Current Events > Truth Social goes public; Trump set to net billions

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[deleted] 03/22/24 10:01:45 AM #13:	[deleted] <cite>[deleted] posted [p:979505949] in Truth Soci... [t:80727896]...</cite> <quote>[deleted]</quote> ... Copied to Clipboard!
Fin_Dawg_004 03/22/24 12:33:29 PM #1:	https://news.yahoo.com/trump-line-3-billion-windfall-152047339.html One important caveat: As hes currently drowning in a sea of legal bills, the merger may become a critical source of cash-on-hand for the former president, with one major caveat: He would only be able to cash out on his shares six months after the union officially goes public. --- ? <cite>Fin_Dawg_004 posted [p:979505586] in Truth Soci... [t:80727896]...</cite> <quote>https://news.yahoo.com/trump-line-3-billion-windfall-152047339.htmlOne important caveat:As hes currently drowning in a sea of legal bills, the merger may become a critical source of cash-on-hand for the former president, with one major caveat: He would only be able to cash out on his shares six months after the union officially goes public. </quote> ... Copied to Clipboard!
LeCh0nk 03/22/24 12:37:41 PM #2:	Who decided it's worth 3B? Like people would have to be willing to pay what he thinks it's worth, and that number will probably get lower and lower before he's able to sell. --- @('_')@ <cite>LeCh0nk posted [p:979505649] in Truth Soci... [t:80727896]...</cite> <quote>Who decided it's worth 3B? Like people would have to be willing to pay what he thinks it's worth, and that number will probably get lower and lower before he's able to sell. </quote> ... Copied to Clipboard!
ssb_yunglink2 03/22/24 12:38:53 PM #3:	LeCh0nk posted... Who decided it's worth 3B? Like people would have to be willing to pay what he thinks it's worth, and that number will probably get lower and lower before he's able to sell. yeah where the fuck is the value? Literally the only reason i know that people care about it Trump posts. Thats not worth billions of dollars --- Hee Ho <cite>ssb_yunglink2 posted [p:979505673] in Truth Soci... [t:80727896]...</cite> <quote>LeCh0nk posted... </cite><quote>Who decided it's worth 3B? Like people would have to be willing to pay what he thinks it's worth, and that number will probably get lower and lower before he's able to sell.</quote>yeah where the fuck is the value? Literally the only reason i know that people care about it Trump posts. Thats not worth billions of dollars </quote> ... Copied to Clipboard!
Rexdragon125 03/22/24 12:39:19 PM #4:	LeCh0nk posted... Who decided it's worth 3B? Like people would have to be willing to pay what he thinks it's worth, and that number will probably get lower and lower before he's able to sell. Russian oligarchs probably <cite>Rexdragon125 posted [p:979505685] in Truth Soci... [t:80727896]...</cite> <quote>LeCh0nk posted... </cite><quote>Who decided it's worth 3B? Like people would have to be willing to pay what he thinks it's worth, and that number will probably get lower and lower before he's able to sell.</quote>Russian oligarchs probably</quote> ... Copied to Clipboard!
UnholyMudcrab 03/22/24 12:40:03 PM #5:	He will not, in fact, net billions. --- http://i.imgur.com/VeNBg.gif http://i.imgur.com/gd5jC8q.gif http://i.imgur.com/PKIy7.gif http://i.imgur.com/3p29JqP.gif <cite>UnholyMudcrab posted [p:979505702] in Truth Soci... [t:80727896]...</cite> <quote>He will not, in fact, net billions. </quote> ... Copied to Clipboard!
Daremo 03/22/24 12:40:39 PM #6:	This is going to be the best thing since Pets.com's IPO. --- Cynic, n. A blackguard whose faulty vision sees things as they are, not as they ought to be. - Ambrose Bierce, The Devil's Dictionary <cite>Daremo posted [p:979505712] in Truth Soci... [t:80727896]...</cite> <quote>This is going to be the best thing since Pets.com's IPO. </quote> ... Copied to Clipboard!
