Some sucker has lined up $1 billion for TFG's new social media company

[Yo_Mama_Been_Loggin]

Trump media partner says it has lined up $1B in capital

PALM BEACH, Florida (AP) — Donald Trump’s new social media company and its special purpose acquisition company partner say the partner has agreements for $1 billion in capital from institutional investors.

The former president launched his new company, Trump Media & Technology Group, in October. He unveiled plans for a new messaging app called “Truth Social” to rival Twitter and the other social media platforms that banned him following the Jan. 6 insurrection at the U.S. Capitol.

TMTG’s plan is to become a publicly listed company through a merger with the publicly traded Digital World Acquisition Corp., a special purpose acquisition company whose sole purpose is to acquire a private company and take it public.

The institutional investors were not identified in a press release issued Saturday by Trump Media and Digital World. The money would come from “a diverse group" of investors after the two companies are combined, it said.

https://www.msn.com/en-us/money/news/trump-media-partner-says-it-has-lined-up-1b-in-capital/ar-AARt5nk

[Mopar151]

1. Pugs, mugs, slugs.

Bounders, Rounders, pounders of beer!

The Blazing Saddles scene starts now.

[jmowreader]

2. So let me guess...

Trump hires someone to throw up a $20,000 website, sells subscriptions to pay the utility and connectivity bills, and keeps the rest. Haven't these people figured out yet that investing in anything related to Donald Trump is like buying 20 percent of "Springtime for Hitler"?

[malaise]

3. That loser will steal their money

and fuck up the project- take that to the bank

[C_U_L8R]

4. Hello SEC

This should be an easy take-down.

[DBoon]

5. Is "that sucker" a Russian oligarch?

Investments are not always made for the earnings. Sometimes there is a political payoff.