How Much Money Has Marjorie Taylor Greene Lost on Trump's Social Media Company?

[LetMyPeopleVote]

This makes me smile

Link to tweet

https://www.motherjones.com/politics/2022/09/marjorie-taylor-greene-dwac-truth-social-stock-trump/

That’s a big problem because, according to DWAC’s own internal corporate rules, it has to complete a merger by Sept. 8 of this year—Thursday—or else put itself out of business and refund investors $10 per share. DWAC’s founders organized a special shareholder meeting for Tuesday this week, at which they asked all shareholders to vote in favor of extending the deadline another year. However, early on Tuesday, even before the meeting started, Reuters reported that company insiders were saying they didn’t think they would get approval. The stock, already substantially down from its high points, went spiraling......

We do know, however, that Greene—the bombastic congresswoman from Georgia—will take a big hit if DWAC is liquidated. Greene and Indiana GOP Rep. Larry Buchson both purchased DWAC shares last fall. Buchson purchased a handful, but Greene bought quite a few—and at close to the highpoint. According to a periodic transaction report filed by Greene, she bought between $15,001 and $50,000 worth of DWAC stock on Oct. 22, 2021. Congressional stock tracking website CapitolTrades.com reports she bought her shares for $94.20 (which was the stock’s closing price that day), which would imply that Greene owns anywhere from 159.2 shares to 530 shares.

If it’s the latter, based on how low DWAC’s stock was trading on Wednesday afternoon, $50,000 worth of shares Greene bought last year would now be worth as little as $12,000. And if DWAC were to dissolve itself and pay investors just $10 a share, her loss could be as high as $44,700. Even if Greene had purchased the minimum amount possible within the range she reported, her shares today would be worth less than $3,700—a loss of more than $11,000.

[Marcus IM]

1. It's peanuts to her. A hateful investment. n/t

[Norbert]

2. Proof that blind loyalty will cost you

Especially when any amount of common sense will have one seeing red flags.

Remind me never to sign three-toes as my financial advisor.

[Maeve]

3. Not enough. "All" would be enough eom

[getagrip_already]

4. it's probably all campaign funds anyway.... n/t

[Walleye]

5. She could be trying to find her way onto a Trump presidential ticket

Sounds a little like money laundering

[brush]

6. Taylor Greene continues to show how dumb she its. I mean who...

invests money in any venture involving trump? The man's track record in business is abominable. Ya might as well throw the cash away.

[2naSalit]

7. Too bad it isn't enpugh to break her.

[Baitball Blogger]

8. Big deal. She made much more than that in forgiven ppl loans.