Trump may have found a way out of his money issues, Truth Social is going public and it is estimated the deal may net him billions
- Thread starter Elim Garak
- Start date
Elim Garak
Veteran
Scustin Bieburr
Baby baybee baybee UUUGH
Trump wants to use this money to help with his legal issues in a fraud case by Letitia James, he has to get special permission to sell his shares early.
Cacs stay getting away with bullshyt.
ITWAN
ITWAN
Neo. The Only. The One.
THE ONE
that shyt about to be a penny stock 
Voice of Reason
Veteran
Ultimately some people’s pensions funds will end up owning this bullshyt stock 
This would be the most obvious stock to short considering everything this dude touches goes to shyt
OperationNumbNutts
Superstar
^^^^this or a pump-and-dump.that shyt about to be a penny stock
This country is a joke
Donald Trump is on the verge of gaining what could be a massive windfall from his social media company. But it will likely come too late to save him from the financial peril he’s facing now.
Investors on Friday signed off on a deal to allow Trump’s new venture, which operates Truth Social, to be publicly traded on Wall Street, clearing the way for a possible multibillion-dollar payday for the former president.
But Trump’s stake will be tied up for much of the year under a so-called lock-up agreement, a normal arrangement for such deals to ensure that insiders don’t bail as soon as a company goes public and push down the stock price.
Trump could try to obtain a waiver from that rule, but even then he wouldn’t be able to sell more than a small fraction of his stake at any given time — up to 1 percent of the outstanding shares every quarter. And if he eventually does unload a large quantity of stock, the ramifications could be significant, according to investors and others watching the deal. That’s because Trump himself is the heart of the venture, they say, and any sign that his interest is waning could chill investors.
“It’s simply trading on Trump’s name,” said Kristi Marvin, founder of SPACInsider, a research firm. “People aren’t buying this because they like the fundamentals — they’re buying this because they like Trump.”
The pending approval from investors comes as Trump faces a severe financial crunch: He’s been hit with more than $500 million in civil penalties, not to mention ongoing legal fees as he appeals verdicts against him.
Investors on Friday signed off on a deal to allow Trump’s new venture, which operates Truth Social, to be publicly traded on Wall Street, clearing the way for a possible multibillion-dollar payday for the former president.
But Trump’s stake will be tied up for much of the year under a so-called lock-up agreement, a normal arrangement for such deals to ensure that insiders don’t bail as soon as a company goes public and push down the stock price.
Trump could try to obtain a waiver from that rule, but even then he wouldn’t be able to sell more than a small fraction of his stake at any given time — up to 1 percent of the outstanding shares every quarter. And if he eventually does unload a large quantity of stock, the ramifications could be significant, according to investors and others watching the deal. That’s because Trump himself is the heart of the venture, they say, and any sign that his interest is waning could chill investors.
“It’s simply trading on Trump’s name,” said Kristi Marvin, founder of SPACInsider, a research firm. “People aren’t buying this because they like the fundamentals — they’re buying this because they like Trump.”
The pending approval from investors comes as Trump faces a severe financial crunch: He’s been hit with more than $500 million in civil penalties, not to mention ongoing legal fees as he appeals verdicts against him.
Clayton Endicott
Superstar
This scumbag ain't gonna do nothing but pump and dump and leave the wrap around sunglasses wearing cacs looking like the monopoly man with his pockets hanging out after it's value tanks. Do they not know that everything he touches turns to shyt
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