Posted on 02/23/2024 9:14:00 AM PST by SeekAndFind
The IPO probably won’t go up that much. These things are used to bypass the IPO process and the speculators buy into them to get “the IPO” pricing.
That said, those who are suggesting it will reap billions might be overstating the actually benefit to the holders.
No one is going to loan against that. Is Truth Social generating that much income? The original DWAC dropped significantly in price at TS launched to mediocre results.
I have nothing against Trump using this to make money. I hope he makes billions. Just don’t see how that is going to happen.
A comment from another article about this:
“ Ritter said that in his opinion the merged company’s valuation — roughly $9 billion, based on Digital World’s current price — is out of sync with the Trump company’s financial performance. Trump Media generated $3.4 million in revenue and lost $49 million during the first nine months of 2023, Digital World said in a recent SEC filing.”
I am not sure how a company that is bleeding cash is worth $9 billion dollars?
And this is for service where Trump uses the primary competitor? Do you think the Chairman of Boeing uses an Airbus for their corporate jet? (I would…)
Agreed. CBS News reported this story earlier in the week and stated that Trump’s shares would be worth an estimated 3.95 BILLION dollars.
Despite the democrats best efforts, Trump will not be living in a dumpster anytime soon.
You are CORRECT sir.
From Fox Business...
“Should the merger go through, Trump would hold more than 78 million shares, which would be worth nearly $4 billion at current prices. “
[...Trump’s shares would be worth an estimated 3.95 BILLION dollars.”
It’s almost like Trump is smarter than all of his ankle biting government twerps...
LOL!
You know her (and her sponsors') conniving minds are working overtime. You know their mouths are watering.
trump doesn’t use twit. stay with the program. once the merger happens on 3/22, $300m transfers to tmtg, allowing it to grow ALL programs, including TMTG + streaming
$300 MM will last five months at the current burn rate.
$300 MM does not turn into $4 Billion. I mean the financial multiples just don’t work for that valuation. The second they convert, MOST of the folks who have been waiting for—and who are not restricted—will bail. I imagine Trump is “restricted” from selling for 90 days (which is normal.). By the time he can access the equity, it will likely be worth a LOT less than what people think.
Don’t misunderstand me, this has nothing to do with liking or disliking Trump. It has to do with how people make money off these things.
What about facebook’s initial valuation? weren’t they also posting losses at the time of their IPO?
Good idea. Except if 40 Wall Street were seized, James’ cohorts in crime would have it being worthless and abandoned in a year or two.
Facebok’s growth was always strong and the losses were due to capitalization of infrastructure. TS isn’t growing at nearly that rate. Honestly, it is a “one trick pony”, the interface is just bad, and with the exception of Trump, I don’t think I’ve ever seen it referenced anywhere else.
Maybe it is the best social media tool in the world. I don’t know about that. I have an account, but I haven’t looked at it in at least a year.
Without “eyes” you are not selling ads.
We’will see. I am merely suggesting folks temper their thoughts for a multi billion dollar payday.
Yep. I totally understand what you’re saying . I’m usually skeptical of almost all of the crazy valuations that I see on a daily basis, but then I’m obviously not that savvy or I would be stupid rich off an app at this point:) I haven’t paid much attention to his follower growth. Don’t know anything about thei value of their data mining or anything. I too wouldn’t buy into much of the hype at this point. . .
they had a $10m loss last year, 20m the year before, with ascending revenues. everything changes when this money comes in. they have a number of things teed up and ready to go
Was Facebook popular when it first came out?
By the end of 2004, TheFacebook had reached one million active users. However, the company still trailed the then-leading online social network, Myspace, which boasted five million members.
That is what folks are saying.
Every time I head about a “sure thing”, my spider-sense starts telling me to watch out.
Time will tell.
I don’t know that I’ve read from anybody that they think it’s a sure thing and I certainly don’t look at anything in this world is sure except the power of Jesus Christ in my life. But I will say that I love the overarching fact that an alternate economy is blossoming and giving those of us that are conservatives or Christians a platform and a voice is really a valuable and satisfying. Truth social is just one part of tmtg and they’re going to Branch out and all other mediums that have been our adversaries for so long. Other alternate options in life that aren’t necessarily affiliated with djt directly are Public Square which seeks to compete with Amazon, Rumble which competes with YouTube, Revere payments which completes with PayPal, Patriot mobile which competes with the other phone companies, Etc. To me it’s very exciting to watch this power rise up in our lives especially in contrast to what happened to us in 2020
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