Oh well, I guess the New York communists need money from their bullshit judgement of $364 million for illegal aliens. Just a couple of days ago, the SEC cleared Trump’s Truth Social merger worth an estimated $10 billion dollars. I guess Trump can afford these bullshit judgements that weaponized communists judges will try to issue.
The U.S. Securities and Exchange Commission allowed Donald Trump’s media and technology company to merge with a blank-check acquisition vehicle in a deal that currently values the parent of his social media app Truth Social at as much as $10 billion.
The valuation is about half that of Elon Musk’s much more popular social media company X and follows two years of setbacks in the Trump company’s quest to complete a stock market listing.
It underscores how some investors, many of them fans of the former U.S. president, are ignoring Truth Social’s losses and limited user base because of Trump’s involvement.
The value assigned to the deal by the stock market has jumped more than threefold since January, as Trump tightened his grip on the Republication nomination for president. Trump will own between 58.1% and 69.4% of the combined company, depending on the extent to which investors back the deal.