So, who saw this coming?

[imanamerican63]

I didn’t!

Trump’s social media companies are now being sued for allegedly misleading their investors!

Just another fake, failed business venture for Trump. All he was doing was grifting from investors and the public! It is his shtick, ripping people off and saying that he wasn’t at fault!

[Metaphorical]

1. In Fairness, Trump was supposed to win *snort*

This was a gamble, and any investor who put up money should have known it going in. Trump was going to beat Biden, and Truth Social would have then become THE right wing social media hub. I don't think any of those investors thought that the situation would change so drastically, but even if they had, that's politics for you.

[krkaufman]

23. Twitter

would have then become THE right wing social media hub

Trump Social was kinda doomed as soon as Musk acquired Twitter, making Twitter the de facto Right Wing social media site. No need for a Right Wing-specific site once extremism was allowed back onto Twitter.

[Indykatie]

28. Anyone Who Thought DJT's $4M in Annual Revenue was Worth Billions Deserve What They Get.

[gab13by13]

2. Not just that,

TSF is using Un-Truth Social to promote all kinds of scams.

[Scrivener7]

3. I did! I did!

[GoCubsGo]

21. As did everyone who has been paying even a small bit of attention to

this criminal motherfucker for the past four decades. Which is why it will forever boggle my mind that so many people are willing to hand over the reins of power to this shitbag.

[SupportSanity]

25. It's like Charlie Brown and Lucy with the football. Trust her Charlie Brown!!

[modrepub]

4. Caveat Emptor

The "free" market in action.

[OLDMDDEM]

5. Another trump scam.

[et tu]

6. well the 'fool me once etc.'

they should have known what would happen-
scamming sleeping dogs get up with nada!

[Pacifist Patriot]

7. Shocked! Shocked I Say! Where are my smelling salts?

[NonPC]

9. The CFO Already Bailed

He got a piece, then hit the road before the shit really hits the fan. He probably needs to work yet. But he’s still going to give up all his gains to lawyers, as the cesspool drags most of them under.

[no_hypocrisy]

8. Trump's "defense":

You knew I’m a liar and you accepted the risk.

[0rganism]

13. The Snake

Such obvious projection
Yet he suckers his prey again and again

[Joinfortmill]

10. He's is an embarassment of our country.

[Mz Pip]

11. Anyone with common sense

would know any venture of Trump’s is a bad investment. It’s like they’re gambling addicts and can’t help themselves.

[SupportSanity]

26. Common sense is not common enough.

[llmart]

12. If you look in the dictionary for the word "gullible"...

you'll find pictures of Trump investors!

[malaise]

14. Anyone stupid enough to invest in anything associated with that criminal deserves to be robbed

That is all

[DENVERPOPS]

15. I hope he takes every last dime

of those 70+ Million MAGAots...........Trumps iconic ball cap should read: BEND OVER IDIOTS

[RandomNumbers]

16. Yes and No. Unlike the greedheads on the other side,

liberals tend to go after the robbers even when the victims were stupid to be robbed that way.

But part of me agrees wholeheartedly with you anyway.

[malaise]

20. Let's go after all of them

😀

[Jrsygrl96]

17. Money laundering

That “business venture” was nothing more than a back door way to get money into his pockets. Campaigns must account Super PAC money. This way they don’t have go through that hassle. I just read that tons of his bibles have been purchased in Oklahoma for schools.
What is scariest though is the crypto scam he is attempting. Untraceable money coming in from who knows where. As if it wasn’t bad enough Jared got 2 billion from the Saudi’s, and Von Shitsinpantz got 10mil from Egypt, we would never know how much he could get or what he would owe foreign entities for buying into it.

[lindysalsagal]

18. I found an article Ap Wire: Stakeholder in Trump's Truth Social parent company wins court ruling over share transfer

https://apnews.com/article/trump-media-truth-social-lawsuit-80aa0b7572a6d8d41d4ae71ffb89f290

By RANDALL CHASE
Updated 7:38 PM EDT, September 6, 2024
Share

DOVER, Del. (AP) — A federal judge in Delaware has ruled in favor of a firm seeking assurance that it will be able to sell its minority stake in the parent company of former president Donald Trump’s Truth Social platform.
The judge on Friday granted summary judgment to Florida-based United Atlantic Ventures LLC in a lawsuit filed against Minnesota-based Odyssey Transfer and Trust Co., a business that handles securities transfers among registered shareholders.

UAV is owned by Andrew Litinsky and Wesley Moss, former contestants on Trump’s TV show, “The Apprentice” who also helped facilitate a merger that took Trump Media public in March.

Since then, UAV and Trump Media have been battling in courts in both Delaware and Florida over UAV’s stake in the company. Attorneys for Trump Media assured a state judge in Delaware earlier this year that UAV was entitled to an 8.6% stake and would suffer no merger-related dilution. They now contend, however, that UAV is not entitled to its shares because of pre-merger mismanagement by Litinsky and Moss.

[nickster48]

19. Good!

May they drive it straight up his thoroughly lame and wretched ass….

[peggysue2]

22. Fake, failed business adventures are Trump's specialty

Add a little money-laundering and you have his legacy wrapped up in one sordid package.

[msfiddlestix]

24. So glad to read they're getting sued, on the one hand. OTH, it's all chump change to Musk, Theil etc al.

[ProfessorGAC]

27. I Think A Lot Of Us Did

There was soubd business model. It was idiocy to think all but a small crowd of true believers would leave Twitter for that platform.
And, it was equally easy to see that major advertisers weren't going there until there were enough eyeballs to justify it.
This was a failed business before they ever launched.
Thing is, a lot of investors may have purchased shares out of obeisance to the fuhrer, not because they examined a prospectus. So, did they really get defrauded? Or did they just throw money at a wish & hope?
Did those people need to be lied to in order to invest?

[JHB]

29. Everyone EXCEPT for the investors?

[IronLionZion]

30. Either the investors are really dumb or it's some crooked money laundering scheme

or a stupid way to pass him bribes