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He can’t even save his own social media company. He’s lost $5 billion in less than a month. Even for a guy who bankrupted multiple casinos, that’s an achievement.
And tax write-off sink holes, as he loves to over-value for loans and then under value for tax breaks (ex. - what he did in NY and is currently appealing the judgement against him). And losses would lower that tax burden even further.
He can’t even save his own social media company. He’s lost $5 billion in less than a month. Even for a guy who bankrupted multiple casinos, that’s an achievement.
Someone here pointed out that these losses are money laundering wins. I now have a different view on the “failed” casinos.
And tax write-off sink holes, as he loves to over-value for loans and then under value for tax breaks (ex. - what he did in NY and is currently appealing the judgement against him). And losses would lower that tax burden even further.