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 ...
It’ll be way higher than that come Monday when it trades under the symbol djt
“Meme stock”???
For those of us who own DWAC, do we have to do anything to get our money moved over to DJT?
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.
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
Merger
TMTG - Trump Media & Technology Group
DWAC
He should sell about $700 million of his holdings into the S1 offering (IPO).
Then, put up cash.
And, then appeal everything.
Apparently not. Info provided by a broker.
Merger
TMTG and DWAC
If merged, then DWAC stock exchange symbol changes to TMTG
The way the stock is set up, he cannot sell for 6 months.
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.
Can the judgement against him be appealed? I’m sure the hack “judge” could easily up it to $4B.
Thanks. I wasn’t curious enough to look it up.
If this pans out, it would be the ultimate middle finger to leftists.
I’m glad you asked....I didn’t know what it was either.
Interesting......too bad this didn’t happen sooner.
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.
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.
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.
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
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