shansterable, to investing
@shansterable@c.im avatar

Please ignore the man behind the curtain claiming "Trump is about to get $3 billion richer after deal is approved to take his company public."

"SEC filings indicate Trump Media’s revenue amounted to just $1.1 million during the third quarter. The company posted a loss of $26 million that quarter."

"Not only that, but Truth Social appears to be shrinking. The number of Truth Social’s US monthly active users on iOS and Android is down 39% year-over-year."

As soon as the 6-month lock-up period is done and founders can finally cash out their shares, there will be a race to the exits.

#OrangeMussolini used his initials as the stock ticker. I just can't wait to share the graph showing DJT stock in freefall. You can't make this shit up.

#Trump #SPAC #DigitalWorld #Investing #Invest #Finance #DevinNunes #Fraud

https://www.cnn.com/2024/03/22/business/trump-truth-social-dwac-shares/index.html

randahl, to random
@randahl@mastodon.social avatar

If Truth Social was loosing cash so rapidly, how could Trump keep it afloat up until the recent IPO? According to the Guardian, by borrowing millions from a Russian shell company controlled by Postolnikov — a guy whose name is listed on FBI search warrants in an ongoing money laundering investigation.

If all of this is true, the movie about the takedown Comrade Trump appears to write itself.

https://www.theguardian.com/us-news/2024/apr/03/trump-media-es-family-trust-2022-loans

shansterable,
@shansterable@c.im avatar

@randahl
I've been following this shitshow for quite a while now. I never believed the merger would actually happen until it did, and I still think the SEC never should have given the green light for it.

I wrote about the link between TMTG and Paxum Bank back in October 2023:

"In 2022, the Southern District of New York investigated TMTG for money laundering, after finding it received a $8 million in loans: $2 million from Paxum Bank, based in Dominica and chartered under the Offshore Banking Act No. 8 of 1996. Paxum is partially owned by a former Russian government official who now runs a maritime agency under the jurisdiction of the Ministry of Transport of the Russian Federation. The other $6 million came from “ES Family Trust” which shared a director with Paxum."

https://c.im/@shansterable/111236098156917920

#Trump #TrumpSPAC #DJT #Finance #Investing #Fraud #USPol #USPolitics

Ruth_Mottram, (edited ) to climate

I always thought the shareholder value cartoon was pure satire, but this suggestion that Danish investors should invest in oil shares from Danish bank Saxo is naked tragi-farce..
(Especially when considering vulnerability of country to #SeaLevelRise)

HT @haljin

#FossiFuelInvesting #Divest #ClimateChange #ClimateDiary

#SaxoInvester #Investing #BlackInvesting

peggycollins, to money
@peggycollins@socel.net avatar
ProPublica, to cars
@ProPublica@newsie.social avatar

#WallStreet Bet Big on Used-Car #Loans for Years. Now a Crisis May Be Looming.

The used-car market’s hot streak may be ending as borrowers struggle to make payments and regulators say some auto lenders are “setting up consumers to fail.”

#Cars #Retail #PersonalFinance #Investing #News

https://www.propublica.org/article/wall-street-bet-big-on-used-car-loans-now-crisis-may-be-looming?utm_medium=social&utm_source=mastodon&utm_campaign=mastodon-post

forteller, to investing
@forteller@tutoteket.no avatar

I don't love the idea of my money going to fund the companies destroying the world, but most mutual funds seems to do that, and the banks, who knows what they do?

So I've started #investing a bit of my money in solar panel infrastructure trough #Trine. They show me exactly where my money goes, and to what: Installing rooftop solar!

I'm supposed to get my money back w/interest, but there's ofc a risk. But the risk from investing in world destroyers is worse, IMO.

https://trine.com/just-invested/270283

ProPublica, to stocks
@ProPublica@newsie.social avatar

How Warren Buffett Privately Traded in #Stocks That Berkshire Hathaway Was Buying and Selling

Buffett has long said such trading would be a conflict of interest, and Berkshire policies prohibit it.

But confidential records show that, on at least three occasions, he sold millions of dollars of shares in stocks that Berkshire was #trading.

#IRS #WarrenBuffett #Investing #News #Business #Money #BerkshireHathaway

https://www.propublica.org/article/warren-buffett-privately-traded-stocks-berkshire-hathaway-ethics-irs?utm_medium=social&utm_source=mastodon&utm_campaign=mastodon-post

AlexJimenez, to ChatGPT
@AlexJimenez@mas.to avatar

No surprise, something humans devices to act like humans acts like a human.

