|
Joined: Feb 2020
Posts: 7,351 Likes: 17
Campfire Tracker
|
OP
Campfire Tracker
Joined: Feb 2020
Posts: 7,351 Likes: 17 |
Truth Social parent company Trump Media & Technology Group to become publicly traded companyShareholders voted in favor of Trump Media & Technology Group (TMTG) merging with its special purpose acquisition company (SPAC) Digital World Acquisition Corp., a publicly traded shell company. The merger approval means TMTG stock will trade on Nasdaq as "DJT" as early as next week. President Trump, the presumptive 2024 GOP presidential nominee, holds 78.7 million shares in Trump Media & Technology Group. His personal stake in the company at its current stock price of approximately $44.17 would be worth between $3 billion and $4 billion. There is a six-month lock-up on Trump's shares, but the board could vote to waive that rule. The merger brings Truth Social, which describes itself as a free-speech platform and a "safe harbor" from censorship on other Big Tech platforms, approximately $300 million to expand the platform. TMTG's CEO is Devin Nunes, who joined the company in December 2021 after retiring from nearly two-decades in Congress. Trump Media & Technology Group (TMTG) merged with its SPAC, Digital World Acquisition Corp. after years of delay amid U.S. Securities and Exchange Commission investigations looking into alleged pre-targeting by DWAC. Pre-targeting refers to a SPAC discussing a potential merger with a merger target before they are allowed to hold those discussions. Last month, though, the SEC approved the merger. Trump Media & Technology Group first launched in October 2021. Trump launched Truth Social in February 2022, a year after he was banned from platforms such as then-Twitter, now-X, Facebook and Instagram, following Jan. 6, 2021. Those bans have been lifted. FOX Business
Last edited by SupFoo; 03/22/24.
|
|
|
|
Joined: Nov 2015
Posts: 15,174 Likes: 19
Campfire Ranger
|
Campfire Ranger
Joined: Nov 2015
Posts: 15,174 Likes: 19 |
|
|
|
|
Joined: Feb 2020
Posts: 7,351 Likes: 17
Campfire Tracker
|
OP
Campfire Tracker
Joined: Feb 2020
Posts: 7,351 Likes: 17 |
Letitia James BIG MAD !!!
Last edited by SupFoo; 03/22/24.
|
|
|
|
Joined: Jun 2004
Posts: 34,341 Likes: 10
Campfire 'Bwana
|
Campfire 'Bwana
Joined: Jun 2004
Posts: 34,341 Likes: 10 |
Yeah I watch that this morning on Trish Reagan. He has to hold on to his assets for at least six months before he can cash in.
Give a man a fish and he eats for a day. Give a man a welfare check, a forty ounce malt liquor, a crack pipe, an Obama phone, free health insurance. and some Air Jordan's and he votes Democrat for a lifetime.
|
|
|
|
Joined: Jan 2012
Posts: 26,598 Likes: 4
Campfire Ranger
|
Campfire Ranger
Joined: Jan 2012
Posts: 26,598 Likes: 4 |
Yeah I watch that this morning on Trish Reagan. He has to hold on to his assets for at least six months before he can cash in. Maybe: "There is a six-month lock-up on Trump's shares, but the board could vote to waive that rule. "
FJB & FJT
|
|
|
|
Joined: Mar 2006
Posts: 524
Campfire Regular
|
Campfire Regular
Joined: Mar 2006
Posts: 524 |
Could he borrow against that, use it for collateral?
|
|
|
|
Joined: Jun 2010
Posts: 9,471
Campfire Outfitter
|
Campfire Outfitter
Joined: Jun 2010
Posts: 9,471 |
Has anyone asked this question?
What happens if Trump sells and leaves?
The entire company is Trump...
He sells, what actually is the company one invests in?
|
|
|
|
Joined: Jun 2017
Posts: 320
Campfire Member
|
Campfire Member
Joined: Jun 2017
Posts: 320 |
|
|
|
|
Joined: Jan 2012
Posts: 26,598 Likes: 4
Campfire Ranger
|
Campfire Ranger
Joined: Jan 2012
Posts: 26,598 Likes: 4 |
Has anyone asked this question?
What happens if Trump sells and leaves?
The entire company is Trump...
He sells, what actually is the company one invests in? He could sell 1/4 or 1/2 and still have quite a substantial holding in it.
FJB & FJT
|
|
|
|
Joined: Jun 2010
Posts: 9,471
Campfire Outfitter
|
Campfire Outfitter
Joined: Jun 2010
Posts: 9,471 |
I'm not giving investment advice. Let's get that clear.
