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Trump Media & Technology Group Corp DJT

Trump Media & Technology Group Corp. (TMTG) is a social media and technology-focused company. The Company's product, Truth Social, is a social media platform where any user can create content, follow other users and engage in an open global conversation. The Company does not restrict whom a user can follow. Additionally, users can be followed by other users without requiring a reciprocal relationship, enhancing the ability of its users to reach a broad audience. Its brands consist of Truth Social, TMTG+, and TMTG News. TMTG is also engaged in operates a TV streaming platform, Truth+, across the entire Truth Social platform-iOS, Android, and the Web. The streaming service relies on TMTG's custom-built content delivery network (CDN), which operates through a newly opened data center as the Company works to bring additional data centers into operation. TMTG's streaming technology is powered through specially designed infrastructure with its own servers, routers, and software stack.


NDAQ:DJT - Post by User

Comment by a2bmanon Aug 29, 2024 8:46am
53 Views
Post# 36200884

RE:Trump can soon tap his $2 billion Truth Social fortune

RE:Trump can soon tap his $2 billion Truth Social fortune

You missed the sleazy part...

While Trump may be unable to sell many shares at this point, there is another way he could tap his Truth Social fortune. Once the lock-up period expires, Trump will no longer be prohibited from borrowing against his stake in Trump Media.

That means Trump could pledge some or all of those shares as collateral in a loan.

Of course, as Ohlrogge noted, “a lot of banks are reluctant to do business with Trump due to their past interactions with him.”

But even if banks won’t lend to Trump, rich supporters could.

“It could be a wealthy individual who either thinks it’s good business or they see it as an opportunity to get on the good side of someone who might be the next president,” Ohlrogge said.

Experts say that if Trump does borrow against his Truth Social stake, he may not be required to disclose it.

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