FortuneCookie 03/22/24 12:40:53 PM #7:	And all of the joy and excitement gave the poor former president a fatal heart attack. How sad. <_< <cite>FortuneCookie posted [p:979505716] in Truth Soci... [t:80727896]...</cite> <quote>And all of the joy and excitement gave the poor former president a fatal heart attack. How sad.<_<</quote> ... Copied to Clipboard!
Umbreon 03/22/24 12:42:25 PM #8:	The desperation is real. --- Black Lives Matter. ~DYL~ (On mobile) <cite>Umbreon posted [p:979505750] in Truth Soci... [t:80727896]...</cite> <quote>The desperation is real. </quote> ... Copied to Clipboard!
itachi15243 03/22/24 12:44:48 PM #9:	LeCh0nk posted... Who decided it's worth 3B? Like people would have to be willing to pay what he thinks it's worth, and that number will probably get lower and lower before he's able to sell. Knowing Trump I wouldn't be surprised at all if he sold a few shares at a super high price tag and then had it valued at 3 bil. --- I do drawings and stuff https://www.fiverr.com/blueblitz <cite>itachi15243 posted [p:979505791] in Truth Soci... [t:80727896]...</cite> <quote>LeCh0nk posted... </cite><quote>Who decided it's worth 3B? Like people would have to be willing to pay what he thinks it's worth, and that number will probably get lower and lower before he's able to sell.</quote>Knowing Trump I wouldn't be surprised at all if he sold a few shares at a super high price tag and then had it valued at 3 bil. </quote> ... Copied to Clipboard!
LearntoRead 03/22/24 12:46:19 PM #10:	For some reason I think the number is inflated. Just a hunch. <cite>LearntoRead posted [p:979505819] in Truth Soci... [t:80727896]...</cite> <quote>For some reason I think the number is inflated. Just a hunch.</quote> ... Copied to Clipboard!
Strider102 03/22/24 12:50:25 PM #11:	I'll buy it for $5. Then I'll delete it. --- "I dreamt I was a moron." <cite>Strider102 posted [p:979505906] in Truth Soci... [t:80727896]...</cite> <quote>I'll buy it for $5.Then I'll delete it. </quote> ... Copied to Clipboard!
ClayGuida 03/22/24 12:52:09 PM #12:	I'll believe it when I see it. Twitter is only currently worth like 10-15 billion, Musk paid 45 billion or something for it, and you're telling me that a direct copycat is somehow worth as much as Twitter, or even slightly less? Nothing makes sense. --- lolAmerica <cite>ClayGuida posted [p:979505938] in Truth Soci... [t:80727896]...</cite> <quote>I'll believe it when I see it. Twitter is only currently worth like 10-15 billion, Musk paid 45 billion or something for it, and you're telling me that a direct copycat is somehow worth as much as Twitter, or even slightly less? Nothing makes sense. </quote> ... Copied to Clipboard!
Naysaspace 03/22/24 12:54:53 PM #14:	LeCh0nk posted... Who decided it's worth 3B? google "guess a cows weight problem". it is an allegory for company valuation. --- AMD is the best company in the history of computing! <cite>Naysaspace posted [p:979505998] in Truth Soci... [t:80727896]...</cite> <quote>LeCh0nk posted... </cite><quote>Who decided it's worth 3B?</quote>google "guess a cows weight problem". it is an allegory for company valuation. </quote> ... Copied to Clipboard!
