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

79 points · 6 comments · view on lemmy.world

6 Comments

givesomefucks@lemmy.world · 28 pts · 1y (2 replies)

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.

Don't get our hopes up.

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 · 9 pts · 1y

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

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

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

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