I have every intention of buying $20,000 in DJT stock 1 week after the official merger, and I will sell the day before Election Day. I am 100% convinced that foreign nations will be using this to funnel money to Trump's campaign, so the stock will skyrocket until election.
After that, win or lose, it will drop.
That's my theory, anyway, and it's where I'm putting my money.
Dumb Money-the Trump edition is back with Trump supporters of his money loser Truth Social media company artificially bidding up this "cult stock's" value before going public to give Trump a financial lifeline to pay his $500 million fraud judgment. Michael Popok explains how a company that LOST $50 million is worth $6 billion to Trump supporters, who will be crushed when Trump sells or borrows against his 80 million shares of stock to go public next week.
besides, he doesn't need it for bond. He had about half a billion in cash before this was announced.
Trump signals Truth Social windfall won't be used to post bond in fraud case. Former President Trump on Friday signaled he would not use a potential windfall from the merger involving Truth Social to post bond in a New York fraud judgment ahead of a Monday deadline. Shareholders of Digital World Acquisition Corp.1
Just more evidence of how dumb mush brains have underestimated all things Trump for a decade.
You've been told over and over. "never count out Donald Trump. Or as that Saudi Prince said of him after first meeting.. ""With this man anything is possible".
Trump on Saturday told his many online followers, "I LOVE TRUTH SOCIAL" - but shareholders in the newly merged company that will own that social media app might not feel so great after a sharp drop in price the day before. The shell company Digital World Acquisition Corp. saw its share price plunge nearly 14% in the hours following shareholder approval Friday morning of a merger with the former president's social media company to take it public.
If that drop accelerates in the coming weeks, the value of Trump's majority stake in the newly merged company, dubbed Trump Media, could be a bit lower than the $3 billion or so estimated before shareholders signed off on the deal Friday.
DWAC's stock, which hit a 52-week-high of $58.72 per share on Jan. 23 as the long-stalled merger appeared more likely to happen, had fallen to $44.20 per share as trading opened Friday morning just ahead of the shareholder vote. DWAC shares closed trading Friday afternoon at $36.94 per share.
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