MTG suffers large financial loss after buying stock in a company trying to merge w/ 'Truth Social'

[Yo_Mama_Been_Loggin]

Republican Rep. Marjorie Taylor Greene has experienced a large financial loss a year after she heavily invested in a company that's set to merge with President Donald Trump's "Truth Social" platform.

On October 22, 2021, the congresswoman from Georgia invested between $15,001 and $50,000 in Digital World Acquisition Corp., a "blank check" special purpose acquisition company, or SPAC.

One year after Greene made her investment, the stock's value plummeted by more than 82 percent, according to Markets Insider, meaning the congresswoman lost between $12,330 and $41,100 from this one investment.

Only one other member of Congress has so far invested in Digital World Acquisition Corp.: Three days after Greene's investment, Rep. Larry Bucshon, a Republican of Indiana, also invested between $1,001 and $15,000. (Lawmakers are only required to disclose the values of their stock trades in broad ranges.)

https://www.msn.com/en-us/money/savingandinvesting/rep-marjorie-taylor-greene-suffers-large-financial-loss-one-year-after-buying-stock-in-a-company-that-s-trying-to-merge-with-trump-s-truth-social-platform/ar-AA13kjYe

I would say "that'll teach you" but frankly I doubt it.

[DFW]

1. I can totally see her touting some scam to unwitting investors and profiting from it, BUT......

I find it mind-blowing that she would put her own money into something even remotely involved with Trump and realistically ever expect to see it again, let alone realize a gain.

It's one thing for her to look in the mirror every morning and say, "hello, Your Majesty." It is quite another to then go out and spend the morning being fitted for a crown and booking a venue for the coronation.

[ZonkerHarris]

4. she drinks the kool aid every morning

[RockRaven]

2. I never thought of them as actually making an investment, I always figured it was a sort of

sacrificial act, to demonstrate their fealty to the Dear Leader and to buy his good favor, understood from the beginning as an expenditure. Nominally an investment, yes, but that money was gone, never to be seen again, on day one and everyone knew it.

[no_hypocrisy]

3. Schadenfreude!

Pleasure derived by someone from another person's misfortune.
"a business that thrives on schadenfreude"

[LuckyLib]

5. Between $12,000 and 50,000 is not a heavy investment.

I was hoping it was bigger money. She gets those kinds of funds from Trump lovers — she’s a member of the grifter club.

[Mr.Bill]

10. Greene compiled enough fines for not wearing a mask in Congress

to wipe out her entire salary. That's how rich she is. 50 grand is chump change to her.

[LetMyPeopleVote]

6. Trumpers discussing how much they have lost so far by purchasing shares of Digital World Acquisition

This makes me smile

Link to tweet

[LetMyPeopleVote]

7. Mad Marge loses 82% of her investment into Digital World Acquisition Corp

Link to tweet

[IcyPeas]

8. Hardly a large financial loss. she is loaded.

[Initech]

9. A fool and their money will soon be parted!