jeffw@lemmy.worldM to

News@lemmy.world · 8 months ago

Trump’s Net Worth Falls by $1 Billion as His Media Company’s Stock Plunges

www.thedailybeast.com

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Trump’s Net Worth Falls by $1 Billion as His Media Company’s Stock Plunges

www.thedailybeast.com

jeffw@lemmy.worldM to

News@lemmy.world · 8 months ago

It turns out a company with $4 million in revenue and $58 million in losses might not be worth $8 billion, after all.

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8 months ago

this wild IPO valuation is indicative of fraud of some kind… probably plain old money laundering…

It wasn’t an IPO - it’s doubtful they would have fulfilled the regulatory requirements for an IPO.

DJT is a SPAC.

https://en.wikipedia.org/wiki/Special-purpose_acquisition_company

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