SEC clears Trump's social media deal worth as much as $10 billion

submitted by xoenix from reuters.com

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newinsightfulfun

[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Inflated value. His media company will die a slow cockwithering death just like everything else he touches, kinda like Musk's X.

[–]iamonlyoneman 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

haters on suicide watch

[–]LordoftheFlies 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

Nah, I think they'll die of rage-induced aneurysms long before the point of necking themselves over this.

[–]Bitch-Im-a-cow 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

So the SEC is allowing this merger to go ahead despite the fraud committed by Digital World: https://www.sec.gov/news/press-release/2023-135

Though the combined company (DWOC+TMTG) is now worth $10 billion, thanks mainly to Digital World, it seems their profits will depend again on misinformation. They're misinformation specialists.

[–]WoodyWoodPecker 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Half a Billion in fines and he clears $10 Billion in social media?

[–]twolanterns 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Trump did lotsa biz in NYC and understands 'overhead' expenses to mafia criminal types there