Donald Trump unlocks potential $3bn windfall after social media Spac deal
Company behind Truth Social site will list on Nasdaq with the ticker symbol DJT next week
https://www.ft.com/content/b7063e91-c94d-4dee-ba68-e1b60892588e
Shareholders of his Truth Social platform have voted to take the company public
research firm Similarweb estimates that Truth Social had roughly 5 million active users in February of this year — including mobile users as well as website visitors.
@ecksmc There's no universe in which this grifting career criminal should be permitted to list anything on the fucking stock market.
@th3j35t3r ikr it's bizarre to say the least
if he sells some or all his shares to raise money investors will suffer BUT having his son, Don JR, on the board along with others from his WH Admin i see the sale of his shares happening before the 6mths lockdown period
i'm not a "shares" or "market" expert though lol just a hunch on what i read
@ecksmc @th3j35t3r
Two words: Short Sell
@ecksmc @th3j35t3r Apparently 11% are already doing just that.
The stock market isn't like voting but people do "vote" with their money. I question if there are enough MAGA devotees with enough money in the stock market to keep this one going. Trump's cash donations have fallen in recent weeks. A #BINO indeed.