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| Why Trump may reap billions in Truth Social stock market merger |
| 2024-03-23 |
 [BBC] Donald Trump appears to be scrambling for funds to pay a $464m (£365m) fraud fine. Could the stock market ride to his rescue?Trump Media, which runs the social media platform Truth Social, is poised to become a publicly listed company, after a majority of shareholders of Digital World Acquisition Corp voted on Friday to acquire it. Mr Trump is due to have a stake of at least 58% in the merged company, worth roughly $3bn at Digital World's current share prices. |
| Posted by:Skidmark |
| #3 I wonder if AKA Joe hangs on Truth Social. |
| Posted by: Super Hose 2024-03-23 12:50 |
| #2 The usual suspects all cheer wildly when some new "AI powered" ghey mobile dating app does an IPO at some absurd number. (Never mind, it will go from "a market cap of $xx billion" to delisted two years later This however, infuriates them. |
| Posted by: M. Murcek 2024-03-23 08:37 |
| #1 Trump has succeeded in becoming a media mogul. A media proprietor, also called a media executive, media mogul or media tycoon, is an entrepreneur who controls any means of public or commercial mass media, through the personal ownership or holding of a dominant position within a media conglomerate or enterprise. (Wikipedia.org) |
| Posted by: Beldar Uneter3543 2024-03-23 00:49 |