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onenote

(46,261 posts)
Mon Jun 1, 2026, 09:47 AM 9 hrs ago

Trump's business genius and Trump Media stock

Next time a MAGA cultist talks about Trump being a business genius, point them to a chart showing the price of Trump Media stock.

At its launch in 2021, it closed at over $120 share. By the end of 2022 it was below $20/share. In 2024, for no particular reason, it got pumped back up to around $60/share. But since then, it has continued to look like the terrible investment it was -- it has struggled to stay above $10/share this year and currently is barely above $9

The only thing that stock is good for is harvesting capital losses as a tax offset, and while that probably works out well for Trump's billionaire buddies, most of the MAGAs that spent $$ for the stock probably don't have any gains to offset.

So much winning.

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niyad

(134,336 posts)
7. That does not matter to them. I actually had one idiot during the first
Mon Jun 1, 2026, 12:17 PM
7 hrs ago

campaign tell me that all the bankruptcies showed what a brilliant businessman he was. I said, well, if you mean he screwed all the investors out of their money, and didn't lose a dime of his own, I guess you could say that. Others say he is a vicious, thieving, lying, predatory scumbag. Remind me to keep my eye on my purse whenever you are around. (He was, at the time, married to the daughter of a friend of mine, so I encountered him on occasion. The daughter divorced him several months later.)

PCIntern

(28,642 posts)
8. I know exactly where you're coming from
Mon Jun 1, 2026, 12:24 PM
7 hrs ago

I remember in the early 1980s all these rich people who were patient of mine used to say that unless you had been through bankruptcy, you weren’t considered a success.

“Whatever “

niyad

(134,336 posts)
9. You are far more patient than I. Holding instruments while they made
Mon Jun 1, 2026, 12:26 PM
7 hrs ago

such statements. . .ohh soooooo tempting!!!

tanyev

(49,778 posts)
3. He's got a knack for getting money out for himself and leaving everyone else high and dry.
Mon Jun 1, 2026, 10:41 AM
8 hrs ago

But that doesn’t take genius, just complete shamelessness and entitlement.

modrepub

(4,213 posts)
6. For Most Normal Folks
Mon Jun 1, 2026, 12:07 PM
7 hrs ago

Bankruptcy is a major financial trauma. Stock performance like this gets board members fired. But not the super rich or well connected.

I believe or country would function a hell of a lot better if normal rules applied evenly across society. Imagine what our healthcare system would be like if Congress critters and Healthcare CEOs had to wade through doctor visits like the rest of us stiffs. It’s called skin in the game.

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