I don’t care about a list of billionaires, but I just know this guy cares about being on it, so that makes me happy
I like the lists of Billionaires, they will be handy come the revolution.
They’re usually just called menus.
Like a hit list?
More like a menu.
Nom nom nom
A shit list, Bobandy.
Still waiting for it…
I can’t wait to see the unhinged word vomit against Bloomberg after this.
The woke radical leftist publication Bloomberg you mean?
The WOKE FASCIST MARXIST RADICAL LEFTIST FAILING SO-CALLED PUBLICATION BLOOMBERG, you mean?
I can’t see him saying Marxist, not intentionally anyway
Sad!
He was never a billionaire
If you own 90k sqft of real estate in lower Manhattan, you’re a billionaire.
Not if the loan is worth more than the property, or even a significant fraction of it.
The issue is he doesn’t really own them anymore. He’s leveraged to shit, so he’s probably got negative 90k sqft in Manhatten
He’s leveraged to shit
I believe the properties are officially owned by his son-in-law, who is all juiced up from Saudi money and well within the billoinaire wealth range. But being a part of the Kushner family, with access to a near limitless pool of cash/credit, makes you at least as much of a billionaire as anyone on the Forbes List for all practical purposes.
Trump’s biggest problem isn’t cash flow, its that nobody (reputable) wants to do business with him anymore because he reflexively stiffs them all.
he’s probably got negative 90k sqft in Manhatten
I remember Hillary Clinton bemoaning her $25M in campaign finance debt following the 2016 election cycle. Credit lines that large don’t get handed out to just anybody. They’re what let you do crazy ass shit like buying Twitter at its current market cap because you went on a posting bender over the weekend.
[ womp womp ]
I like that I initially thought you linked RDDT.
It’s not doing much better, lol
I’ve been watching it for the lulz.
It’s still got a $4.5B market cap, though.
I work at an energy company that has quite literally over a billion in physical infrastructure in the ground right now and its worth less than this glorified Mastadon instance.
The market cap for Truth Social is $4.5B, which is fucking bananas when you consider that this is a home-rolled Mastadon instance that hasn’t even been patched since 2022.
I’m not saying Trump is a billionaire, or even a good businessman, but holy shit how crazy is it that people are trading $35/share for something their grandkids could put together over a long weekend of free time?
The price is based on the size of the cult of delusional racists who worship Donald, it has little to do with the tech. Imagine how much you could charge for ivermectin ads if you can guarantee they’ll be in front of an audience of cultists!
I hardly have to imagine. As a Texas resident with a few friends who own horses, I can say firsthand that the ivermectin lie has cleared stocks from shelves for gullible rubs that was much needed for actual horse medicine
I’m not saying Trump is a billionaire, or even a good businessman, but holy shit how crazy is it that people are trading $35/share for something their grandkids could put together over a long weekend of free time?
I think you are interpreting this wrong… people are paying $35 a share because one of two reasons:
- they are completely deluded and think of Trump as a literal messiah
- they think $35 a share for a complete slut that would do anything but with the powers of the US Presidency is a bargain
It also took in a grand total of $4M in revenue last year. Not profit, revenue. Like, I think Nvidia is insanely overvalued based on AI hype, but they do have $61B in revenue on a $2,240B market valuation. Even that’s out of wack, but the ratio there is orders of magnitude better than Truth Social.
Efficient Market Hypothesis is one hell of a drug.
Seems like a good way for people to slip money into Trump’s accounts without the regulatory oversight of a direct gift or donation.
That’s one perspective. Another is that he’s tapping into a rich vein of WSB-tier suckers.
I’m not sure there are that many suckers. Trump’s campaign has bled his supporters pretty hard, they don’t have billions to invest. And serious speculators ought to know it’s not worth shit, unless they’re just riding the idiot wave. I suspect there’s something fucky going on.
Trump’s campaign has bled his supporters pretty hard
Trump got his $175M civil bond paid by a single California billionaire auto-loan shark, Don Hankey. I just don’t think you understand how deep the well goes, when it comes to right-wing suckers and fascist fellow-travelers.
I suspect there’s something fucky going on.
I have no doubt there’s fuckery going on. Probably layers of fuckery, as speculators pile on top of boiler room penny stock hustlers to goose the price of this golden turd. But if there’s one thing I’ve learned from the Bitcoin con-job, its that if you inflate an asset’s value high enough, you can eventually off-load it on the public sector by claiming “this will create economic growth”.
The tech isn’t what’s valuable, it’s the market reach. That said, the market reach is also shit.
The tech isn’t what’s valuable
Saying this right before my EQ pirate server gets inundated with over a dozen users.
What do you mean? They are the perfect target audience for lots of things, all in one place. Reverse mortgages, penis pills, VPN services (since you can’t discretely view porn in Texas without it), etc.
Well, their grandkids may be able to put it together. They themselves still consider it magic…
…I should make a instance
holy shit how crazy is it that people are trading $35/share for something their grandkids could put together over a long weekend of free time?
When it comes to humans, sometimes they focus more on style, than the substance.
You’d think they’d be more careful with their money, especially these days when there is so little of it to go around, but no, their favorite star tells them otherwise.
These lists just make the problem worse.
And it’s going to go down further. The only question is: How many billions and billions and billions will Elon pay for it?
Remember how idiot kids were banding together to send Kylie Jenner money just to her from $900 million to billionaire status? Their moron parents are the ones buying Trump shoes and bibles.
$$$
Taylor Swift
.
.
.
Donald Tump <——
$$
Tres Commas
I’d take Russ over Trump any day.
Why was he on it in the first place?
He haa been lying about his net worth since the 80’s. It’s all “self-reported” wealth.
He inherited $400 mil from his father and pissed it all away. The rest has been un-repaid loans and one-sided partnerships. He has never actually been a billionaire at all, unless you count debt as net worth.
He’s the Nepo baby of a slumlord.
Bruh. Russia will bail out his shitty scam stock just when he’s ready to sell.
Im not sure Russia has this capability anymore but plenty of other foreign actors do.
They can just put it on musk’s to do list.
Now just boot him out of the country and we’ll call it good
Why stop there? Boot him out of the planet
What about into the planet? Maybe if we start sacrificing billionaires to random volcano gods, things will finally change somewhat. (And yeeting bloated oligarchs into volcanoes is a lot cheaper and more environmentally friendly than launching their corpulent butts into space.)
Even better
Send the billionaire class to space and don’t let them back
Only thing more pathetic than Elon Musk is Donald J Trump.
That is going to hurt his overblown ego more than anything else. He is deadly afraid that his supporters might finally realize that the wannabe-emporer is indeed naked.
Putin’s broke bitch
Oh no! Anyway.
