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Trump Is in Line for a $3.5B Windfall from Stake in Truth Social | Better HN

Trump Is in Line for a $3.5B Windfall from Stake in Truth Social (opens in new tab)

(wsj.com)

5 pointsdannylandau2y ago4 comments

4 comments

8organicbits2y ago

Twitter sold for a (seemingly excessive) $44B. What justifies $3.5B for Truth Social?

Arnt2y ago

Magic! Magic justifies it!

There are tens of thousands of retail investors paying ridiculous prices for the smallish available part of the shares. That doesn't mean that there will be takers for the large part held by orangehead.

r7212y ago

SimilarWeb's traffic estimates (Feb 2024), for context:

twitter.com - Total Visits 5.8B

https://www.similarweb.com/website/twitter.com/#overview

truthsocial.com - Total Visits 5M

https://www.similarweb.com/website/truthsocial.com/#overview

It would most likely be a way to legitimize bribes.

j / k navigate · click thread line to collapse