There was a flotation of trump technology et al yesterday. HERE is one article on it. Here is Stephanie Ruhle on it as well.
Just a few comments from me.
It is insane it is worth more than either twitter or reddit. It has not made any money as yet and no-one knows when it will which means the PEs make no sense at all. In one sense it does remind of the tech bubble.
Trump is unlikely to sell any shares. It could lead to a selling rout. Only allowing a limited amount of shares is a strategy to keep the share price high. It is unlikely he could get a loan on the basis of the shares as any financial institution would have little idea of how much the shares are actually worth if trump was forced to sell them
Damn I forgot one of the most important things from all this. An US billionaire is a minority shareholder but highly influential. With him in tow the shares remain high. He has 'changed' trump's mind on tik tok and he now has him by the balls here. Not good if you are a presidential candidate
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