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More Donald Trump billions? Truth Social lands huge win in major merger

Discussion in 'Too Hot for Swamp Gas' started by flgator2, Feb 17, 2024.

  1. flgator2

    flgator2 GC Hall of Fame

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    More Donald Trump billions? Truth Social lands huge win in major merger (msn.com)

    Digital World Acquisition Corp. announced that the SEC had green lit their merger with Truth Social's parent company Trump Media & Technology Group on Wednesday, according to CNN.

    As Trump owns around 79 million in shares of Digital World, he will be expected to hold a dominant position in the new company once approved, and he stands to make nearly $4 billion based on the company's current trading price of about $50 per share.

    This means more profit for Trump, who could afford to make some money after him and his Trump Org were officially fined $355 million in a New York court ruling on Friday and barred from doing business in New York for three years.




    Sounds like Trump is going to get a lot richer.
     
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  2. citygator

    citygator VIP Member

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    Seems weird to me it would be worth as much as Twitter with 0.3% of their customer base. Truth social has like 2M users. That would be a valuation of $5,000 per user for something that will flame out when Donald dies. Seems crazy to me but so did the twitter valuation of $44B when Elon paid $662 per user. X is now worth $4B or $70 per user. Using that valuation I’d peg Truth social at a maximum of $140M and Trumps share something like $50M… which he can’t sell for 6 months after the whole thing is done. They lost $26M on like $1.1M in revenue last quarter.
     
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  3. VAg8r1

    VAg8r1 GC Hall of Fame

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    Just one question, why would the "Deep State" supposedly controlled by Joe Biden and out to destroy Donald Trump approve a merger financially beneficial to Trump? While not commenting on the decision itself, the fact that the SEC a government agency headed by a Biden appointee would issue that decision runs completely counter to the narrative of MAGA world that Joe Biden is using the federal government to destroy Trump.
     
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  4. citygator

    citygator VIP Member

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    Duh. It’s a false flag or some other nut layer of nonsense.
     
  5. okeechobee

    okeechobee GC Hall of Fame

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    Obviously, all the credit goes to his rich father, RIP.
     
  6. vaxcardinal

    vaxcardinal GC Hall of Fame

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    Trump provided the value so it’s probably accurate
     
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  7. chemgator

    chemgator GC Hall of Fame

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    Sounds like a good reason to worship someone.

    He'll probably wind up paying more women that he has raped, so he'll need it.
     
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  8. mdgator05

    mdgator05 Premium Member

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    Can you tell me why this company would be worth ten billion dollars? Is it the large user base, the innovative monetization system, the substantial profits that they are earning?
     
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  9. flgator2

    flgator2 GC Hall of Fame

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    And how many ladies has he raped and been convicted of?
    Now keep a mind nobody cares about your opinion on this we just want the facts.
     
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  10. flgator2

    flgator2 GC Hall of Fame

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    And how would I or you even know what this company's worth?
    Neither one of us do.
     
  11. okeechobee

    okeechobee GC Hall of Fame

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    @chemgator = @butthurtgator
     
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  12. WarDamnGator

    WarDamnGator GC Hall of Fame

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    You can add "linked to fraud" to your list .... the merger was illegal from the start because the people involved basically did some insider trading / self dealing prior to announcing the merger ... but the SEC decided to let me off with a fine instead of nixing the deal.

    Trump-linked DWAC soars 50% after SEC fraud settlement (cnbc.com)
     
  13. citygator

    citygator VIP Member

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    I do.
     
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  14. gatorchamps960608

    gatorchamps960608 GC Hall of Fame

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    The merger for Trump Social still has to close and their partner is foreign and shady. Trump can't sell his stock until 6 months after the merger closes. Who knows what the stock price might be worth at the time of closing?
     
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  15. flgator2

    flgator2 GC Hall of Fame

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    No you don't
     
  16. PITBOSS

    PITBOSS GC Hall of Fame

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    Curious if truth does go public, would our local trump followers buy any stock if it became available?
     
  17. citygator

    citygator VIP Member

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    Sure I do. I do this for a living. Here is the equation:

    Sum of:

    .31 X the number for miracle cure elixirs paying for advertising on TS
    .21 X the number of maga merchandise makers advertising TS
    .24 X the number of gun accessory makers advertising on TS
    .33 X the number of diet pill peddlers advertising on TS

    You take that number which is 22.6 and you multiply it by the number of users which are about 2M.

    Then you multiply it by the square root of maga followers who aren’t on TS.

    Then adjust by a beta number.

    Value = $66,666,666.66

    Note: Even actual gun manufacturers find TS too toxic for them to put their ads on. But fly by night Soldier of Fortune inc holster makers… yep.
     
    Last edited: Feb 17, 2024
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  18. mdgator05

    mdgator05 Premium Member

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    You realize that there are methods of valuing companies based on things like growth rates, IP, current profits, etc., right?
     
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  19. WarDamnGator

    WarDamnGator GC Hall of Fame

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  20. chemgator

    chemgator GC Hall of Fame

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    Doesn't matter. A woman has convinced a courtroom that Trump raped her, and he has to pay tens of millions of dollars because of it. The way he talks about women (and ogles teenage girls in beauty pageants, and spent time with Jeffrey Epstein, and paid off a stripper to keep quiet), it would not be surprising if he does have a long history of raping women. Where there is smoke, there is fire. Your hero is a misogynistic rapist. Deal with it. If it makes you feel any better, he's also a racist. He's also not a very good businessman, if he has to cheat on his taxes to turn a profit. So what is Trump good at? He is one of the world's best confidence men. But doesn't that require gullible people to serve as his mark? Yes, it does. That's where you come in . . .
     
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