Trump Is in Line for a $3.5B Windfall from Stake in Truth Social

#1

Post by dannylandau » Thu, Mar 21, 2024, 1:11 PM UTC

Trump Is in Line for a $3.5B Windfall from Stake in Truth Social
wsj.com

Re: Trump Is in Line for a $3.5B Windfall from Stake in Truth Social

#2

Post by 8organicbits » Thu, Mar 21, 2024, 1:31 PM UTC

Twitter sold for a (seemingly excessive) $44B. What justifies $3.5B for Truth Social?

Re: Trump Is in Line for a $3.5B Windfall from Stake in Truth Social

#3

Post by skhunted » Thu, Mar 21, 2024, 1:40 PM UTC

8organicbits wrote: post #2

Twitter sold for a (seemingly excessive) $44B. What justifies $3.5B for Truth Social?

It would most likely be a way to legitimize bribes.

Re: Trump Is in Line for a $3.5B Windfall from Stake in Truth Social

#4

Post by r721 » Thu, Mar 21, 2024, 1:53 PM UTC

8organicbits wrote: post #2

Twitter sold for a (seemingly excessive) $44B. What justifies $3.5B for Truth Social?

SimilarWeb's traffic estimates (Feb 2024), for context:

twitter.com - Total Visits 5.8B

truthsocial.com - Total Visits 5M

Re: Trump Is in Line for a $3.5B Windfall from Stake in Truth Social

#5

Post by Arnt » Thu, Mar 21, 2024, 3:38 PM UTC

8organicbits wrote: post #2

Twitter sold for a (seemingly excessive) $44B. What justifies $3.5B for Truth Social?

Magic! Magic justifies it!

There are tens of thousands of retail investors paying ridiculous prices for the smallish available part of the shares. That doesn't mean that there will be takers for the large part held by orangehead.