Sunday, March 24, 2024

Trump's last company to go public lost 1 billion dollars in Stock value

That previous, decades-ago experience, however, did not end well for the company or its investors. While a 2016 Washington Post review found that Trump made over $44 million, the company — Trump Hotels and Casino Resorts — lost more than $1 billion and ended up in bankruptcy.

This time around, there’s at least one similarity between the two ventures separated by decades. The newly merged company that’s set to go public, Trump Media, will be listed on the Nasdaq stock exchange with the letters DJT, Trump’s initials. Trump Hotels and Casino Resorts used the same stock ticker when it went public with great fanfare in 1995.

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 https://www.nbcnews.com/politics/donald-trump/last-time-trump-company-went-public-didnt-go-well-investors-rcna144657

However, with Trump earning 44 million dollars and everyone else basically going bellyup and losing everything it tells you something about Trump's level of responsibility towards other investors is basically zero in anything he lets go public.

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