Truth Social is merging with DWAC.

On paper, Trump just made $3B.

If he can strike a deal with the BOD, he might be able to borrow against his position to fund his NY legal issues.

This seems like a yuge win for him.

Shares of Digital World were snapped up by Trump’s supporters in a social-media buying frenzy. Their goal was to express support for Trump and mint new fortunes for themselves and the former president. Trump now has that fortune—his roughly 60% stake will be worth about $3 billion when Truth Social begins trading—at least on paper.

It isn’t clear when he could turn his Truth Social investment into cash. Trump’s shares are locked up for six months. To sell or borrow against the stake before then, he would need a waiver from the company’s board, which includes one of his sons and several former members of his administration.

Click here for link at https://www.wsj.com/finance/stocks/trump-is-now-a-stock-6798

Replies:

Finance people: are SPACs never sketchy? - ravenium 2024-03-26 14:19:00
- It's an easy way to IPO, so kind of shady. * - EricCartman 2024-03-26 18:25:45
  - Yep, easier for a crooked management team to go public - gregmorrissey 2024-03-26 19:13:30
- Not a finance person, but my son helped take a company - IAND75 2024-03-26 15:46:50
  - Interesting - ravenium 2024-03-28 17:13:31
    - It gets to public funding quickly with fewer constraints - IAND75 2024-03-28 19:35:40
The key words being "on paper" - sprack 2024-03-25 18:15:38
- When can Trump begin selling his shares - fontoknow 2024-03-26 10:45:40
  - Locked up for six months, per the WSJ link above. * - EricCartman 2024-03-26 11:08:01
- Stock is up 40% today. - EricCartman 2024-03-26 10:11:45
  - Only if apes have diamond hands * - AIRBORNEIRISH 2024-03-26 18:34:39
    - Bro, diamond hands or GTFO. - EricCartman 2024-03-26 19:26:17
      - It's gambling on a meme stock. - ocnd 2024-03-27 16:18:14
      - Trump has tiny tiny paper hands - airborneirish 2024-03-27 10:31:42
  - Yeah, when the shares are sold - sprack 2024-03-26 11:07:23
  - This could be an interesting way to get around campaign - AquinasDomer 2024-03-26 10:32:31
    - Campaign finance restrictions still exist? (Maybe only for - otters92 2024-03-26 10:43:13
- It’s public. You can hedge the loan with puts. - EricCartman 2024-03-25 22:17:49
  - Check out the put prices. Ouch - gregmorrissey 2024-03-26 10:16:50
    - It’s a very difficult stock to short - DBCooper 2024-03-26 16:04:48
      - Trump owns 60%. There is no way that he is lending out... - EricCartman 2024-03-26 19:24:55
      - Shouldn't there be zero for 30 days post IPO? - AIRBORNEIRISH 2024-03-26 18:35:54
        Only underwriters can’t lend for 30 days - DBCooper 2024-03-26 20:30:36
        Back to EC's point though - DJT owns the vast majority - AIRBORNEIRISH 2024-03-28 11:43:24
        This is very interesting stuff. - airborneirish 2024-03-26 20:54:54
    - For DJT? - EricCartman 2024-03-26 10:25:46
      - Pulled from Yahoo Finance - gregmorrissey 2024-03-26 10:30:25
        I refreshed and the option chains appeared. - EricCartman 2024-03-26 11:07:23
        How could they hedge at those prices? - gregmorrissey 2024-03-26 11:32:48
        I never said the hedge was cheap. * - EricCartman 2024-03-26 15:51:42
For a company that had 3 million in revenue through the - wpkirish 2024-03-25 17:16:04
- Every single one of those users is a mental - ACross 2024-03-25 17:31:00
  - Nobody ever went broke underestimating the intelligence - jt 2024-03-25 20:39:45
  - I dont remember whose analysis I was reading but the - wpkirish 2024-03-25 17:45:50
    - This is truly the golden age of the grift. * - Revue Party 2024-03-25 18:37:39
      - Today’s installment - The Bible - IAND75 2024-03-26 14:13:13
        The Coach can't compete. (link) - Revue Party 2024-03-26 17:01:18
      - A new sucker logs on every minute. * - BigBadBrewer 2024-03-25 21:44:22
      - I read a long piece today on Andrew Huberman - ACross 2024-03-25 21:40:59
        For what it's worth (link) - StetsonDan 2024-03-26 09:05:52
        "I had never heard of him before today." - EricCartman 2024-03-27 12:01:52
If it follows typical SPAC deal trajectory - IAND75 2024-03-25 14:29:23
- Trump's problem... - Kbyrnes 2024-03-25 14:58:54
  - Bezos was also a young man back then. Trump . . . isn't * - sprack 2024-03-25 18:17:14