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In reply to the discussion: Last night, Chump lost almost everything he invested in Truth Social [View all]GopherGal
(2,408 posts)I claim no real expertise or any of this, but it has just always seemed to me that buying the stock was a way for certain entities (foreign governments, criminal enterprises, greedy capitalists, moronic cultists or otherwise) to funnel money to him, rather than an actual investment with prospect of monetary return. I suspect a knowledgable person could look at SEC filings or incorporation documents or something and figure out if his payout is to be harvested via 1) the after-lock-up selling of his shares 2) some sort of "management fee" pseudo-salary paid to himself from the company 3) Some sort of "licensing fee": for use of his name.
To the extent that Truth Social has any value, it has only been as the exclusive site for access to the Orange Abscess's blathering. Even assuming (against current evidence) that this can be converted into monetary value via advertising sales, it always remains one "take my toys and go home" tantrum away from TSF needing to turn to another platform (see the X exclusive interview with Eloon) or losing his newsworthiness after an election loss. So it was always at best a shaky proposition from a financial POV.
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