Putting aside any feeling you may have for or against Trump, WTF does TMTG do? From what I can tell, it runs Truth Social and is planning to launch a streaming service.
I did some quick googling and Truth Social appears to be a mastodon instance with a non-default backend that is free to use with 600k active monthly users.
Facebook alone (not including other META products) has 2.9 billion active monthly users.
What’s so valuable about it? Sure, they are probably running ads. But why would someone advertise on Truth Social over Facebook? Is the conversion rate somehow better on truth social?
Oh come on just because we hate Trump doesn’t mean we should kid ourselves, there’s a lot of value to having access to 600k of the easiest to scam rubes on the planet.
And outside the cult, it’s a bet that Truth Social would become a vector for bribing the president of the United States. If people are going to bribe Trump by pumping his share price, you can get a cut.
The idea was that the Saudis and Russians pump money into the stock to keep the price propped up until Donny can cash out, but that only works if you have enough cash to backfill the volume ratio as needed. It would work a lot better if they could have been quieter about it, but Trump basically makes billions as long as the price doesn’t actually go to zero since his shares are grants for using his “brand.”
It’s not so much money laundering as a completely legal path for foreign agents to buy favors from a possible US President.
Putting aside any feeling you may have for or against Trump, WTF does TMTG do? From what I can tell, it runs Truth Social and is planning to launch a streaming service.
I did some quick googling and Truth Social appears to be a mastodon instance with a non-default backend that is free to use with 600k active monthly users.
Facebook alone (not including other META products) has 2.9 billion active monthly users.
What’s so valuable about it? Sure, they are probably running ads. But why would someone advertise on Truth Social over Facebook? Is the conversion rate somehow better on truth social?
600k active accounts. Maybe half of them are real Americans.
Money + laundering of said money = most shit Dump has his name on
Oh come on just because we hate Trump doesn’t mean we should kid ourselves, there’s a lot of value to having access to 600k of the easiest to scam rubes on the planet.
Nothing.
It’s a very unusual situation.
It’s basically a proxy for a bet on whether Trump will get a second term. That’s why it took a dump after the debate didn’t go well.
Supporters want to say they have some TMTG shares, and are happy to pay absurd prices for shares without reference to the actual value.
And outside the cult, it’s a bet that Truth Social would become a vector for bribing the president of the United States. If people are going to bribe Trump by pumping his share price, you can get a cut.
Money laundering.
From stock sales? Are they buying directly from the company? If not, I don’t think the company sees the money
The idea was that the Saudis and Russians pump money into the stock to keep the price propped up until Donny can cash out, but that only works if you have enough cash to backfill the volume ratio as needed. It would work a lot better if they could have been quieter about it, but Trump basically makes billions as long as the price doesn’t actually go to zero since his shares are grants for using his “brand.”
It’s not so much money laundering as a completely legal path for foreign agents to buy favors from a possible US President.