Trump's Stock Plummets (Literally) ft. Liz Dye

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Truth Social stock tumbles another 10% today, ouch 📰 Get 40% off of Ground News: legaleagle.link/groundnews ⚖️⚖️⚖️ Do you need a great lawyer? I can help! legaleagle.link/eagleteam
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Опубликовано:

7 апр 2024

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Комментарии : 4,4 тыс.

@LegalEagle Месяц назад

How low will it go? 📉Get 40% off of Ground News: legaleagle.link/groundnews Get a great lawyer with EagleTeam! legaleagle.link/eagleteam

@davea6314 Месяц назад

Trump for PRISON 2024!!!

@johndemeritt3460 Месяц назад

How low will it go? As a university-trained professional futurist, I don't make predictions. But if Cheetolini is any indication, there is no bottom! By the way . . . I don't do social media, per se, so I'm curious: what does Devin Nunes' Cow have to say about the lil cowpoke?

@eldenringer6466 Месяц назад

I like this lady. Good hire Devon!

@rosswilliams7195 Месяц назад

@@davea6314 for what crimes?

@dvbernard Месяц назад

Eew@@johndemeritt3460

@eggsinsideme Месяц назад

Jimmy Carter had to sell his Peanut farm when he became president. A friggin Peanut Farm. And Trump gets to hold meme stocks and hotels. What a joke.

@lengray44 Месяц назад

Carter was an honest man , with a conscience

@maryanneb4237 Месяц назад

Jimmy Carter didn't have to sell, he could have put it in trust but chose not to, that was his choice

@guywithinterwebs Месяц назад

Trump doesnt even so that

@LuisSierra42 Месяц назад

Laws don't apply to Trump

@TheOnlyMrFake Месяц назад

Jimmy Carter DID put it in a blind trust for his presidency. He sold it after he had left office.

@namenamenamename7224 Месяц назад

The SEC fined a SPAC $18M for fraud involving billions. How is that a sufficient punishment? That's like me getting fined $100 for stealing $10,000.

@danachase8083 Месяц назад

I believe the minimum fine should always be at least equal to the illicit gains.

@cdjhyoung Месяц назад

Well, when you let Republican legislator meddle with regulatory agencies, these are the results you can expect. You think Trump and his merry band did nothing while they were in office. Do a little exploring on the carnage they did to the Federal regulatory agencies.

@cmdraftbrn Месяц назад

you're not a "job" creator.

@badluck5647 Месяц назад

The fee for doing business

@timd4524 Месяц назад

The SEC is crooked as hell.

@kaylapounds1359 Месяц назад

Imagine giving up bill money, rent money, mortgage money, emergency funds, etc. for a person that wouldn't throw you a coat nor a sweater if it were freezing.

@jessicaolson490 Месяц назад

I always liked, "wouldn't cross the street to piss on you if you were on fire".

@impotusx2459 Месяц назад

@@jessicaolson490& those people would succumb to their fate, to “OwN da LiBs!”

@JustAnotherJarhead Месяц назад

don't be so hard on Biden.

@andrewgause6971 Месяц назад

@@JustAnotherJarhead May I bottle your tears, projecting one? They seem an excellent vintage.

@FatherTedCrilly Месяц назад

He couldn't care less about the country as long as he courts the correct fools and traitors to win.

@alexisgrunden1556 Месяц назад

The problem with the bond is that before it was lowered, Trump HAD a bond company lined up _that was willing to pay,_ and his lawyers _deliberately failed to report this,_ which is why the bond got reduced as they claimed that getting that much money together was a 'financial impossibility'. However, now that it's come out that Trump (via the bond company) actually DID have the money, the bond ought to be bounced right back up to $460 million, and his lawyers slapped down HARD for this fraud.

@drjanines3301 Месяц назад

On Fri B4 he came up w/ the $175 the Loser said he had $500 m cash 😂😂😂😂

@alexisgrunden1556 Месяц назад

@@drjanines3301 We all know DJT lies like he breathes; many times a minute, and both exercises will only cease when he finally does~😉😆

@JustAnotherJarhead Месяц назад

did you conveniently skip over the fact that even a 100 Million bond is unprecedented in history? Talk about being slapped for politicizing the judicial system... who should be targeted for corruption?

@vincetaliaferro2777 Месяц назад

Fake news..

@1972danhall Месяц назад

⁠@@vincetaliaferro2777It is in court documents. It is true.

@originalscreenname44 Месяц назад

Teaming up with “a guy from Miami named Patrick Orlando” is a thing that would be considered ridiculously obvious in the plot of a TV show.

@matheussanthiago9685 Месяц назад

And they say Duncan Idaho was a stretch

@lordvadertheleftie9703 Месяц назад

@matheussanthiago9685 is he related to Brooklyn Beckham?

@jacobmorris16 Месяц назад

I said the same thing. I swear sometimes it feels like we're all living inside a stoner's terrible screenplay.

@binaryfairy4197 Месяц назад

@@jacobmorris16 LOL! Good one!!

@melodicseaweed387 Месяц назад

Miami Vice

@logancade342 Месяц назад

Nobody who has almost 500 million dollars in cash uses social media to announce, "I HAVE ALMOST 500 MILLION DOLLARS IN CASH!"

@username7763 Месяц назад

He's hanging out with rappers. Seems like a good fit.

@JudgeJulieLit Месяц назад

That social media boast is grounds for the court to restore his bond liability to $454 million.

@triarb5790 Месяц назад

@JudgeJulieLit He will still owe the total $450+ million amount when he loses the appeal. Besides, the $175 million put up is now in question because the company who loaned it does not surety rights in NY.😂 You really can't make this sht up!

@FranchotElliott-kk1yr Месяц назад

@@username7763 Sorry Kid rock and jelly roll ain't worth 500 million. and Kanye is singular not plural.

@markvanderstelt8999 Месяц назад

they also do not go around selling everything under the sun and beg for Money just about every Day.

@maryd7940 Месяц назад

This is the first i'm hearing of Liz Dye. She explains complicated things so well. I will look into more of her online. Thanks for sharing.

@fredhiggins330 Месяц назад

Law and chaos podcast. She’s great.

@doctormo Месяц назад

I wish you'd covered the fact that they stole their software from mastodon and rebranded it. It's frustrating when the property rights are ignored by the wider community simply because it's nerds that owns those rights instead of other billionaires.

@Brasswatchman Месяц назад

Well, it *was* open source...

@doctormo Месяц назад

@@Brasswatchman *was* it. And what license did it use? Was and does it *remain still* the AGPL, a license which requires you to publish sources when running as a service. And if you don't you are committing copyright infringement of the same kind and severity as if you "stole it".

