Trump’s New Social Media Business Is Worth An Estimated $10 Billion

ver the course of 75 years, Donald Trump amassed a pile of assets—skyscrapers, hotels, golf courses and so on—worth an, after subtracting debt. Then, in practically no time at all, he conjured up a new business, the Trump Media and Technology Group, which hasn’t done much yet but plans to launch a social media company and various other ventures. Investors are already suggesting it’s worth about $10 billion.

The people valuing Trump’s enterprise at this price are everyday stock pickers. They still can’t purchase shares in the Trump Media and Technology Group, but they can buy stock in a pile of cash—also known as a special purpose acquisition company, or SPAC—that plans to merge with Trump’s business. News of the merger sent shares in the SPAC soaring from about $10 to $60 apiece over the last four weeks.

If the stock remains at $60, the SPAC shareholders will be left with an estimated $2.2 billion interest in the combined company after the merger. Investors in 15 million warrants tied to the SPAC will be sitting on another $300 million. The current owners of Trump’s company—it’s not yet clear what the former president’s personal interest is in the business—will receive an estimated 86 million shares as part of the deal, worth $5.1 billion.

It’s a lot of money riding on a barely formed business. In general, investors have a tendency to overvalue SPACs, which are structured in a way that dilutes everyday stock pickers. In an, researchers at Stanford and New York University looked at 16 SPACs that merged in 2019 and 2020, then traded for at least 12 months after their mergers. On average, they lost 35% of their value during that time, even as the overall market grew.

The reason this SPAC has gotten so much hype is because it’s tied to one of the greatest marketers in the history of American business, Donald Trump. Past presidents have cashed in on their fame by

Crazy but true

No-one should be surprised .. Capitalism/Institutionalism/Fascism: “When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.” Frédéric Bastiat

Even if MAGAs go to a new social media platform, it would be an eco chamber for their own content. They'd miss having someone to argue with. Advertisers would be boycotted when they support a platform with racist/xenophobic content. It would be a wash at best for advertisers.

who ?

Forbes site traffic down..Trump headline…still down…Trump title…repeat

Release the Kraken

The clown university !!

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Going to be huge

If it “worth” $10 billion, then the rest of the market is seriously undervalued TrumpCrimeFamilyForPrison Trump markets

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Oh, that piece of shit Mastodon Social ripoff that was hacked within 24 hours of being announced? LOL okay...

Let me guess. That’s the amount Donnie told you it was worth

DWAC buy now or regret the major pump

What is it called?

No. I will stick with Meta.

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Trump’s New Social Media Business Is Worth An Estimated $10 BillionThe Trump Media and Technology Group hasn’t done much yet. Investors still seem to think it’s worth about four times as much as everything else Donald Trump owns. Duh, lmfao You guys juicing up the stock, sad. Everything Trump touches fails. Open your business unit in india No EXPENDITURE, Marketing support, construction, electrical, product, services. We here DM Make your business international
Source: Forbes - 🏆 394. / 53 Read more »

Trump’s New Social Media Business Is Worth An Estimated $10 BillionThe Trump Media and Technology Group hasn’t done much yet. Investors still seem to think it’s worth about four times as much as everything else Donald Trump owns. If you don’t think institutions and large corporations are loading their wallets with Bitcoin, you’re mistaken. Kindly follow up with Danielalbino121 and load your wallet and make more profit with his platform With his company platform I have added massively to my holdings It's worth nothing to me, but probably worth lots to the Nigerian princes of the world. Mindless, malevolent, malignant, malicious, mendacious morons? GOP TuckerCarlson
Source: Forbes - 🏆 394. / 53 Read more »

Trump’s New Social Media Business Is Worth An Estimated $10 BillionThe Trump Media and Technology Group hasn’t done much yet. Investors still seem to think it’s worth about four times as much as everything else Donald Trump owns. All my experience happens to be total failure but i never gave up because i knew it was going to work out for me someday, fortunately am smiling today by getting involved with a manager I came across on a Tweet lisamiaBTC all I can say is she is the best of all. After being scammed over $12,600, A friend introduce me to this bitcoins expert trader AMBREY__MARCUS_ I though he was also fake and started with $5000 in 7 days I received my profit of $56,000 thanks to AMBREY__MARCUS_ And when those investors get fleeced and Trump takes the money and runs, I’m sure they’ll express shock and dismay.
Source: Forbes - 🏆 394. / 53 Read more »

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