onald Trump announced plans Wednesday to turn a new firm, named Trump Media and Technology Group, into a publicly traded business by merging it with a special purpose acquisition company, or a SPAC. If the deal goes through, it could allow Trump’s company to access about $290 million in cash, which it could then use to build a Twitter knockoff and launch additional media ventures. Investors are thrilled with the idea—shares of the SPAC jumped more than 350% on Thursday.
It didn’t take long for Donald John Trump to betray his shareholders, acting in ways that benefitted himself but harmed the larger business. Trump Hotels and Casino Resorts started with just one Atlantic City casino, but Trump personally held another two outside of the firm. Less than a year after taking the company public, he used it to buy one of his two other casinos, the debt-burdened Taj Mahal, in a deal that valued his stake at $40.5 million.
Trump retained his role as chairman of the company, which changed its name to Trump Entertainment Resorts, but he lost his job as chief executive. As part of a new services agreement, the firm still paid him about $2 million a year, more than the replacement CEO collected in annual salary. Trump also got the ability to nominate several board members. His 25-year-old daughter, Ivanka Trump, joined the board in 2007. For her services, Ivanka received $150,000 of cash annually.
Literally everything this man touches turns to shit. The opposite of the midas touch.
Yeah like we better now take a look around stop cover the sun with 1 finger
Cornholio 2024
Why are you still talking about Trump?
I love how never posts anything positive about Trump. Lol. 🤡
The fact this has liberals head exploding is the only reason why I am investing. Dont get it twisted.
1. Trump Steaks 2. GoTrump 3. Trump Airlines 4. Trump Vodka 5. Trump Mortgage 6. Trump: The Game 7. Trump Magazine 8. Trump University 9. Trump Ice 10. The New Jersey Generals 11. Tour de Trump 12. Trump Network 13. Trumped! 14 Trump presidency
Everything this man has touched, including our Country, has been a complete disaster!
Scamming is MUCH easier with SPACs. And Trump has SOOOO Many willing dupes, nowadays.
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Trump is a disaster.
Of course, HE is a disaster.
'Let Your money work for You'-myth: Has it (the money) hands to be productive, or is it just a misconception of laziness ?
This Is a new company can’t judge the first one off the last one. (More experience)
What is an a disaster that that man does
trump pain should be enrolled as mental disease
I never understood why people would praise other people as if they could walk on water then when they can't investors get disappointed
The only reason he's going this route to finance his new scheme is he knows no bank is going to refinance loans issued to someone who is more than likely going to be behind bars before the loan is repaid.
and always fake news :))
So what?
RT : Trump Had A Public Company Before. It Was A Disaster
The word bankrupt is highly associated with Trump Now morally bankrupt defines his cult
👍👍
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