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Trump Wants More Of Your Money

g5000

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To get his social media company, Trump Media & Technology Group (TMTG), off the ground, a Special Purpose Acquisition Company (SPAC) created by two hedge funds launched Digital World Acquisition Corp (DWAC) and succeeded in getting listed on NASDAQ.

At their IPO of DWAC, the price was at $10. Then it dropped to $9. Then meme investors lost their minds and shot the price all the way to $157.50 in two days.

The purpose of a SPAC is to raise cash and find a private company to merge with. When the merger between DWAC and TMTG was announced a few days ago, DWAC's price began dropping. It is now at $83.86. Two hedge funds are now shorting DWAC.

The merger of DWAC and TMTG will most likely result in Trump having majority control of the two, and all the money, and that is why confidence is dropping.

Even so, the market cap of DWAC is an astonishing $2.71 billion.

A textbook meme stock whose value is not determined by fundamentals but instead by hype.

TMTG has issued a presentation deck to brag about its impending launch. You will notice there isn't a single prediction of revenues. Just a lot of hype. That is pure Trump.

Will TMTG go the way of Trump Vodka? Or will it get the tens of millions of subscribers Trump claims it will get?

You can read Trump's presentation deck here: Company Overview

It has lots of pictures for Trumpies and is short on text. Classic Trump style.

More reading:

"We are short $DWAC," Iceberg said in a tweet. "Now that initial excitement has passed, we see only risks for investors in near future. Based on Trump's track record, at current price, renegotiation is likely to keep more of the merged company for him."

In a second tweet, the short seller said, "No opinion on the probability of success of TMTG. But SPAC holders don't own a piece of this project yet. Trump has leverage, not them." The tweets offered a word of caution specifically to retail investors.



Last week, at least two hedge funds that were among DWAC’s biggest investors — Lighthouse Investment Partners and Saba Capital Management — dumped shares in the SPAC after learning of its plans to merge with Trump’s company.

“Many investors are grappling with hard questions about how to incorporate their values into their work. For us, this was not a close call,”
Saba Capital founder Boaz Weinstein wrote in an email statement cited by Bloomberg.



Digital World (symbol DWAC) raised $299 million on September 8 when it sold 29.9 million shares at $10 each. It appears from TMTG’s press release that essentially all the money that was raised will be available for TMTG to use. The devil will be in the details with the soon to be published SEC filings.
 
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g5000

g5000

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TMTG is not just going to be a Twitter and Facebook competitor. It is also promising a streaming video service, with movies, "documentaries" and "news".
 
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g5000

g5000

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Crepitus

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TMTG is not just going to be a Twitter and Facebook competitor. It is also promising a streaming video service, with movies, "documentaries" and "news".
It's going to be a flop.
 
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g5000

g5000

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It's going to be a flop.
Could go either way. But it will definitely be a major source of manufactured bullshit which will be incessantly parroted on this and other forums.
 

Toddsterpatriot

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To get his social media company, Trump Media & Technology Group (TMTG), off the ground, a Special Purpose Acquisition Company (SPAC) created by two hedge funds launched Digital World Acquisition Corp (DWAC) and succeeded in getting listed on NASDAQ.

At their IPO of DWAC, the price was at $10. Then it dropped to $9. Then meme investors lost their minds and shot the price all the way to $157.50 in two days.

The purpose of a SPAC is to raise cash and find a private company to merge with. When the merger between DWAC and TMTG was announced a few days ago, DWAC's price began dropping. It is now at $83.86. Two hedge funds are now shorting DWAC.

The merger of DWAC and TMTG will most likely result in Trump having majority control of the two, and all the money, and that is why confidence is dropping.

Even so, the market cap of DWAC is an astonishing $2.71 billion.

A textbook meme stock whose value is not determined by fundamentals but instead by hype.

TMTG has issued a presentation deck to brag about its impending launch. You will notice there isn't a single prediction of revenues. Just a lot of hype. That is pure Trump.

Will TMTG go the way of Trump Vodka? Or will it get the tens of millions of subscribers Trump claims it will get?

You can read Trump's presentation deck here: Company Overview

It has lots of pictures for Trumpies and is short on text. Classic Trump style.

More reading:

"We are short $DWAC," Iceberg said in a tweet. "Now that initial excitement has passed, we see only risks for investors in near future. Based on Trump's track record, at current price, renegotiation is likely to keep more of the merged company for him."

In a second tweet, the short seller said, "No opinion on the probability of success of TMTG. But SPAC holders don't own a piece of this project yet. Trump has leverage, not them." The tweets offered a word of caution specifically to retail investors.



Last week, at least two hedge funds that were among DWAC’s biggest investors — Lighthouse Investment Partners and Saba Capital Management — dumped shares in the SPAC after learning of its plans to merge with Trump’s company.

