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

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LegalEagle

LegalEagle

Күн бұрын

Пікірлер: 4 300
@LegalEagle
@LegalEagle 9 ай бұрын
How low will it go? 📉Get 40% off of Ground News: legaleagle.link/groundnews Get a great lawyer with EagleTeam! legaleagle.link/eagleteam
@davea6314
@davea6314 9 ай бұрын
Trump for PRISON 2024!!!
@johndemeritt3460
@johndemeritt3460 9 ай бұрын
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
@eldenringer6466 9 ай бұрын
I like this lady. Good hire Devon!
@rosswilliams7195
@rosswilliams7195 9 ай бұрын
​@@davea6314 for what crimes?
@dvbernard
@dvbernard 9 ай бұрын
Eew​@@johndemeritt3460
@namenamenamename7224
@namenamenamename7224 9 ай бұрын
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
@danachase8083 9 ай бұрын
I believe the minimum fine should always be at least equal to the illicit gains.
@cdjhyoung
@cdjhyoung 9 ай бұрын
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
@cmdraftbrn 9 ай бұрын
you're not a "job" creator.
@badluck5647
@badluck5647 9 ай бұрын
The fee for doing business
@timd4524
@timd4524 9 ай бұрын
The SEC is crooked as hell.
@originalscreenname44
@originalscreenname44 9 ай бұрын
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
@matheussanthiago9685 9 ай бұрын
And they say Duncan Idaho was a stretch
@lordvadertheleftie9703
@lordvadertheleftie9703 9 ай бұрын
​@matheussanthiago9685 is he related to Brooklyn Beckham?
@jacobmorris16
@jacobmorris16 9 ай бұрын
I said the same thing. I swear sometimes it feels like we're all living inside a stoner's terrible screenplay.
@binaryfairy4197
@binaryfairy4197 9 ай бұрын
@@jacobmorris16 LOL! Good one!!
@melodicseaweed387
@melodicseaweed387 9 ай бұрын
Miami Vice
@moes663
@moes663 9 ай бұрын
It's insane that this whole thing was able to happen to begin with. SEC is a joke.
@JordanDragonAs
@JordanDragonAs 9 ай бұрын
Sadly the SEC isn't the greatest
@Peregrine1989
@Peregrine1989 9 ай бұрын
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
@LycorisThe 9 ай бұрын
SEC is staffed by the very people taking advantage of the system. They have no interest to changing it.
@angusmorrison9433
@angusmorrison9433 9 ай бұрын
Synonym for SEC: Bernie Madoff
@LostintheTwilightZone
@LostintheTwilightZone 9 ай бұрын
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.....
@kaylapounds1359
@kaylapounds1359 9 ай бұрын
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.
@JessicaO490Z
@JessicaO490Z 9 ай бұрын
I always liked, "wouldn't cross the street to piss on you if you were on fire".
@IMPOTUSx2
@IMPOTUSx2 9 ай бұрын
@@JessicaO490Z& those people would succumb to their fate, to “OwN da LiBs!”
@JustAnotherJarhead
@JustAnotherJarhead 9 ай бұрын
don't be so hard on Biden.
@andrewgause6971
@andrewgause6971 9 ай бұрын
​@@JustAnotherJarhead May I bottle your tears, projecting one? They seem an excellent vintage.
@JustAnotherJarhead
@JustAnotherJarhead 9 ай бұрын
@FatherTedCrilly If Patriots are "fools & traitors" then count me in. or maybe the real fool is the knucklehead that voted for Biden in 2020? just want to say thank you btw for that, the last 3 years has been wonderful, I can count the business' on my street with boarded up windows, Wells Fargo, Dennys, two Hotels just on one block alone.
@Mrinsecure
@Mrinsecure 9 ай бұрын
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
@Henrik_Holst 9 ай бұрын
That is why the EU corporate fines are 10% of the company:s revenue, that amount stings regardless of how rich you are.
@Tracey66
@Tracey66 9 ай бұрын
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
@Tracey66 9 ай бұрын
@@Henrik_Holst That's a better way to do things.
@ProctorsGamble
@ProctorsGamble 9 ай бұрын
Yep. Just a cost of doing business.
@MattB90
@MattB90 9 ай бұрын
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
@eggsinsideme
@eggsinsideme 9 ай бұрын
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
@lengray44 9 ай бұрын
Carter was an honest man , with a conscience
@maryanneb4237
@maryanneb4237 9 ай бұрын
Jimmy Carter didn't have to sell, he could have put it in trust but chose not to, that was his choice
@guywithinterwebs
@guywithinterwebs 9 ай бұрын
Trump doesnt even so that
@LuisSierra42
@LuisSierra42 9 ай бұрын
Laws don't apply to Trump
@TheOnlyMrFake
@TheOnlyMrFake 9 ай бұрын
Jimmy Carter DID put it in a blind trust for his presidency. He sold it after he had left office.
@lamp9546
@lamp9546 9 ай бұрын
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
@katyungodly 9 ай бұрын
Boomers are not known for their intelligence and ability to spot scams lol
@julesdalli9716
@julesdalli9716 9 ай бұрын
Some people like him for that very reason. Narcissists idolize even bigger and more powerful narcissists.
@scottamolinari
@scottamolinari 9 ай бұрын
Tenth only? I'm like at just over 100.
@Siathuan
@Siathuan 9 ай бұрын
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.
@esbenm6544
@esbenm6544 9 ай бұрын
People rarely walk out of a cult en masse. They escape little by little by running and hiding.
@alexisgrunden1556
@alexisgrunden1556 9 ай бұрын
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
@drjanines3301 9 ай бұрын
On Fri B4 he came up w/ the $175 the Loser said he had $500 m cash 😂😂😂😂
@alexisgrunden1556
@alexisgrunden1556 9 ай бұрын
@@drjanines3301 We all know DJT lies like he breathes; many times a minute, and both exercises will only cease when he finally does~😉😆
@JustAnotherJarhead
@JustAnotherJarhead 9 ай бұрын
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
@vincetaliaferro2777 9 ай бұрын
Fake news..
