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SEC Clears Trump's Social Media Deal Worth as Much as $10 Billion


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Lemons to lemonade?

Reuters) - The U.S. Securities and Exchange Commission allowed Donald Trump's media and technology company to merge with a blank-check acquisition vehicle in a deal that currently values the parent of his social media app Truth Social at as much as $10 billion.

The valuation is about half that of Elon Musk's much more popular social media company X and follows two years of setbacks in the Trump company's quest to complete a stock market listing.

https://money.usnews.com/investing/news/articles/2024-02-15/digital-world-shares-surge-as-u-s-regulators-clear-way-for-merger-with-trumps-media-firm

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$10 billion??? I really live in a bubble. 

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That is the asking price but we have yet to see who will make an offer.  

The $10 billion valuation may be on the bet that Trump gets re-elected and makes Truth Social the national network.

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1 hour ago, OverSword said:

$10 billion??? I really live in a bubble. 

Oh don’t worry, Trump will be in court for overinflated prices on this one too

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1 hour ago, Unusual Tournament said:

Oh don’t worry, Trump will be in court for overinflated prices on this one too

You do know that fraud convictions sort of HAVE TO PROVE HARM TO A PARTY to the legal action... yes?  So tell us, who was the injured party in New York?  Where are the claimants?  Who gets "made whole" by that 355 million?  Take your time.  This should be interesting. 

Edited by and-then
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7 minutes ago, and-then said:

You do know that fraud convictions sort of HAVE TO PROVE HARM TO A PARTY to the legal action... yes?  So tell us, who was the injured party in New York?  Where are the claimants?  Who gets "made whole" by that 355 million?  Take your time.  This should be interesting. 

You should read the court decision; it might help answer some of your questions.

Really goes for all the cultists, here.

Read more, whine on the Internet less.

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25 minutes ago, and-then said:

You do know that fraud convictions sort of HAVE TO PROVE HARM TO A PARTY to the legal action... yes?  So tell us, who was the injured party in New York?  Where are the claimants?  Who gets "made whole" by that 355 million?  Take your time.  This should be interesting. 

Banks, government, tax payers, retailers, commercial and professional services. These are just off the top of my head. But all that really means little when you break the law. 
 

Yes I know it’s weird isn’t it

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9 hours ago, OverSword said:

$10 billion??? I really live in a bubble. 

Seems like more they sling at him the stronger he gets.  Gets banned from Twitter, Facebook boom he turns into $10 billion

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13 hours ago, OverSword said:

$10 billion??? I really live in a bubble. 

It has 23 full time employees and lost tens of millions each quarter it existed.

But, like many growth stocks, the value is in the hype and people's interest.  So yeah, it is valued at $10 billion.

Also as a note- there are insider trading chargs against three of people involved as well as the continuing issues it had with its regulatory issues.

 

Edited by Gromdor
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9 hours ago, and-then said:

You do know that fraud convictions sort of HAVE TO PROVE HARM TO A PARTY to the legal action... yes?  So tell us, who was the injured party in New York?  Where are the claimants?  Who gets "made whole" by that 355 million?  Take your time.  This should be interesting. 

Uh, no.  Prostitution, smuggling, drunk driving, and even bank fraud are all crimes even if no one gets harmed.  Victimless crimes are still crimes nonetheless.

Edited by Gromdor
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36 minutes ago, Gromdor said:

It has 23 full time employees and lost tens of millions each quarter it existed.

But, like many growth stocks, the value is in the hype and people's interest.  So yeah, it is valued at $10 billion.

Also as a note- there are insider trading chargs against three of people involved as well as the continuing issues it had with its regulatory issues.

 

Just 600k users.  $10 billion sounds like bull.

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1 hour ago, OverSword said:

Just 600k users.  $10 billion sounds like bull.

And one of those is Biden.:devil:

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2 hours ago, OverSword said:

Just 600k users.  $10 billion sounds like bull.

It's stock valuation.

Stocks are basically share of ownership of a company.  The creators make a company and divide it up into a certain number of stocks. They usually keep more than 50% because that is the number you need to have to keep control of the company.  They then put the remaining shares up for sale on the stock market- basically in an auction.  If people bid on it, all the prices go up.  If no one bids on it, all the prices go down.  It doesn't matter what the actual company is worth or how it performs.  It's what the investors/buyers think.  Right now, they think it's $10 billion.  Come the day it actually sells publicly, it can shoot up or drop like a rock.  Trump also has to wait a few months before he can sell his portion.  

This is of course an over simplification, but it's the general gist of how it works.  To be fair, all it takes are a bunch of positive thinking believers buying into it to make it's stock value go up.  Remember what happened to Gamestock and it's short squeeze? GameStop short squeeze - Wikipedia

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