#ChatGPT will lie, cheat and use insider trading when under pressure to make money, research shows

https://www.livescience.com/technology/artificial-intelligence/chatgpt-will-lie-cheat-and-use-insider-trading-when-under-pressure-to-make-money-research-shows

#AI #Ethics #EthicalAI #FinTech #FinServ #Investing

Nonilex, to tesla
@Nonilex@masto.ai avatar

#Tesla’s Profit Fell 55%, Adding to Concerns About Its Strategy

The first-quarter results will very likely fuel worries that competitors will continue grabbing a bigger slice of a #market dealing with slowing #ElectricCar sales.

#ElonMusk #Musk #finance #investing #StockMarket #business #egomaniac #EV
https://www.nytimes.com/2024/04/23/business/tesla-earnings-first-quarter-elon-musk.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=c-cb

AlexJimenez, to investing
@AlexJimenez@mas.to avatar
sharina_mc1, to Finance

Contrary to popular belief, the financial system isn't broken; it functions precisely as intended. Inflation, often seen as a drawback, actually serves as a deliberate mechanism to discourage saving and incentivize investing.

sharina_mc1, to Finance

The average person thinks the stock market is a casino. They have no idea about the concept of compound interest, dollar cost averaging, long term investing, or index funds. They confuse investing with gambling and hold themselves back by dismissing it as a rich person game.

RememberUsAlways, to investing
@RememberUsAlways@newsie.social avatar

Risk off.

Wheels up for takeoff.



Casey, to Energy
@Casey@newsie.social avatar
thekenyeung, to technology

After first identifying the startup phenomenon of "Unicorns," Cowboy Ventures' Aileen Lee is back with another take.

A decade later, she found the number of unicorns has grown, though many are at risk of falling out. And OpenAI is poised to become the first "superunicorn" thanks to AI.

https://techcrunch.com/2024/01/18/welcome-back-to-the-unicorn-club-10-years-later/

#technology #startups #finance #business #investing #siliconvalley

Casey, to Batteries
@Casey@mastodon.green avatar
Jigsaw_You, to ai
@Jigsaw_You@mastodon.nl avatar

For two consecutive quarters, generative #AI dealmaking at the earliest stages has declined, dropping 76% from its peak in Q3 2023 as wary investors sit back and reassess following the initial flurry of capital into the space.

#tech #technology #investment #investing #llm

https://pitchbook.com/news/articles/generative-ai-seed-funding-drops?utm

RememberUsAlways, to mastodon
@RememberUsAlways@newsie.social avatar

Yup.
I use #mastodon because I don't want corporate #socialmedia that only serves the board and shareholders.

#investing
#facebook
#meta

AlexJimenez, to generativeAI
@AlexJimenez@mas.to avatar
RememberUsAlways, to Polls
@RememberUsAlways@newsie.social avatar
researchbuzz, to Banking
@researchbuzz@researchbuzz.masto.host avatar

#diversity #inclusion #banking #finance #investing #DataDashboards

'The Diverse Investing Collective has launched a data dashboard that measures how much money is in the hands of gender-diverse and racially diverse portfolio management teams.... The initial version of the dashboard focuses on gender and a second version that will provide data on race and ethnicity in addition to gender will be released later in 2024.'

https://www.equities.com/impact-investing/new-tool-tracks-gender-and-racial-diversity-in-portfolio-management/

to3k, to investing
@to3k@tomaszdunia.pl avatar

🇬🇧 The topic of passive investing has completely consumed me lately! This is my new passion project 😅

🇵🇱 Temat pasywnego inwestowania pochłonął mnie ostatnio całkowicie! To mój nowy passion project 😅

shansterable, to Finance
@shansterable@c.im avatar

New filing today in the ongoing train wreck that is the Trump Media SPAC merger:

Whereas Trump’s media company SPAC merger was delayed due to that pesky SEC securities fraud investigation and

Whereas a bunch of people at Trump Media were promised lucrative stock compensation deals and

Whereas those folks, having waited three long years, are ready to scatter like rats from a sinking ship

Digital World Acquisition Corp. agrees to pay $6.4 million in “Cash Retention Bonuses” to Trump Media Employees

https://s3.amazonaws.com/sec.irpass.cc/2660/0001193125-24-030969.htm












Casey, to Hydrogen
@Casey@newsie.social avatar
cheryanne, to Podcast
@cheryanne@aus.social avatar
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