@1972danhall
@1972danhall 9 ай бұрын
⁠@@vincetaliaferro2777It is in court documents. It is true.
@logancade342
@logancade342 9 ай бұрын
Nobody who has almost 500 million dollars in cash uses social media to announce, "I HAVE ALMOST 500 MILLION DOLLARS IN CASH!"
@username7763
@username7763 9 ай бұрын
He's hanging out with rappers. Seems like a good fit.
@JudgeJulieLit
@JudgeJulieLit 9 ай бұрын
That social media boast is grounds for the court to restore his bond liability to $454 million.
@triarb5790
@triarb5790 9 ай бұрын
​@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
@FranchotElliott-kk1yr 9 ай бұрын
@@username7763 Sorry Kid rock and jelly roll ain't worth 500 million. and Kanye is singular not plural.
@markvanderstelt8999
@markvanderstelt8999 9 ай бұрын
they also do not go around selling everything under the sun and beg for Money just about every Day.
@BinaryHedgehog1
@BinaryHedgehog1 9 ай бұрын
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
@chezmoi42 9 ай бұрын
Well, that sounds about as snarky as Liz's explanation. 🤣
@crimsonking5961
@crimsonking5961 9 ай бұрын
Don't forget to include low user engagement
@richardarriaga6271
@richardarriaga6271 9 ай бұрын
If Trump wins the Presidency, it will be worth something assuming Trump doesn't just cut a deal with FB or Twitter.
@samuel4lin
@samuel4lin 9 ай бұрын
then you buy it.
@B_Bodziak
@B_Bodziak 9 ай бұрын
​@@richardarriaga6271 Do you think Trump can keep from selling that long? He has $464M to pay, THUS FAR.
@pridelander06
@pridelander06 9 ай бұрын
Gotta love how no matter what it is, it's always a grift.
@VeroTesta
@VeroTesta 9 ай бұрын
the grift that keeps on grifting
@bluphoenix6412
@bluphoenix6412 9 ай бұрын
​@@VeroTesta😂
@anondecepticon
@anondecepticon 9 ай бұрын
Trump never met a form of financial fraud he didn’t like.
@coreyham3753
@coreyham3753 9 ай бұрын
Good overview of this scam by the Legal Eagles.
@JM-hm5dc
@JM-hm5dc 9 ай бұрын
@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
@SuperSmashDolls 9 ай бұрын
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
@Brasswatchman 9 ай бұрын
Actually, they already did. It's up on GitHub right now.
@MMuraseofSandvich
@MMuraseofSandvich 9 ай бұрын
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
@Brasswatchman 9 ай бұрын
They already did. It's up on GitHub.
@JustAnotherJarhead
@JustAnotherJarhead 9 ай бұрын
just keep voting Biden... you are doing the Country a great service.
@CodecrafterArtemis
@CodecrafterArtemis 9 ай бұрын
Wait, did they actually turn off federation? I thought most Fediverse admins looked at "Trump social media" and said "nnnnnope".
@tyler3201
@tyler3201 9 ай бұрын
People in power shouldn't have companies on the side.
@billwhite515
@billwhite515 9 ай бұрын
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
@dafyddroff8084 9 ай бұрын
Lobbying (legalised corruption) is a bigger problem than politicians owning businesses tbh
@TestName286
@TestName286 9 ай бұрын
Remember when they made Jimmy Carter sell his one peanut Farm because of fear of corruption and insider trading
@michalsoukup1021
@michalsoukup1021 9 ай бұрын
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
@barfrost007 9 ай бұрын
@@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.
@chrishaven1489
@chrishaven1489 9 ай бұрын
"The first pair of magical underpants was Truth Social..." Even without context, this sentence makes more sense than it should
@jamesturner2126
@jamesturner2126 9 ай бұрын
Donald Trump is a magical underpants salesman. He is a gambler.
@Claymann71
@Claymann71 9 ай бұрын
'Leave me outta this.' -Captain Underpants, More-Suitable President then Angry Orange Cheeto-Man.
@larryscarr3897
@larryscarr3897 9 ай бұрын
​@@Claymann71Joe Smith would like to talk to you about magic underpants and wooden Jesus submarines..
@lesliefranklin1870
@lesliefranklin1870 9 ай бұрын
@jmhiss Ah, the infamous golden skid mark.
@rogerbarnett8412
@rogerbarnett8412 9 ай бұрын
The company's stock that supplies OrangeShittyPants should be doing well....
@jamietigges2154
@jamietigges2154 9 ай бұрын
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
@drakeconsumerofsoulsandche4303 9 ай бұрын
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
@thehoodedteddy1335 9 ай бұрын
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
@culinarymercenary5831 9 ай бұрын
Most have had practice with being milked dry by the evangelical church, so it's not much different to them.
@philippefutureboy7348
@philippefutureboy7348 9 ай бұрын
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
@bober1019 9 ай бұрын
@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.
@4RILDIGITAL
@4RILDIGITAL 9 ай бұрын
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
@JustAnotherJarhead 9 ай бұрын
facts. that certain "personalities" break the rules.
@the_last_ballad
@the_last_ballad 9 ай бұрын
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
@ElRel 9 ай бұрын
Such a talented family
@terryyakamoto3488
@terryyakamoto3488 9 ай бұрын
It's gangsterism pure and simple. But even the Mafia had a code, the Trumps have zero integrity
@XXMatt0040XX
@XXMatt0040XX 9 ай бұрын
"Demanded?" I think the most fitting term is "Extorted."
@lqr824
@lqr824 9 ай бұрын
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
@janiecovey9009 9 ай бұрын
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.
