Trump Media Merger Approved, Allowing Truth Social to Go Public
https://www.nytimes.com/2024/03/22/business/trump-media-merger-truth-social.htmlOpen linkView original on lemmy.worldhttps://www.nytimes.com/2024/03/22/business/trump-media-merger-truth-social.htmlOpen linkView original on lemmy.world
How does someone come up with the value? Reddit has 300 million users and worth 6 billion, truth has 3 million and worth 3 billion?? Doesn’t make sense
One of the things Trump got charges for IS overinflating value of what he owns
Oh I thought there was a scientific method which calculates the value using concrete, verifiable metrics... I didn’t realize it was created out of thin air. Seems perfect for money laundering.
This is something to learn. All value is created out of thin air.
Or another way of putting this, is that a price only exists when someone is willing to pay it.
Theoretically it is the present value of future profits. Way overinflated.
Ostensibly there are methodologies to do this properly but really you can say whatever you want.
Corruption. The stock market is a scam
The stock market is pure speculation and hype. There's no science or method to it. It's straight up gambling. Some people are better at it than others. But it's still gambling. Not to mention, I'm sure there are some foreign interests involved helping to push it.
So the original cryptocurrency?
Initially no. But post Friedman and Reagan, absolutely.
Well think of the qualities of the users. One platform filled with chaotic contrarians, the other with people who will do anything you tell them to including rising up against the government.
Ahhh so this is how he pays his fines. Suddenly it’s worth billions and has one Russian Buyer
Actually, he can't sell his shares for 6 months. It's also speculated that if he did sell his shares, the value of all shares would go down.
This
Further proof that the stock market is a bunch of fairy dust and nonsense designed to make the super rich even richer
It's a misery index. A measure of how much wealth can be extracted from the working class and given to the wealthy, nothing more.
https://en.wikipedia.org/wiki/Trump_Media_%26_Technology_Group
TLDR: Despite all his rhetoric, Trump is heavily in bed with China, and Truth Social is big part of that relationship. Becoming publicly traded was always the plan, and it's now coming to fruition.
Not exactly looking great for DWAC on this news. Not sure what this represents for a lock in period or if Trump can leverage that position to make bond.
Investors know Trump is about to pump and dump. Still looks like a new floor with probably more to come.
Not investment advice. Taking investment advice from me is extremely hazardous to your portfolio and should be avoided at all cost.
My living room's ceiling is leaking.
The statement above is investment advice.
Might be. If I knew how to tell the difference between floors and ceilings, I'd be doing a hell of a lot better. But who knows on price level, and even moreso with a SPAC that doesn't actually have to report out numbers like a real company.
I'm saving my bearish sentiment for the Reddit IPO.
I don't know if he can leverage it, as iirc I read that per the terms of this merger the major shareholders can't divest until 6 months after closing. But he's only got until Monday to pay and he now has to give the court advance notice about any efforts he's making to get the bond. So he's running out of time.
Wow 6 whole percent
yeah but like not even a bump on the news?
Bruh if your best news results in a down five percent day..
Like fine but lemme buy some puts right? Because she of your best day when the home boy announce the SPAC..
like bruh some bullshit EV stock I got pulled a permit to build a building ant it went up 25%. I get five percent ain't shit but five percent on the best news you gonna get...
Trump’s solution is massive dilution