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Donald Trump's social media company Truth Social completed a merger Friday morning that could net the former president over $3 billion.
Shareholders of Digital World Acquisition Corporation -- a special purpose acquisition company -- approved a merger with Trump Media & Technology Group, which owns Truth Social.
originally posted by: EndTime
Donald Trump's social media company Truth Social completed a merger Friday morning that could net the former president over $3 billion.
Shareholders of Digital World Acquisition Corporation -- a special purpose acquisition company -- approved a merger with Trump Media & Technology Group, which owns Truth Social.
Truth Social goes public, be careful not to lose your money
Trump's Truth Social media company will be going public very shortly as the shareholders of DWAC have approved the reverse merger to list the new company, potentially under ticker "DJT", on the stock market.
Donald Trump currently holds the majority of shares of DWAC, and will continue to have the majority interest in the publicly traded company.
This is a cautionary note to those looking to invest their spare capital, or god forbid their retirement savings into the venture.
I fully expect the new companies Price-to-earnings ration (P/E) to be awful, and honestly to be a complete scam for those foolish enough to invest in this company.
I predict that in 3 months from the time of list, the value of this stock will drop by more than 30%. I expect Trump to almost immediately start dumping his shares.
Be careful.
I predict that in 3 months from the time of list, the value of this stock will drop by more than 30%. I expect Trump to almost immediately start dumping his shares.
originally posted by: LSU2018
a reply to: arcticshuffle
It's been fun watching them be wrong every single time.
originally posted by: Disgusted123
Well, if you liked Trump's stock market numbers, you must be giddy over Biden's stock market numbers.
OR......it's only good if Trump does it, even though Biden's numbers are much, much better.
a reply to: LSU2018
originally posted by: LSU2018
a reply to: arcticshuffle
Remember when they said Trump would crash the stock market? Then when it continued breaking records, they claimed it wasn't because of Trump?
originally posted by: Disgusted123
I hope every single Trump supporter puts their retirement portfolios all in on this. Close that 401K. Get a second mortgage on your house. This is a SURE thing.
Trump is a gold mine. He might even throw in a pair of gold sneakers that probably won't ever be made.
originally posted by: Disgusted123
Well, if you liked Trump's stock market numbers, you must be giddy over Biden's stock market numbers.
OR......it's only good if Trump does it, even though Biden's numbers are much, much better.
a reply to: LSU2018
originally posted by: Disgusted123
I hope every single Trump supporter puts their retirement portfolios all in on this. Close that 401K. Get a second mortgage on your house. This is a SURE thing.
Trump is a gold mine. He might even throw in a pair of gold sneakers that probably won't ever be made.
originally posted by: arcticshuffle
originally posted by: LSU2018
a reply to: arcticshuffle
It's been fun watching them be wrong every single time.
This place has become Tard Central Station.
But I raised kids, I understand the terrible two’s.
originally posted by: DAVID64
a reply to: Disgusted123
I love it when the Liberals lose their sh**. Constant source of entertainment.