@Alverant
@Alverant 9 ай бұрын
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
@aries4378 9 ай бұрын
😂
@tonymurray814
@tonymurray814 9 ай бұрын
😂😂😂😂
@gorak9000
@gorak9000 9 ай бұрын
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
@wildshadowstar 9 ай бұрын
That’s because they don’t want you telling the truth, just Trump’s form of truth.
@notgiven-u8m
@notgiven-u8m 9 ай бұрын
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.
@93lozfan
@93lozfan 9 ай бұрын
"Chaos lawyer" new favorite dnd class
@Justanotherconsumer
@Justanotherconsumer 9 ай бұрын
Chewbacca defense incoming!
@Ramonatho
@Ramonatho 9 ай бұрын
"According to bird law in this country..."
@littlekuribohimposte
@littlekuribohimposte 9 ай бұрын
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
@VeroTesta 9 ай бұрын
@@Justanotherconsumer underpants gnomes confirm it
@black_rabbit_0f_inle805
@black_rabbit_0f_inle805 9 ай бұрын
Better than a rules lawyer
@maryd7940
@maryd7940 9 ай бұрын
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
@fredhiggins330 9 ай бұрын
Law and chaos podcast. She’s great.
@itsdantaylor
@itsdantaylor 9 ай бұрын
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
@KittyKatty999 9 ай бұрын
It's Apollo Justice all over again XD
@dlo111
@dlo111 9 ай бұрын
Liz is my new favourite person, lol
@91djstar
@91djstar 9 ай бұрын
​@@KittyKatty999the fact that Trump allegedly was inappropriate withunderage girls makes that Apollo Justice reference even more on point lol
@snaggletooth9784
@snaggletooth9784 9 ай бұрын
Just proves she is unprofessional and he's not very well educated.. both brainwashed by their own bull
@snaggletooth9784
@snaggletooth9784 9 ай бұрын
​@@91djstarwhat about your hero biden..
@stormthrush37
@stormthrush37 9 ай бұрын
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
@Johan-vk5yd 9 ай бұрын
Haha!
@B_Bodziak
@B_Bodziak 9 ай бұрын
Except in this Trump Festival, he wins either way
@sleazymeezy
@sleazymeezy 9 ай бұрын
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
@yommish
@yommish 7 ай бұрын
Isn’t that actually happening?
@freddoflintstono9321
@freddoflintstono9321 9 ай бұрын
I had to put a towel under my screen to handle the sarcasm dripping off it - this is a brilliant piece.
@XXMatt0040XX
@XXMatt0040XX 9 ай бұрын
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
@tim3172 9 ай бұрын
@@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
@theDataStudent 9 ай бұрын
@@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
@garyfrazier5414 9 ай бұрын
Liz is really good, as regular readers of Wonkette and Above the Law will attest.
@MomMom4Cubs
@MomMom4Cubs 9 ай бұрын
Tell me about it!!
@doctormo
@doctormo 9 ай бұрын
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
@Brasswatchman 9 ай бұрын
Well, it *was* open source...
@doctormo
@doctormo 9 ай бұрын
@@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
@Brasswatchman 9 ай бұрын
@@doctormo They did publish the code. It's up on GitHub. (They left out the authentication secrets, unfortunately. I already checked.)
@Brasswatchman
@Brasswatchman 9 ай бұрын
@@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
@doctormo 9 ай бұрын
@@Brasswatchman That's why I posted this message here about the way liberals talk about these issues, and not on truth social.
@ShimmeringSpectrum
@ShimmeringSpectrum 9 ай бұрын
This is an absolutely savage takedown of this nonsense. Absolutely love it. Looking forward to seeing more of the Chaos Lawyer in the future!
@throckmortensnivel2850
@throckmortensnivel2850 9 ай бұрын
"Truth Social", "Reality TV". You were right, Mr. Orwell.
@termnus77
@termnus77 9 ай бұрын
Still waiting for a Trump GoFundMe to pop up. Calling it now, it absolutely will work too 🤦🏻‍♂️
@Sinaeb
@Sinaeb 9 ай бұрын
the good old gofundme because capitalism never works
@grigandy
@grigandy 9 ай бұрын
They already did, it was already closed for breaking their terms
@ectothermic
@ectothermic 9 ай бұрын
Thought that was a thing already.
@RaylightSilver
@RaylightSilver 9 ай бұрын
Better idea than a Trump OF 🤢
@paul16451
@paul16451 9 ай бұрын
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.
@SpiderRiviera
@SpiderRiviera 9 ай бұрын
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
@JustAnotherJarhead 9 ай бұрын
I'm more thankful that she helped bring Biden into power 3 years ago.
@MommyOfMutants
@MommyOfMutants 9 ай бұрын
Timestamp?
@CdnTrader1
@CdnTrader1 9 ай бұрын
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
@chickadeestevenson5440 9 ай бұрын
Yeah. I was listening and just wondering HOW THE SHIT IS THIS LEGAL
@thomasbecker9676
@thomasbecker9676 9 ай бұрын
@@chickadeestevenson5440 Lawmakers make shitloads of money from them. That's why.
@rrmackay
@rrmackay 9 ай бұрын
SPAC are a common mechanism in business, sometimes they are used for backdoor offerings, but they have other uses.
@joelsimons3830
@joelsimons3830 9 ай бұрын
Money .obesity faster than the law.
@andrewa9700
@andrewa9700 9 ай бұрын
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.
@shadowskill111
@shadowskill111 9 ай бұрын
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
@Kaderon11 9 ай бұрын
Her podcast is 100% worth a listen.
@AdmiralLj
@AdmiralLj 9 ай бұрын
@@Kaderon11 well when she is not helping to steal them that is.
@towTruck42
@towTruck42 9 ай бұрын
and she has serious hand restraint! did you see that?!
