Let me Make this Pellucidly Clear

[malaise]

Truth Social will end up bankrupt just like every other Smelvis the SF Slobfather business.

That is all

[Wounded Bear]

1. Yeah, I don't get all of this "He's gonna make $3 billion in a day" crap...

[Think. Again.]

5. Nah, he can't cash it out for 6 months and then he'll have to ...

...figure out how to cheat on the capital gains taxes.

[Wounded Bear]

6. Understood, I just don't believe the IPO will churn $3 billion...nt

[BeyondGeography]

2. My money is on he will blow it plus the points

[malthaussen]

21. I hear he's planning to open a casino with the profits...

... after all, only a completely clueless idiot could lose money with a casino.

-- Mal

[OLDMDDEM]

3. I agree with you.

[Think. Again.]

4. Yep, and hopefully...

...will expose a paper trail of foreign actors who are manipulating the stock values just to launder cash to trump.

[malaise]

7. THIS

Rec

[jaxexpat]

13. Hopefully, there are Federal officials who know how to follow such a trail and......

do so, exposing it for the cause of righting wrongs now instead of after writing a book about it to enhance their retirement.

[Prairie_Seagull]

8. My gawd woman, you would be a bad enemy to have.

I tread carefully these day and I hope that statement doesn't piss anyone off. I mean if very positivly. My wife and 2 adult daughters have beaten most of the misogyny out of me and rightly so.

Further I hope you are right about false social.

[malaise]

10. LOL

After they piss you off enough, you have to respond in kind. I always call it as I see it

[niyad]

23. Women speaking up, speaking out, DARING to speak their truth, terrifies

them, as well it should. How DARE we???

A small story about speaking out: I dislike our city council (regardless of how many elections, they still suck), have for many years, and frequently called (and emailed) to express my disaprobation. Before the switchboard was automated, there were actual, live human beings answering the phone. I happened to be chatting with a friend one day, as we were checking out her roses. Her next door neighbor came over to talk to her, and we were introduced. She looked at me for a minute, and then said, "I know your voice! I talk to you all the time!." She was one of the council staff. Cracked me up.

[niyad]

9. I fail to understand how something that lost over 30 million its first

year is now, just a couple of years later, supposedly worth billions?? Did they strike oil?

[malaise]

11. It's all BS sis

like his entire life

[niyad]

16. That it certainly is. A fool and his money. . .

[malthaussen]

24. For me, it's vindication of a sort.

As one of those university-educated geek/nerd suburban boys, it always got under my skin when the rural rednecks would brag about how they had all the "common sense" and didn't need that fancy book-larnin'. Now those selfsame chumps are taking out mortgages to pay for the most transparent grift since the Catholic Church. I don't know if that's karma or schadenfreude, but it's probably both.

-- Mal

[niyad]

26. I can well understand your sentiment. One of my favourite comebacks

to "common sense" is a puzzled, "but why is it called "common" , when it is so rare???"

[lonely bird]

12. Nah

They struck stupidity.

[niyad]

15. Sadly true.

[SunSeeker]

22. Apparently that's based on the stock price of the company, DWAC, that Truth Social is merging with.

That $3.5 billion figure is based on the current trading price of DWAC and the number of shares that Trump will own after the merger closes. 

"In the short term, if a lot of people say, 'I don't really care what it's worth, I'm just gonna keep buying it, and I'm gonna keep propping it up,' you can do that for a reasonable period of time," said Harry Kraemer, a professor specializing mergers and acquisitions at Northwestern University's Kellogg School of Management. That "almost defies economic logic, but there we are," he said.

Some of DWAC's shareholders appear to be Trump followers, as one group on Truth Social includes more than 7,850 users who have been communicating about the stock and its prospects. That raises the possibility that DWAC's shares are currently getting a lift from Trump's supporters at a time when Trump is moving closer to securing the GOP nomination for president.

Trump Media booked $3.7 million in revenue in the first nine months of 2023 and "expects to incur significant losses into the foreseeable future," according to a regulatory filing. Unless it can rapidly boost its revenue or turn a profit, it could have difficulty maintaining its lofty valuation, experts said.

"Given the fact that their sales last year were less than $5 million, and they're losing significant money, it is hard to believe that the long-term economic value of this company could even be as high as $100 million," Kraemer said. "So talking about billions is absolutely ridiculous from an economic standpoint."

https://www.cbsnews.com/news/trump-media-dwac-merger-vote-3-5-billion-lock-up-cbs-news-explains/

[niyad]

25. Thank you for that most informative article.

[SunSeeker]

28. I find it mindboggling, like you. But I guess a stock is worth whatever people are willing to pay for it.

And right now Trump supporters are driving up the stock price of DWAC. It's insane.

Kinda like those inane "digital trading cards" Trump sold for $4.6 million. https://www.forbes.com/sites/brianbushard/2023/04/19/trumps-digital-trading-cards-sell-out-again-for-46-million-but-its-unclear-how-much-he-made/?sh=674473ac229b

Trump’s superpower is getting racists to part with their cash.

[niyad]

30. Of course you are absolutely correct about it being worth whatever

the marks. . errrr. . rubes. . .uhhhhh. . .investors. . .are willing to pay fir it.

[et tu]

14. smoke and mirrors

and help from msm~

[Bo Zarts]

18. House of cards ..

and a little help from his nefarious foreign friends.

[et tu]

20. that 2, bz nt

[malthaussen]

17. No question about it. n/t

[sarchasm]

19. yep.

[PJMcK]

27. This is an easy one

Trump fails at everything! None of his ventures succeed in the end. Truth Social was a stupid idea from the beginning. Did he really believe he could compete with Twitter?!

You got this one nailed, malaise.

[Warpy]

29. Yes, probably because he's going to unload his stock quickly

in an attempt to salvage some of his real estate empire like his money losing golf course/resorts.

As the stock gets dumped onto the market, its value will nosedive.

[GreenWave]

31. One of these days I will patent this thread title!

Just kidding,

[llmart]

32. Oh Malaise,

Someday you need to write a book with the title "Let Me Make This Pellucidly Clear".

I'd buy it!

[malaise]

34. ROFL

[2naSalit]

33. Everything he touches.

It's like he's the anti-Midas or something!

[trusty elf]

35. Everything smelvis touches dies and stinks to high heaven!

hi malaise!