@Brasswatchman Месяц назад

@@doctormo They did publish the code. It's up on GitHub. (They left out the authentication secrets, unfortunately. I already checked.)

@Brasswatchman Месяц назад

@@doctormo Don't get me wrong. I'm all in favor of ragging on these people. I'm just saying this ain't the angle.

@doctormo Месяц назад

@@Brasswatchman That's why I posted this message here about the way liberals talk about these issues, and not on truth social.

@moes663 Месяц назад

It's insane that this whole thing was able to happen to begin with. SEC is a joke.

@JordanDragonAs Месяц назад

Sadly the SEC isn't the greatest

@Peregrine1989 Месяц назад

Its largely a joke. And thats what so weird about the SEC. And honestly I would prefer it completely toothless. If you play by its stupid arse rules, that are literally hypocritical, you are fine. But you step a toe out of line and they can literally destroy you for the stupidest things.

@LycorisThe Месяц назад

SEC is staffed by the very people taking advantage of the system. They have no interest to changing it.

@angusmorrison9433 Месяц назад

Synonym for SEC: Bernie Madoff

@LostintheTwilightZone Месяц назад

Dubya Bush was a huge supporter of "government/private" coalitions. Now private corporations basically run the SEC, FEC, FCC, EPA, FDA, OSHA, and many other regulatory agencies.....

@pridelander06 Месяц назад

Gotta love how no matter what it is, it's always a grift.

@VeroTesta Месяц назад

the grift that keeps on grifting

@bluphoenix6412 Месяц назад

@@VeroTesta😂

@anondecepticon Месяц назад

Trump never met a form of financial fraud he didn’t like.

@coreyham3753 Месяц назад

Good overview of this scam by the Legal Eagles.

@JM-hm5dc Месяц назад

@pridelander06 Exactly !! Look up the NY business FRAUD case ! He had a judgement for 454 billion $$, which was reduced (?) to 175 billion $$ !! The bail bond was posted by a bogus/ shady ( bank ? ) and at first, there was no financial info posted and no documentation !! DJT and his associates and lawyers could fill up a Federal Penitentiary themselves!!

@SuperSmashDolls Месяц назад

Truth Social isn't a Twitter clone, it's a Mastodon clone. They literally took Mastodon, turned off federation, and stopped complying with the AGPL that requires them to publish all their source code. And funnily enough there's a legal argument that the SPLC has been pushing rather successfully. Apparently anyone can sue someone for not complying with the GPL, even though it's a copyright license, because third-party beneficiaries of contractual terms can sue over that contract not being carried out. I'm not saying we should sue Trump to force him to publish their hacked-up Mastodon instance, but...

@Brasswatchman Месяц назад

Actually, they already did. It's up on GitHub right now.

@MMuraseofSandvich Месяц назад

I'm sure that the EFF knows, and the courtroom shenanigans Donald and his revolving door lawyers are pulling is why they're not doing it. He would bleed them dry.

@Brasswatchman Месяц назад

They already did. It's up on GitHub.

@JustAnotherJarhead Месяц назад

just keep voting Biden... you are doing the Country a great service.

@CodecrafterArtemis Месяц назад

Wait, did they actually turn off federation? I thought most Fediverse admins looked at "Trump social media" and said "nnnnnope".

@SpiderRiviera Месяц назад

Can we all just take a second to appreciate LegalEagle getting Liz Dye (a clearly competent, intelligent and articulate soul) to use the term "Magical Underpants" in an explanation vid involving trump.

@JustAnotherJarhead Месяц назад

I'm more thankful that she helped bring Biden into power 3 years ago.

@MommyOfMutants Месяц назад

Timestamp?

@93lozfan Месяц назад

"Chaos lawyer" new favorite dnd class

@Justanotherconsumer Месяц назад

Chewbacca defense incoming!

@Ramonatho Месяц назад

"According to bird law in this country..."

@littlekuribohimposte Месяц назад

A chaos lawyer sounds like someone who argues the Paladin didn’t break their oath, or get warlocks out of their contracts without losing their powers

@VeroTesta Месяц назад

@@Justanotherconsumer underpants gnomes confirm it

@black_rabbit_0f_inle805 Месяц назад

Better than a rules lawyer

@lamp9546 Месяц назад

This is like the tenth thing that has me thinking "Surely now his followers will see that he's a psychopath who only cares about himself" but it just never happens

@katyungodly Месяц назад

Boomers are not known for their intelligence and ability to spot scams lol

@Istuckmyheaddownthetoilet Месяц назад

@@katyungodly They are also known for their severe, to the point of psychosis, dishonesty. They lived in the Golden Age Of The Middle Class (approximately 1950) and think their children have it easier than them.

@julesdalli9716 Месяц назад

Some people like him for that very reason. Narcissists idolize even bigger and more powerful narcissists.

@scottamolinari Месяц назад

Tenth only? I'm like at just over 100.

@Siathuan Месяц назад

Sunk cost fallacy, along with pride. If they admit that he's a liar and fraud, they have to admit they were fooled, and shoulder the burden of having supported a conman in his pursuit of personal profit at the cost of everyone else. Sadly, the longer they cling to the idea that he's not just a con, the harder it is to admit that he is. At this point, short of personally falling victim to his schemes, it's probably too late.

@4RILDIGITAL Месяц назад

Seems more like a house-of-cards than a business model. Still, it definitely serves as a stark reminder of the power of meme stocks and the influence of high-profile personas on the market value.

@JustAnotherJarhead Месяц назад

facts. that certain "personalities" break the rules.

@akun50 Месяц назад

The more I hear about Trump, the more I want him off social media and in jail. This level of delusion is only seen in cult leaders, sociopathic narcissists and the clinically insane. And the fact that people STILL KEEP BAILING HIM OUT OR LETTING HIM OFF THE HOOK is even MORE appalling!

@dracosummoner Месяц назад

Yep. You know full well that any of us wouldn't have access to a bond bailout worth millions of dollars in a similar situation.

@victoriancu7358 Месяц назад

He's leading Biden in critical states for the election. How bad can a president be that Trump is a a reasonable alternative?

@smaakjeks Месяц назад

@@dracosummoner Imagine having an army of chronically online stans justifying obvious fraud on our part

@dracosummoner Месяц назад

@@smaakjeks They're afraid that the second they stop, the US turns into Communist CCP China.

@jss27560 Месяц назад

If you looked at his history before he even before for president none of these would surprise you in the least.

@BinaryHedgehog1 Месяц назад

Amazing comment elsewhere I found about this: "I for one AM SHOCKED. How could a company that has lost over 100M in 2 years, possibly fail??? It made 4M last year. That obviously means that it should be valued at 8 BILLION dollars."

