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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 10:31 pm to
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
10726 posts
Posted on 3/25/24 at 10:31 pm to
quote:

So is Truth Social going to start a streaming platform or something?


Bingo.

Rolling Stone (2022): Trump’s Media Company Is Hiring Producers to Create MAGA-Friendly Television

and a cable news network, and a web services cloud provider (they had to build their own data centers to be non-cancellable and avoid Parlors fate).

The SEC led by Gary Gensler (Hilary’s campaign CFO) held up the DWAC / TMTG / DJT merger for 3 years with bullshite investigations but it finally completed now.

Gary Gensler:


This post was edited on 3/25/24 at 10:35 pm
Posted by Gifman
by the mountains
Member since Jan 2021
9373 posts
Posted on 3/26/24 at 4:28 am to
quote:

Gifman, have you ever posted anything other than these 16 yr old girl, personal attacks?


Posted by OceanMan
Member since Mar 2010
20028 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.
Posted by OceanMan
Member since Mar 2010
20028 posts
Posted on 3/26/24 at 4:50 am to
quote:

Wait, I thought the proof that he was honest is that he was the only guy who got poorer after being President.


This gain in wealth is quite literally a publicly available market transaction. He started this business because he was kicked off twitter while president. Try harder
Posted by Tchefuncte Tiger
Bat'n Rudge
Member since Oct 2004
57261 posts
Posted on 3/26/24 at 5:06 am to
quote:

wheeping


Posted by OceanMan
Member since Mar 2010
20028 posts
Posted on 3/26/24 at 5:18 am to
quote:

I was told repeatedly that he was worth $10 billion just a few years ago.


He just had a $500M judgement against him, accused of overvaluation of his assets. That’s because he has that much in cash. With this news, Truth is clearly worth something. How much do you think he is worth?
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123954 posts
Posted on 3/26/24 at 5:55 am to
quote:

If this is all based of of Truth Social, I call bullshite.
You don't understand how valuation of IPO's and public stocklistings work. But, instead of sharing, it might be best to keep that to bit yourself.
Posted by Tmcgin
BATON ROUGE
Member since Jun 2010
5016 posts
Posted on 3/26/24 at 7:03 am to
SPAC deal has a six month lockup
That’s when thr con gets found out
Posted by Gifman
by the mountains
Member since Jan 2021
9373 posts
Posted on 3/26/24 at 7:11 am to
quote:

SPAC deal has a six month lockup That’s when thr con gets found out


Blue Anon everyone. Tik Toc.
Posted by DisplacedBuckeye
Member since Dec 2013
71925 posts
Posted on 3/26/24 at 8:06 am to
quote:

Who got taken for a ride?


Anyone who has donated or bought the "it cost him money" line of bullshite. There are a lot of you here.
Posted by Gifman
by the mountains
Member since Jan 2021
9373 posts
Posted on 3/26/24 at 8:16 am to
quote:

Anyone who has donated or bought the "it cost him money" line of bullshite. There are a lot of you here.


How'd your Desantis donations pan out?
Posted by Bjorn Cyborg
Member since Sep 2016
26824 posts
Posted on 3/26/24 at 8:20 am to
quote:

To try to paint trump as another rich guy like any other rich guy is ridiculous - name another where 50% of their wealth is bullshite-ish or is based on a spac, meme stock.


So he's only worth half, ok? That's still around $3 billion. What point are you trying to make?

"Trump is only worth $3 billion" is not quite the own that you think it is.

That said, even though I agree that the SPAC value is bullshite, he's still going to clear several hundred million on it, perhaps a billion or more.

Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
260929 posts
Posted on 3/26/24 at 8:21 am to
Seems politics has been great for him.

Like a champ, greatly expanded his net worth
Posted by Tmcgin
BATON ROUGE
Member since Jun 2010
5016 posts
Posted on 3/26/24 at 8:37 am to
This company has $3m of revenue
$49m of losses

Prediction
This stock goes with his last stock
6 cents on the OTC market
Posted by DisplacedBuckeye
Member since Dec 2013
71925 posts
Posted on 3/26/24 at 8:38 am to
Anyone who gives money to politicians is an idiot.

Keep pretending Trump is one of you, suffering for the good of the country.
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