thisworld 03/22/24 12:55:03 PM #15:	ssb_yunglink2 posted... yeah where the fuck is the value? Literally the only reason i know that people care about it Trump posts. Thats not worth billions of dollars It's a merger. Unless I read it wrong the 3b comes mostly from DWA Corp., not Truth Social. Truth Social is going public. In a Friday vote, the social media companys blank-check funding partner Digital World Acquisition Corp. approved a merger with Trump Media & Technology Group. Given the current stock market value of Digital World Acquisition Corp., the combination of the two companies could net Trump a staggering $3.6 billion in shareholder value. <cite>thisworld posted [p:979506007] in Truth Soci... [t:80727896]...</cite> <quote>ssb_yunglink2 posted... </cite><quote>yeah where the fuck is the value? Literally the only reason i know that people care about it Trump posts. Thats not worth billions of dollars</quote>It's a merger. Unless I read it wrong the 3b comes mostly from DWA Corp., not Truth Social.<quote>Truth Social is going public. In a Friday vote, the social media companys blank-check funding partner Digital World Acquisition Corp. approved a merger with Trump Media & Technology Group.Given the current stock market value of Digital World Acquisition Corp., the combination of the two companies could net Trump a staggering $3.6 billion in shareholder value.</quote></quote> ... Copied to Clipboard!
Dancedreamer 03/22/24 12:55:27 PM #16:	I'm sure Elon Musk will buy it. --- This isn't funny Dean, the voice says I'm almost out of minutes! ~Alexandra <cite>Dancedreamer posted [p:979506014] in Truth Soci... [t:80727896]...</cite> <quote>I'm sure Elon Musk will buy it. </quote> ... Copied to Clipboard!
BigSLM1993 03/22/24 12:58:31 PM #17:	But wouldnt the value plummet if he tried to sell his shares? <cite>BigSLM1993 posted [p:979506069] in Truth Soci... [t:80727896]...</cite> <quote>But wouldnt the value plummet if he tried to sell his shares?</quote> ... Copied to Clipboard!
ClayGuida 03/22/24 12:59:43 PM #18:	BigSLM1993 posted... But wouldnt the value plummet if he tried to sell his shares? From what I gathered when reading about Musk's wealth a few years back, Trump would have to get SEC approval to sell anything of magnitude. --- lolAmerica <cite>ClayGuida posted [p:979506095] in Truth Soci... [t:80727896]...</cite> <quote>BigSLM1993 posted... </cite><quote>But wouldnt the value plummet if he tried to sell his shares?</quote>From what I gathered when reading about Musk's wealth a few years back, Trump would have to get SEC approval to sell anything of magnitude. </quote> ... Copied to Clipboard!
ironman2009 03/22/24 1:00:05 PM #19:	BigSLM1993 posted... But wouldnt the value plummet if he tried to sell his shares? Yes, if everybody has to wait 6 months it'll instantly tank the moment sales are opened. --- THRILLHO <cite>ironman2009 posted [p:979506105] in Truth Soci... [t:80727896]...</cite> <quote>BigSLM1993 posted... </cite><quote>But wouldnt the value plummet if he tried to sell his shares?</quote>Yes, if everybody has to wait 6 months it'll instantly tank the moment sales are opened. </quote> ... Copied to Clipboard!
boomgetchopped3 03/22/24 1:01:06 PM #20:	Ah, so this is why Musk isnt publically endorsing Trump. --- More to do with the humidity than heat <cite>boomgetchopped3 posted [p:979506124] in Truth Soci... [t:80727896]...</cite> <quote>Ah, so this is why Musk isnt publically endorsing Trump. </quote> ... Copied to Clipboard!
BigSLM1993 03/22/24 1:03:49 PM #21:	ClayGuida posted... From what I gathered when reading about Musk's wealth a few years back, Trump would have to get SEC approval to sell anything of magnitude. ironman2009 posted... Yes, if everybody has to wait 6 months it'll instantly tank the moment sales are opened. So really, it's a news grabby headline that he's worth billions now, but in actuality , it'll be tougher for this to actually bail him out. He cant sell when he needs it (he needs it right now lol), and if he tries to sell it all , it'll plummet in value. Technically he could try to get a loan on it. But the lender would need to believe the share wont be some pump and dump, which it probably will be. <cite>BigSLM1993 posted [p:979506169] in Truth Soci... [t:80727896]...</cite> <quote>ClayGuida posted... </cite><quote>From what I gathered when reading about Musk's wealth a few years back, Trump would have to get SEC approval to sell anything of magnitude.</quote>ironman2009 posted... </cite><quote>Yes, if everybody has to wait 6 months it'll instantly tank the moment sales are opened.</quote>So really, it's a news grabby headline that he's worth billions now, but in actuality , it'll be tougher for this to actually bail him out.He cant sell when he needs it (he needs it right now lol), and if he tries to sell it all , it'll plummet in value.Technically he could try to get a loan on it. But the lender would need to believe the share wont be some pump and dump, which it probably will be. </quote> ... Copied to Clipboard!