@chezmoi42 Месяц назад

Well, that sounds about as snarky as Liz's explanation. 🤣

@crimsonking5961 Месяц назад

Don't forget to include low user engagement

@richardarriaga6271 Месяц назад

If Trump wins the Presidency, it will be worth something assuming Trump doesn't just cut a deal with FB or Twitter.

@samuel4lin Месяц назад

then you buy it.

@B_Bodziak Месяц назад

@@richardarriaga6271 Do you think Trump can keep from selling that long? He has $464M to pay, THUS FAR.

@Mrinsecure Месяц назад

I've often heard it said before that if the only penalty for a crime is a fine, then it's legal if you're rich. And I fear that's sadly also the case for well-monetized corporations, who can easily eat the costs of litigation and SEC fines for blatant securities violations and still come out ahead.

@Henrik_Holst Месяц назад

That is why the EU corporate fines are 10% of the company:s revenue, that amount stings regardless of how rich you are.

@Tracey66 Месяц назад

100%. Banks get slap-on-the-wrist fines for all their money laundering - it's just the cost of doing business for them. Same with the insider trading fines for politicians - make millions of dollars, pay a couple hundred dollars in fines.

@Tracey66 Месяц назад

@@Henrik_Holst That's a better way to do things.

@ProctorsGamble Месяц назад

Yep. Just a cost of doing business.

@MattB90 Месяц назад

This is much darker when you think about situations in which negligence causes people to die, but the company concludes the cost of those wrongful death lawsuits pale in comparison to what it would cost to do a recall or fix the issue smfh

@spiritualanarchist8162 Месяц назад

Yes, every individual country in Europe has it's own problems. Yes the E.U is messy and could use some reform . But America really needs some drastic political renovation . If out of the 350.million people , the only choice is voting for one of two old men, (one completely insane the other demented ) , while a supreme court with enormous power has a handful of un -elected politically biased people who rule for life, you know democracy has fled the building a long time ago .

@DILFDylF Месяц назад

SPAC sounds like a slur. Like someone sees Donald Trump and says "Ugh shouldn't someone have locked that SPAC up by now?"

@apbecker Месяц назад

Probably because it's one letter off from being an actual slur.

@latch9781 15 дней назад

It is in the UK

@the_last_ballad Месяц назад

I find it interesting how his children demanded a share. Not from his 90% slice of the pie, but from the small leftover bit that the people actually doing the work have to share.

@ElRel Месяц назад

Such a talented family

@terryyakamoto3488 Месяц назад

It's gangsterism pure and simple. But even the Mafia had a code, the Trumps have zero integrity

@XXMatt0040XX Месяц назад

"Demanded?" I think the most fitting term is "Extorted."

@lqr824 Месяц назад

Doing the work... or putting up the money! The crazy thing here is that this news story actually has lefties cheering for people trying to get rich playing the stock market or even actually providing working capital for a business...

@janiecovey9009 Месяц назад

Trump would not give it to his kids . They are bullies who would give money they worked for away for nothing. What do the kids have on these guys.

@tyler3201 Месяц назад

People in power shouldn't have companies on the side.

@billwhite515 Месяц назад

Like congressmen who have stocks in pharma companies and therefore block or allow drugs they know to be safe or unsafe because they know company x won't support if they go against their interests? You don't need a formal conspiracy when interests converge. Example mithpristone tell me Congress doesn't have a stack in trying to ban something that's been tested for years without adverse effects. If you believe the example I have a section of the Brooklyn bridge to sell

@dafyddroff8084 Месяц назад

Lobbying (legalised corruption) is a bigger problem than politicians owning businesses tbh

@reviewchan9806 Месяц назад

Remember when they made Jimmy Carter sell his one peanut Farm because of fear of corruption and insider trading

@michalsoukup1021 Месяц назад

It kind of depend on what company we talk about. Jimmy Carter had a company, but I doubt that anyone was at the time seriously concerned that Carter will use his powers to self deal money or put competitors out of business.

@barfrost007 Месяц назад

@@michalsoukup1021 True, but Carter let go of control of his companies before/upon becoming President. Trump never really did, as he was still being asking about business decisions and giving directions whilst in office, even if he nominally wasn't listed as the head of the business. In theory (that is, should the law actually be enforced), no federal officer is supposed to simultaneously head/have stake in a business. Again, sadly, in theory.

@AlanTheBeast100 Месяц назад

Apart from the story, SPACs should not be permitted. Potential public co's need full transparency before they go public.

@KnakuanaRka 22 дня назад

Yeah, what does it do other than help shady people be shady?

@westcoast1155 Месяц назад

"Pardoned on his last day in office." Oh my actual god. It's 2024 and I'm terminally online, how am I STILL learning new, horrible things about the trump presidency

@CheapFlashyLoris 29 дней назад

Wait till you hear about all the executions he rushed through in the final days, once he realized he really had to leave office. Priorities...

@jamietigges2154 Месяц назад

It's amazing to me how many hardworking, but poor, conservatives are head over heels for this guy. It's so obvious everything he does is to milk people dry for his own lifestyle. He quite literally couldn't care less about America, it's people, and their laws. Only the final payout on any of his ventures matters. But because these people have been held down by corporate America for so long they're extremely desperate for anything and will believe anything in the hopes that it's real.

@drakeconsumerofsoulsandche4303 Месяц назад

Not really. All you do is tell those blue collar workers that Mexicans are coming for their jobs and suddenly you unite the entire base in your favour.

@thehoodedteddy1335 Месяц назад

The GOP has gotten very good at getting people to support things that go directly against their own best interests in favor of the interests of the wealthy

@culinarymercenary5831 Месяц назад

Most have had practice with being milked dry by the evangelical church, so it's not much different to them.

@philippefutureboy7348 Месяц назад

I do think Trump cares about America, in a somewhat patriotic way. Does he care about its people? I doubt it. I think it’s more about what America means as a symbol - power, capital, freedom, riches, etc And I also think that’s why the poorer, right leaning demographic like him so much. This guy is not ashamed of the power that America represents and to push others down to make those value shine brighter

@bober1019 Месяц назад

@philippefutureboy7348 your naïveté is exactly the problem with america. On one had you seem to have an idea of what's going on with Don the Con man and in the other, still give the guy credit where none is owed. America is a picture of internal hostility. Many states are confederate states in disguise, fear and hate is fuled by the GOP/religious lies and conspiracy theories and all this while protecting the 2nd amendment that clearly needs to be abolished. take it from a person in Canada, we don't see america in any shinjng light, especially since 2017.

