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Article: Why Trump's DWAC deal won't pay for his legal issues
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03-22-2024, 07:32 AM
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#1
- DanteEdmond
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- DanteEdmond
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Article: Why Trump's DWAC deal won't pay for his legal issues
https://www.cnn.com/2024/03/22/busin...res/index.html
When people mention the $450 million verdicts, Blumpflies cite the DWAC deal, which is allegedly for $4 billion. This article explains:
1). The DWAC stake that Trump will receive may be less liquid than his real estate holdings
2). Market is likely overvaluaing Trump Media, based on the company's fundamentals ("stock price is clearly a bubble")
3). Trump Media had just $1.1 million revenue in Q3, and the company posted a loss of $26 million
4). The amount of active users on Truth Social is also down 39% year-over-year
5). Since the market is grossly overvaluing Trump Media, Trump won't be able to easily sell the stock en masse or put it up as collateral
6). Banks and investors will be aware that the stock may tank significantly if Trump is looking to sell off his positions
When people mention the $450 million verdicts, Blumpflies cite the DWAC deal, which is allegedly for $4 billion. This article explains:
1). The DWAC stake that Trump will receive may be less liquid than his real estate holdings
2). Market is likely overvaluaing Trump Media, based on the company's fundamentals ("stock price is clearly a bubble")
3). Trump Media had just $1.1 million revenue in Q3, and the company posted a loss of $26 million
4). The amount of active users on Truth Social is also down 39% year-over-year
5). Since the market is grossly overvaluing Trump Media, Trump won't be able to easily sell the stock en masse or put it up as collateral
6). Banks and investors will be aware that the stock may tank significantly if Trump is looking to sell off his positions
03-22-2024, 08:34 AM
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#2
- NitrogenWidget
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this belongs in the insane CNN thread.
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