Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Trump stands to make $3.5 billion from his 60% share of Truth Social now that it has become a meme stock
www.msn.com ^ | 3/21/24 | Story by Paolo Confino

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 ...


TOPICS: Miscellaneous
KEYWORDS: djt; presidenttrump; trump; truthsocial
Navigation: use the links below to view more comments.
first 1-2021-4041-54 next last
On Friday, shareholders of Truth Social will vote on whether to merge with a Special Purpose Acquisition Company (SPAC) called Digital World Acquisition. The vote is almost certain to pass given the sky-high valuation.
1 posted on 03/22/2024 6:07:09 AM PDT by airdalecheif
[ Post Reply | Private Reply | View Replies]

To: airdalecheif

It’ll be way higher than that come Monday when it trades under the symbol djt


2 posted on 03/22/2024 6:09:10 AM PDT by spacejunkie2001
[ Post Reply | Private Reply | To 1 | View Replies]

To: airdalecheif

“Meme stock”???


3 posted on 03/22/2024 6:09:19 AM PDT by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
[ Post Reply | Private Reply | To 1 | View Replies]

To: airdalecheif

DWAC has been trading for years

https://www.nasdaq.com/market-activity/stocks/dwac


4 posted on 03/22/2024 6:11:11 AM PDT by JSM_Liberty
[ Post Reply | Private Reply | To 1 | View Replies]

To: spacejunkie2001

For those of us who own DWAC, do we have to do anything to get our money moved over to DJT?


5 posted on 03/22/2024 6:11:54 AM PDT by Dan in Wichita
[ Post Reply | Private Reply | To 2 | View Replies]

To: logi_cal869

Think Game Stop a couple of years ago. It’s where buying a stock goes viral, just to get it as high as possible. It’s the ultimate game of financial chicken.


6 posted on 03/22/2024 6:12:52 AM PDT by Codeflier (Don't worry....be happy )
[ Post Reply | Private Reply | To 3 | View Replies]

To: logi_cal869

LIVE

TABLE OF CONTENTS
INVESTING STOCKS
What Are Meme Stocks, and Are They Real Investments?
By ADAM HAYES Updated August 31, 2023
Reviewed by GORDON SCOTT
Meme Stocks
Investopedia / Paige McLaughlin

What Is a Meme Stock?
A meme stock refers to the shares of a company that have gained viral popularity due to heightened social sentiment. This social sentiment is usually due to activity online, particularly on social media platforms. These online communities can dedicate heavy research and resources toward a particular stock. Meme stocks often have heavier discourse and analysis in discussion threads on websites like Reddit and posts to followers on platforms like X (formerly Twitter) and Facebook.

https://www.investopedia.com/meme-stock-5206762


7 posted on 03/22/2024 6:13:39 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: airdalecheif

Merger

TMTG - Trump Media & Technology Group

DWAC


8 posted on 03/22/2024 6:14:29 AM PDT by linMcHlp
[ Post Reply | Private Reply | To 1 | View Replies]

To: airdalecheif

He should sell about $700 million of his holdings into the S1 offering (IPO).

Then, put up cash.

And, then appeal everything.


9 posted on 03/22/2024 6:14:59 AM PDT by Andy from Chapel Hill (Wind energy windmills remove the energy from the wind, which causes global warming.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dan in Wichita

Apparently not. Info provided by a broker.


10 posted on 03/22/2024 6:15:45 AM PDT by Lakeshark (Trump. He stands for the great issues of the day. Stay the course!)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Dan in Wichita

Merger

TMTG and DWAC

If merged, then DWAC stock exchange symbol changes to TMTG


11 posted on 03/22/2024 6:16:42 AM PDT by linMcHlp
[ Post Reply | Private Reply | To 5 | View Replies]

To: Andy from Chapel Hill

The way the stock is set up, he cannot sell for 6 months.


12 posted on 03/22/2024 6:17:36 AM PDT by mfish13 (Elections have Consequences.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Andy from Chapel Hill

He could also file a S-3 to sell his shares, assuming the IB/underwriter agrees.

He does control the majority of shares in TS.


13 posted on 03/22/2024 6:18:52 AM PDT by Andy from Chapel Hill (Wind energy windmills remove the energy from the wind, which causes global warming.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: airdalecheif

Can the judgement against him be appealed? I’m sure the hack “judge” could easily up it to $4B.


14 posted on 03/22/2024 6:19:55 AM PDT by hardspunned (Former DC GOP globalist stooge)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Codeflier; V_TWIN

Thanks. I wasn’t curious enough to look it up.

If this pans out, it would be the ultimate middle finger to leftists.


15 posted on 03/22/2024 6:20:52 AM PDT by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
[ Post Reply | Private Reply | To 6 | View Replies]

To: logi_cal869

I’m glad you asked....I didn’t know what it was either.

Interesting......too bad this didn’t happen sooner.


16 posted on 03/22/2024 6:25:28 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
[ Post Reply | Private Reply | To 15 | View Replies]

To: airdalecheif

Much of the rising valuations are boosted by Trump voters eager to support their candidate not just at the polls but in his latest business venture.


more votes for Trump.


17 posted on 03/22/2024 6:31:39 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: V_TWIN

Some might call it a ‘gift from God’ in the face of the evil he’s facing, regardless the fact that he’s certain to ultimately succeed on appeal after they’ve wrought their illegitimate punishment.


18 posted on 03/22/2024 6:32:19 AM PDT by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
[ Post Reply | Private Reply | To 16 | View Replies]

To: airdalecheif

This time around retail investors seem poised to do the same thing, but perhaps less so because of an internet trend and more so because of a presidential candidate who inspires inordinate amounts of loyalty among his followers.



19 posted on 03/22/2024 6:32:37 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dan in Wichita

Nope. Your shares will trade one for one on Monday to djt from dwac I will also remind you to call in this morning and vote if you haven’t voted your shares yet


20 posted on 03/22/2024 6:34:43 AM PDT by spacejunkie2001
[ Post Reply | Private Reply | To 5 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-54 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson