Chris TrottierTruth Social is now worth less than it was a year ago—and that was pre-SPAC.
Which means the shell company that acquired Truth Social—which did literally nothing—was worth more than what Truth Social is right now.
OtownKim@atomicpoet Hahahahahahahaha!!
Mastodon MigrationUnless and until it goes to 0.00 it is still a money laundering vehicle for Trump, who once his lock up is over will dump it at any price.
Joe Thomas@atomicpoet The SPAC did a bit more than nothing. It raised $1 billion in an IPO and committed so many securities violations that it had to pay most of it in fines. By the time the merger happened, they had $300 million left for Truth Social to use to stave off insolvency.