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Trump media partner says it has lined up $1B in capital
The Intelligencer ^ | Dec. 4, 2021 1:39 p.m.

Posted on 12/04/2021 12:07:11 PM PST by conservative98

PALM BEACH, Florida (AP) — Donald Trump’s new social media company and its special purpose acquisition company partner say the partner has agreements for $1 billion in capital from institutional investors.

The former president launched his new company, Trump Media & Technology Group, in October. He unveiled plans for a new messaging app called “Truth Social” to rival Twitter and the other social media platforms that banned him following the Jan. 6 insurrection at the U.S. Capitol.

[cut]

Trump is listed as chair of TMTG. He will get tens of millions in special bonus shares if the combined company performs well, handing the former president possibly billions of dollars in paper wealth

(Excerpt) Read more at theintelligencer.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: trump; truthsocial; twitter
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To: carriage_hill

Discussion on it:
https://freerepublic.com/focus/f-news/4005563/posts

You still have time. I’d get in before it’s too late. It should go way up again after the app goes live next year.


61 posted on 12/04/2021 3:00:31 PM PST by conservative98
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To: carriage_hill

perfect, yw.

it should move on monday as they finalized a funding round and the news about rumble came out friday as well.


62 posted on 12/04/2021 3:13:25 PM PST by spacejunkie2001
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bkmk


63 posted on 12/04/2021 3:26:25 PM PST by Faith65 (Isaiah 40:31 )
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To: PIF

Who knows? Maybe Bohai Harvest bought some of the stock?

Will the “big guy” get his cut?


64 posted on 12/04/2021 4:01:55 PM PST by thinden
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To: thinden

Maybe Bohai Harvest bought some of the stock? Will the “big guy” get his cut?


The big guy in this case is Xi Jinping who, through his edict, controls all Chinese companies.


65 posted on 12/04/2021 4:06:26 PM PST by PIF (They came for me and mine ... now its your turn)
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To: PIF

I would hope Trump knows what you know about China involvement. But, we know he has been surrounded by bad people and he should have known better.

If I’m practical I should put a little money into the venture...with fingers crossed.


66 posted on 12/04/2021 6:19:28 PM PST by WHATNEXT?
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To: spacejunkie2001

He and I are pretty much in sync with my wishes.

I can’t believe the price of TMTG... am I reading that correctly? What’s your opinion of why it’s less than chump change?


67 posted on 12/04/2021 7:19:42 PM PST by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: wiseprince
“Rumble is purely political. You have to have gaming, music, sports comedy, old videos, old popular commercials etc. Those videos don't even belong to YouTube. Download them and upload them to rumble. Without a cultural component it won't be successful.”

Its starting to get some of those vids but not fast. I've started posting my gaming vids on there. It'll take time to unravel YouTube's hold.

68 posted on 12/04/2021 10:34:01 PM PST by jetvol1
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To: carriage_hill

It’s trading at 45 which is about a 6b cap. There is no revenue yet ad the merger hasn’t happened


69 posted on 12/05/2021 4:56:08 AM PST by spacejunkie2001
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To: spacejunkie2001

Now’s the time to buy, IMO. Your opinion?


70 posted on 12/05/2021 5:49:10 AM PST by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: carriage_hill

sure seems that way


71 posted on 12/05/2021 6:40:19 AM PST by spacejunkie2001
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To: conservative98

He has to have a name of the site that people can easily remember and pronounce.


72 posted on 12/05/2021 7:06:53 PM PST by minnesota_bound (I need more money. )
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To: carriage_hill

well? :) did you get in? it’s been on a tear the last couple of days


73 posted on 12/08/2021 12:37:56 PM PST by spacejunkie2001
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To: spacejunkie2001

I’m still 35% in cash, but did buy Vista Outdoor and Olin ammo, before they went back up. I’m still watching opportunities.


74 posted on 12/08/2021 1:53:11 PM PST by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: spacejunkie2001; traderrob6

just read somewhere that melanie opened a personal account on parler yesterday (pearl harbor day) leading to speculation that trump media will add parler to his platform????

will be interesting to watch this build out.


75 posted on 12/08/2021 1:57:37 PM PST by thinden
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To: carriage_hill

did you buy DWAC??


76 posted on 12/08/2021 2:14:06 PM PST by spacejunkie2001
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To: thinden

agreed it will be interesting. not sure they’ll buy parler but they dern sure aren’t buying gab. that guy is an idiot.


77 posted on 12/08/2021 2:15:19 PM PST by spacejunkie2001
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To: spacejunkie2001

agreed it will be interesting. not sure they’ll buy parler but they dern sure aren’t buying gab. that guy is an idiot.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxx

I’m not into social media, so don’t understand much about various platforms, but I figured trump media would pick up GETTR.

do GETTR & parler do the same thing????

here’s my base case:

Trump is a builder & developer.
by nature, builders & developers have to have plans & specifications on the project leading them to the final product.

same was in his entertainment platform. imo, he has a clear vision and plan on what the final product will be and every step of the way is in the plans


78 posted on 12/08/2021 2:36:00 PM PST by thinden
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To: spacejunkie2001

I bought 100 shares at $51.50


79 posted on 12/08/2021 2:39:44 PM PST by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: spacejunkie2001; traderrob6; carriage_hill

agreed it will be interesting. not sure they’ll buy parler but they dern sure aren’t buying gab. that guy is an idiot.

^^^^^^^^^^^^^^^^^^

speaking of interesting developments re: trump media....

I noticed former DBI for trump, Ric Grenel has joined News Max as a national security contributor and executive for international partnerships.

the “executive for international partnerships” angle is what caught my attention.

News Max could be a nice fit into Trump’s the Truth media group

https://www.newsmax.com/newsfront/ric-grenell-newsmax-tv-vp-analyst/2021/12/15/id/1048821/


80 posted on 12/19/2021 8:23:10 AM PST by thinden
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