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Trump Is in Line for a $3.5B Windfall from Stake in Truth Social (wsj.com)
5 points by dannylandau 817 days ago
1 comments
8organicbits 817 days ago
Twitter sold for a (seemingly excessive) $44B. What justifies $3.5B for Truth Social?
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Arnt 817 days ago
Magic! Magic justifies it!

There are tens of thousands of retail investors paying ridiculous prices for the smallish available part of the shares. That doesn't mean that there will be takers for the large part held by orangehead.

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r721 817 days ago
SimilarWeb's traffic estimates (Feb 2024), for context:

twitter.com - Total Visits 5.8B

https://www.similarweb.com/website/twitter.com/#overview

truthsocial.com - Total Visits 5M

https://www.similarweb.com/website/truthsocial.com/#overview

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skhunted 817 days ago
It would most likely be a way to legitimize bribes.
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