@SimonBuchanNz
@SimonBuchanNz 9 ай бұрын
She should get a real job that makes use of those skills! Oh, wait...
@danm6189
@danm6189 9 ай бұрын
​@@towTruck42 lol
@PrairieDad
@PrairieDad 9 ай бұрын
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
@kimyoonmisurnamefirst7061 9 ай бұрын
You might still have a chance to short...
@michaelpalacios8951
@michaelpalacios8951 9 ай бұрын
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
@MyRegardsToTheDodo 9 ай бұрын
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
@albertmagician8613 9 ай бұрын
Myregalds The cost of shorting is not trivial. Shorting DJT is an order of magnitude more expensive than even the second most expensive.
@lordvadertheleftie9703
@lordvadertheleftie9703 9 ай бұрын
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
@AlanTheBeast100
@AlanTheBeast100 9 ай бұрын
Apart from the story, SPACs should not be permitted. Potential public co's need full transparency before they go public.
@KnakuanaRka
@KnakuanaRka 8 ай бұрын
Yeah, what does it do other than help shady people be shady?
@curiousnerdkitteh
@curiousnerdkitteh 9 ай бұрын
"If you've been accused of insider trading, fraud or overthrowing an election... well you can probably go somewhere else." 🤣🦅
@Nickname-ef9tv
@Nickname-ef9tv 9 ай бұрын
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
@warlordofbritannia 9 ай бұрын
I mean, now he's straight up aping Bernie Madoff.
@feliciasjoberg9886
@feliciasjoberg9886 9 ай бұрын
14:10 "because what would a Trump business be without neoptism" 💀
@MyRegardsToTheDodo
@MyRegardsToTheDodo 9 ай бұрын
But making someone CEO who has a degree in agriculture is actually quite genius. Atleast he's used to dealing with bullsh*t.
@devak45167
@devak45167 9 ай бұрын
“…hooked up with a money-man from Miami named Patrick Orlando” yea that checks out, big FL Man energy here
@akraan4563
@akraan4563 9 ай бұрын
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
@Brasswatchman 9 ай бұрын
Tough but fair. I only hope with time they change it to "macht einen Trumpf." Stings a little less.
@MMuraseofSandvich
@MMuraseofSandvich 9 ай бұрын
@@Brasswatchman Given that we still have IP troll attorneys, maybe it should be "macht einen amerikanischen Anwalt"... (Google Translate grammar)
@JustAnotherJarhead
@JustAnotherJarhead 9 ай бұрын
Germany is the LAST country to be pointing any fingers.
@Brasswatchman
@Brasswatchman 9 ай бұрын
@@JustAnotherJarhead In terms of litigiousness? Haven't heard a whole lot about Germans and lawsuits.
@StAugustine6
@StAugustine6 9 ай бұрын
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
@SeedFactoryProject 9 ай бұрын
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
@warlordofbritannia 9 ай бұрын
"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
@Stevonicus 9 ай бұрын
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
@alanhindle3149 9 ай бұрын
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
@warlordofbritannia 9 ай бұрын
@@Stevonicus Three hundred year old debt…jeez, I’d hate to be waiting for that repayment
@donaldlayher3180
@donaldlayher3180 9 ай бұрын
This woman explains what's going on with the issues. Clear and concise. Go for it!!!!!!
@erinford8138
@erinford8138 9 ай бұрын
Her name is Liz Dye and she recently started a podcast called Law and Chaos if you want to hear more from her.
@Berengier817
@Berengier817 9 ай бұрын
Hopefully the SEC comes after him for lying publicly about the value of the stock to try and get it to go up
@nondescriptcat5620
@nondescriptcat5620 9 ай бұрын
the SEC is useless, the civil suits the co-founders are filing against him in Delaware are more likely to have teeth.
@schloops8473
@schloops8473 9 ай бұрын
the sec doesn't go after people whose dad was a billionaire
@Tracey66
@Tracey66 9 ай бұрын
The SEC is useless, toothless, hopelessly bought and paid for, and dumb.
@GamingWithNikolas
@GamingWithNikolas 9 ай бұрын
​@@schloops8473 True sadly
@kingace6186
@kingace6186 9 ай бұрын
Don't hold your breath... (Not being cynical. Just realistic.)
@TravelinginMiniature
@TravelinginMiniature 9 ай бұрын
One of the best explanation of how a SPAC works. Thanks!
@tridave9811
@tridave9811 9 ай бұрын
Wow, the level of sarcasm and mocking is next level and I'm here for all of it. Well done.
@DrBeauHightower
@DrBeauHightower 9 ай бұрын
New York appellate court won't even hear the appeal until September. By then he will be able to liquidate his stock (if there's anything left by then). He'll probably be able to sell 600 million in stock easily by then, being able to pay both judgement (assuming he loses both appeals and truth social still exists)
@TheGreatAtario
@TheGreatAtario 9 ай бұрын
By then there will be another three E. Jean Carroll defamation suits in the pipeline, among others
@MarkovianMan
@MarkovianMan 9 ай бұрын
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
@Ironman1o1 9 ай бұрын
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
@rockjianrock 9 ай бұрын
Wheeee and put the difference in the bahamas or some tax haven account
@Tsudico
@Tsudico 9 ай бұрын
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
@aksez2u 9 ай бұрын
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
@kneau 9 ай бұрын
@@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."
@akun50
@akun50 9 ай бұрын
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
@dracosummoner 9 ай бұрын
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
@victoriancu7358 9 ай бұрын
He's leading Biden in critical states for the election. How bad can a president be that Trump is a a reasonable alternative?
@smaakjeks
@smaakjeks 9 ай бұрын
@@dracosummoner Imagine having an army of chronically online stans justifying obvious fraud on our part
@dracosummoner
@dracosummoner 9 ай бұрын
@@smaakjeks They're afraid that the second they stop, the US turns into Communist CCP China.
