GottaLaff ,
@GottaLaff@mastodon.social avatar

may be about to get $3 billion richer. But that likely won’t solve his cash crunch

Trump won’t be able to monetize that stake right away,” said Matthew Kennedy, senior initial public offering market strategist at Renaissance Capital…Not only that, but Truth Social appears to be shrinking.”

https://www.cnn.com/2024/03/22/business/trump-truth-social-dwac-shares?cid=ios_app

Aviva_Gary ,
@Aviva_Gary@noc.social avatar

@GottaLaff I was going to be all finance and fraud but then I read the comments and they are correct so there is that lol 😆

CarlG ,
@CarlG@esq.social avatar

@GottaLaff A shrinking company with quarterly revenue of just $1m (and a massive loss), but a nominal value of up to $6bn?

Dutch tulips anyone?

Wileymiller ,
@Wileymiller@mastodon.social avatar

@GottaLaff
That's what happens when you throw cold water on it.

GottaLaff OP ,
@GottaLaff@mastodon.social avatar

@Wileymiller My Costanza joke never fails

Wileymiller ,
@Wileymiller@mastodon.social avatar

@GottaLaff
Especially when it comes to the 🍄man

timo21 ,
@timo21@mastodon.sdf.org avatar

@GottaLaff The overvalued stock that everyone knows about makes me think of money laundering intentions here. No different than buying a condo for 10 times the real price.

TCatInReality ,
@TCatInReality@mastodon.social avatar

@GottaLaff
Still don't understand how the SEC allowed this obvious sham merger to go through, in open transgression of the SPAC rules.

MasterMischief ,
@MasterMischief@mastodon.social avatar

@GottaLaff What? The shoes aren't selling?

GottaLaff OP ,
@GottaLaff@mastodon.social avatar

@MasterMischief Gold is so passe

mrbruno ,
@mrbruno@mstdn.social avatar

@GottaLaff
Jerry : [Elaine is walking through the hallway, Jerry and George call her into the room] Elaine!
Jerry : Do women know about shrinkage?
Elaine : What do you mean? ...
Jerry : No, like when a man goes swimming... ...
Elaine : It shrinks?
Jerry : Like a frightened turtle!
Elaine : Why does it shrink?

GottaLaff OP ,
@GottaLaff@mastodon.social avatar

@mrbruno The very same.

ottaross ,
@ottaross@mastodon.social avatar

@GottaLaff what a short-seller's dream that IPO would be.

tdwllms1 ,
@tdwllms1@mstdn.social avatar

@GottaLaff

But can he use it as collateral and get some funds now from a sugar daddy

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