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Drew Harwell
@drewharwell.com
Tech reporter for the Washington Post • drewharwell.com
35.4k followers1k following832 posts
DHdrewharwell.com

New: Trump Media's long-delayed merger just cleared a major hurdle. The deal would value Trump's company at $8 billion, even though it made only $3 million - and lost $49 million - in the first nine months of 2023. "Classic meme stock," one expert said www.washingtonpost.com/technology/2...

Truth Social merger deal wins key approval, a victory for Trump
Truth Social merger deal wins key approval, a victory for Trump

Trump will hold more than 78 million shares in the post-merger company, a filing shows — a stake that, at current prices, would be worth more than $4 billion.

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EReitanrude.bsky.social

So do we also think he's going to somehow find a way to take a short position on the SPAC?

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Pprofwho.bsky.social

Who the fuck wants to use a Twitter clone that only Q believers use?

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DHdrewharwell.com

Official response from Digital World CEO and yes I fit two of these categories

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Adeveryty.bsky.social

Good news. Grandpa is only losing half the money he took out on a second Mortgage on his paid for home. And your Boomer Father has only lost 3/4's of his IRA. Hooray. It's a scam folks.

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ABanniebkay.bsky.social

He really can’t count. And he’s a fabulist especially when it comes to valuations…almost like he shouldn’t be in biz.

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Mmarksimploding.bsky.social

Yes. The old paper scheme of going public.

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DH
Drew Harwell
@drewharwell.com
Tech reporter for the Washington Post • drewharwell.com
35.4k followers1k following832 posts