@jss27560
@jss27560 9 ай бұрын
If you looked at his history before he even before for president none of these would surprise you in the least.
@hosermandeusl2468
@hosermandeusl2468 9 ай бұрын
Well done! This case has more "pointers" than a C++ program!
@BillSentry
@BillSentry 9 ай бұрын
:D I am one of the 10 kinds of people. Programmers and everyone else.
@Ikxi
@Ikxi 9 ай бұрын
I'm one of the other : D
@Gardenlessbirb
@Gardenlessbirb 9 ай бұрын
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!
@aaron96244
@aaron96244 9 ай бұрын
💯 responding for visibility. I am enjoying this video.
@malec8517
@malec8517 9 ай бұрын
Oh America, where you sue the guy suing you every time.
@40yearoldman
@40yearoldman 9 ай бұрын
Already have to pay for the lawyer.
@joshuaaguda7349
@joshuaaguda7349 9 ай бұрын
Forget about it....
@narcopsy
@narcopsy 9 ай бұрын
I don't think that's true at all
@heavypen
@heavypen 9 ай бұрын
Sounds like the opening line for a new song...
@Ullumma
@Ullumma 9 ай бұрын
I'll sue you for that 😂
@DILFDylF
@DILFDylF 9 ай бұрын
SPAC sounds like a slur. Like someone sees Donald Trump and says "Ugh shouldn't someone have locked that SPAC up by now?"
@apbecker
@apbecker 9 ай бұрын
Probably because it's one letter off from being an actual slur.
@latch9781
@latch9781 8 ай бұрын
It is in the UK
@Wolfgang8-Y
@Wolfgang8-Y 9 ай бұрын
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
@grimmseti 9 ай бұрын
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
@jennifertarin4707 9 ай бұрын
Are there such laws though?
@scarybaldguy
@scarybaldguy 9 ай бұрын
@@jennifertarin4707 If there were, the Church of Happyology would have collapsed decades ago.
@Wolfgang8-Y
@Wolfgang8-Y 9 ай бұрын
@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
@mystic-malevolence 9 ай бұрын
I believe you would need to file a report to the IRS, as they handle the tax-exempt status of churches and nonprofits.
@scott9676
@scott9676 9 ай бұрын
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.
@yahorrohach5608
@yahorrohach5608 9 ай бұрын
It seems like someone has invented and launched the biggest and legit laundry machine ever! What a disgrace... 😔
@compugasm
@compugasm 9 ай бұрын
How many billions was spent on Ukraine?
@iordanvassilev8091
@iordanvassilev8091 9 ай бұрын
​​@@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
@agilemind6241 9 ай бұрын
@@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
@tim3172 9 ай бұрын
@@compugasm How many tacos were sold in New Hampshire? Are we just asking random, irrelevant questions?
@ezgarrth4555
@ezgarrth4555 9 ай бұрын
@@compugasm Ukraine got supplies. The money went to American arms manufacturers etc. What's your complaint about that?
@peppeddu
@peppeddu 9 ай бұрын
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.
@Jennyfeather_22
@Jennyfeather_22 9 ай бұрын
There's a sucker born every minute.
@dsexton1055
@dsexton1055 9 ай бұрын
Life Pro Tip: Don't name a stock after yourself. When it hits the fan, it might not be good for the ego.
@jacqdanieles
@jacqdanieles 9 ай бұрын
Pro tip #2: don't name a stock after yourself _again,_ when the last time you did that, the company went bankrupt.
@jefflee6711
@jefflee6711 9 ай бұрын
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
@nvelsen1975 9 ай бұрын
@@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.
@xlk01
@xlk01 9 ай бұрын
just quickly wanted to say that Liz absolutely rocks 😊 love her sarcasm and the storytelling is amazing. please bring her back
@lordofhyphens
@lordofhyphens 9 ай бұрын
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
@logantravis2084 9 ай бұрын
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.
@BonnieJWa1
@BonnieJWa1 9 ай бұрын
Liz Dye is crushing it! Thanks for your reporting! Waiting for trump to fail utterly and become financially broke for real.
@lostbutfreesoul
@lostbutfreesoul 9 ай бұрын
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
@MomMom4Cubs 9 ай бұрын
The Sunken Cost Fallacy is strong here.
@ShroudedWolf51
@ShroudedWolf51 9 ай бұрын
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
@JustAnotherJarhead 9 ай бұрын
loyalty goes a long way.
@SkiDaBird
@SkiDaBird 9 ай бұрын
I still don't understand how SPACs are legal.
@joanfregapane8683
@joanfregapane8683 9 ай бұрын
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
@XXMatt0040XX 9 ай бұрын
​@@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
@ulfosterberg9116 9 ай бұрын
It is good for rich people who wants to avoid paying tax. Of course it's legal.
@baxterdevin
@baxterdevin 9 ай бұрын
"Cool graphics, bro!" I actually laughed out loud at that 🤣
@acuyra
@acuyra 9 ай бұрын
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
@andrewharrison8436 9 ай бұрын
From out there (UK): We do care about Trump, we care that he never gets near anything approaching public office ever again.
@robertbass3667
@robertbass3667 9 ай бұрын
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
@FunkyLittlePoptart 9 ай бұрын
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
@erikg8526 9 ай бұрын
​@@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.
@CliffPerkins-f6z
@CliffPerkins-f6z 9 ай бұрын
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.
@MikeGaruccio
@MikeGaruccio 9 ай бұрын
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.
@BookerZeroWitt
@BookerZeroWitt 9 ай бұрын
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*
@dylanogden9337
@dylanogden9337 9 ай бұрын
I've been listening to her for a year, and this is how I found out what she looks like
@Myth1931
@Myth1931 9 ай бұрын
Loving this for Liz!