Starks 03/22/24 1:07:09 PM #22:	Trump would probably commit securities fraud just to get the cash right now. --- Paid for by StarksPAC, a registered 501(c)(4) <cite>Starks posted [p:979506223] in Truth Soci... [t:80727896]...</cite> <quote>Trump would probably commit securities fraud just to get the cash right now. </quote> ... Copied to Clipboard!
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Shotgunnova 03/22/24 1:40:19 PM #24:	Maybe Trump should call J.G. Wentworth first. --- Take me down from the ridge where the summer ends And watch the city spread out just like a jet's flame <cite>Shotgunnova posted [p:979506762] in Truth Soci... [t:80727896]...</cite> <quote>Maybe Trump should call J.G. Wentworth first. </quote> ... Copied to Clipboard!
RchHomieQuanChi 03/22/24 1:42:33 PM #25:	ClayGuida posted... I'll believe it when I see it. Twitter is only currently worth like 10-15 billion, Musk paid 45 billion or something for it, and you're telling me that a direct copycat is somehow worth as much as Twitter, or even slightly less? Nothing makes sense. Not only that; a direct copycat that exclusively exists for Trumpers, when Twitter has already become a right-wing cesspool --- I have nothing else to say <cite>RchHomieQuanChi posted [p:979506798] in Truth Soci... [t:80727896]...</cite> <quote>ClayGuida posted... </cite><quote>I'll believe it when I see it. Twitter is only currently worth like 10-15 billion, Musk paid 45 billion or something for it, and you're telling me that a direct copycat is somehow worth as much as Twitter, or even slightly less? Nothing makes sense.</quote>Not only that; a direct copycat that exclusively exists for Trumpers, when Twitter has already become a right-wing cesspool </quote> ... Copied to Clipboard!
BewmHedshot 03/22/24 1:56:33 PM #26:	Leverage over a presidential candidate is worth a lot to a certain type of person. <cite>BewmHedshot posted [p:979507001] in Truth Soci... [t:80727896]...</cite> <quote>Leverage over a presidential candidate is worth a lot to a certain type of person.</quote> ... Copied to Clipboard!
Strider102 03/22/24 2:08:24 PM #27:	Shotgunnova posted... Maybe Trump should call J.G. Wentworth first. 877-CASHNOW --- "I dreamt I was a moron." <cite>Strider102 posted [p:979507188] in Truth Soci... [t:80727896]...</cite> <quote>Shotgunnova posted... </cite><quote>Maybe Trump should call J.G. Wentworth first.</quote>877-CASHNOW </quote> ... Copied to Clipboard!
TomClark 03/22/24 2:30:06 PM #28:	[LFAQs-redacted-quote] Let me tell you about money laundering. Nobody knows money laundering like Your Favourite President. The best money laundering. Very Legal and Very Cool! --- http://i.imgur.com/6eF0W.gif <cite>TomClark posted [p:979507535] in Truth Soci... [t:80727896]...</cite> <quote><cite>[LFAQs-redacted-quote]</cite> Let me tell you about money laundering. Nobody knows money laundering like Your Favourite President. The best money laundering. Very Legal and Very Cool! </quote> ... Copied to Clipboard!
