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Joined 1 year ago
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Cake day: September 27th, 2023

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  • Trump, a main draw for Truth Social users and many retail investors in the company, said earlier in September that he will not sell his stake. The stock price briefly shot up after his remarks.

    Other early investors have made no such promises. They include ARC Global, a sponsor of the blank-check firm that took Trump Media public, and United Atlantic Ventures, an entity controlled by two former contestants on Trump’s reality show “The Apprentice.”

    I believe it’s not only that these investors made no promises not to sell, but that several of them specifically expressed that they would be selling as soon as they were legally allowed to do so.

    It’s hard to accurately value Truth Social. But I think if Trump were to leave the platform, its value would go to zero, and that makes it very risky. I just saw a price of 12.74. I wouldn’t be surprised if it’s still quite overvalued, and so it makes sense for those investors to try to sell at this price.




















  • There wasn’t some grand conspiracy to implement it, all that happened was the rich being opportunistic and taking advantage of a broken system as per usual.

    Does anybody truly believe that conservatives behind these programs believed they were giving free money to help out poor people? That goes directly against their usual platform.

    In my opinion, the thing you’re describing, where rich people convince politicians to give them money, while selling it as a way to make poor people wealthier, is a grand conspiracy, and the politicians were in on it.

    It’s obvious if you compare it to an actual alternative: Take the same money and instead of giving it to rich people, use it to help poor people start small businesses through grants, tax breaks, and discounted loans.

    I think it couldn’t be more blatantly obvious, but everybody is entitled to their own educated opinion.