Fogbow

It looks like Marjorie Taylor Greene is taking a bath on Trump's Truth Social stock

When Donald Trump announced that he would be creating his new bigger and better social media platform Truth Social, everybody laughed, yawned, or asked the person speaking to repeat themselves. There were many on the right who saw this as a chance to make some money with their “brand” as well as an option for right-wing bigots and fascists to speak with even less of a filter to their white supremacist base. One of those people was Rep. Marjorie Taylor Greene, who had herself run afoul of community standards on social media platforms Twitter and Facebook.

Trump’s plan for Truth Social was to make it a public company by way of a merger with Digital World Acquisition Corp. According to Forbes, days after Trump’s announcement, Greene quickly bought up some stock in Digital World Acquisition. Since Congress doesn’t have to specify exactly how much they’ve purchased of a stock (only give a general range), Greene’s initial investment in Digital World Acquisition Corp. was reportedly between $15,000 and $50,000.

Truth Social launched, softly and stumbling, earlier this year. Many watchers couldn’t help but notice that like everything else Trump and his GOP minions do, the product seemed shoddy and unoriginal. It also became clear pretty quickly that comedy hater Devin Nunes was having a hard time getting even the perennially low-hanging fruit of Fox News to set up its account. At the same time it became clear that the merger between Trump’s social media platform and Digital World Acquisition Corp. was not going to go smoothly; for one, there is a federal investigation of the proposed merger. Meanwhile, top executives began abandoning the social media company less than a month after its launch.

Mother Jones reports that the money Greene invested on Digital World Acquisition Corp. stock has not appreciated. It has done the opposite of appreciating. To what degree Greene is taking a bath on this investment remains to be seen. “According to a periodic transaction report filed by Greene, she bought between $15,001 and $50,000 worth of DWAC stock on Oct. 22, 2021. Congressional stock tracking website CapitolTrades.com reports she bought her shares for $94.20 (which was the stock’s closing price that day), which would imply that Greene owns anywhere from 159.2 shares to 530 shares.”

Thoughts. And. Prayers.

Tiredretiredlawyer wrote: ↑Sat Sep 10, 2022 7:52 pm https://www.dailykos.com/stories/2022/9 ... uth-Social

It looks like Marjorie Taylor Greene is taking a bath on Trump's Truth Social stock

When Donald Trump announced that he would be creating his new bigger and better social media platform Truth Social, everybody laughed, yawned, or asked the person speaking to repeat themselves. There were many on the right who saw this as a chance to make some money with their “brand” as well as an option for right-wing bigots and fascists to speak with even less of a filter to their white supremacist base. One of those people was Rep. Marjorie Taylor Greene, who had herself run afoul of community standards on social media platforms Twitter and Facebook.

Trump’s plan for Truth Social was to make it a public company by way of a merger with Digital World Acquisition Corp. According to Forbes, days after Trump’s announcement, Greene quickly bought up some stock in Digital World Acquisition. Since Congress doesn’t have to specify exactly how much they’ve purchased of a stock (only give a general range), Greene’s initial investment in Digital World Acquisition Corp. was reportedly between $15,000 and $50,000.

Truth Social launched, softly and stumbling, earlier this year. Many watchers couldn’t help but notice that like everything else Trump and his GOP minions do, the product seemed shoddy and unoriginal. It also became clear pretty quickly that comedy hater Devin Nunes was having a hard time getting even the perennially low-hanging fruit of Fox News to set up its account. At the same time it became clear that the merger between Trump’s social media platform and Digital World Acquisition Corp. was not going to go smoothly; for one, there is a federal investigation of the proposed merger. Meanwhile, top executives began abandoning the social media company less than a month after its launch.

Mother Jones reports that the money Greene invested on Digital World Acquisition Corp. stock has not appreciated. It has done the opposite of appreciating. To what degree Greene is taking a bath on this investment remains to be seen. “According to a periodic transaction report filed by Greene, she bought between $15,001 and $50,000 worth of DWAC stock on Oct. 22, 2021. Congressional stock tracking website CapitolTrades.com reports she bought her shares for $94.20 (which was the stock’s closing price that day), which would imply that Greene owns anywhere from 159.2 shares to 530 shares.”

Thoughts. And. Prayers.

Kriselda Gray wrote: ↑Mon Sep 12, 2022 12:40 am Is it wrong for me to be quite pleased at her (mis)fortune?

raison de arizona wrote: ↑Mon Sep 12, 2022 6:43 pm Not going to bother with the video, but she's saying she will file articles of impeachment shortly against Biden for pushing wind and solar energy, turning away from fossil fuels and causing death.

Rep. Marjorie Taylor Greene🇺🇸 @RepMTG wrote: Democrats:

Raising taxes on the middle class & families while giving the corporate elites (their donors) loop holes, forcing taxpayers to fund EV industry while killing gas & Diesel engine industry, taxpayer funded failing wind & solar leading to high energy prices & darkness.

Republicans:

Tax cuts & savings for ALL - middle class and families, ending Government tax incentive control on which industries survive and allowing people to choose through consumer choice and industry effectiveness, ending corporate monopolies giving the little guy a chance.

PatriotTakes 🇺🇸 @patriottakes wrote: Marjorie Taylor Greene responds to AOC’s GQ magazine cover, says AOC “is not very smart” or “popular,” and attacked her for being a bartender.

a Business Administration degree from the University of Georgia

Brayden Karpinski @Braykarp wrote: .@RepMTG just told @santiagomayer_ to “go to another country” if he and @VotersTomorrow want to stop children dying in school.

She also kicked @MariannaPecora.

Rep. Marjorie Taylor Greene🇺🇸 @RepMTG wrote: These foolish cowards want the government to take away guns & the rights of parents to defend their children in schools.

You have to be an idiot to think gun control will create a utopian society where criminals disarm themselves and obey the law.

“Gun-free” zones kill people.