to merge with Truth Social when the law says SPACs have to remain agnostic about what companies they may merge with until they do so permalink fedilink source parent hideshow 4 child comments replies: [–] HootinNHollerin@lemmy.world 11 points 2 years ago (2 children) Well they’re taking way too fucking long. permalink fedilink source parent hideshow 4 child comments replies: [–] orclev@lemmy.world 6 points 2 years ago (1 child) They've got to wait long enough for Trump to finish dumping all his stock. Sure he may face a court case about it down the line, but that's nothing new, he'll have already laundered the money by that point and stashed it away somewhere. permalink fedilink source parent hideshow 2 child comments replies: [–] swab148@lemm.ee 12 points 2 years ago* (1 child) Gotta check if he's got a banana stand out there permalink fedilink source parent hideshow 2 child comments replies: [–] bassomitron@lemmy.world 4 points 2 years ago It's one banana, how much it could cost? $10? permalink fedilink source parent [–] kent_eh@lemmy.ca 4 points 2 years ago* they’re taking way too fucking long Properly investigating most crimes, especially financial crimes, takes a lot of time and a lot of resources to get right. Especially when there are a lot of people involved who are actively trying to hide some of their shady shit. You want the results of the investigation to be able to withstand the court process and all the challenges the defendant will throw at it. You don't get a second chance with things like this, you've got to get it right the first time. permalink fedilink source parent [–] MediaSensationalism@lemmy.world 1 point 2 years ago They were trying to frighten off short sellers. I'm glad I stuck to it. permalink fedilink source parent
[–] HootinNHollerin@lemmy.world 11 points 2 years ago (2 children) Well they’re taking way too fucking long. permalink fedilink source parent hideshow 4 child comments replies: [–] orclev@lemmy.world 6 points 2 years ago (1 child) They've got to wait long enough for Trump to finish dumping all his stock. Sure he may face a court case about it down the line, but that's nothing new, he'll have already laundered the money by that point and stashed it away somewhere. permalink fedilink source parent hideshow 2 child comments replies: [–] swab148@lemm.ee 12 points 2 years ago* (1 child) Gotta check if he's got a banana stand out there permalink fedilink source parent hideshow 2 child comments replies: [–] bassomitron@lemmy.world 4 points 2 years ago It's one banana, how much it could cost? $10? permalink fedilink source parent [–] kent_eh@lemmy.ca 4 points 2 years ago* they’re taking way too fucking long Properly investigating most crimes, especially financial crimes, takes a lot of time and a lot of resources to get right. Especially when there are a lot of people involved who are actively trying to hide some of their shady shit. You want the results of the investigation to be able to withstand the court process and all the challenges the defendant will throw at it. You don't get a second chance with things like this, you've got to get it right the first time. permalink fedilink source parent
[–] orclev@lemmy.world 6 points 2 years ago (1 child) They've got to wait long enough for Trump to finish dumping all his stock. Sure he may face a court case about it down the line, but that's nothing new, he'll have already laundered the money by that point and stashed it away somewhere. permalink fedilink source parent hideshow 2 child comments replies: [–] swab148@lemm.ee 12 points 2 years ago* (1 child) Gotta check if he's got a banana stand out there permalink fedilink source parent hideshow 2 child comments replies: [–] bassomitron@lemmy.world 4 points 2 years ago It's one banana, how much it could cost? $10? permalink fedilink source parent
[–] swab148@lemm.ee 12 points 2 years ago* (1 child) Gotta check if he's got a banana stand out there permalink fedilink source parent hideshow 2 child comments replies: [–] bassomitron@lemmy.world 4 points 2 years ago It's one banana, how much it could cost? $10? permalink fedilink source parent
[–] bassomitron@lemmy.world 4 points 2 years ago It's one banana, how much it could cost? $10? permalink fedilink source parent
[–] kent_eh@lemmy.ca 4 points 2 years ago* they’re taking way too fucking long Properly investigating most crimes, especially financial crimes, takes a lot of time and a lot of resources to get right. Especially when there are a lot of people involved who are actively trying to hide some of their shady shit. You want the results of the investigation to be able to withstand the court process and all the challenges the defendant will throw at it. You don't get a second chance with things like this, you've got to get it right the first time. permalink fedilink source parent
[–] MediaSensationalism@lemmy.world 1 point 2 years ago They were trying to frighten off short sellers. I'm glad I stuck to it. permalink fedilink source parent
[–] kent_eh@lemmy.ca 3 points 2 years ago it's insane the SEC hasn't already launched an investigation Do they publicly announce the start of investigations? Most law enforcement agencies don't do that, so the people being investigated don't start interfering with the investigation. permalink fedilink source parent