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[ksquared]

And the good news is... Trump Is in Line for a $3.5 Billion Windfall From Stake in Truth Social
Supporters who have driven up share price are expected to vote Friday to take company public
By Amrith Ramkumar Updated March 20, 2024 6:45 pm ET
(Not a done deal yet, but close. This could ease Mr. Trump's financial woes by a large margin.)

Trump supporters have been expressing their political views by buying into a deal to take Truth Social public. PHOTO: MIKE STEWART/ASSOCIATED PRESS
Donald Trump’s supporters are pushing to hand him a nearly $3.5 billion windfall by driving up the value of his also-ran social-media platform, which is on the cusp of getting approval to list on the stock market.

Trump’s winning lottery ticket would come from Truth Social, the social-media platform he launched in 2021. After a twisted path that included tens of millions of dollars in losses and insider-trading convictions, the shell company taking Truth Social public became the market’s latest meme stock. Trump’s supporters banded together to push up the stock, valuing Truth Social to a staggering $6 billion.

Truth Social could go public as soon as next week, but the deal still needs to be approved by shareholders. Even if that happens, Trump must hold his shares for six months.

Truth Social was created by Trump when he was bounced from the major social-media platforms. Since the presidential candidate was reinstated by Facebook and X, formerly known as Twitter, Truth Social has instead become a potential huge paycheck...

The rest is here. If you want to read the whole thing, PM me.
https://www.wsj.com/finance/stocks/trump-is-in-line-for-a-3-5-billion-windfall-from-his-stake-in-truth-social-eae58c9d?mod=hp_lead_pos5

@Bull11/08/2020 @Gmenfan @SkeBallLarry @pos_stock_hoarder