@BookerZeroWitt
@BookerZeroWitt 9 ай бұрын
Liz Dye's Ride-or-Dye gang out here representin'
@transsnack
@transsnack 9 ай бұрын
I just found her through this, I'm about to binge all of her content, she's hilarious.
@rugbybeef
@rugbybeef 9 ай бұрын
As long as he has less subscribers than she does and he can put ad segments before after and interstitially to her segments, he will...
@charlesrovira5707
@charlesrovira5707 9 ай бұрын
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
@johncherish7610 9 ай бұрын
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
@PXAbstraction
@PXAbstraction 9 ай бұрын
When a SPAC is involved, you know everything's on the up and up.
@spiritualanarchist8162
@spiritualanarchist8162 9 ай бұрын
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 .
@tdinman
@tdinman 9 ай бұрын
“…like King Midas, in reverse…” -Tony Soprano
@weirdferretthing
@weirdferretthing 9 ай бұрын
King Mid-Ass.
@cylonred8902
@cylonred8902 9 ай бұрын
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
@nmappraiser9926 9 ай бұрын
It drops about 10% at the opening bell every day, then bounces back a point or two. This is destined for the gutter.
@tridave9811
@tridave9811 9 ай бұрын
Sure it keeps dropping but the PE Ratio is improving 🤣
@lqr824
@lqr824 9 ай бұрын
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
@nmappraiser9926 9 ай бұрын
@@tridave9811 There is so much blue sky - with negative earnings, there is nowhere to go but up!
@Nickname-ef9tv
@Nickname-ef9tv 9 ай бұрын
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.
@charlesrovira5707
@charlesrovira5707 9 ай бұрын
How low can a stock go? It stops the slide when it hits $0.00, all the office furniture is gone and the name has been scraped off the glass of the office door.
@ArchsStanton
@ArchsStanton 9 ай бұрын
Hmmmmmm..... sounds like theranos?........ or wework?
@Henrik_Holst
@Henrik_Holst 9 ай бұрын
depends on the exchange, on Nasdaq they will delist you if you are below $1 for a longer time. Then ofc you can always list your share on the pink sheets where basically no rules exists but then trading there is not as voluminous as it is on a real marketplace.
@tonymurray814
@tonymurray814 9 ай бұрын
Maybe the mighty Ruble can save it….. are u listening Putrid???
@ProctorsGamble
@ProctorsGamble 9 ай бұрын
Penny ¢ stocks category 😝
@starwarsandtffan
@starwarsandtffan 9 ай бұрын
“As of the time of this recording, the stock has fallen almost 50%, into the low 40s” at 36 rn 😂😂😂😂😂😂😂😂😂😂😂😂
@Ericwvb2
@Ericwvb2 9 ай бұрын
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
@drjanines3301 9 ай бұрын
​@@Ericwvb2😂😂😂😂 true
@simondaniel4028
@simondaniel4028 9 ай бұрын
Yo I didnt expect to sit through the whole thing but this captivating law wizard Liz kept me engaged. Hell yeah.
@ajohndaeal-asad6731
@ajohndaeal-asad6731 9 ай бұрын
i love the sass from this woman 😂❤ she’s awesome
@TangoCharlie-mz8lh
@TangoCharlie-mz8lh 9 ай бұрын
As of this comment, it's down to $36, down 40% the* past week 😂
@TheFireGiver
@TheFireGiver 9 ай бұрын
It should literally be a penny stock, so even at 36 it's free money for Trump. What I want to know is how much stock can he actually sell assuming the lockout ends early. No one would buy it.
@MyRegardsToTheDodo
@MyRegardsToTheDodo 9 ай бұрын
My personal prediction is that it will be under $20 by the end of the week and keep falling.
@nmappraiser9926
@nmappraiser9926 9 ай бұрын
@@MyRegardsToTheDodo Below $10 by May 1.
@SeedFactoryProject
@SeedFactoryProject 9 ай бұрын
@@TheFireGiver Given that revenue is 15 times smaller than expenses, they are basically burning money. If viewership and ad revenue isn't going up, you can predict when they will go bankrupt based on their cash and short-term investment holdings. Short-term is stuff like treasury bonds and bank CD's. They earn some interest, which cash does not, but can be converted to cash quickly.
@susanng4040
@susanng4040 9 ай бұрын
Penny stock 😅
@westcoast1155
@westcoast1155 9 ай бұрын
"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
@CheapFlashyLoris 9 ай бұрын
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...
@tabularasa
@tabularasa 9 ай бұрын
Love Liz Dye!! I discovered her work last year and she is incredibly sassy and smart. Please make her a regular on this channel!!
@wendellsmith1349
@wendellsmith1349 9 ай бұрын
His 175M dollar bond was rejected. He still has to come up with that bond. Right now he does not have it.
@SingleTrackMined
@SingleTrackMined 9 ай бұрын
And the deadline has passed. Seizures begin when?
@lqr824
@lqr824 9 ай бұрын
I haven't heard it was rejected, just that it was unclear if it'd be accepted?
@nancychandler3673
@nancychandler3673 9 ай бұрын
Insufficient funds by Knight Company. Some Hanky Panky going on.
@wesleyfravel5149
@wesleyfravel5149 9 ай бұрын
@@SingleTrackMined From what I heard the deadline got extended to try to give the bond company time to fix paperwork. Just so happens, Saudi's Liv golf hosted a tournament on one of Trumps Properties. Trump got around 450 Million for hosting. My guess? This was a blatant delaying tactic for Trump to get some more money from the Saudis so he could get a better Bond deal with Collateral from that Liv Money.
@lqr824
@lqr824 9 ай бұрын
@@nancychandler3673 thanks.