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theAteam 03/22/24 2:34:26 PM #30:	There would be nothing funnier than Trump overvaluing his asset as collateral for a loan to pay his legal obligations for being convicted of overvaluing his asset as collateral for a loan. --- Buffalo Bills <cite>theAteam posted [p:979507613] in Truth Soci... [t:80727896]...</cite> <quote>There would be nothing funnier than Trump overvaluing his asset as collateral for a loan to pay his legal obligations for being convicted of overvaluing his asset as collateral for a loan. </quote> ... Copied to Clipboard!
mybbqrules 03/22/24 5:46:02 PM #31:	[LFAQs-redacted-quote] Always was. How do you think he managed to bankrupt *three* casinoes? --- Currently playing: Fortnite STW, WoW, Punch-Out, Super Punch-Out Convicted criminal Donald Trump: Inmate No. P01135809 <cite>mybbqrules posted [p:979510535] in Truth Soci... [t:80727896]...</cite> <quote><cite>[LFAQs-redacted-quote]</cite> Always was.How do you think he managed to bankrupt three casinoes? </quote> ... Copied to Clipboard!
DirkDiggles 03/22/24 5:48:11 PM #32:	It would be funny to see the new owners turn Truth Social into a liberal shithole just to spite Elon Musk. --- Intel 486, Integrated videocard, 16MB RAM, 64MB HD, 3 1/4 inch floppy <cite>DirkDiggles posted [p:979510562] in Truth Soci... [t:80727896]...</cite> <quote>It would be funny to see the new owners turn Truth Social into a liberal shithole just to spite Elon Musk. </quote> ... Copied to Clipboard!
ForsakenHermit 03/22/24 5:50:17 PM #33:	Oh that's just super. --- Beware the fanatic! Too often his cure is deadlier by far than the evil he denounces!-Stan Lee RIP Make Arcades Great Again! <cite>ForsakenHermit posted [p:979510600] in Truth Soci... [t:80727896]...</cite> <quote>Oh that's just super. </quote> ... Copied to Clipboard!
Starks 03/22/24 6:27:11 PM #34:	It's funny how the one time Trump trusts the stock market, he makes billions off of it. --- Paid for by StarksPAC, a registered 501(c)(4) <cite>Starks posted [p:979511174] in Truth Soci... [t:80727896]...</cite> <quote>It's funny how the one time Trump trusts the stock market, he makes billions off of it. </quote> ... Copied to Clipboard!
itachi15243 03/22/24 11:29:03 PM #35:	BigSLM1993 posted... So really, it's a news grabby headline that he's worth billions now, but in actuality , it'll be tougher for this to actually bail him out. He cant sell when he needs it (he needs it right now lol), and if he tries to sell it all , it'll plummet in value. Technically he could try to get a loan on it. But the lender would need to believe the share wont be some pump and dump, which it probably will be. I really doubt he cares. This is like life and death to him. That money is the only thing stopping him from jail time and everything of his getting taken away. I'm sure he would smash truth social like a piggybank if he needs too. He's not even banned on real Twitter anymore anyways. --- I do drawings and stuff https://www.fiverr.com/blueblitz <cite>itachi15243 posted [p:979515437] in Truth Soci... [t:80727896]...</cite> <quote>BigSLM1993 posted... </cite><quote>So really, it's a news grabby headline that he's worth billions now, but in actuality , it'll be tougher for this to actually bail him out.He cant sell when he needs it (he needs it right now lol), and if he tries to sell it all , it'll plummet in value.Technically he could try to get a loan on it. But the lender would need to believe the share wont be some pump and dump, which it probably will be.</quote>I really doubt he cares. This is like life and death to him. That money is the only thing stopping him from jail time and everything of his getting taken away. I'm sure he would smash truth social like a piggybank if he needs too. He's not even banned on real Twitter anymore anyways. </quote> ... Copied to Clipboard!
misterbum 03/22/24 11:29:47 PM #36:	Fuck that guy --- http://imgur.com/a/WqlxL <cite>misterbum posted [p:979515446] in Truth Soci... [t:80727896]...</cite> <quote>Fuck that guy </quote> ... Copied to Clipboard!
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Current Events > Truth Social goes public; Trump set to net billions (+) Yeah! (+)

Current Events > Truth Social goes public; Trump set to net billions