@chrishaven1489 Месяц назад

"The first pair of magical underpants was Truth Social..." Even without context, this sentence makes more sense than it should

@jmhiss Месяц назад

Underpants are seriously soiled

@jamesturner2126 Месяц назад

Donald Trump is a magical underpants salesman. He is a gambler.

@Claymann71 Месяц назад

'Leave me outta this.' -Captain Underpants, More-Suitable President then Angry Orange Cheeto-Man.

@larryscarr3897 Месяц назад

@@Claymann71Joe Smith would like to talk to you about magic underpants and wooden Jesus submarines..

@lesliefranklin1870 Месяц назад

@@jmhiss Ah, the infamous golden skid mark.

@peppeddu Месяц назад

I am more fascinated by his system. I wonder HOW is he able to get hard working regular folks to donate money for his legal bills while he's living the billionaire lifestyle and trashing the lives of anyone who partners with.

@kiki19822 Месяц назад

There's a sucker born every minute.

@akraan4563 Месяц назад

You know, there is a reason, that in parts of germany, there is a saying that someone "macht einen Amerikaner" , meaning suing anyone worth suing for the pettiest and most ridiculous reasons imaginable just to get money out of them.

@Brasswatchman Месяц назад

Tough but fair. I only hope with time they change it to "macht einen Trumpf." Stings a little less.

@MMuraseofSandvich Месяц назад

@@Brasswatchman Given that we still have IP troll attorneys, maybe it should be "macht einen amerikanischen Anwalt"... (Google Translate grammar)

@JustAnotherJarhead Месяц назад

Germany is the LAST country to be pointing any fingers.

@Brasswatchman Месяц назад

@@JustAnotherJarhead In terms of litigiousness? Haven't heard a whole lot about Germans and lawsuits.

@Alverant Месяц назад

I got kicked off Truth Social for pointing out Trump said he wanted to do the "no pants dance" with his daughter, who was a minor at the time. So much for free speech and truth.

@aries4378 Месяц назад

😂

@tonymurray814 Месяц назад

😂😂😂😂

@gorak9000 Месяц назад

It's true, many people are saying... the most luxurious "no pants dance" the world has ever seen, it's gonna be not uuuge (and very mushroom shaped)

@wildshadowstar Месяц назад

That’s because they don’t want you telling the truth, just Trump’s form of truth.

@user-qq9ir3vx5c Месяц назад

that is the Conservative hallmark. They do not want free speech for everyone, only themselves. That is Elon Musk's version of Twitter as well.

@termnus77 Месяц назад

Still waiting for a Trump GoFundMe to pop up. Calling it now, it absolutely will work too 🤦🏻‍♂️

@Sinaeb Месяц назад

the good old gofundme because capitalism never works

@grigandy Месяц назад

They already did, it was already closed for breaking their terms

@ectothermic Месяц назад

Thought that was a thing already.

@RaylightSilver Месяц назад

Better idea than a Trump OF 🤢

@paul16451 Месяц назад

Yup, one was set up immediately after the first judgment was issued against him. I think it raised about $1.5 million over a few weeks before it shut down.

@TravelinginMiniature Месяц назад

One of the best explanation of how a SPAC works. Thanks!

@lostbutfreesoul Месяц назад

That line about Trump's fans falling over to be grifted by him is... scary accurate. They know they are going to lose money, but they showed Loyalty.... And isn't that more important?

@MomMom4Cubs Месяц назад

The Sunken Cost Fallacy is strong here.

@ShroudedWolf51 Месяц назад

At this point, I've learned to quietly look up anything that I see...say, at a friend's placethat makes me think, "Oh, that's kinda weird.". Got burned too many times at this point. I still remember being over at who I thought was a close friend's place and seeing "I Hate Harry's" stickers on his PC and thinking, "The...shaving razor people? That's so arbitrary, what's the problem?" and brushing it off. I probably should have looked up that it's a Live Wire grift to sell their low quality crap to imbeciles that think "socialism" or "woke" is the biggest burn you could inflict on a person. Would have been a lot less of a shock when I found out that this "friend" attended Jan-6.

@JustAnotherJarhead Месяц назад

loyalty goes a long way.

@CdnTrader1 Месяц назад

On a serious note., these SPACs need to be de-listed. They are just loopholes for bad faith actors. Fat Bastard is exhibit 1.

@chickadeestevenson5440 Месяц назад

Yeah. I was listening and just wondering HOW THE SHIT IS THIS LEGAL

@thomasbecker9676 Месяц назад

@@chickadeestevenson5440 Lawmakers make shitloads of money from them. That's why.

@rrmackay Месяц назад

SPAC are a common mechanism in business, sometimes they are used for backdoor offerings, but they have other uses.

@joelsimons3830 Месяц назад

Money .obesity faster than the law.

@andrewa9700 Месяц назад

Yes and no. Its more so the ease of doing illegal things in the SPAC processs that makes it a danger to investors. DWAC announced its intent to settle their SEC investigation of the Trump SPAC by paying an $18 million fine revising some of its filings. That slap on the wrist ain't enough to stop shady practices of SPACs.

@stormthrush37 Месяц назад

Legal terms aside this is much akin to allowing the guy responsible for the Fyre Festival fraud to do a round 2 to pay for his legal bills.

@Johan-vk5yd Месяц назад

Haha!

@B_Bodziak Месяц назад

Except in this Trump Festival, he wins either way

@sleazymeezy Месяц назад

The internet historian does a great video about that. My favourite part was how it was meant to be on an island previously owned by Pablo escobar but they blew that by bragging about it

@wildshadowstar Месяц назад

If Trump were such a savvy business and so rich, he wouldn’t be in this mess.

@DMBisAwesome Месяц назад

Can't believe phrases like "meme stock" are now a part of the public lexicon.

@shadowskill111 Месяц назад

Ohh, this lady is really good at being a story teller and letting the audience know exactly what happened in plain language. Thats a great skill.

@Kaderon11 Месяц назад

Her podcast is 100% worth a listen.

@AdmiralLj Месяц назад

@@Kaderon11 well when she is not helping to steal them that is.

@towTruck42 Месяц назад

and she has serious hand restraint! did you see that?!

@SimonBuchanNz Месяц назад

She should get a real job that makes use of those skills! Oh, wait...

@danm6189 Месяц назад

@@towTruck42 lol

@throckmortensnivel2850 Месяц назад

"Truth Social", "Reality TV". You were right, Mr. Orwell.

@MikeGaruccio Месяц назад

The 4M is honestly the most confusing part, they’d have been much better off just not monetizing at all yet, claiming they’re “pre-revenue” and “building the user base before we turn on monetization” and then just made up numbers for what they could be making if they wanted to. Actually selling ads makes this whole thing so much harder on them.

