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ylai@lemmy.ml to United States | News & Politics@lemmy.mlEnglish · 2年前

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 · 2年前
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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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    2年前

    How is a mastodon instance assigned a value?

    • 420blazeit69 [he/him]@hexbear.net
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      2年前

      I believe they did an IPO

      • delirious_owl@discuss.online
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        2年前

        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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        2年前

        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).

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