* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, October 23, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Reba McEntire Details Personal Relationship With Late Stepson Brandon Blackstock – KNDU

    Reba McEntire Shares Emotional Tribute to Her Late Stepson Brandon Blackstock

    Sacramento city leaders approve adding 2 entertainment zones in midtown – CBS News

    Sacramento City Leaders Approve Two Thrilling New Entertainment Zones in Midtown

    AMC brings first new Dolby Experience to Gwinnett since 2017 – Wyoming News Now

    AMC Launches First New Dolby Experience in Gwinnett Since 2017

    Hetzel Design: blending architecture and entertainment – Blooloop

    Hetzel Design: Where Architecture and Entertainment Unite in Perfect Harmony

    Country music legend rushed to hospital year after heart surgery. Here’s what we know – PennLive.com

    Country Music Legend Rushed to Hospital One Year After Heart Surgery – What’s Happening Now?

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Next steps: Technology opens new options for greater mobility – Missouri Independent

    Next Steps: How Technology is Opening Exciting New Doors to Greater Mobility

    Rydberg Technologies Inc. Announces Launch of Rydberg Photonics in Berlin – The Quantum Insider

    Rydberg Technologies Launches Exciting New Photonics Division in Berlin

    A look into new technology at Columbia University that could help prevent a dangerous pregnancy complication – ABC7 New York

    A look into new technology at Columbia University that could help prevent a dangerous pregnancy complication – ABC7 New York

    Office Technology: Dealers’ Managed IT Revenue up Nearly 30% – The Cannata Report –

    Office Technology: Dealers’ Managed IT Revenue up Nearly 30% – The Cannata Report –

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 Technology Stocks to Buy Now – Yahoo Finance

    3 Must-Buy Tech Stocks You Can’t Afford to Miss Right Now

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Reba McEntire Details Personal Relationship With Late Stepson Brandon Blackstock – KNDU

    Reba McEntire Shares Emotional Tribute to Her Late Stepson Brandon Blackstock

    Sacramento city leaders approve adding 2 entertainment zones in midtown – CBS News

    Sacramento City Leaders Approve Two Thrilling New Entertainment Zones in Midtown

    AMC brings first new Dolby Experience to Gwinnett since 2017 – Wyoming News Now

    AMC Launches First New Dolby Experience in Gwinnett Since 2017

    Hetzel Design: blending architecture and entertainment – Blooloop

    Hetzel Design: Where Architecture and Entertainment Unite in Perfect Harmony

    Country music legend rushed to hospital year after heart surgery. Here’s what we know – PennLive.com

    Country Music Legend Rushed to Hospital One Year After Heart Surgery – What’s Happening Now?

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Next steps: Technology opens new options for greater mobility – Missouri Independent

    Next Steps: How Technology is Opening Exciting New Doors to Greater Mobility

    Rydberg Technologies Inc. Announces Launch of Rydberg Photonics in Berlin – The Quantum Insider

    Rydberg Technologies Launches Exciting New Photonics Division in Berlin

    A look into new technology at Columbia University that could help prevent a dangerous pregnancy complication – ABC7 New York

    A look into new technology at Columbia University that could help prevent a dangerous pregnancy complication – ABC7 New York

    Office Technology: Dealers’ Managed IT Revenue up Nearly 30% – The Cannata Report –

    Office Technology: Dealers’ Managed IT Revenue up Nearly 30% – The Cannata Report –

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 Technology Stocks to Buy Now – Yahoo Finance

    3 Must-Buy Tech Stocks You Can’t Afford to Miss Right Now

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Cha-ching! How Trump is making $4 billion from his 2024 campaign for president.

February 18, 2024
in Business
Cha-ching! How Trump is making $4 billion from his 2024 campaign for president.
Share on FacebookShare on Twitter

A very liberal friend messaged me on Friday. She’d just heard the news about the $350 million–plus civil fraud judgment against Donald Trump in New York.

That’s on top of the tens of millions he has to pay former magazine columnist E. Jean Carroll, whom he was adjudged to have sexually assaulted and then defamed.

Also: Jury says Donald Trump must pay an additional $83.3 million to E. Jean Carroll in defamation case

My friend figured that — financially, at least — Trump was down for the count. 

She’s not alone. Much of media seems to be taking the same view.

They could not be more wrong.

Away from the headlines, Donald Trump has just made a staggering sum of money, all of it driven by the publicity from his campaign for the White House. (A terribly, terribly cynical person might even suggest that is part of the point.)

How much? Forget these fines, which add up to less than $500 million. Trump is suddenly on track for a windfall of nearly $4 billion. And he has made most of it just in the five weeks since his big win in the Iowa caucuses put him in pole position for the Republican presidential nomination.

The windfall is from the forthcoming IPO of his social-media platform, called Truth Social, which he launched — amid massive derision from the mainstream media, I might add — in 2021 after he was kicked off Twitter following the events of Jan. 6, 2021. 

Truth Social secured approval for its IPO from the Securities and Exchange Commission this week. 

Opinion: The stock linked to Donald Trump’s Truth Social platform is flying high. Read this before you invest.

Also read: DWAC up over 15% as it moves to buy Trump Media & Technology Group — but here’s a potential snag

It will come to the stock market through a merger with a so-called blank-check, or “shell,” company known as Digital World Acquisition Corp.
DWAC,
-4.00%.
(Blank-check companies are paper companies that list on the stock market first and then have a prescribed period of time to find a business to acquire or merge with.)