@longc35 Месяц назад

I really wish that the emoluments clause had actually been enforced.

@freddoflintstono9321 Месяц назад

I had to put a towel under my screen to handle the sarcasm dripping off it - this is a brilliant piece.

@XXMatt0040XX Месяц назад

Meanwhile I cannot tolerate it. You think the stock market's very stable right now? Have you heard of the Great Depression? This needs to be approached extremely seriously. I truly cannot listen to her; she immediately lost all credibility with that sarcasm.

@tim3172 Месяц назад

@@XXMatt0040XX Would you like some cheese for your whine? Trump's nonsense is only impacting his own financial security and that of his cult.

@theDataStudent Месяц назад

@@XXMatt0040XX Do you happen to have stock in DJT, be serious my guy, this aint wallstreet bets, and frankly if your stock market is so unstable that a YT vid collapses it, i'd argue its foundations aren't that stable, and should probably be overhauled.

@garyfrazier5414 Месяц назад

Liz is really good, as regular readers of Wonkette and Above the Law will attest.

@MomMom4Cubs Месяц назад

Tell me about it!!

@curiousnerdkitteh Месяц назад

"If you've been accused of insider trading, fraud or overthrowing an election... well you can probably go somewhere else." 🤣🦅

@Nickname-ef9tv Месяц назад

That has been his problem for years. Reputable lawyers take a wide berth, so he must make do with those who barely keep themselves out of prison.

@warlordofbritannia Месяц назад

I mean, now he's straight up aping Bernie Madoff.

@LibraInSeattle Месяц назад

I love that you used the underpants gnomes as an example. Brings back memories from when my husband and I were dating. Ok, that sounds weird. We used to get together with friends and watch South Park. Those were fun times.

@Channel-cy4lh Месяц назад

"As of the time of this recording, the stock has fallen almost 50%, in to the low 40's." As of the time of this comment, the stock has fallen 20% from /that/ value, to $33.03. Being a "meme stock", I guess it's apt that soon we will probably be able to say of it's value "Aaaand It's Gone!"

@feliciasjoberg9886 Месяц назад

14:10 "because what would a Trump business be without neoptism" 💀

@MyRegardsToTheDodo Месяц назад

But making someone CEO who has a degree in agriculture is actually quite genius. Atleast he's used to dealing with bullsh*t.

@Berengier817 Месяц назад

Hopefully the SEC comes after him for lying publicly about the value of the stock to try and get it to go up

@nondescriptcat5620 Месяц назад

the SEC is useless, the civil suits the co-founders are filing against him in Delaware are more likely to have teeth.

@schloops8473 Месяц назад

the sec doesn't go after people whose dad was a billionaire

@Tracey66 Месяц назад

The SEC is useless, toothless, hopelessly bought and paid for, and dumb.

@GamingWithNikolas Месяц назад

@@schloops8473 True sadly

@kingace6186 Месяц назад

Don't hold your breath... (Not being cynical. Just realistic.)

@starwarsandtffan Месяц назад

“As of the time of this recording, the stock has fallen almost 50%, into the low 40s” at 36 rn 😂😂😂😂😂😂😂😂😂😂😂😂

@Ericwvb2 Месяц назад

Can you imagine the judge in the first DJT shareholders lawsuit? You bought stock in a company majority owned by the world's most infamous con artist & fraudster and you're suing ... to get your money back? HA HA HA HA HA! Case dismissed!

@drjanines3301 Месяц назад

@@Ericwvb2😂😂😂😂 true

@Gaming_Antics Месяц назад

The stock plummeted in one day and never recovered, at this rate it will be a penny stock in a month or two.

@I_Dont_Answer_Questions Месяц назад

Still over 2x pre announcement...

@haxie4516 Месяц назад

@@I_Dont_Answer_Questions and rapidly dropping lol

@SuzakuX Месяц назад

@@I_Dont_Answer_Questionsit erased all gains it made after going public yesterday. Most puts on 4/12 and 4/19. It'll crater by the end of next week.

@PrairieDad Месяц назад

My father-in-law offered me money to buy DJT stock. I refused on ethics. I should have taken his money and waited to buy it later. It's a real-life short.

@kimyoonmisurnamefirst7061 Месяц назад

You might still have a chance to short...

@michaelpalacios8951 Месяц назад

Buy it, then sell deep in-the-money calls against with a year until expiry. Worst case scenario it gets pulled away from you and you don't profit if it takes off or stays put (but still have some of the money from options sales). Best case scenario, it tanks and you still walk away with a chunk of the cash in the form of the premium from the sold options. Middle case, theta does the heavy lifting for you and you profit off dumbasses trying to leverage their long positions through naked options. There's ways to turn such an offer into a position that isn't ethically odious.

@MyRegardsToTheDodo Месяц назад

It lost over 10% in one day, so I'd say shorting it might still be pretty lucrative. At the moment it's at $36 and my personal prediction would be that it's under 20 by the end of the week.

@albertmagician8613 Месяц назад

Myregalds The cost of shorting is not trivial. Shorting DJT is an order of magnitude more expensive than even the second most expensive.

@lordvadertheleftie9703 Месяц назад

I'm holding fire until I short it. Give it a few weeks. Trump will find a way of artificially inflate the stock. That's when we strike

@itsdantaylor Месяц назад

5:52 hearing a professional lawyer and well educated person say so calmly "the first pair of magical underpants..." caused me to spit my drink!

@KittyKatty999 Месяц назад

It's Apollo Justice all over again XD

@dlo111 Месяц назад

Liz is my new favourite person, lol

@91djstar Месяц назад

@@KittyKatty999the fact that Trump allegedly was inappropriate withunderage girls makes that Apollo Justice reference even more on point lol

@snaggletooth9784 Месяц назад

Just proves she is unprofessional and he's not very well educated.. both brainwashed by their own bull

@snaggletooth9784 Месяц назад

@@91djstarwhat about your hero biden..

@OfNoImport Месяц назад

It's down about 50% from its opening high. Love to see it.

@ANunes06 Месяц назад

I love how much South Park has influenced the legal profession. There's really only corporate and financial lawyers thinking of the Underpants Gnomes whenever they see a half-formed business plan, and The Chewbacca Defense. But that's still two things lawyers carry around with them from a show that features a singing poop.

@StAugustine6 Месяц назад

This makes me think of the South Seas Company. If you've never heard of it, look it up. It's a wild story about how a company that never made a dime was essentially given a blank check by the UK government to offset government debt. Very illegal now, at the time, they were able to bribe damn near every MP to look the other way. It took the appointment of the UK's first Prime Minister to sort it out.

