Don Jr.'s 'Amazon of Guns' Immediately Tanks on Stock Market Debut

[BumRushDaShow]

Source: msn/Daily Beast

8h

A gun-selling venture backed by Donald Trump Jr. had an abysmal opening day on Wall Street.

GrabAGun—an online firearms marketplace that Don Jr.’s business partner, Omeed Malik, has described as the “Amazon of guns”—opened on the New York Stock Exchange Wednesday. But Trump and Malik’s jubilant chants of “U.S.A.! U.S.A! at the opening bell turned to frowns as the company’s shares plummeted 25 percent by 3 p.m.

Don Jr. had bought 300,000 shares in an affiliate company and sits on GrabAGun’s board, Bloomberg reported. The share price ended the day 24 percent down, shearing $1 million off Don Jr.’s holdings, though his shares were still worth $4 million at the closing bell.

Don Jr. and Malik are partners at 1789 Capital, an investment group that focuses on the “anti-woke” economy.

Read more: https://www.msn.com/en-us/money/news/don-jr-s-amazon-of-guns-immediately-tanks-on-stock-market-debut/ar-AA1INdVU

[mdbl]

1. They say " Live by the sword die by the sword "

Here's to hoping.

[Harker]

2. Appropriate that it should blow up in his face.

[Oeditpus Rex]

3. BANG!

[tulipsandroses]

4. Amazon of guns??? Really?? Why?? What does this have to do with 2A???

Sigh.

[Grokenstein]

5. Go anti-woke, go broke...

...and go f@#! yourselves.

[mpcamb]

11. Don junior, showing he's every bit the businessman as his dad.

[FakeNoose]

6. Selling firearms by mail order? on the internet?!?

How is this even legal? We have questions ....

[timms139]

7. Any firearm

ordered would have to be delivered to a local dealer who would have to do the background check .Rural King and other large dealers sale online all the time .

[JoseBalow]

8. I love seeing these drumpf shitheels lose money

A pox on your family

[DBoon]

9. they just shot themselves in the foot

bada bing

[Bernardo de La Paz]

10. It dropped 23 pc MORE the next day (Thursday). A total drop of 42 pc value in first two days. $17.24 now $10.10. . . nt

[twodogsbarking]

12. Saudis will buy them.

Maybe Bibi.

[NickB79]

13. There are plenty of other established online gun and ammo sellers

It's a saturated market.