Posted on 03/22/2024 6:07:09 AM PDT by airdalecheif
Former President Donald Trump’s social media platform Truth Social is preparing to go public at a current valuation of $6 billion. Trump himself would own about 60% of Truth Social were it to go public, which would ultimately net him a possible $3.5 billion.
(Excerpt) Read more at msn.com ...
amen bro (or sis). the company is TMTG but the symbol Monday will be DJT
DJT it is.
It’s VERY over-priced
People should not invest more than they’d be willing to GIVE Trump as a donation… since, it will likely disappear
DWAC has been trading as a special acquisition company (AC) it has little assets beyond its own stock. People buy the stock and drive the price up, on the hope it will acquire a profitable business with its stock. Which it is now trying to do buying (merging actually) with Truth Social. None of this is unusual companies buy other companies with their own stock all the time.
You don’t have to do anything other than vote as a shareholder (if you want). If the deal goes through DWAC will give shares to Trump and his investors to buy Truth. Shareholders don’t have to do anything. One day your account will stop showing DWAC in your account and instead it will probably show DJT as the new ticker symbol.
Caution though, it may become volatile it could go up or down depending on market sentiment of the merger.
I don’t know what the market will think Truth is worth. With X being an open forum now, the need for alternative platforms declines imho. But it could prove valuable as a going concern to a niche market. I don’t know only time will tell.
Also, how much dilution will occur? It says Trump will get 60% of the new company so i imagine they will issue 60% more shares. Depending on what the market thinks of the merger and the viability of Truth the stock price could drop by 60% unless there is more demand for shares. This is just economics. If they issue 60% more shares all the shares are worth 60% less unless the market thinks the new asset adds 60% more value. Drug companies do this all the time, they buy startup drug companies with their own stock. Usually it’s good for both companies the startup gets a price, and the old drug company gets a new asset that the market things is likely to get approved and generate new revenues treating a new market of illness.
Probably just money. MSN buys these old stories to sell ads to their audience and Fortune gets to sell an unproductive asset (the news story) that its audience has already read or tired of. It is worth more to MSN than Fortune at this point so they sell it.
Probably just money.
Note the picture they chose.
some one thought it worked for their side and was bad for Trump. Probably supported with a focus group. They do nothing without a focus group.
1 VOTE, ONE IPO and six month stock sale waiver,the bond will be made.
Letitia dahling is shit*ing bricks.
Her little “get Trump” fascist world is slipping away.
People should not invest more than they’d be willing to GIVE Trump as a donation… since, it will likely disappear
But as always it is the leadership. Trump has proven staying power, and market wants a free communication site.
It may have staying power with conservatives. Liberals are fickle.
Place your bets.
Much appreciated info! Thanks!
He might be able to get loans for the stock he owns though.
Yep. Many possibilities.
How much can Devin Nunes make? He deserves every penny.
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