@SeedFactoryProject Месяц назад

There's a famous book "Extraordinary Popular Delusions and the Madness of Crowds" that goes through past bubbles and meme stocks (they weren't called that back then). For example the Tulip mania, and early railroads in the US. Again and again people fall for a good story, and when other people see the item going up, they buy into it. Pyramid schemes work that way. Recent ones include the Dotcom boom around 2000 and mortgage-backed securities in the later 2000's. Don't invest on a rumor. Do your detective work and understand how the given company or project will work, and how likely it is to make a profit. For example, Truth Social spent 62 million last year to earn 4.1 million in revenue. You don't get rich spending 15 times what you earn. Startups do typically lose money at first, but you have to look at the trend. Both Tesla and Amazon lost money in the early years, but revenue was rapidly growing and becoming a bigger share of spending. Eventually they turned a profit.

@warlordofbritannia Месяц назад

"Mom, can we have Tulip mania?" "No Robert, we have Tulip mania at home." Tulip mania at home: Shout out to the contemporary Mississippi Company Bubble for somehow making French government finances even worse

@Stevonicus Месяц назад

The UK government were still servicing the debt until very recently. They paid off remaining outstanding historical debt in 2015 for the bubble, the Napoleonic wars, the Crimean war, and some other 19th century debts.

@alanhindle3149 Месяц назад

I remember reading about that. There was another company founded around the same time who’s name was essentially We Have A Plan To Make A Lot Of Money But We Can’t Tell You Anything About It that garnered an absolute fortune from eager investors, but then mysteriously vanished without a trace, leaving everybody very confused where their money went. Ha! Human beings! We never get less stupid!

@warlordofbritannia Месяц назад

@@Stevonicus Three hundred year old debt…jeez, I’d hate to be waiting for that repayment

@MarkovianMan Месяц назад

And now he's reportedly in trouble because he did get an offer from someone to post the full amount of the bond and he didn't tell the court. So the reduction was based on fraud.

@Ironman1o1 Месяц назад

The Reduction was illegal on its own, so lets just start stacking crimes. For being so out to get him, the SDNY courts have bent over backwards to make him happy.

@rockjianrock Месяц назад

Wheeee and put the difference in the bahamas or some tax haven account

@Tsudico Месяц назад

I don't suppose you can direct me to a source for that? I know that the argument used for the appeal had some holes already, but it would be quite something if the appeal decision could be overturned based on this new evidence.

@aksez2u Месяц назад

Who here didn't know more than all those stupid judges put together. Everything he says is a lie. Everything his lawyers say is a lie. Always.

@kneau Месяц назад

@@Tsudico checking now -- three days ago, ProPublica (among others) did publish an article about Trump's lawyers failing to disclose etc. My search terms were "Trump offer."

@shadowstone13 Месяц назад

@7:25 A stat that wasn't spoken about is bounce rate. I didn't know what that meant, so I did a quick google dive, and here's what I found in case others don't know either: Bounce rate is the percent of people who leave the website after only visiting one page on the website. They don't browse the site, just arrived at a post or page via Google and leave immediately. A high bounce rate isn't a bad thing for reference sites like Wikipedia, cooking recipes, dictionaries, etc. However, for social media sites, where you are expected to browse multiple posts, check inboxes, your main pages, a news feed, maybe a friend's page, that isn't great. A 52.2% bounce rate is hilariously bad for a social media site, or so I gathered.

@swngwyrdd3552 Месяц назад

Anyone else constantly reading it as "Teenage Mutant Tinja Gurtles"? 😅

@ShimmeringSpectrum Месяц назад

This is an absolutely savage takedown of this nonsense. Absolutely love it. Looking forward to seeing more of the Chaos Lawyer in the future!

@donaldlayher3180 Месяц назад

This woman explains what's going on with the issues. Clear and concise. Go for it!!!!!!

@erinford8138 Месяц назад

Her name is Liz Dye and she recently started a podcast called Law and Chaos if you want to hear more from her.

@douglasdea637 Месяц назад

SPAC: Never heard of these before. Granted I'm no expert on financial companies but still... Is it just me or does everything about Wall Street and the financial world seem like a giant scam? A place where money is moved around but little actually gets done. I think it's time to vastly increase the funding of the SEC.

@bizdrone Месяц назад

Ramaswamy had his hand in a few of the SPAC failures out there.

@douglasdea637 Месяц назад

@@bizdrone Wouldn't doubt it. That guy is shady.

@cms1381 29 дней назад

...and this week DJT shares fell considerably. Looking to hit single digits or get pulled from the market by the SEC.

@Gardenlessbirb Месяц назад

I love Liz. Please bring her back again. The first time there was someone other than Devin presenting I was crabby about it. But I have come to really appreciate the different perspectives and styles and Liz is delightful!

@foobar6345 Месяц назад

Absolutely. Beyond being absolutely brilliant at presenting, I like that she clearly has a bit more skin in the game. She clearly cares, while also still being clear, concise, and not overreaching. That's a rare combination. I'd love it if she did all Trump-related stuff, or at least as much as she has time for.

@aaron96244 Месяц назад

💯 responding for visibility. I am enjoying this video.

@stevenperry9762 Месяц назад

All SPACs are trash, this one was born in a burning Dumpster. The Tangerine Despot will never see a thin dime. Hilarious.

@Ullumma Месяц назад

Tronald Dumpster fire strikes again

@ckorhonen72 29 дней назад

Not gonna lie. The South Park Underwear Gnomes clip just broke me. LMAO!!!!! Great job editors!

@ajaxchess Месяц назад

Great job, Liz! As always, the channel's summary of legal drama in the news is greatly appreciated!!

@devak45167 Месяц назад

“…hooked up with a money-man from Miami named Patrick Orlando” yea that checks out, big FL Man energy here

@malec8517 Месяц назад

Oh America, where you sue the guy suing you every time.

@40yearoldman Месяц назад

Already have to pay for the lawyer.

@joshuaaguda7349 Месяц назад

Forget about it....

@narcopsy Месяц назад

I don't think that's true at all

@heavypen Месяц назад

Sounds like the opening line for a new song...

@Ullumma Месяц назад

I'll sue you for that 😂

@CampffireZ 19 дней назад

I’ve only watched this channel a few times; I keep forgetting how good y’all are! Thank you for this, I’m subscribed now and looking forward to more!

@dk_puck Месяц назад

This was really well done. Great script, great presentation. Covered basically everything.

@xlk01 Месяц назад

just quickly wanted to say that Liz absolutely rocks 😊 love her sarcasm and the storytelling is amazing. please bring her back

@lordofhyphens Месяц назад

I am not a fan, but that's because she decided to hang out and do a show with an accused sex pest for a year while he was dealing with the fallout of the accusations.

