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Trump Media/Truth Social and DWAC merge under the new ticker DJT...

Discussion in 'Too Hot for Swamp Gas' started by WarDamnGator, Mar 25, 2024.

  1. snatchmagnet

    snatchmagnet Bring On The Bacon Premium Member

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    Then short it
     
  2. snatchmagnet

    snatchmagnet Bring On The Bacon Premium Member

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    I don’t like Trump and wish he wouldn’t run, but you guys may need to step back for a moment and relax. This just might be a VC making money. How did Biden become a millionaire on 150k a year?
     
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  3. homer

    homer GC Hall of Fame

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    Relax,,, lol
     
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  4. snatchmagnet

    snatchmagnet Bring On The Bacon Premium Member

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    It’s nuts
     
  5. mdgator05

    mdgator05 Premium Member

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    How do you theorize that a VC is making money on this?

    Also, Biden wasn't a millionaire when he was making 150k a year.
     
  6. snatchmagnet

    snatchmagnet Bring On The Bacon Premium Member

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    I call it Vc. Sorry. I think u know what I mean. When did Biden’s salary explode?
     
  7. NavyGator93

    NavyGator93 GC Hall of Fame

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    Not hard to become a millionaire on 150k a year. Discipline and time make it pretty easy.
     
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  8. sierragator

    sierragator GC Hall of Fame

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    Yep, you can be worth a million dollars on less than 150k per year if you are wise about $ and investments.
     
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  9. mdgator05

    mdgator05 Premium Member

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    Absolutely no idea what you mean. And what do you mean by explode? He made considerably more than $150K when VP. The VP salary is over $200K. And yes, you can become a millionaire making over $200K. He has pretty extensive financial disclosures from his time as VP and the time in the private sector and now that he is President.
     
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  10. mikemcd810

    mikemcd810 Premium Member

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    Being able to give speeches at six figures a pop helps as well.
     
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  11. snatchmagnet

    snatchmagnet Bring On The Bacon Premium Member

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    lol seriously?
     
  12. mdgator05

    mdgator05 Premium Member

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    Absolutely true. Also true that he wasn't a millionaire. Biden actually had very little wealth when he became VP. It was actually a bit of an issue in 2008. In 2009, he apparently had a net worth of about $30K.

    237 Millionaires in Congress
     
  13. snatchmagnet

    snatchmagnet Bring On The Bacon Premium Member

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    10mm isn’t possible from his salaries.
     
  14. snatchmagnet

    snatchmagnet Bring On The Bacon Premium Member

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    Great investing I guess
     
  15. mdgator05

    mdgator05 Premium Member

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    I would agree. That is why he didn't have $10 Million dollars based on salaries, but rather received it via book sales and speaking fees after he left office.

    Now, back on topic, what is your theory about VCs actually about?
     
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  16. snatchmagnet

    snatchmagnet Bring On The Bacon Premium Member

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    I call vc investors, sorry to trip u up, my bad on the verbiage. Also my mistake on Biden’s book sales. Lots of books
     
  17. BigCypressGator1981

    BigCypressGator1981 GC Hall of Fame

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    I honestly would love to know how. Especially now after the initial jump.
     
  18. snatchmagnet

    snatchmagnet Bring On The Bacon Premium Member

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    I wouldn’t either. Just seemed like a good move if you expected it to crash.
     
  19. BigCypressGator1981

    BigCypressGator1981 GC Hall of Fame

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    I fully expect it to crash. I would honestly love to short it I just legitimately don’t know how. Never shorted a stock before. I’ll have to google this.
     
  20. mdgator05

    mdgator05 Premium Member

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    Still doesn't make any sense. I'm still trying to figure out the value of a company with about $3 million in revenue, about $50 million in losses, no important IP or assets, and that isn't even growing. Why would somebody want to own equity in that particular business?
     
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