Trump's Net Worth Plunges $700M As Social Media Site Truth Social Flops.

[g5000]

But.....But.....But.....5 with Nine Zeros is a lot. Or so goes his logic.

6 zeroes.

 

[g5000]

This was posted by Evil Eye Fleegle you of course chose to ignore it or not believe it.

Truth Social Execs Facing Financial Catastrophe As Deadline Looms.

MSN

According to report from the New York Times, two different investigations are tying up the merger between Digital World Acquisition Corp. and Trump Media & Technology Group with $300 million at stake.

As the Times reports, "That deal has been waylaid by two intensifying federal investigations. One is focused on whether preliminary merger discussions between Digital World and Trump Media violated federal securities laws. The other investigation is looking at whether a group of early investors in Digital World — who were brought into the deal by [deal architect Patrick] Orlando — engaged in improper trading."

With a six-month deadline looming, there is concerns by executives from both companies that two federal investigations won't wrap up in time and they will have to refund the money dumped into the company's early investors.

It is the idiots who join the site, it's the big money people who invest that count. Right now, that count is dwindling.

Yeah, right out of the gate, Trump broke the law with his media company.

The man has never lived an honest day in his life.

 

[0311]

I don't know that 5 million users is a failure. How many users on Joe Biden's social media? Any of his other businesses? Oh yeah, Joe's only customer is China.

How very lame of you. Pushing a sound bite while ignoring the millions of dollars Ivanka made on her patents from China, after the Orange Shit Gibbon imposed tariffs that somehow did NOT effect her business.

 

[0311]

6 zeroes.

I was using MAGA Numbers.

 

[toobfreak]

And you are brain dead followers that believes everyone of his lies.

I don't believe anything Biden lies about. Who did you stupidly think I was talking about?

 

[toobfreak]

How very lame of you. Pushing a sound bite while ignoring the millions of dollars Ivanka made on her patents from China, after the Orange Shit Gibbon imposed tariffs that somehow did NOT effect her business.

Poor baby.

 

[Dante Reawakened]

The former president’s fortune dropped from an estimated $3.2 billion last fall to $2.5 billion today. The biggest reason? His social media business, once hyped to the moon, has come crashing down, erasing $550 million from his net worth—so far.

Trump’s Net Worth Plunges $700 Million As Truth Social Flops

The former president’s fortune dropped from an estimated $3.2 billion last fall to $2.5 billion today. The biggest reason? His social media business, once hyped to the moon, has come crashing down.

www.forbes.com

In October 2021, Donald Trump was eager for revenge. Nine months earlier he had been banned from Twitter, depriving him of his primary means of communicating with his followers. His solution? Build his own Twitter. Dubbed Truth Social, it had the potential to boost Trump’s fortune by billions. As soon as he announced the plan, supporters piled into Truth Social’s special purpose acquisition company, or SPAC. Shares of the SPAC, Digital World Acquisition Corp., shot up from $10 to $175 in two days, implying that the business was worth $22 billion, his interest amounting to $19 billion.

The hype never lined up with reality. In December 2021, a group of big-money investors promised to inject $1 billion in cash into the venture—but only if they got a sweetheart deal. By that point, shares were trading for $45 on the open market. But under the agreement, the new investors would be guaranteed a profit as long as the shares stayed above $10. When previously estimating the value of Trump’s stake, Forbes used that $10-per-share figure and came to $730 million.

.

 

[Dante Reawakened]

or...

 

[g5000]

I don't know that 5 million users is a failure.

4 million of them are FSB agents.

 

[0311]

Yeah, right out of the gate, Trump broke the law with his media company.

The man has never lived an honest day in his life.

The Traitor never saw a law he would not break.

 

[MarathonMike]

Losercrat Trump Hater delights in paper losses of a billionaire. PFFFFFT

 

[toobfreak]

4 million of them are FSB agents.

Leave it to a Derp like you to believe there even are 4 million FSB agents!

 

[Biff_Poindexter]

If? IF? I guess you haven't really followed and listened to the guy.

No, I don't follow him....



