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he's being called Don poleon on social media but Donald Trump's finances are about to get a big boost Trump media and
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Technology Group the parent company of Tru social will likely become a publicly traded company this week following
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Digital World acquisition Corps approval of a merger last Friday as we record this Trump just got a Lifeline for that
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judgment in his civil fraud case the bond was reduced from 454 million to 175 Million by the New York appeals court
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Trump now has 10 days to pose that Bond um I don't know why he gets a break but what do you think about this deal the
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Trump media and Technology gr has a market value of around five billion based on a $37 share price of digital
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world acquisition Corp TR Trump owns 60% his overall net worth will increase by about three billion that said you know
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this is a meme stock no matter how you slice it there's also a lockup provision in the merger agreement that would in
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theory prevent Trump from selling his shares for at least six months he can um a lockup agreement could be waved by the
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board which includes his son um his son uh don Jr Devon Nunes CEO and Linda McMahon who who used to run WWE or
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whatever she did over there uh they're all friends of but if he sells you know the price will go down if he sells
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there's going to be lawsuits of Plenty um it's obviously a meme stock or a way to to funnel him money somehow I'll say
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the last thing two last things dwac the spa that merged with um Trump's company was already a meme stock to start with
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um as Fast Company put it Donald Trump's true social could be the memiest meme stock that ever memed and once again
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Republican Mega donor Jeff Yas was the biggest institutional shareholder of dwac according to report in the New York
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Times he's also a major investor in Tik tok's parent company bite dance as we discussed last week uh I don't know this
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is a just a feels like a lawsuit like a Securities lawsuit waiting to happen but
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your thoughts Scott this is your area of expertise so say you were running for president and you needed a bond of half
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a billion dollars and you knew someone who was the largest shareholder in Tik Tok and you said if I become president
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I'll make sure it isn't banned or whatever it is you could get someone by virtue of the White House you could get
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them billions of dollars in shareholder value and you met with them on a golf course and you said oh and by the way
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there's a very small float in this back that I have a large interest in if you were just to throw say 10 20 30 million
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maybe 50 million at this thing and keep the stock price elevated that would make
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me very happy mhm because when you look at digital world acquisition company the
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spa that's I think desp backing to take over Trump's true social true social the
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numbers I've seen were that year to date it's done three and A5 million in Revenue something like that yeah the
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hottest AI companies stocks in the world are trading it like 60 or 70 times Revenue but but Donald Trump's truth
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social which has 5 million active users which they lose money literally nothing made $3.5 million is by a former
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Congressman term social media CEO Deon Nunes that's worth 600 times Revenue so something maybe it's just a meme stock
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but does it feel like a FL a way to give them money like it just totally does it's like this is going to be so
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investigated I can't even well okay let me be clear there's corruption all over Washington Nancy Pelosi it ends up is
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the greatest get speaker Pelosi or firmer speaker Pelosi is a God has Godlike stock picking capability as do a
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bunch of other members of Congress there is corruption on both sides of the aisle
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here this seems this this one really stinks he has the right to start a company as a private citizen he has the
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right to merge it with a back they have the right he has the right to sell it after six months I'm just speaking
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purely I have never seen a company that feels like a better short and this isn't financial advice because
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you have non-economic interests in this thing and it could go to a 100 if he's elected president but this is a company
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with three and a half million in Revenue that's trading for billions of dollars in value he he has the right to start it
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he has the right to sell that stock it's not going to happen in time unless maybe
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he can borrow against it I don't know who's mean it's got to be donors that take it's just oh h i just this is like
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so legal I want to file a lawsuit right now the President should be paid $10 million
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a year every Senator should be paid $1 million a year if not $2 million a year every representative every
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representative should be paid a million dollar a year for the following all of your stocks go into a blind trust and
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they're held there for five years after you leave office and you cannot go to work for anyone anyone that's going to
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benefit for a government contract pay these people a [ __ ] ton of money so they
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don't have to paint their fence while they're in office for when they get out of office it's just the corruption here
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is just it's just too tempting yeah I don't know if they I I think I just again and sells it'll drop the stock uh
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I think it's a way of giving him money this is what it feels like it's like a back way to do it I think you're right
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the fact that you're mixing social media Donald Trump Tik Tock and and stock meme
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stocks is just like literally it's the peak 2024 it's Peak 2024 this guy as always has found a way out he's got to
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be the luckiest [ __ ] in America he really is um that said I think this is just aching for L litigators to come at
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this and investigators and it'll be our it's our next thing whatever happens here whatever the emails they're trading
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by the way this company is also embroiled in all kinds of legal action with its current with with the people
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who started it there's all and the and the dwac guy there's all kinds of he's now suing he's now anti-trump and
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they're kind of anti-trump also the ones that love Trump So within this there's also more lawsuits there was a good
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piece in the Washington post about and they've been following it so there's lawsuits in ID of lawsuits inside of
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lawsuits which is sort of the the the the brand of Donald Trump so we'll see what happens here but I don't think he
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should necessarily rely on this but it's a it's a damn good way to get him money
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you know and of course it totally explains his flip-flop on Tik Tok give me a break you just have to follow the
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money with this guy because he's he's for sale and he loves money um and so he'll do whatever it takes to hold on to
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it he'll do what would you you'll sell a steak or water or a piece of [ __ ] University to do so so it's kind of
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gross grotesque in my feeling