@logantravis2084 Месяц назад

She is an excellent storyteller. She really provided some very wonky information and untangled a mess of details in a sharp and passionate way. Devin is still the master of youtube lawyering but Liz really provides some S-Tier professionalism. What a solid lawyer.

@yahorrohach5608 Месяц назад

It seems like someone has invented and launched the biggest and legit laundry machine ever! What a disgrace... 😔

@compugasm Месяц назад

How many billions was spent on Ukraine?

@iordanvassilev8091 Месяц назад

@@compugasm not enough. One is a country that with Crimea is the second largest in Europe. The other is a liar, extorter and a corrupt politician, that people are desperate to give money to

@agilemind6241 Месяц назад

@@compugasm Because lining the pocket of a corrupt criminal family is just as important as defending the national security of a democratic ally against an invading imperialistic authoritarian...

@tim3172 Месяц назад

@@compugasm How many tacos were sold in New Hampshire? Are we just asking random, irrelevant questions?

@collin4555 Месяц назад

@@compugasm Ukraine got supplies. The money went to American arms manufacturers etc. What's your complaint about that?

@abraxis59 Месяц назад

That video was AMAZING! I have watched a ton about this and I have never seen anything close to this comprehensive and well explained coverage.

@esc8engn Месяц назад

this is my first liz experience, and although i was skeptical at first, this was very rewarding to watch. great addition to the channel.

@hosermandeusl2468 Месяц назад

Well done! This case has more "pointers" than a C++ program!

@user-wz9kt7im2i Месяц назад

:D I am one of the 10 kinds of people. Programmers and everyone else.

@Ikxi Месяц назад

I'm one of the other : D

@BonnieJWa1 Месяц назад

Liz Dye is crushing it! Thanks for your reporting! Waiting for trump to fail utterly and become financially broke for real.

@fredthebulldog529 Месяц назад

Outstanding video! Very detailed yet easy to follow. Excellent work

@xyvazkrown8048 Месяц назад

Love the new addition, I like how well she intones serious lawyer talk to show how they really are just BSing or showwing thier true intentions.

@SkiDaBird Месяц назад

I still don't understand how SPACs are legal.

@joanfregapane8683 Месяц назад

I don’t quite understand why they exist, but if they do things in an aboveboard manner, it doesn’t sound illegal. But of course, this particular SPAC didn’t play by the rules.

@XXMatt0040XX Месяц назад

@@joanfregapane8683 Oh no, this one's just completely brazen and not even attempting to hide. They are 100% legal. Corporations have 1st Amendment rights, it's that crazy.

@ulfosterberg9116 Месяц назад

It is good for rich people who wants to avoid paying tax. Of course it's legal.

@tridave9811 Месяц назад

Wow, the level of sarcasm and mocking is next level and I'm here for all of it. Well done.

@pariahzero Месяц назад

Editing genius: That cat crunching on the treat: PERFECT at that moment.

@rollin340 Месяц назад

The emoluments clause is such a joke in America.

@Wolfgang8-Y Месяц назад

Speaking of Trump Bibles... I'd love to see a video on the laws around churches interfering in politics and donating to political candidates, whether the Trump-branded Bibles work as a legal loophole, and how to report religious institutions who are violating those laws.

@grimmseti Месяц назад

Meanwhile, for some reason we can't "report" people like Mark Zuckerburg when THEY interfere in politics, because... what? Churches aren't allowed to "interfere in politics" but tech billionaires can? I didn't know donating to a political candidate was illegal. Certainly, Zuckerbucks don't seem to be.

@jennifertarin4707 Месяц назад

Are there such laws though?

@scarybaldguy Месяц назад

@@jennifertarin4707 If there were, the Church of Happyology would have collapsed decades ago.

@Wolfgang8-Y Месяц назад

@jennifertarin4707 Yes. Any religious institution with tax-exempt status isn't supposed to endose or donate to any political party or candidate. If they do, they can lose their tax-exemption. At least, that's the simplified version as I understand it. It's almost certainly more complicated. Hence why I want a video!

@mystic-malevolence Месяц назад

I believe you would need to file a report to the IRS, as they handle the tax-exempt status of churches and nonprofits.

@dsexton1055 Месяц назад

Life Pro Tip: Don't name a stock after yourself. When it hits the fan, it might not be good for the ego.

@jacqdanieles Месяц назад

Pro tip #2: don't name a stock after yourself _again,_ when the last time you did that, the company went bankrupt.

@jefflee6711 Месяц назад

You mean like Trump University, or Trump Steaks, or Trump Water, or Trump Magazine, or Trump Ice, Trump Vodka, or .......... endless list of failed companies?

@nvelsen1975 Месяц назад

@@jefflee6711 Trump Vodka was actually deemed to be fraud, left two distillers broke. Thing is bankruptcy fraud is not a police matter in the Netherlands. As it's the Official Receiver (curator) who has to pursue it, and that one is.... paid out of the bankrupt company's assets. So most company curators just want to wrap it up quickly as possible so they actually get paid and not do anything more than necessary. So Trump Vodka was officially fraud, but fraud is legal in the Netherlands unless the FIOD (fiscal police) goes out of their way to pro-actively make a case. Which they almost never do.

@burtonguster2983 Месяц назад

I’m selling tshirts thst say, “I’m a real truth social member!” Only $500…what a bargain!😂😂😂

@Black_Caucus Месяц назад

4:29 whoever made this graphic is an accurate genius. I thought at first it was actually something the Trump team wrote while to pretend to do the 2016 trick of pandering to the working class by attacking the owning class and neoliberalism, until I realized it was LegalEagle doing an edit 😂

@scott9676 Месяц назад

It's the digital version of the old "book deal". Some hack politician would "write" a "book", and either get a huge advance for it or a large cut of sales for royalties and then lobbyists would buy them by the pallet at full retail to hand out at conventions or heat their homes.

@whypothetical Месяц назад

I shorted this stock and it is straight up printing me money right now. Making money on Trump's failure feels amazing.

@Toonrick12 Месяц назад

Just asking for a friend... How much and how to do a short sell?

@HuskyOwner-bl1jf Месяц назад

@@Toonrick12 You borrow someone else's stock Sell it when the stock price is high Wait for the stock to crash Buy cheap Return the stock to the original owner Keep the difference, minus any agreed upon fee for borrowing the stock

@ArminAwesome Месяц назад

@@Toonrick12 it works by borrowing shares, sell them and when the price falls you buy them back and and profit on the loss.