But let me know when he starts having rallies every month and begging for donations because of how much successful billionaire businessmen need donations...then we can talk

 

[Biff_Poindexter]

Losercrat Trump Hater delights in paper losses of a billionaire. PFFFFFT

 

[Meister]

The former president’s fortune dropped from an estimated $3.2 billion last fall to $2.5 billion today. The biggest reason? His social media business, once hyped to the moon, has come crashing down, erasing $550 million from his net worth—so far.

Trump’s Net Worth Plunges $700 Million As Truth Social Flops

The former president’s fortune dropped from an estimated $3.2 billion last fall to $2.5 billion today. The biggest reason? His social media business, once hyped to the moon, has come crashing down.

www.forbes.com

In October 2021, Donald Trump was eager for revenge. Nine months earlier he had been banned from Twitter, depriving him of his primary means of communicating with his followers. His solution? Build his own Twitter. Dubbed Truth Social, it had the potential to boost Trump’s fortune by billions. As soon as he announced the plan, supporters piled into Truth Social’s special purpose acquisition company, or SPAC. Shares of the SPAC, Digital World Acquisition Corp., shot up from $10 to $175 in two days, implying that the business was worth $22 billion, his interest amounting to $19 billion.

The hype never lined up with reality. In December 2021, a group of big-money investors promised to inject $1 billion in cash into the venture—but only if they got a sweetheart deal. By that point, shares were trading for $45 on the open market. But under the agreement, the new investors would be guaranteed a profit as long as the shares stayed above $10. When previously estimating the value of Trump’s stake, Forbes used that $10-per-share figure and came to $730 million.

Oh, the ebb and flow of one's wealth.
The market IS off it's highs, I would expect a person who
invests in America is not as wealthy...ON PAPER.

 

[toobfreak]

But let me know when he starts having rallies every month and begging for donations because of how much successful billionaire businessmen need donations...then we can talk

Trump is the only president I know who ever spent millions of his own money to get elected, his own money completing projects for his city or to help other people, even donating his salary while in office.

Joe's not spent one dime of his own money. He has people like you who pay for everything from his Corvette, to the food on his plate right down to the Jenny ice cream in his $25,000 freezer.

 

[0311]

That's not true. That would be a worse case scenario only if he sold it. You should read your own link.

Besides, I heard not long ago that the site was doing well, but if it sags, just all the more reason for Trump to return to Twitter.

The Traitor needed investor's for his TruthSocial, no way was he going in alone. Investor's must file financial reports, in those reports would be the money invested in TS (Tough Shit...that's what was for them...Tough Shit) TS has to file financial reports as well, losses and earnings. Investor's who do NOT get a return on that investment must report that loss, TS must report losses. It is NOT subscribers that are shit for brains dumb enough join the site, it is the investor's who put their money into the site that count.

 

[toobfreak]

The Traitor needed investor's for his TruthSocial, no way was he going in alone. Investor's must file financial reports, in those reports would be the money invested in TS (Tough Shit...that's what was for them...Tough Shit) TS has to file financial reports as well, losses and earnings. Investor's who do NOT get a return on that investment must report that loss, TS must report losses. It is NOT subscribers that are shit for brains dumb enough join the site, it is the investor's who put their money into the site that count.

Who does Joe get to invest in his social media?

 

[Biff_Poindexter]

Trump is the only president I know who ever spent millions of his own money to get elected, his own money completing projects for his city or to help other people, even donating his salary while in office.

Joe's not spent one dime of his own money. He has people like you who pay for everything from his Corvette, to the food on his plate right down to the Jenny ice cream in his $25,000 freezer.

Well, Trump is a billionaire....so while he so-called spent millions, he made millions back....which is why he ran for president in the first place -- it was a vanity project.....

But keep simping for billionaires you didn't give a fuck about until they told you the black guy wasn't born here

 

[toobfreak]

....which is why he ran for president in the first place -- it was a vanity project.....

So the theory goes. Meantime, Trump claims quite differently. And I guess you think Joe's reasons for running are wholly altruistic!

But keep simping for billionaires you didn't give a fuck about until they told you the black guy wasn't born here

Is this another false quote that Trump never said?

Maybe you ought to focus more on the things actually said by that resident in the WH: