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technocrit@lemmy.dbzer0.com to News@lemmy.world · 9 months ago

Trump Media, Owner of Truth Social, Looks to Issue $12B Worth of New Shares

www.coindesk.com

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Trump Media, Owner of Truth Social, Looks to Issue $12B Worth of New Shares

www.coindesk.com

technocrit@lemmy.dbzer0.com to News@lemmy.world · 9 months ago
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Trump Media Group (DJT) Registers Up to $12B in Equity
www.coindesk.com
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The parent company of social media platform Truth Social registered with the SEC to issue up 84,657,181 shares of Common Stock.

archive: https://archive.is/9bDI4

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  • givesomefucks@lemmy.world
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    9 months ago

    Man, hadn’t even thought about how much this fight would hurt both twitter and truth…

    Neither can survive with 50% of their users, this could kill them both.

    • Remember_the_tooth@lemmy.world
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      9 months ago

      Don’t get our hopes up.

      • givesomefucks@lemmy.world
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        9 months ago

        There’s a lot to be optimistic about when things are shitty.

        And it’s important to talk about them because people are more likely to fight for a positive than to avoid a negative, it’s basic human psychology.

  • hansolo@lemm.ee
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    9 months ago

    I would bet money this results in a mess of data centers in Hungary, maybe Serbia, maaaaybe Texas.

  • DominusOfMegadeus@sh.itjust.works
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    9 months ago

    Is 12 billion not more than the company is worth? How is this possible, and why would anyone buy these?

    • ToastedRavioli@midwest.social
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      9 months ago

      deleted by creator

    • bradorsomething@ttrpg.network
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      9 months ago

      The value of the shares is the number times the current share price, they’d naturally be worth less.

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