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He’s not broke. TruthSocial is about to go public via SPAC and make him about $3.3B. Company will trade under ticker DJT.
From Reuters
This is all a nice distraction to rile his base.
DJT's public offering needs to be pushed out past the first or second week of May in order to screw Donnie over. He can't cash out any shares for six months, or use those shares as collateral for six months either.
If he loses in November, that stick becomes worthless.
He gets shares, which they value at that price now. It’s not a successful social media network. The price may drop once floated. He can’t touch the shares for 6 months. Without being propped up, it may be dead by then, although depending on launch, it may still be viable at that point as the election will still be ongoing. However, if he crashes and burns (jail, insovlency) before then, it could also crash and burn. He’s still in his Icarus phase.
S no, he doesn’t have 3 billion lying around. We also don’t know his debts, which may also be billions.
He can't cash that out in time to help with this, and what bail bondsman is going to take shares of a social media company as collateral?
Not sure who was making that value projection, but if it was a trump-involved party, you can definitely count on that being over inflated bullshit.
We all need to stop regurgitating trump headlines/talking points verbatim without attempting to add some context.
Yeah honestly it's hard to believe it could be worth that much.
If he died it would become worthless.
What a dumb investment.
I don't have that kind of money to risk, but this seems like a great opportunity to short a stock.