The biggest question about Trump’s Truth Social merger

The former president's social media company is going public and he stands to make potentially $3 billion dollars from his shares. Could that help cover his $464 billion dollar civil fraud fine in New York? Stephanie Ruhle breaks it down with Ron Insana and Bill Cohan.


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#Trump #TruthSocial #NewYork

[last]

The SEC just seems to be sitting on the sidelines watching a truck load of lemmings heading full speed for the precipice.

[vindiesel]

Two weeks ago lawsuits were swirling around between the creators of 'Truth Social' and Trump appearantly he was trying to squeeze the two guys out.

[niclewis]

1.1 million in revenue, decreasing users, over $26 million in losses. It's not worth $3 let alone $3 billion.

[jaredchilders]

The name Trump, and Truth in the same phrase. The only time that ever happens is when his social media is the topic of the discussion.

[KnotwhitDeBigauts]

Here comes Elon with his “x” merger with Pravda social 😂

[i-angacharmahworg]

Long life for Trump a real anthem against socialism.

[trishhunt]

In what world is Truth Social worth $3B? There's no way.

[Noreb]

the parent company lost a half billion dollars in one day after this was announced..

[diligentmindz]

He did have a listed company many years ago which he ran into the ground and no doubt caused small investors distress. Here we go again! Short that!

[Plint]

MSNBC sounds so deranged it’s starting to become really hilarious

[K-Kori]

Section 9(a) (15 U.S.C. § 78i(a)) – Prohibition Against Manipulation of Security Prices. Section 9(a) was designed by Congress to “prevent rigging of the market and to permit operation of the natural law of supply and demand. In short he will owe that money to the courts. Give us that tower lardo.

[davidmargolis]

I don’t care if I lose everything in my $DJT shares. I want trump to fix America 🫡

[gilbertarmendariz]

This seems like financial fraud to me.

[nicolehowe]

Let the billionaires lose their money too. 😂

[BrattyBetty]

Trump --- I don't know what to do. This is when I usually declare bankruptcy

[godblessthelessfortunate]

If his supporters can artificially drive up the stock price by creating demand, his opponents can short the stock to drive down the price. The stock price dropped about 15% this afternoon. 10% of the volume was from short sellers. We have entered the shorting season.

[earlclue]

they aint shipping the sneakers until july, after donny gets sentenced to prison

[stang]

4 million in revenue (sales) with a 49 million dollar loss, and people are going to buy the stock? Good luck with that. This will be just like a crypto rug pull

[JohnPeter-yfjf]

Putting $$ on when he sells his shares he goes back to Twitter

[smcdonald]

I never understood how a website is worth more than a company that makes food, machinery, medication, cars or planes.