@muzzy9267 Месяц назад

If you shorted, let me just say the losses will be too great to cover the margin

@XXMatt0040XX Месяц назад

@@Toonrick12 DO NOT PLAY WITH FIRE OR YOU WILL BE BURNED.

@geeyetwah5858 Месяц назад

Can you imagine investing in Digital World, only to find out they invested in Trust Social.

@LouieGrind Месяц назад

I will never understand why SPAC's are legal...

@acuyra Месяц назад

It honestly boggles my mind that anyone though Truth Social would be some kind of huge success. It's like they don't understand that there's this whole world out there outside of the USA where no one cares about Trump, at least not nearly enough to get an app just to hear listen what he has to say.

@andrewharrison8436 Месяц назад

From out there (UK): We do care about Trump, we care that he never gets near anything approaching public office ever again.

@robertbass3667 Месяц назад

I hope Trump is found guilty on all counts and a judge with balls puts him in a real jail and scares him straight

@FunkyLittlePoptart Месяц назад

They also overlooked the tons of people who followed the Cheeto on Twitter because they hate him but needed to know what kind of whackadoo he was spouting in order to defend themselves. Those people aren't going to a new platform with him, and they certainly aren't going to pay for the privilege.

@erikg8526 Месяц назад

@@robertbass3667 with you, but would prefer him getting put in jail and that's the end of it and we can all just move on with our freakin' lives.

@user-tn3qf1gg1j Месяц назад

Listen to what ? Whinging whining lies and propaganda of a con artist that uses conspiracy theories and false claims of Divinity to grift money from his sychophantic dupes.

@cylonred8902 Месяц назад

And as of today - mid=$30 - it ia hilarious. My brother is an accountant and went thru the P&L and balance sheet and basically laughed at the "business"...

@nmappraiser9926 Месяц назад

It drops about 10% at the opening bell every day, then bounces back a point or two. This is destined for the gutter.

@tridave9811 Месяц назад

Sure it keeps dropping but the PE Ratio is improving 🤣

@lqr824 Месяц назад

That's the case with a lot of startups: laughable valuations, sometimes fed by short squeezes, such as Yahoo before people realized selling ads was the way to monetize clicks. Even Amazon literally didn't make a cent of profit for 20 years straight.

@nmappraiser9926 Месяц назад

@@tridave9811 There is so much blue sky - with negative earnings, there is nowhere to go but up!

@Nickname-ef9tv Месяц назад

No need to be an accountant. Just google the total stock value and divde it by the revenue (a common measurement among stock traders). Here we have a traded stock value that at its peak was over 1700 times the revenue, anything above 50-100 veers into speculation bubble.

@Steveriknows Месяц назад

They should also be asking the NYSE why they didn't estimate Truth Social's valuation on it's Price Earnings Ratio, like they do with every other company.

@Brasswatchman Месяц назад

It's being sold on NASDAQ, not NYSE.

@Alblaka Месяц назад

Hilariously enough, I can totally get the Asian diplomat's take. I would boldy presume he might be Japanese, and since maintaining face value is the biggest concern there, I can fully relate to the idea that you wouldn't want to take the risk of embarassing the president of the nation you're visiting on the offchance that his ego makes him ask you where you are staying. Like, that specific example might genuinely not even be a lobbying attempt, just Trump owning a hotel (unintentionally) exploiting another culture's emphasis on politeness. But back to the sad part: Why again are SPAC mergers even legal, if their obvious sole purpose is to circumvent regulations? Wouldn't any remotely moral legislator immediately feel insulted by the brashly overt nature in which the regulations are circumvented? Guess there's none left.

@Ericwvb2 Месяц назад

"Why again are SPAC mergers even legal" - look who writes the laws & regulations and who pays their campaign bills. Stock buybacks were illegal until the age of Reagan. Remember the Commodity Futures Modernization Act of 2000? Ayn Rand super fans like Allen Greenspan have been in charge for decades.

@charlesrovira5707 Месяц назад

The very concept of a SPAC goes against everything I have learned over the past half-century of investing. First: You invest in a company after doing extensive due diligence. Otherwise, you might as well take a match to your money. Next: You invest in an individual after doing extensive due diligence. Otherwise, you might as well take a match to your money. Last: You invest in yourself. If you don't, nobody else will. I follow my grandfather's advice: _Spend your money on wine, fast women, faster cars, and squander the rest foolishly on _*_Real Estate._*

@johncherish7610 Месяц назад

Yet these people are crying about this SPAC. They are probably the same ones that got burned when Nicola the EV truck maker went belly up. Smart investing means doing your homework and due diligence. The stock market makes winners and losers never get emotional when investing allowing emotions to determine what and when to invest is a sure strategy to lose your money

@real1cytv Месяц назад

No, Truth social isn't essentially a twitter clone, it is LITERALLY one. They just reused twitters public source code and changed the UI a bit.

@SeedFactoryProject Месяц назад

Not quite. They took the Mastodon social software, which is open source, and basically changed the branding and a few details. Then they got in trouble for filing off Mastodon's license, which is a common requirement with open source. You can use it, but you have to credit the people who wrote it originally.

@SimonBuchanNz Месяц назад

It's not like a social network is all that hard to initially create on the software side, either (in comparison to other types of web apps, I mean). Until you get to Twitter/Facebook scale, of course, but that takes the time and gets you the cash you need to handle that. You could probably run the entirety of Truth Social on one web server and Postgres instance, honestly.

@florianfussl3769 Месяц назад

Oh thougt it was an overhyped mastodon server

@jacksonhamilton6302 Месяц назад

It is a metaphorical clone, it is not a literal clone. That's not what a clone is. A literal clone is grown from transplanted nucleus in a fertilized egg to create an identical organism. Clones, literal ones, are biological.

@theDataStudent Месяц назад

@@florianfussl3769 Not quite, they just stole the core bits of Mastodon, buttheres no interoperability between Mastodon servers and Truth Social servers, which is something that is enabled in Mastodon instances (I use the word stole because they didn't originally attribute the source code, not until Mastodon called them on it)

@z.s.7992 Месяц назад

Thank you for this. I have been discussing this a bit with friends and I definitely have parts of it I don't completely understand. I am interested to see what happened with the 175 dollar bond that somehow maybe has fraud in it.

@rfrancoi Месяц назад

WOW, that was an amazing breakdown. Thank you Liz.

@tdinman Месяц назад

“…like King Midas, in reverse…” -Tony Soprano

@weirdferretthing Месяц назад

King Mid-Ass.

@dvongxx Месяц назад

As someone that loves Liz Dye podcasts, and a Dye-hard fan, all I can say is *Please make her a regular Please make her a regular Please make her a regular*