Truth Social going public net Trump estimated 2 to 4 BILLION

[HarleyDog]

(03-23-2024, 02:59 PM)Arturo Bandini Wrote: An UPS store ! Four seasons vibes all along.

It was 46$ a share two days ago. Now, it's 36,94$

More disinformation. DWAC's actual address is 78 Southwest 7th St, Miam, FL and it's no UPS store. 

[GMDino]

(03-26-2024, 01:57 PM)HarleyDog Wrote: More disinformation. DWAC's actual address is 78 Southwest 7th St, Miam, FL and it's no UPS store. 

Ok, so an office in a mall?

[HarleyDog]

(03-26-2024, 01:40 PM)Belsnickel Wrote: I was speaking more to a larger sell-off, like him pulling out for the most part. Honestly, if he sold some of his shares his followers would probably need to change their pants over the excitement of possibly being able to buy shares Trump himself once held.

I just cannot fathom the excitement over the stock given the performance of the company itself. It really reminds me of something.

Are you thinking of Gamestop? There could be some Reddit investing going on here. It has a lot of momentum it hasn't earned which is similar. It would have to keep going up though. It could also be fans of Trump, GOP investors, or a mix of all. I won't invest in it, but I'm going to enjoy watching it and seeing how long the ride lasts. 

[Belsnickel]

(03-26-2024, 02:04 PM)HarleyDog Wrote: Are you thinking of Gamestop? There could be some Reddit investing going on here. It has a lot of momentum it hasn't earned which is similar. It would have to keep going up though. It could also be fans of Trump, GOP investors, or a mix of all. I won't invest in it, but I'm going to enjoy watching it and seeing how long the ride lasts. 

Nope, wasn't thinking about GameStop. Just thinking about hype around an individual.

[Luvnit2]

Trump shares now worth close to 4 billion (he owns 58% of the company) after stock rises 50%.

Also, read the article some of you need a good news source. Those saying he absolutely had to hod the stock for 6 months are wrong. The board can vote to allow shares to be sold immediately. But it is a non-issue now, Trump has the175 million cash bond.

Leading shareholders in IPOs are often subject to restrictions that require them to hold their shares for at least six months as a means of protecting those who purchased the stock post-IPO from unanticipated volatility caused by a large quantity of shares being sold unexpectedly. Such restrictions also apply to other arrangements like taking out a loan against the value of the stock.

The company's board could waive those restrictions to allow Trump to sell his shares earlier than six months. However, the need for such an arrangement may have been negated by Monday's ruling by a New York appeals court in Trump's civil fraud case that reduced his required bond from the full $454 million judgment against him to $175 million while he appeals the underlying ruling.

https://www.foxbusiness.com/markets/trump-media-shares-surge-market-debut

Trump Media shares surge in market debut
Shares were briefly halted due to volatility.

Trump Media & Technology Group's stock climbed about 50% at the opening bell before being halted briefly due to volatility.

Ticker Security Last Change Change %
DJT TRUMP MEDIA & TECHNOLOGY GROUP CORP 73.52 +23.57 +47.19%
The company is the parent of the social media app Truth Social.

Trump Media & Technology Group went public through a merger with the use of a special purpose acquisition company, Digital World Acquisition Corp. (DWAC), which approved the merger last week.

[HarleyDog]

(03-26-2024, 01:59 PM)GMDino Wrote: Ok, so an office in a mall?

That's funny. The building has stores yes, but also has offices. KPMG, McKinsey and Co, and WeWork have their offices there. Many large office buildings have stores on the first floor.

[Luvnit2]

Let's take a look back memory lane and why Trump started his own social media company.

He was kicked off Twitter and Facebook so he said I will start my own company to tell my truth. Thus "Truth Social" was developed (built) by Donald J. Trump in 2022 just 2 years ago.

It amazes me how people think it is a bad thing to have great success, but same people attack him for being unsuccessful.

I guess once people fall down, liberals would like them to stay down if they a Republican.

[Luvnit2]

(03-26-2024, 02:30 PM)HarleyDog Wrote: That's funny. The building has stores yes, but also has offices. KPMG, McKinsey and Co, and WeWork have their offices there. Many large office buildings have stores on the first floor.

The office is in Sarasota, Fl.

Trump Media, owner of app Truth Social, lists Sarasota as home | Business Observer (businessobserverfl.com)

Trump Media and Technology Group Corp., which owns the social media app Truth Social, recently registered in Florida as a business with a mailing and principal address in Sarasota. The registration was filed April 18, according to Florida Department of State records.  


The address listed, 401 N. Cattleman Road, is the Gateway Professional Center. The address is also 11 miles away from the new Longboat Key office of Rumble, another video and social media platform that's gained traction in conservative circles. Rumble announced plans late last year to relocate its corporate headquarters from Toronto to Longboat Key. 

[NATI BENGALS]

(03-26-2024, 06:28 PM)Luvnit2 Wrote: Let's take a look back memory lane and why Trump started his own social media company.

He was kicked off Twitter and Facebook so he said I will start my own company to tell my truth. Thus "Truth Social" was developed (built) by Donald J. Trump in 2022 just 2 years ago.

It amazes me how people think it is a bad thing to have great success, but same people attack him for being unsuccessful.

I guess once people fall down, liberals would like them to stay down if they a Republican.

Wasn’t he kicked off of Twitter for using the platform to spread lies while he was trying to destroy our democracy?

[NATI BENGALS]

(03-26-2024, 02:30 PM)HarleyDog Wrote: That's funny. The building has stores yes, but also has offices. KPMG, McKinsey and Co, and WeWork have their offices there. Many large office buildings have stores on the first floor.

Wonder if there is some foreshadowing going on here?

https://www.cnbc.com/2023/11/07/wework-files-for-bankruptcy.html

[HarleyDog]

(03-26-2024, 06:34 PM)Luvnit2 Wrote: The office is in Sarasota, Fl.

Trump Media, owner of app Truth Social, lists Sarasota as home | Business Observer (businessobserverfl.com)

Trump Media and Technology Group Corp., which owns the social media app Truth Social, recently registered in Florida as a business with a mailing and principal address in Sarasota. The registration was filed April 18, according to Florida Department of State records.  


The address listed, 401 N. Cattleman Road, is the Gateway Professional Center. The address is also 11 miles away from the new Longboat Key office of Rumble, another video and social media platform that's gained traction in conservative circles. Rumble announced plans late last year to relocate its corporate headquarters from Toronto to Longboat Key. 

We were talking about DWAC.

[Mike M (the other one)]

(03-26-2024, 01:40 PM)Belsnickel Wrote: I was speaking more to a larger sell-off, like him pulling out for the most part. Honestly, if he sold some of his shares his followers would probably need to change their pants over the excitement of possibly being able to buy shares Trump himself once held.

I just cannot fathom the excitement over the stock given the performance of the company itself. It really reminds me of something.

Dot.com Bubble?

[JustWinBaby]

(03-26-2024, 01:04 PM)pally Wrote: Even Fox Business News said to be careful with this stock...if Trump loses in Nov, it will tank

I wouldn't touch it.  Admittedly, I haven't researched it but just seems, on the face, an absolutely unrealistic valuation.  Dot.com bubble is right.

"Story stocks" can trade at irrational valuations for a LONG time, but I don't see much of a story here other than DJT posts there.  Doesn't seem like a very sustainable model - celebs, media and other personalities aren't going to post there en masse, so the long-run prospects look very dim.

And SPACs don't have a great track record of creating value.  Blows my mind how people are writing blank checks to these vehicles without even knowing in many cases what they will invest in.  Worse than throwing darts.

Not to be a conspiracy theorist, but I'd like to know where the bulk of the money came from and what may have been disclosed to those investors.


If Trump ends up with even $1B on this deal that certainly makes other political grifters look like rank amateurs.

[Arturo Bandini]

Now, he is selling bibles folks ! Shoes, bibles, NFT, anything must go.

[*pally*]

(03-26-2024, 06:28 PM)Luvnit2 Wrote: Let's take a look back memory lane and why Trump started his own social media company.

He was kicked off Twitter and Facebook so he said I will start my own company to tell my truth. Thus "Truth Social" was developed (built) by Donald J. Trump in 2022 just 2 years ago.

It amazes me how people think it is a bad thing to have great success, but same people attack him for being unsuccessful.

I guess once people fall down, liberals would like them to stay down if they a Republican.

Trump gave his name to a media company in exchange for most of the stock. Andy Litinsky and Wes Moss are now sueing Trump over his scheme to lock them out of their share. They raised the money and developed the platform.

He is a fraud but I will give him credit for being successful ant it, everything he touches dies after he drains it of cash. Just wait and see. He is going to dump most of his stock as soon as possible and the company will soon declare bankruptcy. They have extremely low customer interactions and are losing money hand over fist.

[Mike M (the other one)]

(03-27-2024, 07:59 AM)pally Wrote: Trump gave his name to a media company in exchange for most of the stock.  Andy Litinsky and Wes Moss are now sueing Trump over his scheme to lock them out of their share.  They raised the money and developed the platform.  

He is a fraud but I will give him credit for being successful ant it,  everything he touches dies after he drains it of cash.  Just wait and see. He is going to dump most of his stock as soon as possible and the company will soon declare bankruptcy.  They have extremely low customer interactions and are losing money hand over fist.

Case wasn't strong enough to prevent the merger, soo.... moving on

[HarleyDog]

(03-27-2024, 07:59 AM)pally Wrote: Trump gave his name to a media company in exchange for most of the stock.  Andy Litinsky and Wes Moss are now sueing Trump over his scheme to lock them out of their share.  They raised the money and developed the platform.  

He is a fraud but I will give him credit for being successful ant it,  everything he touches dies after he drains it of cash.  Just wait and see. He is going to dump most of his stock as soon as possible and the company will soon declare bankruptcy.  They have extremely low customer interactions and are losing money hand over fist.

So, if what you say does happen, then investors write off the loss on taxes and the federal government pretty much paid for the $175 million judgment with a ton of money left over. Sounds to me like Trump is in a win-win.

[*Nately120*]

(03-27-2024, 09:46 AM)HarleyDog Wrote: So, if what you say does happen, then investors write off the loss on taxes and the federal government pretty much paid for the $175 million judgment with a ton of money left over. Sounds to me like Trump is in a win-win.

It's a win-win for Trump because he spent years convincing people that it's totally ok for him and only him to engage in massive financial dealings with Chinese nationals in order to pay a mountain of legal fees.

I ain't no financial whiz, but if this isn't just yet another pump and dump exploitation of Trump's fanbase I'll have to assume he was visited by 3 ghosts last night or something.  My wife and I have a guest room in our house and I'm terrified her mother is going to tell us she's investing all her money in this, because I don't want her moving in when Trump runs off like a thief in the night with her savings.  Ha, like he'd run.

[GMDino]

(03-27-2024, 09:46 AM)HarleyDog Wrote: So, if what you say does happen, then investors write off the loss on taxes and the federal government pretty much paid for the $175 million judgment with a ton of money left over. Sounds to me like Trump is in a win-win.

Ah yes!  The socialist answer!  Welcome to the dark side! 

[HarleyDog]

(03-27-2024, 11:31 AM)GMDino Wrote: Ah yes!  The socialist answer!  Welcome to the dark side! 

Don't hate the players, hate the game.