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Scrivener7

(50,949 posts)

37. So I wonder which is correct. Morningstar and Marketwatch are both decent sources.

Reply to dumbcat (Reply #33)

Tue Mar 26, 2024, 07:42 PM

Mar 26

And here is another completely different set of numbers from AP: https://www.democraticunderground.com/10143216118

Either way, he's pulled a money laundering scam and his money troubles are over. And that pisses me off.

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37 replies

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No, Trump is not getting $3 billion from Truth Social [View all] edhopper Mar 26 OP

The value obviously goes way down Johonny Mar 26 #1

Like the presidency & his constituents RevBrotherThomas Mar 26 #15

Not necessarily. CincyDem Mar 26 #17

Its up big today so far Johonny Mar 26 #24

oh yeah - on that we agree. CincyDem Mar 26 #25

You made a good argument why Trump "may not" get 3 billion, gab13by13 Mar 26 #2

True. But the use of the SPAC is done specifically so the SEC WON'T be keeping an eye on it. Scrivener7 Mar 26 #3

Yes edhopper Mar 26 #6

Not till the merger goes through, and not till he has enough collateral on paper that Deutsch Bank or Scrivener7 Mar 26 #7

The merger already went through. TwilightZone Mar 26 #9

The collateral is his stake in the stock on paper. Which is now at $73 per share. Scrivener7 Mar 26 #11

also d45 could ask et tu Mar 26 #16

With the way his board is MAGA stuffed... CincyDem Mar 26 #26

A president in debt to foreign entities, you say? Diamond_Dog Mar 26 #4

The Securities Exchange Commission(SEC) does not mess around. ProudMNDemocrat Mar 26 #5

The price is inflated, it is losing money, gab13by13 Mar 26 #10

They're not going to shut it down just because the valuation is high. TwilightZone Mar 26 #13

If he's able to walk off into the sunset with 3 billion dollars ecstatic Mar 26 #8

Smart investors aren't going to invest in DJT, gab13by13 Mar 26 #12

don't be so sure buying a share could be viewed as a patriotic gesture dembotoz Mar 26 #23

The price this morning is $73. If that holds, he'll get a lot more than $3 billion. Scrivener7 Mar 26 #14

How ridiculous. Just goes to show how great is to have my retirement dependent on a market of nonsense. SouthernDem4ever Mar 26 #21

So how does that work? dumbcat Mar 26 #29

In Feb, when the stock worth was estimated at $48, the estimate of the value of his personal stake was $3.8 billion. Scrivener7 Mar 26 #30

I got the market cap from dumbcat Mar 26 #33

If it were $10,000 it would be over-priced. SouthernDem4ever Mar 26 #36

So I wonder which is correct. Morningstar and Marketwatch are both decent sources. Scrivener7 Mar 26 #37

Wu Han ??!! DoBW Mar 26 #18

Thanks for this post that clearly breaks down the truth social stock situation. n/t iluvtennis Mar 26 #19

Does it really? gab13by13 Mar 26 #28

Yes, it does for me. It says there is no immediate $3 Billion windfall for trump. He has to wait 6 months iluvtennis Mar 26 #32

Gee-Whiz... czarjak Mar 26 #20

Like Mark Cuban said the other day... WarGamer Mar 26 #22

Trumpers will say it's made up Democratic propaganda that he's in debt to foreign leaders BlueKota Mar 26 #27

Can you say "pump and dump"? I knew that you could ... Straw Man Mar 26 #31

It's just another NFT Emrys Mar 26 #34

DJT is a meme stock that relies on the greater fool/idiot theory LetMyPeopleVote Mar 26 #35