Exclusive: Trump's social media venture seeks $1 billion raise - sources

Exclusive: Trump's social media venture seeks $1 billion raise - sources

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12/2/2021 7:25:00 AM

Exclusive: Trump's social media venture seeks $1 billion raise - sources

Former President Donald Trump's new social media venture is seeking to raise up to $1 billion by selling shares to hedge funds and family offices at several times the valuation it commanded in a deal with a blank-check acquisition firm in October, two people familiar with the matter said.

The deal valued Trump Media at $875 million, including debt. Trump Media is now seeking to raise up to an additional $1 billion at a valuation of close to $3 billion, to reflect Digital World's share rally after Trump supporters and day traders snapped up the stock, the sources said.

It is the clearest indication yet that Trump and the Digital World dealmakers are seeking to capitalize on the market euphoria around their venture, which has so far been fueled by its ambitious goals rather than a business that is up and running.The sources requested anonymity because the matter is confidential. Trump Media and Digital World did not respond to requests for comment. Bloomberg News reported last month that the companies were seeking to raise a PIPE without any details on its terms.

Read more: Reuters »

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We are waiting for this all he needs now is a business plan It's always like water on a duck's back for this guy. Going to a debate knowing very well you have COVID. How evil is this man? I smell another trump university lmao. Wait wait it’s coming

Exclusive: Trump's social media venture seeks $1 billion raise, sources sayFormer President Donald Trump's new social media venture is seeking to raise up to $1 billion by selling shares to hedge funds and family offices at several times the valuation it commanded in a deal with a blank-check acquisition firm in October, two people familiar with the matter said. Trump has a social media venture? I'm sure it's doomed to fail like every other business undertaking he has ever engaged in. 'Seeking to raise'

Hot housing market forces Fannie and Freddie to lend $1 million per homeInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. 政府为使房屋所有权更容易实现而采取的对策是购买100万美元的抵押贷款 Winner of Dr Evil clickbait headline award

Watch Savannah Guthrie press Trump on COVID diagnosis timeline during town hallOn Wednesday, former President Donald Trump released a statement in response to a report from The Guardian, which claims an upcoming book by former White House Who gives a fuck why do you keep living in the past She was disrespectful and unprofessional

Here’s everything Trump did after testing positive for Covid“Donald Trump is a textbook narcissist with no regard for anybody but himself. Today we’ve learned that the depths of his selfishness and disregard for others were even deeper than previously known,” says Chris Hayes on Trump’s reckless behavior after testing positive for Covid. chrislhayes Who fucking cares? chrislhayes How could he have been sick. He looks so tan and healthy. Such a natural glow chrislhayes All the folks who trusted him and came in touch with him and came down with covid became his little covid spores. Spreading it to like minded folks, friends , family. He's not the root of all evil. He's the root of all covid. DJT - the virulent one.

Michael Fanone: 'Moron' Capitol Rioter Who Electroshocked Me Was 'Manipulated' By TrumpDanny Rodriguez drove a stun gun into Fanone's neck on Jan. 6. The D.C. police officer says Rodriguez's FBI confession tape is revealing. Please read, watch & retweet the thread below. NoOneUnscripted If you've read the thread below & more importantly, watched the NoOneUnscripted episodes, you aren’t at all surprised by the ongoing seditious chaos. But in case you haven't, here it is. Just saying. NoOneUnscripted horrible

Joe Biden Has Succinct Retort When Asked If Trump Put Him At Risk For COVID-19The president was blunt when a reporter asked him about sharing a debate stage with Trump after his rival had reportedly tested positive for COVID-19. I love you Joe Biden. You are the professional, classy leader this country needs! In fairness, he calls Trump “the former President” because he doesn’t remember his name 😂 Brilliant reply