Trump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest People

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[–]binaryblob 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (11 children)

So, this DWAC is just Truth Social (a worthless website) and what else?

Is DWAC just a vehicle for the dictators of this world to transfer billions to Trump "legally"?

[–]GuyWhite 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (7 children)

I smell propaganda. “A worthless website?”

The stock in Truth Social closed at $50/share (+/-) yesterday. That means the company is worth 6.5 billion. Don’s share is $4 billion (+/-)

The only thing worthless here is your post.

[–]Jiminy 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (6 children)

No way it's worth 6 bill

[–]GuyWhite 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (5 children)

That’s the fair, publicly traded value. Your opinion has nothing to do with the actual fair market value.

[–]binaryblob 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Value and actual fair market value are not the same. If the "market value" includes dictators that want to subvert the US by bribing Trump, perhaps it's even "worth" hundreds of billions. It's just that this would be illegal and it does not represent the "market value".

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

Your post gives away that you know nothing about stocks and the stock market.

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

Normal people use things like arguments to win a discussion, but I guess you just like to make a fool out of yourself.

I can probably name more Greeks by heart than you even ever heard of.

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

True

[–]GuyWhite 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

That said, I’m not going to invest in that stock at that price. I share your opinion.

[–]YoMamma 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Yep - a maximum value of $5 million, or as much as $25 million to an eager Russian billionnaire:

https://apnews.com/article/trump-financial-disclosure-filing-social-media-de11cc60d72365b01cc58f790c6005a8

https://en.wikipedia.org/wiki/Truth_Social#cite_ref-18

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

Your source is one year out of date. Truth social is now a publicly traded company with an easy to determine market value.