“Many investors are grappling with hard questions about how to incorporate their values into their work. For us, this was not a close call,”
Saba Capital founder Boaz Weinstein wrote in an email statement cited by Bloomberg.



Digital World (symbol DWAC) raised $299 million on September 8 when it sold 29.9 million shares at $10 each. It appears from TMTG’s press release that essentially all the money that was raised will be available for TMTG to use. The devil will be in the details with the soon to be published SEC filings.

Two hedge funds are now shorting DWAC.

Only two?
 

Crepitus

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Could go either way. But it will definitely be a major source of manufactured bullshit which will be incessantly parroted on this and other forums.
His target demographic needs the grandkids to help.them with Facebook. Nobody's gonna switch.
 
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g5000

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Burgermeister

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Biden wants to take money by force of government based on unrealized capital gains - money that you don't even have - and Trump wants more of your money because he has an IPO? More irrational shit.
 
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g5000

g5000

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g5000

g5000

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Biden wants to take money by force of government based on unrealized capital gains - money that you don't even have - and Trump wants more of your money because he has an IPO? More irrational shit.
Were you an enrollee of Trump University by any chance?
 

JustAGuy1

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To get his social media company, Trump Media & Technology Group (TMTG), off the ground, a Special Purpose Acquisition Company (SPAC) created by two hedge funds launched Digital World Acquisition Corp (DWAC) and succeeded in getting listed on NASDAQ.

At their IPO of DWAC, the price was at $10. Then it dropped to $9. Then meme investors lost their minds and shot the price all the way to $157.50 in two days.

The purpose of a SPAC is to raise cash and find a private company to merge with. When the merger between DWAC and TMTG was announced a few days ago, DWAC's price began dropping. It is now at $83.86. Two hedge funds are now shorting DWAC.

The merger of DWAC and TMTG will most likely result in Trump having majority control of the two, and all the money, and that is why confidence is dropping.

Even so, the market cap of DWAC is an astonishing $2.71 billion.

A textbook meme stock whose value is not determined by fundamentals but instead by hype.

TMTG has issued a presentation deck to brag about its impending launch. You will notice there isn't a single prediction of revenues. Just a lot of hype. That is pure Trump.

Will TMTG go the way of Trump Vodka? Or will it get the tens of millions of subscribers Trump claims it will get?

You can read Trump's presentation deck here: Company Overview

It has lots of pictures for Trumpies and is short on text. Classic Trump style.

More reading:

"We are short $DWAC," Iceberg said in a tweet. "Now that initial excitement has passed, we see only risks for investors in near future. Based on Trump's track record, at current price, renegotiation is likely to keep more of the merged company for him."

In a second tweet, the short seller said, "No opinion on the probability of success of TMTG. But SPAC holders don't own a piece of this project yet. Trump has leverage, not them." The tweets offered a word of caution specifically to retail investors.



Last week, at least two hedge funds that were among DWAC’s biggest investors — Lighthouse Investment Partners and Saba Capital Management — dumped shares in the SPAC after learning of its plans to merge with Trump’s company.

“Many investors are grappling with hard questions about how to incorporate their values into their work. For us, this was not a close call,”
Saba Capital founder Boaz Weinstein wrote in an email statement cited by Bloomberg.



Digital World (symbol DWAC) raised $299 million on September 8 when it sold 29.9 million shares at $10 each. It appears from TMTG’s press release that essentially all the money that was raised will be available for TMTG to use. The devil will be in the details with the soon to be published SEC filings.

How much are you willing to give Joe?
 
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g5000

g5000

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How much are you willing to give Joe?
ZERO. Nada. Zilch. Nothing.

I voted for Jo Jorgensen. The only honest candidate in this whole mess. She didn't stand a chance.
 
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WillHaftawaite

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Could go either way. But it will definitely be a major source of manufactured bullshit which will be incessantly parroted on this and other forums.
But it will definitely be a major source of manufactured bullshit which will be incessantly parroted on this and other forums.

Pretty much the same reason they watch Fox News

Dems got to get their talking points somewhere.
 
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g5000

g5000

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struth

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TMTG is not just going to be a Twitter and Facebook competitor. It is also promising a streaming video service, with movies, "documentaries" and "news".
cool…i’ll wait and see what the product looks like, but always encouraged to see folks looking to break in the market and offer alternatives to the status que that seems to have jumped the shark
 

whitehall

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Whatever Trump's investment portfolio indicates, you can bet your own ass(ets) that it will be scrutinized by every Federal agency available to the democrat party and Biden administration. Trump has no political power while the current president's son is under criminal investigation for money laundering from selling junk art work for six figures to the right customer.
 

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