Trump's Risky Business: A Potential Windfall or Another Con Job?

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ICARO Media Group
Politics
19/09/2024 16h32

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In a surprising turn of events, former President Donald Trump is set to make a major financial move this week that could potentially earn him a substantial payday. However, given Trump's history of impressive bluffs and questionable schemes, it's hard to determine whether this venture is a genuine opportunity or yet another con job.

This Thursday marks the long-awaited opportunity for Trump to sell his stock in Trump Media, the parent company of his controversial website Truth Social. With the recent launch of his own cryptocurrency platform and other eyebrow-raising endeavors such as gold Trump sneakers and Trump-endorsed Bibles, Trump's financial ventures have become increasingly difficult to keep track of.

If Trump plays his cards right during this stock sale, insiders estimate that he could walk away with a staggering $2 billion. But here's the catch – the success of this potential windfall hinges not on the company's actual performance, but on the public perception of Trump as a successful businessman. It's a myth that he has successfully cultivated and monetized over the years.

However, the reality of the situation paints a different picture. Truth Social's stock value has been steadily declining since its launch, casting doubts on the company's long-term viability and raising questions about the sustainability of its stock price. It begs the question: Is this just another smoke-and-mirrors operation orchestrated by Trump to further deceive investors and maintain the illusion of success?

A recent statement from Trump, where he expressed his love for the company and claimed he would not be selling his stock, raises suspicion. Financial experts believe that his declaration may be a smart tactic to manipulate the market and keep the stock price propped up. As per the rules governing his stock sales, Trump can only begin selling his shares on Thursday if the stock remains above $12 per share. But as of Wednesday, it was trading at just over $15, leaving room for speculation about his true intentions.

As the week progresses, all eyes will be on Trump and the outcome of this high-stakes financial maneuver. Will it be a boon for Trump, solidifying his image as a shrewd businessperson? Or will it unravel as yet another example of bluffing and deception? Only the coming days will reveal the truth behind Trump's financial exploits and whether his myth-making continues to captivate the public.

In the world of Trump, where reality often merges with illusion, it's crucial to approach his ventures with skepticism. The tale of Trump Plaza Hotel and Casino serves as a reminder of his ability to bluff his way into lucrative deals. Whether this latest venture follows a similar narrative or if it will mark a genuine turning point for his financial fortunes remains to be seen.

The views expressed in this article do not reflect the opinion of ICARO, or any of its affiliates.

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