Donald Trump on Wall Street
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Global Financial Data includes information on thousands of businesses that entrepreneurs have created during the past two centuries, and two of...

Last line of the article:
“Whether Trump goes public with any companies in the future remains to be seen, but if he does, only the short-sellers will be happy.”(2016)

  • OpticalMoose@discuss.tchncs.deOPEnglish
    1·
    2 months ago

    That’s a hell of an undertaking. You’ve got a long weekend ahead of you.😁

    I took a peek at the S-4 filing for TMTG and it’s glorious:

    A number of companies that were associated with President Trump have filed for bankruptcy. There can be no assurances that TMTG will not also become bankrupt.

    Entities associated with President Trump have filed for bankruptcy protection. The Trump Taj Mahal, which was built and owned by President Trump, filed for Chapter 11 bankruptcy in 1991. The Trump Plaza, the Trump Castle, and the Plaza Hotel, all owned by President Trump at the time, filed for Chapter 11 bankruptcy in 1992. THCR, which was founded by President Trump in 1995, filed for Chapter 11 bankruptcy in 2004. Trump Entertainment Resorts, Inc., the new name given to Trump Hotels & Casino Resorts after its 2004 bankruptcy, declared bankruptcy in 2009. While all of the foregoing were in different businesses than TMTG, there can be no guarantee that TMTG’s performance will exceed the performance of those entities.

    A number of companies that had license agreements with President Trump have failed. There can be no assurances that TMTG will not also fail.

    Trump Shuttle, Inc., launched by President Trump in 1989, defaulted on its loans in 1990 and ceased to exist by 1992. Trump University, founded by President Trump in 2005, ceased operations in 2011 amid lawsuits and investigations regarding the company’s business practices. Trump Vodka, a brand of vodka produced by Drinks Americas under license from the Trump Organization, was introduced in 2005 and discontinued in 2011. Trump Mortgage, LLC, a financial services company founded by President Trump in 2006, ceased operations in 2007. GoTrump.com, a travel site founded by President Trump in 2006, ceased operations in 2007. Trump Steaks, a brand of steak and other meats founded by President Trump in 2007, discontinued sales two months after its launch. While all these businesses were in different industries than TMTG, there can be no guarantee that TMTG’s performance will exceed the performance of these entities.

    There’s plenty more out there. It doesn’t even mention Trump Mortgage, launched a year before the housing crash.