@real1cytv
@real1cytv 9 ай бұрын
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
@SeedFactoryProject 9 ай бұрын
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
@SimonBuchanNz 9 ай бұрын
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
@florianfussl3769 9 ай бұрын
Oh thougt it was an overhyped mastodon server
@jacksonhamilton6302
@jacksonhamilton6302 9 ай бұрын
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
@theDataStudent 9 ай бұрын
@@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)
@LibraInSeattle
@LibraInSeattle 9 ай бұрын
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.
@daimonos418
@daimonos418 9 ай бұрын
Berlusconi blazed a trail for so much of this. What a great intro to Liz Dye. More of her please.
@jacqdanieles
@jacqdanieles 9 ай бұрын
I've been saying that (the Berlusconi bit) since 2016 but it's fallen on deaf ears😂
@whypothetical
@whypothetical 9 ай бұрын
I shorted this stock and it is straight up printing me money right now. Making money on Trump's failure feels amazing.
@Toonrick12
@Toonrick12 9 ай бұрын
Just asking for a friend... How much and how to do a short sell?
@HuskyOwner-bl1jf
@HuskyOwner-bl1jf 9 ай бұрын
@@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
@ArminAwesome 9 ай бұрын
​@@Toonrick12 it works by borrowing shares, sell them and when the price falls you buy them back and and profit on the loss.
@muzzymuzzy12
@muzzymuzzy12 9 ай бұрын
If you shorted, let me just say the losses will be too great to cover the margin
@XXMatt0040XX
@XXMatt0040XX 9 ай бұрын
@@Toonrick12 DO NOT PLAY WITH FIRE OR YOU WILL BE BURNED.
@carontheroad
@carontheroad 9 ай бұрын
PT Barnum once said.. "There's a fool born every minute"
@comlitbeta7532
@comlitbeta7532 9 ай бұрын
Fun fact he probably never said that, it seems that the comment originates with David Hannum, a New York investor.
@theDataStudent
@theDataStudent 9 ай бұрын
@@comlitbeta7532 12 people believed it.... so i suppose the quote proved itself.
@CampffireZ
@CampffireZ 8 ай бұрын
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!
@James-ye7rp
@James-ye7rp 9 ай бұрын
Even if Trump could sell those shares, "publicly" as soon as he started to, those shares would drop to zero almost instantly. Thanks to publicity.
@philliptemple9841
@philliptemple9841 9 ай бұрын
That's not the way Trump works. He will take peak stock price as the value, then take a bank loan from a friend inside a large bank (along with cash gift for the friend) using the stock as collateral. This money will dissappear, the bank will be left with nothing after the stock collapses, and these kind of frauds just get passed down onto normal bank account holders in the form of higher fees. Trump will make bank on this, and it's the guy in the street that will pay for it. Phillip.
@Whiteythereaper
@Whiteythereaper 9 ай бұрын
He's hoping his followers continue to pump them a lá Gamestop
@philliptemple9841
@philliptemple9841 9 ай бұрын
@@Whiteythereaper Gamestop was an innocent company caught up in a war between hedge funds (often illegally) shorting companies and then trying to destroy them, and a loose coalition of retail investors keeping the share price afloat until after the fund had to cover their short position and then cashing in the profits. It's called a "short squeeze". This is a more basic SPAC scam like Nikola or Lucid where you pretend to have something you don't, con investors into buying shares for something worth only a tiny fraction of what that are paying, and then cash out as much as possible before you get caught. Phillip.
@reinman1987cancer
@reinman1987cancer 9 ай бұрын
How do trumps lawyers keep up with all his legal mess?!😂😂
@arenam79
@arenam79 9 ай бұрын
with billable hours that they eventually get stiffed for..
@josephschultz3301
@josephschultz3301 9 ай бұрын
1) I would imagine that there's several dozens of them. 2) They're all probably _extremely_ overworked and pumped full of speed to keep them going.
@SeedFactoryProject
@SeedFactoryProject 9 ай бұрын
He has a legion of them, so they each work on one or two cases.
@chrystya
@chrystya 9 ай бұрын
Never fear, Habba is on the case😢🎉😂
@ericvance2859
@ericvance2859 9 ай бұрын
Made all the more difficult by the fact that they never last long, constantly being replaced by ever less competent hacks. It’s adorable and fun!!! ✌🏻❤️🥂
@FurtiveSkeptical
@FurtiveSkeptical 9 ай бұрын
Seems like he just opened a public Money Laundromat Pump and Dump Scheme...🤔
@Black_Caucus
@Black_Caucus 9 ай бұрын
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 😂
@GasFayce
@GasFayce 9 ай бұрын
Kudos for the Underpants Gnomes reference! Fascinating breakdown, thank you!
@donreid6399
@donreid6399 9 ай бұрын
Love, love, LOVE Liz Dye. Her 'Law and Chaos' podcast is awesome as is as her writing on 'Above the Law'. Thank you for featuring her lawsplanation here on your page! 🙂
@logantravis2084
@logantravis2084 9 ай бұрын
found her podcast and subscribed. Pretty new. Look forward to checking it out but man she has chosen to focus on a certain subject matter and that explains the deep competence she showed in this video considering what it is about. I do hope once her podcast finds its footing that she expands her repertoire beyond just Trump et al as I can only handle wading into that toxic miasma for so long.
@donreid6399
@donreid6399 9 ай бұрын
@@logantravis2084 If you check out her list of podcasts you'll find her exploring all sorts of legal subjects. But yes, the Trump thing is near and dear to her heart!
@animelodies-_-
@animelodies-_- 9 ай бұрын
Fantastic info. Thanks. And btw, I just bought one share of DJT with a limit order of $36.50 and when the transaction went through, my share was bought for just under $43. It didn’t even start the day at that price. I feel like reporting to the SEC, but it was only one share. Just the same, what a guy. What a company 👀
@ProctorsGamble
@ProctorsGamble 9 ай бұрын
Report it! ⚠️
@longc35
@longc35 9 ай бұрын
I really wish that the emoluments clause had actually been enforced.
