Trump's Stock Plummets (Literally) ft. Liz Dye

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Sorry, occupational hazard: This is not legal advice, nor can I give you legal advice. I AM NOT YOUR LAWYER. Sorry! Everything here is for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. Nothing here should be construed to form an attorney-client relationship. Also, some of the links in this post may be affiliate links, meaning, at no cost to you, I will earn a small commission if you click through and make a purchase. But if you click, it really helps me make more of these videos! All non-licensed clips used for fair use commentary, criticism, and educational purposes. See Hosseinzadeh v. Klein, 276 F.Supp.3d 34 (S.D.N.Y. 2017); Equals Three, LLC v. Jukin Media, Inc., 139 F. Supp. 3d 1094 (C.D. Cal. 2015).

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[namenamenamename]

The SEC fined a SPAC $18M for fraud involving billions. How is that a sufficient punishment? That's like me getting fined $100 for stealing $10, 000.

[moes]

It's insane that this whole thing was able to happen to begin with. SEC is a joke.

[originalscreenname]

Teaming up with “a guy from Miami named Patrick Orlando” is a thing that would be considered ridiculously obvious in the plot of a TV show.

[kaylapounds]

Imagine giving up bill money, rent money, mortgage money, emergency funds, etc. for a person that wouldn't throw you a coat nor a sweater if it were freezing.

[BinaryHedgehog]

Amazing comment elsewhere I found about this:

"I for one AM SHOCKED. How could a company that has lost over 100M in 2 years, possibly fail??? It made 4M last year. That obviously means that it should be valued at 8 BILLION dollars."

[pridelander]

Gotta love how no matter what it is, it's always a grift.

[lamp]

This is like the tenth thing that has me thinking "Surely now his followers will see that he's a psychopath who only cares about himself" but it just never happens

[alexisgrunden]

The problem with the bond is that before it was lowered, Trump HAD a bond company lined up _that was willing to pay, _ and his lawyers _deliberately failed to report this, _ which is why the bond got reduced as they claimed that getting that much money together was a 'financial impossibility'. However, now that it's come out that Trump (via the bond company) actually DID have the money, the bond ought to be bounced right back up to $460 million, and his lawyers slapped down HARD for this fraud.

[tyler]

People in power shouldn't have companies on the side.

[jamietigges]

It's amazing to me how many hardworking, but poor, conservatives are head over heels for this guy. It's so obvious everything he does is to milk people dry for his own lifestyle. He quite literally couldn't care less about America, it's people, and their laws. Only the final payout on any of his ventures matters. But because these people have been held down by corporate America for so long they're extremely desperate for anything and will believe anything in the hopes that it's real.

[Mrinsecure]

I've often heard it said before that if the only penalty for a crime is a fine, then it's legal if you're rich. And I fear that's sadly also the case for well-monetized corporations, who can easily eat the costs of litigation and SEC fines for blatant securities violations and still come out ahead.

[SuperSmashDolls]

Truth Social isn't a Twitter clone, it's a Mastodon clone. They literally took Mastodon, turned off federation, and stopped complying with the AGPL that requires them to publish all their source code.

And funnily enough there's a legal argument that the SPLC has been pushing rather successfully. Apparently anyone can sue someone for not complying with the GPL, even though it's a copyright license, because third-party beneficiaries of contractual terms can sue over that contract not being carried out.

I'm not saying we should sue Trump to force him to publish their hacked-up Mastodon instance, but...

[the_last_ballad]

I find it interesting how his children demanded a share. Not from his 90% slice of the pie, but from the small leftover bit that the people actually doing the work have to share.

[logancade]

Nobody who has almost 500 million dollars in cash uses social media to announce, "I HAVE ALMOST 500 MILLION DOLLARS IN CASH!"

[apapoodid]

Jimmy Carter had to sell his Peanut farm when he became president. A friggin Peanut Farm. And Trump gets to hold meme stocks and hotels. What a joke.

[doctormo]

I wish you'd covered the fact that they stole their software from mastodon and rebranded it. It's frustrating when the property rights are ignored by the wider community simply because it's nerds that owns those rights instead of other billionaires.

[chrishaven]

"The first pair of magical underpants was Truth Social..."

Even without context, this sentence makes more sense than it should

[CdnTrader]

On a serious note., these SPACs need to be de-listed. They are just loopholes for bad faith actors. Fat Bastard is exhibit 1.

[lozfan]

"Chaos lawyer" new favorite dnd class

[maryd]

This is the first i'm hearing of Liz Dye. She explains complicated things so well. I will look into more of her online. Thanks for sharing.