technocrit@lemmy.dbzer0.com to

News@lemmy.world · 2 months ago

Trump Media, Owner of Truth Social, Looks to Issue $12B Worth of New Shares

www.coindesk.com

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Trump Media, Owner of Truth Social, Looks to Issue $12B Worth of New Shares

www.coindesk.com

technocrit@lemmy.dbzer0.com to

News@lemmy.world · 2 months ago

6

Trump Media Group (DJT) Registers Up to $12B in Equity

www.coindesk.com

The parent company of social media platform Truth Social registered with the SEC to issue up 84,657,181 shares of Common Stock.

archive: https://archive.is/9bDI4

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DominusOfMegadeus@sh.itjust.works
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2 months ago
Is 12 billion not more than the company is worth? How is this possible, and why would anyone buy these?
- ToastedRavioli@midwest.social
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  2 months ago
  deleted by creator
- bradorsomething@ttrpg.network
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  2 months ago
  The value of the shares is the number times the current share price, they’d naturally be worth less.

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