9 replies to this topic

[Victoria Watcher]

Former U.S. President Donald Trump came a step closer on Friday to reaping a major windfall from his social media firm after investors in a blank-check acquisition company approved a tie-up currently worth about US$5.7 billion.

 

The deal values Trump's majority stake in the company that holds his app Truth Social at about US$3.3 billion. The windfall could prove vital as Trump grapples with the financial fallout of a string of legal cases against him, including a US$454 million judgment in a civil fraud case in New York.

 

 

 

https://www.ctvnews....-deal-1.6818142

Edited by Victoria Watcher, 22 March 2024 - 11:11 PM.

[G-Man]

How is that even possible? I mean it has almost no one going there and no chance for growth. It has one target market in one country.

[dasmo]

Eventually everyone starts to realize it’s clown world. Just from different angles….

[aastra]

 

I mean it has almost no one going there and no chance for growth.

 

Facebook, Twitter, etc. For every one real person participating there are a thousand fakes.

 

It's all just theater. Get up out of your seat and walk out the door and reality will be right there waiting for you.

[Nparker]

You may not be familiar with the reality in my 'hood. I'll take my chances with the fakes.

[Victoria Watcher]

Trump's wealth soars as his social media company jumps nearly 50% in its first day of trading

Before trading began, Trump Media had a market value of about $6.8 billion, a figure that will rise significantly if the early gains in the shares hold


https://nationalpost...-begins-trading

Edited by Victoria Watcher, 26 March 2024 - 06:26 AM.

[LJ]

Trump is selling bibles now...

 

https://apnews.com/a...0f024efb1ca3003

[Victoria Watcher]

TMTG, which trades on the Nasdaq under the symbol "DJT," reported it brought in $4.1 million in revenue in 2023 but had an operating loss of more than $58 million.


https://www.foxbusin...tock-taking-hit

Edited by Victoria Watcher, 01 April 2024 - 02:12 PM.

[Mike K.]

That’s the case for all tech startups, isn’t it?

Twitter sold for $43 billion, but in its most recent year as a private company (2021) had lost $220 million.

[dasmo]

How much the company loses is the new measure of worth in clown world.....