Donald Trump is kinda old.
What is the company without Trump?
Literally, what is it? Trump goes away, what did you buy?
|
|
|
|
Joined: Aug 2010
Posts: 28,307 Likes: 5
Campfire Ranger
|
Campfire Ranger
Joined: Aug 2010
Posts: 28,307 Likes: 5 |
I'm not giving investment advice. Let's get that clear.
Donald Trump is kinda old.
What is the company without Trump?
Literally, what is it? Trump goes away, what did you buy? Go Cuckraine!
|
|
|
|
Joined: Jan 2012
Posts: 26,598 Likes: 4
Campfire Ranger
|
Campfire Ranger
Joined: Jan 2012
Posts: 26,598 Likes: 4 |
I'm not giving investment advice. Let's get that clear.
Donald Trump is kinda old.
What is the company without Trump?
Literally, what is it? Trump goes away, what did you buy? Another Social Media company?
FJB & FJT
|
|
|
|
Joined: Jun 2010
Posts: 9,471
Campfire Outfitter
|
Campfire Outfitter
Joined: Jun 2010
Posts: 9,471 |
I'm not giving investment advice. Let's get that clear.
Donald Trump is kinda old.
What is the company without Trump?
Literally, what is it? Trump goes away, what did you buy? Another Social Media company? Ok. Prob called Twitter, formerly known as Twitter. What happens to those investors who believed in Trump?
|
|
|
|
Joined: Jan 2012
Posts: 26,598 Likes: 4
Campfire Ranger
|
Campfire Ranger
Joined: Jan 2012
Posts: 26,598 Likes: 4 |
The company minus Trump is simply 'another social media' company.
I doubt he would sell 100% of his holding, but who knows.
FJB & FJT
|
|
|
|
Joined: Jun 2010
Posts: 9,471
Campfire Outfitter
|
Campfire Outfitter
Joined: Jun 2010
Posts: 9,471 |
The company minus Trump is simply 'another social media' company.
I doubt he would sell 100% of his holding, but who knows. He's hurtin for money...
|
|
|
|
Joined: Jan 2012
Posts: 26,598 Likes: 4
Campfire Ranger
|
Campfire Ranger
Joined: Jan 2012
Posts: 26,598 Likes: 4 |
The company minus Trump is simply 'another social media' company.
I doubt he would sell 100% of his holding, but who knows. He's hurtin for money... 100% That's why I'd venture a guess of selling a partial portion while still retaining the largest stake held[for name recognition etc]
FJB & FJT
|
|
|
|
Joined: Jun 2010
Posts: 9,471
Campfire Outfitter
|
Campfire Outfitter
Joined: Jun 2010
Posts: 9,471 |
The company minus Trump is simply 'another social media' company.
I doubt he would sell 100% of his holding, but who knows. But it's not. It isn't Facebook and meta. It derives the views from Trump supporters. Those are the clicks...no one else. That is the problem for investors...if Trump cashes out, which he will. Where does that leave the investor because they "believe?"
|
|
|
|
Joined: Jul 2005
Posts: 12,534
Campfire Outfitter
|
Campfire Outfitter
Joined: Jul 2005
Posts: 12,534 |
I think he'll sell enough shares to cover his "fines", and keep the rest of this stock, because he needs an outlet to get the word out. FB, Instagram, and others sure aren't going to give him a platform to speak. He'll keep that stock and use it to make more money.
You can roll a turd in peanuts, dip it in chocolate, and it still ain't no damn Baby Ruth.
|
|
|
|
Joined: Jun 2010
Posts: 9,471
Campfire Outfitter
|
Campfire Outfitter
Joined: Jun 2010
Posts: 9,471 |
I think he'll sell enough shares to cover his "fines", and keep the rest of this stock, because he needs an outlet to get the word out. FB, Instagram, and others sure aren't going to give him a platform to speak. He'll keep that stock and use it to make more money. From who? That's what I said...Trump is asking his followers to pay.
|
|
|
|
Joined: Jun 2010
Posts: 9,471
Campfire Outfitter
|
Campfire Outfitter
Joined: Jun 2010
Posts: 9,471 |
|
|
|
|
515 members (007FJ, 12344mag, 06hunter59, 10gaugemag, 160user, 1beaver_shooter, 58 invisible),
2,673
guests, and
1,188
robots. |
Key:
Admin,
Global Mod,
Mod
|
|
Forums81
Topics1,193,644
Posts18,512,469
Members74,010
|
Most Online11,491 Jul 7th, 2023
|
|
|
|