Michael Hiltzik: Trump's media company is going public, netting him billions. Why would anyone invest in it?
The headline Trump news last Friday was that investors in Truth Social, his money-losing social media platform, voted to take it public at a valuation that could net the former president about $3 billion. There's some press conjecture that the transaction will relieve Trump's current cash crunch, which includes the necessity of his posting a bond to cover a roughly $500 million court judgment ...
by Michael Hiltzik, Los Angeles Times
Mar 25, 2024
3 minutes
The headline Trump news last Friday was that investors in Truth Social, his money-losing social media platform, voted to take it public at a valuation that could net the former president about $3 billion.
There's some press conjecture that the transaction will relieve Trump's current cash crunch, which includes the necessity of his posting a bond to cover a roughly $500 million court judgment by Monday to stave off the seizure of some of his properties by New York Attorney General Letitia James. That speculation is probably,
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