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@ylai@lemmy.ml to United States | News & Politics@lemmy.mlEnglish • 1 year ago

Trump's Truth Social loses $4 billion in value in one week, while revealing wider loss

www.cbsnews.com

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Trump's Truth Social loses $4 billion in value in one week, while revealing wider loss

www.cbsnews.com

@ylai@lemmy.ml to United States | News & Politics@lemmy.mlEnglish • 1 year ago
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Trump's media company is now trading below its opening stock price. The company on Monday disclosed mounting losses.
  • @delirious_owl@discuss.online
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    11•1 year ago

    How is a mastodon instance assigned a value?

    • 420blazeit69 [he/him]
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      English
      6•1 year ago

      I believe they did an IPO

      • @delirious_owl@discuss.online
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        6•1 year ago

        My reaction when my instance admin “does an IPO” and basically sells my contributions and my data to the highest bidder

      • @Pringles@lemm.ee
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        1•1 year ago

        Not quite. They merged with a spac, which is an empty financial vehicle traded on a stock exchange that has the specific purpose of merging with a legitimate company later, allowing that legitimate company to go public much faster (3-6 months vs 12-18 months).

United States | News & Politics@lemmy.ml

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