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Author Topic: No, Trump is not getting $3 billion from Truth Social  (Read 326 times)

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Offline fatboy

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No, Trump is not getting $3 billion from Truth Social
« on: March 26, 2024, 09:42:11 AM »
Quote
edhopper (33,151 posts)

The amount is based on the value of Trump's shares in the new merged company. It is also based on the projected price when the stock goes public. Trump has to wait six months before he can sell. So that $3 billion is based on him selling ALL his shares, but we have no idea what a company with no assets, few subscribers and no advertisers will be selling for in 6 months

https://www.democraticunderground.com/100218810219

Although it took quite a bit longer than usual to log into my brokerage account today, I suspect due to high trading volume, I did manage to buy a few shares of DJT of which I considered it to be my patriotic duty.

Just doing my part to further the goals of Capitalism.  :tongue:
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Offline Ralph Wiggum

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Re: No, Trump is not getting $3 billion from Truth Social
« Reply #1 on: March 26, 2024, 10:44:34 AM »
I'm sure edhopper (33,151 posts) has considerable experience in IPO's. :whatever: :whatever: :whatever:

Most of the social media companies (Reddit is recent example), have NEVER made a profit in their decades conducting business.
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Offline Old n Grumpy

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Re: No, Trump is not getting $3 billion from Truth Social
« Reply #2 on: March 26, 2024, 10:48:45 AM »
Quote from: Ralph Wiggum on March 26, 2024, 10:44:34 AM
I'm sure edhopper (33,151 posts) has considerable experience in IPO's. :whatever: :whatever: :whatever:

Most of the social media companies (Reddit is recent example), have NEVER made a profit in their decades conducting business.

I think their goal is more to influence public opinion than it is to make money. Just more propaganda from the progressives
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Offline SVPete

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Re: No, Trump is not getting $3 billion from Truth Social
« Reply #3 on: March 26, 2024, 11:39:08 AM »
A distinction without a difference. Maybe by the time Trump can sell any stock the merged company could yield him a mere $2B ... or maybe $4B+.
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Offline fatboy

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Re: No, Trump is not getting $3 billion from Truth Social
« Reply #4 on: March 26, 2024, 01:05:29 PM »
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gab13by13 (20,825 posts)

10. The price is inflated, it is losing money,
Reply to ProudMNDemocrat (Reply #5)

Tue Mar 26, 2024, 10:03 AM

it doesn't matter that no intelligent, honest person would invest a dime in it, the scheme is to launder money.

 :lmao: :lmao: :lmao: :lmao: :rotf: :rotf: :rotf: :rotf: :tongue: :tongue: :tongue: :tongue:
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Offline Airwolf

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Re: No, Trump is not getting $3 billion from Truth Social
« Reply #5 on: March 26, 2024, 04:16:43 PM »
I wish I could post my image of the Mirror universe VRWC dagger and use it to say to the DUmp that we are taking over and you will learn to live in our world or not. :) Unfortunately my PC is unable to let me access my external drive due to a virus that attacked my PC when I clicked on something on Facebook.
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Offline DefiantSix

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Re: No, Trump is not getting $3 billion from Truth Social
« Reply #6 on: March 26, 2024, 07:09:19 PM »
Quote from: fatboy on March 26, 2024, 01:05:29 PM
Quote
gab13by13 (20,825 posts)

10. The price is inflated, it is losing money,
Reply to ProudMNDemocrat (Reply #5)

Tue Mar 26, 2024, 10:03 AM

it doesn't matter that no intelligent, honest person would invest a dime in it, the scheme is to launder money.
:lmao: :lmao: :lmao: :lmao: :rotf: :rotf: :rotf: :rotf: :tongue: :tongue: :tongue: :tongue:

pResident Joe Bite-me has entered the chat...  :popcorn:

Now do embezzlement of taxpayer funds, DUm'Rat...
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