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If the Saudis want to "invest" $2 billion, they don't have to give it to Jared Kushner, they can just have their sovereign wealth fund dump it into this company

If the Saudis want to "invest" $2 billion, they don't have to give it to Jared Kushner, they can just have their sovereign wealth fund dump it into this company and let the Trumps do whatever they want with it.

JumpCrisscross 2y ago
> they can just have their sovereign wealth fund dump it into this company Not how secondary markets work.
- ceejayoz 2y ago
  Why would you need a secondary market to buy $DJT shares?
  - JumpCrisscross 2y ago
    > Why would you need a secondary market to buy $DJT shares? The people buying shares on the stock exchange are not buying them from Trump. They are not buying them from Truth Social. Trying to bribe Trump by buying DJT on the open market is beyond bone-headed dumb.
    - ceejayoz 2y ago
      Trump owns 57% of the shares. (Possibly more now; https://www.cnn.com/2024/04/22/business/trump-media-stock-truth-social/index.html https://www.cnn.com/2024/04/22/business/trump-media-stock-tr... says 65% either now or shortly) You don't need to buy new ones from Truth; you buy ones already on the market to run the price up. This directly benefits the guy holding the majority of the shares, and in a few months he can freely sell them. Same way a pump-and-dump works, but the "victims" (who've already run similar plays; https://www.nytimes.com/2022/04/10/us/jared-kushner-saudi-investment-fund.html https://www.nytimes.com/2022/04/10/us/jared-kushner-saudi-in...) don't even mind losing the money.
      - JumpCrisscross 2y ago
        > You don't need to buy new ones from Truth; you buy ones already on the market to run the price up. This directly benefits the guy holding the majority You’re describing a pump without the dump. There are a lot of reasons this is invalid. Please take it from a professional in this space for decades that your hypothesis is testably false. Even if it did transfer wealth to the Trumps, it wouldn’t do so definitively, and so be diluted in leverage in comparison with a smaller, more direct measure.
        ceejayoz 2y ago
        Trump would obviously be the one dumping some shares. As a professional in the space, help me understand. What prevents the Saudis from offering $10-20B to take $DJT private by buying out all the shareholders? (Like Musk’s $420 tweet that got him SEC minders, but real.)
        reverius42 2y ago
        Yes, this is clearly a two-party coordinated pump and dump. Unless anyone wants to claim with a straight face that Trump Social is a good investment at its current price-to-earnings ratio?
verdverm 2y ago
They could buy ads on the platform, bypassing the market and giving more directly

JumpCrisscross 2y ago

> they can just have their sovereign wealth fund dump it into this company Not how secondary markets work.

ceejayoz 2y ago
Why would you need a secondary market to buy $DJT shares?
- JumpCrisscross 2y ago
  > Why would you need a secondary market to buy $DJT shares? The people buying shares on the stock exchange are not buying them from Trump. They are not buying them from Truth Social. Trying to bribe Trump by buying DJT on the open market is beyond bone-headed dumb.
  - ceejayoz 2y ago
    Trump owns 57% of the shares. (Possibly more now; https://www.cnn.com/2024/04/22/business/trump-media-stock-truth-social/index.html https://www.cnn.com/2024/04/22/business/trump-media-stock-tr... says 65% either now or shortly) You don't need to buy new ones from Truth; you buy ones already on the market to run the price up. This directly benefits the guy holding the majority of the shares, and in a few months he can freely sell them. Same way a pump-and-dump works, but the "victims" (who've already run similar plays; https://www.nytimes.com/2022/04/10/us/jared-kushner-saudi-investment-fund.html https://www.nytimes.com/2022/04/10/us/jared-kushner-saudi-in...) don't even mind losing the money.
    - JumpCrisscross 2y ago
      > You don't need to buy new ones from Truth; you buy ones already on the market to run the price up. This directly benefits the guy holding the majority You’re describing a pump without the dump. There are a lot of reasons this is invalid. Please take it from a professional in this space for decades that your hypothesis is testably false. Even if it did transfer wealth to the Trumps, it wouldn’t do so definitively, and so be diluted in leverage in comparison with a smaller, more direct measure.
      - ceejayoz 2y ago
        Trump would obviously be the one dumping some shares. As a professional in the space, help me understand. What prevents the Saudis from offering $10-20B to take $DJT private by buying out all the shareholders? (Like Musk’s $420 tweet that got him SEC minders, but real.)
        reverius42 2y ago
        Yes, this is clearly a two-party coordinated pump and dump. Unless anyone wants to claim with a straight face that Trump Social is a good investment at its current price-to-earnings ratio?

verdverm 2y ago

They could buy ads on the platform, bypassing the market and giving more directly