this post was submitted on 02 Apr 2024
1 points (100.0% liked)

Technology

1377 readers
130 users here now

Which posts fit here?

Anything that is at least tangentially connected to the technology, social media platforms, informational technologies and tech policy.


Rules

1. English onlyTitle and associated content has to be in English.
2. Use original linkPost URL should be the original link to the article (even if paywalled) and archived copies left in the body. It allows avoiding duplicate posts when cross-posting.
3. Respectful communicationAll communication has to be respectful of differing opinions, viewpoints, and experiences.
4. InclusivityEveryone is welcome here regardless of age, body size, visible or invisible disability, ethnicity, sex characteristics, gender identity and expression, education, socio-economic status, nationality, personal appearance, race, caste, color, religion, or sexual identity and orientation.
5. Ad hominem attacksAny kind of personal attacks are expressly forbidden. If you can't argue your position without attacking a person's character, you already lost the argument.
6. Off-topic tangentsStay on topic. Keep it relevant.
7. Instance rules may applyIf something is not covered by community rules, but are against lemmy.zip instance rules, they will be enforced.


Companion communities

[email protected]
[email protected]


Icon attribution | Banner attribution

founded 1 year ago
MODERATORS
 

Shares in Trump Media dropped 21.5% as auditor discloses ‘substantial doubt’ over company’s ability to continue operating

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 0 points 7 months ago* (last edited 7 months ago) (3 children)

dont celebrate to early,
he has a stake of about 78 million shares,
which is still about 3.7 billion usd at the current price (48.66)

i dont remember exactly how much he was ordered to pay, i was under the impression it was about 500 mil. (correct me if im wrong there.)

if he doesnt manage to weasel his way out of paying that, this would unfortunately still be enough to cover his ass.

unless the stock drops under 6.4 usd,
which hasnt happend so far,
(lowest i found was 12.4 so far.)

EDIT: just read that the fine was lowered to about 250 mil.
weaseling his tangerine ass out of paying his bills seems to be the singular life skill this guy has.

[–] [email protected] 0 points 7 months ago

As far as I know, he still has to pay the full amount if he looses his appeal https://trumpdebtcounter.com/ The judge just lowered the bond amount Trump has to put up in order to file an appeal.

At this point, I don't care if he's still rich as long as he doesn't get back into office. We've already seen that justice isn't blind, some people are above the law, and Trump will never be held accountable. He's going to weasel his way out of paying most of the judgements against him.

I don't know what's wrong with that debt counter. It was showing $474mil a week ago.

[–] [email protected] 0 points 7 months ago

The bond was lowered to 175mil. He'll still apparently have to pay the full 475mil if his appeal flops, but idk, they let him take way longer to put in his bond, and also dropped the bond amount by like 300mil.

[–] [email protected] 0 points 7 months ago

It will go to the Supreme Court and be dropped to 0. It'd bs