Trump owns like 55%. If twitter can’t make it as a mainstream platform, untruth Social is F’d. It’s a niche customer who has no money and advertisers are repulsed by. It’s a dumpster fire.
Trump Is in Line for a $3.5 Billion Windfall From Stake in Truth Social
- Thread starter iku
- Start date
bendog
Diamond Member
Trump supporters will swallow anything, but I don't think they are where the money's at to buy the stock. We'll see. Of course they'll spend a couple hundred for crappy vodka or shoes
JoeB131
Diamond Member
The problem is, Trump can't use that money to pay off his debts.
www.salon.com
The company, which owns Trump’s Truth Social platform, will trade on the stock market. The deal is expected to inject more than $300 million into Trump Media, which has “all but exhausted its available cash,” and allow Truth Social to keep operation, according to the report.
“Any lockup change or waiver will be decided by the post-merger company’s board, which will be stocked with Trump allies,” The Washington Post reported, including Trump’s son Donald Jr., and former administration officials Robert Lighthizer, Linda McMahon and Kash Patel.
But even if Trump gets a waiver, he wouldn’t be able to sell more than a small fraction of his stake at any given time — up to 1% of the outstanding shares every quarter, Politico reported. And if he eventually seeks to unload a large quantity of stock it could scare off investors and hurt the company’s value because “it’s simply trading on Trump’s name,” Kristi Marvin, founder of research firm SPACInsider, told the outlet.
“Critics have said Trump Media is a ‘meme stock’ with a more than $6 billion valuation they say is out of sync with its financial outlook. Trump Media lost $49 million in the first nine months of last year and brought in $3.4 million in revenue,” the Post reported.
Joe's Comment: Seriously, this looks like some serious shenanigans here.
The company invests $300MM, but it turns into 5 Billion in stock, even though the company LOSES money on a consistent basis?
Trump cashes in â but can't use Truth Social payout for $454M penalty
Trump is barred from selling shares for six months — and could only sell a small fraction if he's given a waiver.
www.salon.com
The company, which owns Trump’s Truth Social platform, will trade on the stock market. The deal is expected to inject more than $300 million into Trump Media, which has “all but exhausted its available cash,” and allow Truth Social to keep operation, according to the report.
“Any lockup change or waiver will be decided by the post-merger company’s board, which will be stocked with Trump allies,” The Washington Post reported, including Trump’s son Donald Jr., and former administration officials Robert Lighthizer, Linda McMahon and Kash Patel.
But even if Trump gets a waiver, he wouldn’t be able to sell more than a small fraction of his stake at any given time — up to 1% of the outstanding shares every quarter, Politico reported. And if he eventually seeks to unload a large quantity of stock it could scare off investors and hurt the company’s value because “it’s simply trading on Trump’s name,” Kristi Marvin, founder of research firm SPACInsider, told the outlet.
“Critics have said Trump Media is a ‘meme stock’ with a more than $6 billion valuation they say is out of sync with its financial outlook. Trump Media lost $49 million in the first nine months of last year and brought in $3.4 million in revenue,” the Post reported.
Joe's Comment: Seriously, this looks like some serious shenanigans here.
The company invests $300MM, but it turns into 5 Billion in stock, even though the company LOSES money on a consistent basis?
Today Trump says he has $400 million cash.
There's something wrong here. Is it a shell company?
/cloudfront-us-east-1.images.arcpublishing.com/morningstar/2OX3FTBBTDIOMUMSJJFHKFC5FE.jpg)
How to Lose Money: Buy Digital World Acquisition Corp.
The odds are stacked against public shareholders.
Take a look. You probably understand this better than me.
How to Lose Money: Buy Digital World Acquisition Corp.
The odds are stacked against public shareholders.
How to Lose Money: Buy Digital World Acquisition Corp.
The odds are stacked against public shareholders.
Lolol
How to Lose Money: Buy Digital World Acquisition Corp.
The odds are stacked against public shareholders.
Want to Lose Money? Buy the Trump-linked SPAC
The odds are stacked against public shareholders
www.morningstar.co.uk
crossbody
Diamond Member
- Jan 30, 2024
- 4,970
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- 1,938
On Monday, March 25, 2024 President Donald J.Trump will add more than 3 Billion to his net worth as his "Truth Social Company" goes Public on the Stock Exchange making Truth Social worth 5.5 Billion.
Isn't it amazing how this all started from President Trump getting banned from Twitter (X) and other sites. Then he does the unthinkable and creates his own social media site, and dominates with it as both democrats and republicans ran to join it. You know democrats just cannot resist anything associated with Trump. This is Trumps three billion dollar ban blessing.
finance.yahoo.com
Isn't it amazing how this all started from President Trump getting banned from Twitter (X) and other sites. Then he does the unthinkable and creates his own social media site, and dominates with it as both democrats and republicans ran to join it. You know democrats just cannot resist anything associated with Trump. This is Trumps three billion dollar ban blessing.
Trump could get $3.5 billion in Truth Social merger. Here's what to know.
Shareholders in Digital World Acquisition Corp. on Friday approved a merger with former President Donald Trump's media group.
crossbody
Diamond Member
- Jan 30, 2024
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There are no threads about Trump's ban blessing.
crossbody
Diamond Member
- Jan 30, 2024
- 4,970
- 4,368
- 1,938
Yep! and some times two steps ahead of them
crossbody
Diamond Member
- Jan 30, 2024
- 4,970
- 4,368
- 1,938
President Trump's entire presidency outsmarted those democrats.
Trump helped Israel in getting U.S. Embassy in Jerusalem and President Trump recognized Jerusalem as the capital of Israel.
Most of all Trump dismantled their Baal Worship of murdering babies killing their abortion law. Trump got rid of Roe v. Wade. Trump got rid of the swamp. Trump did everything God told him to do.
Trump helped Israel in getting U.S. Embassy in Jerusalem and President Trump recognized Jerusalem as the capital of Israel.
Most of all Trump dismantled their Baal Worship of murdering babies killing their abortion law. Trump got rid of Roe v. Wade. Trump got rid of the swamp. Trump did everything God told him to do.
crossbody
Diamond Member
- Jan 30, 2024
- 4,970
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There are times when we have lots a job or gotten rejected, and President Trump is our college course 101 "Investing In Yourself" after doors get closed on you.
Turn your bans into bubbles $$$$$$
Trump did this with the help fo his enemies... that is Biblical. God says I will make your enemies your footstool.
Turn your bans into bubbles $$$$$$
Trump did this with the help fo his enemies... that is Biblical. God says I will make your enemies your footstool.
Last edited:
1srelluc
Diamond Member
In before.....REEEEEEEEEEEEEEE!
Lesh
Diamond Member
- Dec 21, 2016
- 91,482
- 45,903
- 2,615
He won’t see any money from this for a long timeOn Monday, March 25, 2024 President Donald J.Trump will add more than 3 Billion to his net worth as his "Truth Social Company" goes Public on the Stock Exchange making Truth Social worth 5.5 Billion.
Isn't it amazing how this all started from President Trump getting banned from Twitter (X) and other sites. Then he does the unthinkable and creates his own social media site, and dominates with it as both democrats and republicans ran to join it. You know democrats just cannot resist anything associated with Trump. This is Trumps three billion dollar ban blessing.
Trump could get $3.5 billion in Truth Social merger. Here's what to know.
Shareholders in Digital World Acquisition Corp. on Friday approved a merger with former President Donald Trump's media group.
And it’s likely not worth anything close to what they’re saying anyway
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