@dougshorb9583
@dougshorb9583 9 ай бұрын
Liz Dye Rocks! What a fantastic news piece. Thanks Liz :)
@panzerwolf494
@panzerwolf494 9 ай бұрын
God, any time you see Trump involved in a business it's like a lesson in how to be as seedy as possible. I wonder if anyone's going to get those shoes or if he just pocketed the money and will declare the company bankrupt before he has to put out
@burp2019
@burp2019 9 ай бұрын
had a disclaimer under the picture saying that they could send you basically anything as long as it happened to resemble the shoes
@adamhatcher6620
@adamhatcher6620 9 ай бұрын
So I guess your happy about biden being in the white house right now 🤡
@JackFoxtrotEDM
@JackFoxtrotEDM 9 ай бұрын
⁠@@adamhatcher6620I'm sorry, but I didn't understand what you said. Could you please repeat that but without the targeted passive-aggressive attitude and immaturity? Thanks, it helps to keep a conversation constructive and civil.
@panzerwolf494
@panzerwolf494 9 ай бұрын
@@adamhatcher6620 Why wouldn't I? He doesn't hate people and isn't screwing everyone over to line his pockets
@JackFoxtrotEDM
@JackFoxtrotEDM 9 ай бұрын
⁠@@panzerwolf494Granted, Biden's not perfect by any means and there's a few genuine issues that need tackling, but yeah, at least he's not running the country like a business like Trump was doing. Honestly, I don't even know why Trump supporters bring him up so much. Trump was president before Biden was, they get all mad if Biden does literally anything no matter how tiny, but Trump did a lot of stuff first before Biden did, and they refuse to address it. Even despite all the overwhelming evidence against him and probably hundreds of thousands of things he's done at this point. It's okay if Trump does a whole bunch of things, but if Biden does something THEN it's suddenly a problem. So what made it okay when Trump did things? "Rights for me but not for thee", anybody? Oh yeah, I also like how hypocritical the supporters are at times with their beliefs. One of the biggest examples I feel is how they claim the liberals and Democrats are taking away our democracy and freedom, and Republicans are bringing it back, and yet in the same breath I've heard countless supporters explicitly say that they believe Trump should be an autocratic dictator and do whatever he feels. I don't think people understand what democracy properly means. Or how they're willing to go through extreme lengths that are borderline terrorism (we saw what happened on Jan 6th, and I have a feeling it won't be the last time. Plus, I've heard so many Trump supporters either planning themselves to or hoping somebody will "whack" Biden and everyone else involved), or essentially ARE terrorism, yet they keep claiming it's the liberals and Democrats are the real terrorists. I don't understand, how do you expect people to care when you address everyone else around you and their problems, when you already have trouble as it is even attempting to address _yourselves_ you know? And how are we the "sensitive snowflakes" when they're the ones that get so mad that they have to waste time targeting people and writing destructive troll comments just to feel better about themselves? Again, "rights for me and not for thee".
@millenniumvintage9726
@millenniumvintage9726 9 ай бұрын
OMG Liz on legal eagle?? My favorite podcast lawyer
@ckorhonen72
@ckorhonen72 9 ай бұрын
Not gonna lie. The South Park Underwear Gnomes clip just broke me. LMAO!!!!! Great job editors!
@iansinoz56
@iansinoz56 9 ай бұрын
This was so incredible. Please more chaos lawyer.
@mark4837
@mark4837 9 ай бұрын
Oh Damn I didn’t know it was this guys channel. This lady doing the breakdown is awesome. The MeidasTouch who I love takes forever to explain something. But this lady flying through it and I’m getting all of it. Dude you need her in more videos
@Biden_83
@Biden_83 9 ай бұрын
😂😂😂😂😂😂😂 medias touch takes forever!!
@Kaderon11
@Kaderon11 9 ай бұрын
Her podcast is also 100% worth a listen.
@starvalkyrie
@starvalkyrie 9 ай бұрын
I am thrilled to find that you've onboarded a Chaos Lawyer. That sort of specialization will be paramount in the coming years.
@achimdemus-holzhaeuser1233
@achimdemus-holzhaeuser1233 9 ай бұрын
Law will find a way :)
@brightonshutte3000
@brightonshutte3000 9 ай бұрын
What is a chaos lawyer? Am I dumb .....
@the_last_ballad
@the_last_ballad 9 ай бұрын
​@brightonshutte3000 apparently she is a lawyer who is on(/hosts?) the podcast "Law and Chaos", so thats where the name comes from.
@Justanotherconsumer
@Justanotherconsumer 9 ай бұрын
A chaos lawyer? One that serves the ruinous powers… The Emperor protects us from even such a thing as terrible as this!
@achimdemus-holzhaeuser1233
@achimdemus-holzhaeuser1233 9 ай бұрын
@@the_last_ballad cool, I was trying to argument from a Chaos Theory standpoint. You know the example an Orange Eagle flaps its wings and the rest of the world facepalms or collectively get their brown pants. A Chaos Lawyer finds the Order behind a tidal wave of BS.
@burtonguster2983
@burtonguster2983 9 ай бұрын
I’m selling tshirts thst say, “I’m a real truth social member!” Only $500…what a bargain!😂😂😂
@shawnhenderson2091
@shawnhenderson2091 9 ай бұрын
Who could have possibly predicted this? I certainly couldn't...
@wildshadowstar
@wildshadowstar 9 ай бұрын
If Trump were such a savvy business and so rich, he wouldn’t be in this mess.
@mbizzlesnizz
@mbizzlesnizz 9 ай бұрын
“Patrick Orlando” sounds like a character from “Arrested Development “
@murderjunkiezan
@murderjunkiezan 9 ай бұрын
Sounds like the Bob Loblaw Law Blog paralegal
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