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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I bet he is going to have trouble getting the extra $75,000,000.[/quote]

You’ll be relieved to know that his holdings of DJT/DWAC stock went up $1.7 billion in value over the past week.[/quote]

It won't be worth a bucket of warm spit in six months.[/quote]

I think you underestimate the devotion of the cult. Trump will eventually cash out, maybe not $4B because when he starts selling it will drop. The cult members and some meme day traders will take most of the loss.[/quote]

Good piece on this here. “The nice thing about this for Trump is that Trump Media’s dismal business prospects are basically irrelevant to its valuation. The prospectus for the merger of Trump Media and the special-purpose acquisition company Digital World Acquisition Corp. includes a seemingly endless list of risk factors, including the fact that “a number of companies that were associated with President Trump have filed for bankruptcy.” It offers no plausible path to rapid growth, let alone to profitability. And it doesn’t even provide a detailed picture of Truth Social’s current operations: Digital World—a shell company that appears to have been created for the sole purpose of taking Trump Media public—says in the prospectus that Trump Media did not provide it with “complete financial information.” Remarkably, Trump Media says that it has no plans to report, and in fact doesn’t even collect, data on how many active users Truth Social has, how many new users it’s signing up, or how many ad impressions it’s generating.
In other words, Trump Media’s message to investors who might want to evaluate its performance boils down to “Trust us.” And although that would normally send investors scurrying, it’s just fine for the retail investors who have been snapping up shares of DJT. They most likely feel no need to peruse the Digital World prospectus for risk factors. They trust Trump.”
https://www.theatlantic.com/politics/archive/2024/03/trump-gets-meme-stock-business/677895/?utm_source=apple_news[/quote]

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