No. of Recommendations: 14
Truth Social, Mad King Donald's social media platform, announced it will offer actively-managed investment accounts composed of stocks in companies who benefit from his policies.
Trump will profit from these accounts in two ways. First, TMTG will invest a portion of its cash reserves in accounts. Secondly, as the majority shareholder in TMTG, Trump will benefit from the fees generated by these accounts. The performance of the underlying assets held in these accounts will determine both TMTG's return on its cash reserves and interest from outside investors.
But Trump, as President, will also be able to significantly influence the performance of these assets through tariffs and other policies. It is a jaw-dropping conflict of interest for actively managed investment accounts to be marketed under the president's name through a company that is majority-owned by the president.Imagine for an instant what MAGAts would have done if presidents Biden or Obama had pulled this kind of shit.
https://popular.info/p/truth-social-launches-schem...https://www.barrons.com/articles/djt-truth-social-...
No. of Recommendations: 1
I dont usually indulge in profanities ..but WTAF and JFC immediately came to mind....
No. of Recommendations: 1
the market fills a need.
thousands of red-hatted investors were heartbroken they did not receive personal notification of the 90day tariff pause in the morning along with trump's buy message. then it happened again over the weekend with the semiconductor tariff pause.
but certainly some of those that donated millions to trump, or shared a last name, were told explicitly, yes?
now with the TS investment vehicle, there is no possible way for MAGA to lose.
this will prosper alongside its brethren of anti-woke and bible-following ETFs.
as a bonus, stick it to the ESG crowd, with Governance being a trump.org favorite :
- during 2024, the company lost over $400 million on revenues of ~$4 million
- Donald Trump Jr. was paid $800k, ~25% of total revenue — to be on TMTG's board.
(this may be considered a bargain, as were he actually involved in business decisions, the company may have doubled its losses)
- how many people use Truth Social? company refuses to reveal that information, since it could "potentially divert its focus from strategic evaluation with respect to the progress and growth of its business".
No. of Recommendations: 0
lMAO they could be offering $10,000 in free, no strings attached shares in the index fund of one's choice and I wouldn't even move my cursor over it. Come to think of it I've never logged on to Truth. I've perhaps been on "X" or twitter - oh, 10 times in my entire adult life and that's only when I have to click a pic on a story I'm reading and even then I usually give up and just look for it on YouTube.
