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Giantone · 09-10-2022, 08:31 PM

Yahoo Finance
Trump has a long and rocky relationship with the public markets

Ben Werschkul·Washington Correspondent
Fri, September 9, 2022 at 1:51 PM·5 min read

https://finance.yahoo.com/news/trump...175142274.html

Trump's questionable business practices may have precipitated that downfall.

In 2016, the Washington Post looked into how, despite losing money every year, the company paid Trump handsomely and apparently shifted funds and assets between his public and his private business in ways that benefited him greatly but undermined his shareholders. Forbes also reported on that period and found that it “didn’t take long for Donald John Trump to betray his shareholders.”

Trump has declined to respond to specifics allegations relating to his tenure atop DJT but told The Washington Post at the time, “I make great deals for myself.”

The SEC also brought a case — which was later settled — alleging Trump’s company misled investors on an earnings report.

Back then, retail investors who admired Trump helped drive up the stock price but didn't receive financial rewards when the price crashed.

This year's SPAC drama echoes that time. DWAC has also lost money for retail investors and Trump fans over the last year. The stock hit an all-time high of $94.20 when interest in the company peaked; by Friday morning, it was trading at around $23 per share.

09-10-2022, 08:31 PM	#7
Giantone Gamebreaker Join Date: Apr 2006 Posts: 14,587	Re: trump the Criminal Yahoo Finance Trump has a long and rocky relationship with the public markets Ben Werschkul·Washington Correspondent Fri, September 9, 2022 at 1:51 PM·5 min read https://finance.yahoo.com/news/trump...175142274.html Trump's questionable business practices may have precipitated that downfall. In 2016, the Washington Post looked into how, despite losing money every year, the company paid Trump handsomely and apparently shifted funds and assets between his public and his private business in ways that benefited him greatly but undermined his shareholders. Forbes also reported on that period and found that it “didn’t take long for Donald John Trump to betray his shareholders.” Trump has declined to respond to specifics allegations relating to his tenure atop DJT but told The Washington Post at the time, “I make great deals for myself.” The SEC also brought a case — which was later settled — alleging Trump’s company misled investors on an earnings report. Back then, retail investors who admired Trump helped drive up the stock price but didn't receive financial rewards when the price crashed. This year's SPAC drama echoes that time. DWAC has also lost money for retail investors and Trump fans over the last year. The stock hit an all-time high of $94.20 when interest in the company peaked; by Friday morning, it was trading at around $23 per share. __________________ ....DISCLAIMER: All of my posts/threads are my expressed typed opinion and the reader is not to assume these comments are absolute fact, law, or truth unless otherwise stated in said post/thread.