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