Finance expert to Truth Social investors: 'You are certain to be taken for a sucker' https://t.co/UPjO8OEUV5
— Raw Story (@RawStory) March 25, 2024
Quoted from the SEC disclosure filing for the Truth Social IPO:
"The Trump Taj Mahal, which was built and owned by President Trump, filed for Chapter 11 bankruptcy in 1991," the quotation reads. "The Trump Plaza, the Trump Castle, and the Plaza Hotel, all owned by President Trump at the time, filed for Chapter 11 bankruptcy in 1992.”
"Trump Steaks, a brand of steak and other meats founded by President Trump in 2007, discontinued sales two months after its launch. … There can be no guarantee that [Trump Media’s] performance will exceed the performance of those entities.”
Sure sounds like a fledgling company worth $5 billion to me!
"There's a sucker born every minute."
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