970x250
750x300
Business

As a stock market deal closes, Trump is expected to receive billions.

As a stock market deal closes, Trump is expected to receive billions.
As a stock market deal closes, Trump is expected to receive billions.

The new firm may give the former president an exemption from the minimum six-month ban on selling or transferring his shares.

Another option for Mr. Trump would be to try to obtain a loan secured by the share value. However, given the possible hazards of the business, analysts predicted that a bank would likely lend him far less than the shares’ face value in this instance.

Some of his admirers are still holding out hope that their support will assist despite this.

Mr. Nedohin, who goes by Captain DWAC on Truth Social and calls himself a Canadian “worship leader” on his website, declined to be interviewed.However, he urged investors to approve the purchase this week on his show, suggesting that it may aid the former president in his legal fights.

“Who knows? If the merger closes on Friday at 10 a.m. and Trump suddenly owns… shares in DJT valued at three, four, or five $10 billion? He claimed he could simply use that as leverage to obtain a loan.

He continued: “This is putting your money where your mouth is for free speech to save your country, potentially losing it all.”

Experts say there’s a big chance investors in the digital world may lose money on their investments.

READ ALSO  Bawumia at the Telecel launch: "Communication plays a vital role in shaping modern society."
Since the announcement of plans to buy Trump Media in 2021, share values have fallen from their peak.However, they continue to suggest that Trump Media is worth approximately $5 billion even after Friday’s decline, which is significant considering the company lost almost $50 million and only made $3.3 million in revenue in the first nine months of last year.

Through the transaction, Trump Media will receive an infusion of capital exceeding $200 million, which it may utilize for development and expansion.

Truth Social, which opened to the public in 2022 and bills itself as a rival to well-known social networking sites like Facebook and Twitter, is still modest for the time being.

Trump Media states in regulatory filings that it has signed up 8.9 million people, but cautions potential investors that it does not monitor indicators such as user growth or interaction that could provide them with an understanding of the company’s activities. Furthermore, it states that it does not plan to do so.

Previous page 1 2 3Next page
Show More
Back to top button
Design by FLY MULTIMEDIA GHANA

Adblock Detected

Please consider supporting us by disabling your ad blocker