Truth Social going public net Trump estimated 2 to 4 BILLION

[Luvnit2]

(04-01-2024, 03:54 PM)GMDino Wrote: Stock is down 24% since the release of those numbers.  Maybe they are smart.

https://www.cnn.com/2024/04/01/media/truth-social-trump-media-stock-losses/index.html



https://www.sec.gov/ix?doc=/Archives/edgar/data/0001849635/000114036124016719/ef20025342_8k.htm

They seem to be banking on advertisers flocking there during the election.  But with a declining user base what happens after the election?  Win or lose?

Seems risky.

If Trump isn't the company why does it have his name on it and why does own a majority stake in it?

No maybe, they are smart. They go out of business if they pick losers.