Trump Is in Line for a $3.5B Windfall from Stake in Truth Social

5 points by dannylandau 2 years ago · 4 comments

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8organicbits 2 years ago

Twitter sold for a (seemingly excessive) $44B. What justifies $3.5B for Truth Social?

Arnt 2 years ago

Magic! Magic justifies it!
There are tens of thousands of retail investors paying ridiculous prices for the smallish available part of the shares. That doesn't mean that there will be takers for the large part held by orangehead.
r721 2 years ago

SimilarWeb's traffic estimates (Feb 2024), for context:
twitter.com - Total Visits 5.8B
https://www.similarweb.com/website/twitter.com/#overview
truthsocial.com - Total Visits 5M
https://www.similarweb.com/website/truthsocial.com/#overview
skhunted 2 years ago

It would most likely be a way to legitimize bribes.

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