GrabAGun's (PEW) IPO Not a Success
From
Joseph Pereira@1:124/5016 to
All on Fri Jul 18 05:16:27 2025
This company, partly owned by the son of the US president, went public through a blank-check method.
A shell company, so to speak. This online gun store does claim to have generated some revenue, but it's difficult to verify.
It's a gun dealer, and Trump's son owns 300,000 shares in it.
After the IPO, the share price dropped 24%, and yesterday, before the market opened, it lost another 9%. By the end of the regular session yesterday, the loss for the day alone was almost 32%.
This decline was, of course, not the intention. The goal was for Trump's base to also buy the shares so that Trump's friends and his son would benefit financially.
It's simply a shell company that was brought to the market and is now worth $300 million.
Yet another few hundred million conjured out of thin air, thanks to the stock market and wealthy friends.
The scam continues, and people keep falling for it.
.
--- SBBSecho 3.28-Linux
* Origin: End Of The Line BBS - endofthelinebbs.com (1:124/5016)