#GagOrder Against #Trump Is Expanded to Stop Attacks on Judge’s Family
Donald Trump had in recent days targeted the daughter of Juan #Merchan, the judge overseeing his #criminal trial in Manhattan, in blistering social media posts.
Yes, the company went public. No, it is not a financial success—or even a lifeboat.
Debuting on the charts w/a “DJT” ticker, #TrumpMedia saw a 55% surge in valuation right after markets opened.
Huge influx of cash, right? w/Trump holding ~79M shares, equating to 58% of available stock, the #SPAC debut balloons his #NetWorth by nearly $5B; there were ~136M shares outstanding post-merger.
What a turnaround, right after the lamestream media kept claiming #Trump was in the tank! Another genius business move from the Donald, right in time for him to cover his somewhat discounted #legal bills!
Except … not really, bc a lot of what powered the 1st-day boom is not tenable in the longer term—much like TruthSocial’s business itself.
To put it simply: The success of #TrumpMedia’s #IPO has less to do w/its viability as an enterprise & more to do w/the fandom surrounding that famous name.
#TrumpMedia merger wins investor approval, netting #Trumppotential windfall
TFG will own ~60% of #TruthSocial, which at its current share price would be worth ~$3.3B.
A lockup agreement will prevent him from selling the shares for 6 months.
A long-delayed move that will open the owners of TruthSocial to stock-market investors & grant Trump a stake worth billions he could use to pay down his #legal#debts.
The vote Fri by investors in #DWA authorized the #SPAC, to merge w/ #TrumpMedia & #Tech Grp as part of a process that will avoid a more traditional #IPO. #Trump will own ~60%, which at DWA’s current share price would be worth ~$3.3B. He & other investors could earn tens of millions more shares through an “earnout” provision tied to the stock’s performance, DWA said in an #SEC filing.
The merger will net TrumpMedia $300M that DWA initially raised from investors.
Die Parfümeriekette Douglas hat bei ihrer Rückkehr an die Börse einen Fehlstart hingelegt. Nach einem schwachen Börsendebüt gerät die Aktie verstärkt unter Druck und notiert nun deutlich unterhalb ihres Ausgabepreises.
Social media giant Reddit is going public tomorrow. Here's how much it's seeking to raise, what its IPO means for the company and how Redditors are reacting.
I tried to just cover the "news" on this one, but I'm still too emotionally invested in how these social media services keep getting worse. https://somegadgetguy.com/2024/03/15/reddits-ipo-i-hope-it-fails/
I hope Reddit's IPO fails. It probably won't though...
Der DAX ist mit Kursgewinnen in den neuen Handelstag gestartet. Diese sind allerdings mit Vorsicht zu genießen. Wie es an der Börse weitergeht, wird nämlich erst heute Nachmittag entschieden.
Marktbericht: DAX-Anleger wagen sich wieder hervor
Nach den jüngsten Gewinnmitnahmen im DAX haben heute Morgen wieder die Käufer das Sagen am deutschen Aktienmarkt. Doch ob ihr Mut belohnt wird, das wird sich erst heute Nachmittag weisen.
"If you are a certain kind of cynical, Reddit’s S-1 filing sets off alarm bells. There’s the mention of r/WallStreetBets. (Five mentions in total, actually.) There’s the stockpile it’s amassed of Bitcoin and Ethereum. And there’s the program to give certain power users the option of buying stock before it debuts on the public market."
Holy shit this is really going to be a bigger clusterfuck than expected huh
There’s gloomy speculation about the measures management may take to make the company profitable — which Subreddits might be banned, how much users might have to pay to post, a heavier ad load, etc.
They already Disallowed NSFW reedits from being accessed through the API (and therefore any third party apps)
Users are also mad that Aaron Swartz has been erased as a co-founder.
@arstechnica I just got a message from my old account inviting me to participate in the IPO. Are they serious? Can anyone who knows more about this educate me on whether they would be a good investment or not? Not because I can afford to invest, I'm just curious about their standing and what people think they're going to do. #reddit#IPO
Rüstungszulieferer Renk wagt Börsengang im zweiten Anlauf
Der Augsburger Rüstungszulieferer Renk will im zweiten Anlauf an die Börse gehen. Auch wenn das Geschäft der Branche boomt - Investoren zu finden, ist für Firmen weiterhin nicht leicht. Von Antje Erhard.
REDDIT posted a more than 20 per cent rise in revenue in 2023 versus the year before, sources familiar with the situation said, as it prepares for one of the United States’ most anticipated potential initial public offerings (IPOs).
I was going to get an #RPi#raspberrypi 5 but then I heard about the Sony deal and the #IPO and I think of all the people who've put hours and hours of their free time into a product which was (?is) #OpenHardware and how the directions of that product will now be subject to shareholder rather than user desires.
Sure, we need to think about sustainability in all things #OpenSource but what's the bet ARM or NVIDIA will buy it out to shutter it?
Reddit revenue rises 20% ahead of IPO, but it isn’t profitable yet (www.businesstimes.com.sg)
REDDIT posted a more than 20 per cent rise in revenue in 2023 versus the year before, sources familiar with the situation said, as it prepares for one of the United States’ most anticipated potential initial public offerings (IPOs).