US Politics

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dst2

Trump has some money coming to him it seems. A pump and dump. I imagine a lot of his supporters are going to lose a lot of money here.

https://www.theguardian.com/us-news/2024/mar/21/donald-trump-wealth-to-rise-by-more-than-3bn-if-shareholders-back-plan

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nick_h. in reply to @dst2

How can Truth Social be worth $3bn? It's farcical. It's got no ad revenue and hardly any users. I don't get it.

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useless in reply to @nick_h.

It's worth whatever someone will pay for it, in principle.

I guess using a SPAC gets around the need to find a bank willing to go on public record as running the placement, and might also avoid any public scrutiny of audited accounts until after he's cashed out.

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