137
Trump 'tried to sell Truth Social to Musk' as SPAC deal stalled (www.theregister.com)
submitted 8 months ago by ZeroCool@beehaw.org to c/technology@beehaw.org
13 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[-] avidamoeba@lemmy.ca 54 points 8 months ago

Either way, Trump's Truth Social woes and finances might be getting a reprieve soon. The SEC approved the deal last month, which could be worth up to $10 billion. Trump, who would hold more than half the shares of the combined company, would reportedly stand to raise his net worth by some $4 billion - more than enough to handle those legal problems without Musk's help.

What the fuck.

[-] Neato@ttrpg.network 50 points 8 months ago

Feb 15 (Reuters) - The U.S. Securities and Exchange Commission allowed Donald Trump's media and technology company to merge with a blank-check acquisition vehicle in a deal that currently values the parent of his social media app Truth Social at as much as $10 billion.

So someone is essentially gifting Trump billions for a "merger".

[-] SnotFlickerman@lemmy.blahaj.zone 31 points 8 months ago

'MURICA, land of the endless access to money for the already-rich and politically connected.

this post was submitted on 13 Mar 2024
137 points (100.0% liked)

Technology

37702 readers
418 users here now

A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.

Subcommunities on Beehaw:

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago
MODERATORS
TheRtRevKaiser@beehaw.org
alyaza@beehaw.org
gyrfalcon@beehaw.org
SemioticStandard@beehaw.org
coldredlight@beehaw.org
rs5th@beehaw.org
Los@beehaw.org
TheRtRevKaiser@kbin.social
remington@beehaw.org