PUBLIC SERVICE ANNOUNCEMENT
Trump is in the process of fleecing his gullible followers again, so be warned.
Truth Social is about to go public via a SPAC (Special Purpose Acquisition Vehicle), a highly dubious way of going public that avoids the IPO process. Currently the company has net revenues of a
FEW MILLION DOLLARS, basically equivalent to a small dental practice. Yet they are counting on YOU to pump the stock's value up into the billions.
Trump employed a very similar strategy during his Trump Hotels and Casino Resorts scam in the 90s, in which he also brought the failing casino public, pumped the price into the stratosphere, got out making a bunch of money, then left his adoring fans broke when the bubble quickly burst soon afterwards.
So yeah, if you're going to invest in Truth Social, here are a couple investment tips:
- Get out before 6 months. Due to SPAC merger regulations Trump can't get out before then. But he will get out the day after. You don't want to be invested then.
- Otherwise, think of it as a donation to Trump. You will be losing this investment. Because it is a transparent scam.
Have a nice day!