• Avid Amoeba@lemmy.ca
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    8 months ago

    Either way, Trump’s Truth Social woes and finances might be getting a reprieve soon. The SEC approved the deal last month, which could be worth up to $10 billion. Trump, who would hold more than half the shares of the combined company, would reportedly stand to raise his net worth by some $4 billion - more than enough to handle those legal problems without Musk’s help.

    What the fuck.

    • Neato@ttrpg.network
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      8 months ago

      Feb 15 (Reuters) - The U.S. Securities and Exchange Commission allowed Donald Trump’s media and technology company to merge with a blank-check acquisition vehicle in a deal that currently values the parent of his social media app Truth Social at as much as $10 billion.

      So someone is essentially gifting Trump billions for a “merger”.