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submitted 5 months ago by GottaLaff@mastodon.social to c/random@fedia.io

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#Trump’s Truth Social is now a public company. Experts warn its multibillion-dollar valuation defies logic

“Despite the late-day slide, Wall Street is still assigning Trump Media an eye-popping valuation of nearly $11 billion — a price tag that experts warn is untethered to reality.”
https://www.cnn.com/2024/03/26/markets/trump-media-stock-truth-social?cid=ios_app

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[–] 1dalm@deacon.social 1 points 5 months ago

@GottaLaff@mastodon.social

So, Wall Street artificially jacks up the price of Trump's social media site.

Trump uses the artificially inflated value to post bond.

Stock price collapses to a fraction of it's value upon the bond.

NY State collects worthless stock as payment for fine.

Is that how this works out?