1y ago

Trump Media alerts Nasdaq to potential market manipulation from 'naked' short selling of DJT stock

www.cnbc.com

Trump Media alerts Nasdaq to potential market manipulation from 'naked' short selling of DJT stock

9 comments

If a $30 million business get valued at over a billion dollars, I'd short sell it too. Trump probably did too.
- Trump is supposedly banned from selling it for six months. Do I think he has a way around that, yes.
  
  He'll just have someone do it for him.
Do you guys really want them to look into your stock being manipulated? Because I think there might be some investigation in the IPO being massively overvalued...
- It wasn't an IPO, though. DWAC (a company which was formed specifically to acquire other companies) acquired Truth Social at what everyone thinks is a massively overvalued price.
  All this short selling isn't institutional investors duping retail investors, it's institutional investors realizing how thoroughly DWAC screwed its retail investors by engaging in this deal solely to transfer wealth to Donald Trump. The Financials simply don't make sense, and the institutions know it.
  And the weird part is, even though there are a lot of lawsuits right now around Truth Social and DWAC, I don't think a single one is from an investor. Because those investors have been duped into believing that all the facts around the acquisition are lies, even though the financial filings paint the picture directly.
I guess the narrative here that Trump feeds to the retail stockholders is going to be that he was going to make everyone wealthy and that it was a great buy but that evil nasty short sellers ruined the party.
In all seriousness, it boggles me how everything that guy touches winds up with some level of trying to mislead people.
The stock market is a casino where the whales are allowed to put extra aces in their hand when they make a large enough bet.
Makes the Stock Market look like a scam to every normal person. Hurts the idea of ever investing or trusting any institution that is involved in investing. So yes a massive investigation of everything about this is warranted. It should be done by Congress, and Federal investigators.
- Good. The stock market is a scam and we should get rid of it, mandating that all profit dividends be evenly distributed among the workers instead.

9 comments