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re: Trump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest People

Posted on 3/25/24 at 4:45 pm to
Posted by Grigio
Member since May 2023
616 posts
Posted on 3/25/24 at 4:45 pm to
This post was edited on 4/5/24 at 2:09 pm
Posted by Big Scrub TX
Member since Dec 2013
33749 posts
Posted on 3/25/24 at 4:58 pm to
quote:


I guess what I am asking is what is the business plan for Truth Social, why did it get valued around 3.5 billion, what is the end game?
Plenty of SPACs come out at absurdly high implied valuations only to collapse to much lower.

Here's a famous one from a few years ago where the guy was "worth $32B" the day of the IPO. The stock is now a tiny fraction of what it once was and he is being sued left and right.

MSP Recovery

John Ruiz
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
10995 posts
Posted on 3/25/24 at 8:36 pm to
quote:

What is the business plan for TMTG


I’m all in on it: DWAC / DWACW .

Up bigly so far (6 figures)

Long term business plan:







The country is hungry for social media without big brother censorship, non-woke entertainment, real journalism instead of mockingbird media fake news, and non-cancel culture web services (look up what AWS did to Parlor).

Think of how even Fox New is controlled opposition and has been been abandoned by patriots in the know. If they can get TMTG News on popular streaming platforms and/or a smart TV app it should take off.

IF Trump stays alive, and TMTG executes on this plan, it could be Yuge!

All they have right now is Truth Social so could take a while to build out the other services, but now with the merger going through they have the capital to start moving on it. TS membership should swell in the meantime during the upcoming election cycle with Trump posting there exclusively.

Hope to see a nice pop early next week though when the TDS shorts are forced to cover with the ticker change to DJT and the news gets out and gathers more attention.

It’s a risk, could all go under, or could be bigger than Amazon, Wal Mart, etc… We’ll see.

If I lose it all, will be fine with it as I see it as a fight / revolution against the evil globalist puppet masters that are currently in control of our government and are trying to bring permanent tyranny to replace our republic and eliminate our rights.

We are in a 5th generation war, and the 1st amendment is at the center of it.

Not Financial Advice
This post was edited on 3/25/24 at 10:24 pm
Posted by OceanMan
Member since Mar 2010
20085 posts
Posted on 3/26/24 at 4:39 am to
quote:

guess what I am asking is what is the business plan for Truth Social, why did it get valued around 3.5 billion


Because that’s where Trump posts his thoughts and people are obsessed with him and picking apart his every word. This is his book deal, except he is getting (somewhat) market value.
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