Shares in Trump Media dropped 21.5% as auditor discloses ‘substantial doubt’ over company’s ability to continue operating

Shares in Trump Media dropped 21.5% as auditor discloses ‘substantial doubt’ over company’s ability to continue operating

  • ME5SENGER_24@lemmy.worldEnglish
    32·
    7 months ago

    Reminder, Jimmy Carter sold his peanut farm out of a conflict with of public interest. Then the first “MAGA”-got took office. If you believe capitalism is the solution, I’ve got a bridge to sell you

  • psmgx@lemmy.worldEnglish
    41·
    7 months ago

    That was hisbacenin the hole for paying that judgement, too.

    Cue sad trombone sounds…

      • LoganNineFingers@lemmy.caEnglish
        15·
        7 months ago

        I think OP meant to say

        “his ace in the hole” but either speech to text or fat thumbs got in the way

        Sincerely,

        A guy with fat thumbs who uses speech to text

    • Kerb@discuss.tchncs.deEnglish
      4·
      7 months ago

      dont celebrate to early,
      he has a stake of about 78 million shares,
      which is still about 3.7 billion usd at the current price (48.66)

      i dont remember exactly how much he was ordered to pay, i was under the impression it was about 500 mil. (correct me if im wrong there.)

      if he doesnt manage to weasel his way out of paying that, this would unfortunately still be enough to cover his ass.

      unless the stock drops under 6.4 usd,
      which hasnt happend so far,
      (lowest i found was 12.4 so far.)

      EDIT: just read that the fine was lowered to about 250 mil.
      weaseling his tangerine ass out of paying his bills seems to be the singular life skill this guy has.

      • SturgiesYrFase@lemmy.mlEnglish
        5·
        7 months ago

        The bond was lowered to 175mil. He’ll still apparently have to pay the full 475mil if his appeal flops, but idk, they let him take way longer to put in his bond, and also dropped the bond amount by like 300mil.

      • OpticalMoose@discuss.tchncs.deEnglish
        1·
        7 months ago

        As far as I know, he still has to pay the full amount if he looses his appeal https://trumpdebtcounter.com/ The judge just lowered the bond amount Trump has to put up in order to file an appeal.

        At this point, I don’t care if he’s still rich as long as he doesn’t get back into office. We’ve already seen that justice isn’t blind, some people are above the law, and Trump will never be held accountable. He’s going to weasel his way out of paying most of the judgements against him.

        I don’t know what’s wrong with that debt counter. It was showing $474mil a week ago.