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Post being replied to

I'd have to see the nature of the losses, as often companies by krudler

do their best to show tax losses to avoid paying taxes and to get carryforwards. I don't care enough about this stock to look it up at the moment, but $60M does seem pretty large on that level of revenue. What's particularly egregious to me is that absurd valuation on only $4M of revenue. If CapIQ is to be believed, the current stock price implies a $6.24B enterprise value, implying an LTM revenue multiple of 1,560x. Anyone going long at that value has to hate money.

Usually there's a 6-12 month lock-up period on the SPAC sponsors, and it would be very difficult (impossible) to dump 60% of the company in one day, so when he's ultimately able to fully exit his position (if he chooses to do so) it's highly likely that it will be at a tiny fraction of this value. Also I doubt it's a great acquisition target for X as I'm sure there's a decent amount of overlap between X users and Truth Social users, so X wouldn't be acquiring the full 9 million users (assuming they're all even unique users and not bots).