Trump’s Social Media Company to Start Trading Under ‘DJT’ Tomorrow, Expected to Earn Him Billions

[Missourian]

It will be interesting to see how a company with negative EBITDA sustains a positive market cap.

^^^ Exhibit A.

 

[surada]

It will be interesting to see how a company with negative EBITDA sustains a positive market cap.

https://www.fastcompany.com/91068535/truth-social-profit-dwac-stock-merger-date-nears-spac-risky-track-record

Initial estimates indicate that Trump himself could reap billions from the SPAC transaction. But investors who may be looking to likewise cash in on any MAGA-fueled market movements this week might first want to consider the track record of SPAC-related stock performances. Because SPAC returns have, in many respects, often left investors holding the bag.

SPAC mergers, which act as a sort of backdoor way for companies to list their stock on a public exchange while eschewing the traditional IPO process, were immensely popular in 2020 and 2021. During those two years, more than 850 companies went public via SPAC mergers, according to data from SPAC Insider. But they’ve since fallen out of favor, with only 31 SPAC mergers last year, and five so far in 2024.

 

[Missourian]

You think he can just cash out as soon as they go public?

As part of the deal he has to wait 90 days...but there is a rider that the board can allow him to start selling his shares almost immediately.

 

[ElmerMudd]

sorta like the clinton foundation, and the pelosi's who have gotten filthy rich by insider trading.
Go pedal your high road some where else

Clinton and Pelosi have foundations that are 501(c) (3), non profits. You have to meet requirements of a certain % of proceeds going to legitimate charity or you are closed down. Their's have met requirements for years.
Trump foundation was closed and fined for not meeting 501c3 requirements. Too high of the foundation proceeds were going to Donald Trump.
Clintons and Pelosi's have made big money in many business ventures but never went bankrupt leaving small businesses not being paid while they made money.
Trump has done that 3 times.

Do your homework before you make stupid statements

 

[tyroneweaver]

Clinton and Pelosi have foundations that are 501(c) (3), non profits. You have to meet requirements of a certain % of proceeds going to legitimate charity or you are closed down. Their's have met requirements for years.
Trump foundation was closed and fined for not meeting 501c3 requirements. Too high of the foundation proceeds were going to Donald Trump.
Clintons and Pelosi's have made big money in many business ventures but never went bankrupt leaving small businesses not being paid while they made money.
Trump has done that 3 times.

Do your homework before you make stupid statements

bullshit.

 

[ElmerMudd]

bullshit.

Every thing I noted is fact not opinion.
You cannot deal with the truth. You are too weak.

 

[Moonglow]

It will be interesting to see how a company with negative EBITDA sustains a positive market cap.

Sheer personality

 

[Moonglow]

bullshit.

That explains it all.

 

[Curried Goats]

As part of the deal he has to wait 90 days...but there is a rider that the board can allow him to start selling his shares almost immediately.

He has to get approval from the board and the board has to release that information to the public. What do you think happens to those shares the moment the news hits Trump is cashing out?

 

[Care4all]

What is this SHELL company he's merging with?

What does SHELL COMPANY mean in this particular case?!? (the Shell part?).

SPAC? What does SPAC stand for, also?

(I'm not a stock market knowledgeable person, other than what's bought in funds through my 401 Ks, so please explain at a kindergartener level)

 

[Cellblock2429]

You think he can just cash out as soon as they go public?

/---/ No, dumbazz. There is a 6 month lockup.

 

[Cellblock2429]

What is this SHELL company he's merging with?

What does SHELL COMPANY mean in this particular case?!? (the Shell part?).

SPAC? What does SPAC stand for, also?

(I'm not a stock market knowledgeable person, other than what's bought in funds through my 401 Ks, so please explain at a kindergartener level)

/----/ Google is your friend.

Digital World Acquisition Corp. (DWAC) - Yahoo Finance​

DWAC is a special purpose acquisition company that plans to merge with Truth Social, a social media platform founded by former President Trump. Get the latest DWAC stock quote, news, analysis, and performance outlook on Yahoo Finance.

What Is a Shell Corporation? How It's Used, Examples and Legality​

Jul 17, 2022A shell corporation is a corporation without active business operations or significant assets. It can be used for legitimate reasons, such as tax avoidance, fundraising or going public, or for illegal purposes, such as hiding

 

[Zincwarrior]

Sheer personality

For awhile.

 

[Marener]

/---/ No, dumbazz. There is a 6 month lockup.

Unless the board decides otherwise.

 

[Zincwarrior]

Unless the board decides otherwise.

Marener is correct on that. One issue of course is that selling a material block of stock will likely send the stock into a tailspin. The major holders will sell blocks and it all crashes.

 

[Cellblock2429]

Marener is correct on that. One issue of course is that selling a material block of stock will likely send the stock into a tailspin. The major holders will sell blocks and it all crashes.

/——/ Which is why Trump wouldn’t do that. But, the Trump Haters think they are smarter than a guy who made $3 billion in one day.

 

[Marener]

Marener is correct on that. One issue of course is that selling a material block of stock will likely send the stock into a tailspin. The major holders will sell blocks and it all crashes.

True. We just dont know how much cash Trump’s zombies are willing to flush down the hole for him.

 

[Marener]

/——/ Which is why Trump wouldn’t do that. But, the Trump Haters think they are smarter than a guy who made $3 billion in one day.

If everyone agrees he can’t actually sell the stock for $3 billion, then he didnt make $3 billion in one day.

Trump’s greatest strength is his ability to play people. Thats all this is.

 

[Cellblock2429]

If everyone agrees he can’t actually sell the stock for $3 billion, then he didnt make $3 billion in one day.

Trump’s greatest strength is his ability to play people. Thats all this is.

/—-/ Why would he want to? You Trump Haters are working your self into a lather about something that won’t happen. Funny stuff.

 

[Marener]

/—-/ Why would he want to? You Trump Haters are working your self into a lather about something that won’t happen. Funny stuff.

Because he wants the money, obviously.