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Current Events > Trump set to make as much as $4 Billion in Truth Social deal

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solosnake
02/16/24 11:54:10 AM
#1:


https://www.cnn.com/2024/02/15/business/trump-spac-truth-social-stock/index.html

Months after leaving the White House, former President Donald Trump began plotting his return to Wall Street. That return, delayed by years of regulatory and legal hurdles, is now on the verge of becoming a reality and it could make Trump a fortune.
US regulators have finally given the green light to a controversial merger between Truth Social owner Trump Media & Technology Group and a blank-check company. The blessing from the Securities and Exchange Commission removes the last major obstacle holding back the deal.
The merger, if approved by shareholders, would pave the way for Trump Media to become a publicly-traded company one where Trump will own a dominant stake that could be worth billions.



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UnholyMudcrab
02/16/24 11:54:51 AM
#2:


No he won't lol

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SaikyoStyle
02/16/24 11:54:55 AM
#3:


Im sure that will please his creditors.

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DragulaRULEZ
02/18/24 6:32:28 PM
#4:


So one company was about to liquidate and the other is Truth Social? How...how the fuck are they making money?

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Irony
02/18/24 6:33:16 PM
#5:


Nah

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ClayGuida
02/18/24 6:39:15 PM
#6:


solosnake posted...
and it could make Trump a fortune.
could be worth billions.
Oh

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TonyKojima
02/18/24 6:42:26 PM
#7:


No lol.

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Bandit_Keith
02/18/24 6:43:44 PM
#8:


DragulaRULEZ posted...
So one company was about to liquidate and the other is Truth Social? How...how the fuck are they making money?
They aren't.

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thronedfire2
02/18/24 6:45:06 PM
#9:


I wonder who appraised the value of the site

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EPR-radar
02/18/24 6:46:23 PM
#10:


Bandit_Keith posted...
They aren't.
If this deal "makes money", it's because it's a money laundering operation.

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