Under terms of the deal, which has been in the pipeline since 2021, Trump personally is set to end up with 79 million shares in the company when the deal is complete, possibly as soon as this quarter.

Or so reports a new SEC filing by the company, on Page 309.

The value of those shares today: $48. They dropped $2 on Friday, but only after a phenomenal run that has taken them from just $17 in early January, just before the Iowa caucuses.

(Let it be added that Devin Nunes, the Trump acolyte and former Republican congressman from rural California who is the CEO of the Truth Social holding company, will make out more modestly. At current prices, his stock will be worth, er, $5 million.)

That values Trump’s personal stake in the company at $3.8 billion — up $2.5 billion just since winning in Iowa over Ron DeSantis and Nikki Haley, et al. Who says it costs money to run for president?

The stock boom is doubly welcome to Trump. Not only does it mean that the value of his shares go up, but it means he gets even more shares. Under the terms of the deal, Trump and his Truth Social partners get an extra 40 million shares — current value: $1.9 billion — if the stock stays above $17.50.

What the stock is really “worth” is anyone’s guess. It’s a speculative investment, to say the least, even a meme stock. It could easily plunge to Earth. But as long as it stays above $17.50, Trump is in the pink.

There’s no mystery as to why the stock is booming. Some traders are riding the new Trump hype train as he marches toward the Republican Party’s presidential nomination — and, quite possibly, back into the White House.

And many are betting that if Trump becomes president again he will do for Truth Social in his second term what he did for Twitter in his first.

In case you have forgotten, Trump effectively used his Twitter account as a semiofficial presidential communication tool. You couldn’t follow politics without following him on Twitter. Actually, you couldn’t really follow the news. His tweets permeated the culture — as when Andy Serkis, the actor who played Gollum in “Lord of the Rings,” read a number of them in character on late-night TV.

In total Trump tweeted more than 25,000 times during his four years in office — an average of more than 18 times a day.

Twitter’s value trebled during Trump’s four years in office. It was worth $40 billion when he left. (There were many factors involved, but all this free publicity, courtesy of the P.T. Barnum in the White House, hardly hurt.)

Trump’s new windfall from Truth Social comes at a useful time for him. He faces not only huge fines but also mounting legal costs. He currently faces four criminal trials, involving 91 felony counts.

Two are for allegedly attempting to overturn the 2020 election result, in which he lost to Democrat Joe Biden by more than 7 million votes and a 306-232 count in the Electoral College. One is for allegedly mishandling classified documents after leaving the White House. The fourth, for allegedly paying hush money to porn star Stormy Daniels during the 2016 presidential campaign, is scheduled to begin next month.

See: The checks that led to Trump’s first criminal trial in the ‘hush money’ scandal

As I’ve pointed out before, Trump wouldn’t be facing this trial at all if he’d paid off Stormy Daniels with gold coins instead of checks.

Getting access to his new Truth Social billions to help pay his legal fees will be a challenge, though. Presumably, if need be, Trump can borrow against his shares. Lawyers involved in the deal refused to comment. The phone number listed for Digital World Acquisition Corp. in the company’s filings has been disconnected. Emails sent to the media-relations address bounced back. 

Trump, recall, was trailing Florida governor DeSantis in the presidential race until the first of his legal indictments landed.

See: Trump’s indictment boosts odds he’ll be the GOP presidential nominee in 2024. You can bet on it.

You see how this whole thing fits together? The establishment indicts Trump. The publicity gives him an unassailable edge in the Republican presidential race. That lands him a $4 billion windfall. And he can funnel some of that money — through fines, and legal fees — back to the establishment. The cost of doing business.

A truly cynical person might wonder if they’re all in on it. And the rest of us are getting played.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : MarketWatch – https://www.marketwatch.com/story/cha-ching-trump-makes-4-billion-from-his-re-election-campaign-5fb87700?mod=mw_rss_topstories

Tags: businessCha-chingTrump
Previous Post

Nvidia’s earnings report could kill the momentum driving U.S. stocks higher, regardless of how it turns out.

Next Post

United Kingdom CFTC GBP NC Net Positions: £50.5K vs £34.5K

Vibrio pectenicida strain FHCF-3 is a causative agent of sea star wasting disease – Nature

Vibrio pectenicida strain FHCF-3 is a causative agent of sea star wasting disease – Nature

October 23, 2025
Condensation defying gravity – European Space Agency

Condensation defying gravity – European Space Agency

October 23, 2025
Guest educators bring fun environmental science to Kent middle school – MyEasternShoreMD

Guest Educators Ignite Passion for Environmental Science at Kent Middle School

October 23, 2025
Equity Lifestyle Properties, Inc. Profit Rises In Q3, Beats Estimates – Nasdaq

Equity Lifestyle Properties Delivers Impressive Q3 Profit, Exceeding All Expectations

October 23, 2025
Next steps: Technology opens new options for greater mobility – Missouri Independent

Next Steps: How Technology is Opening Exciting New Doors to Greater Mobility

October 23, 2025
American Football Betting Market Report 2025, with Profiles of ESPN, Caesers Entertainment, Entain, Fanatics Sports Betting, Betfred and Other Major and Innovative Companies – Yahoo Finance

American Football Betting Market Report 2025, with Profiles of ESPN, Caesers Entertainment, Entain, Fanatics Sports Betting, Betfred and Other Major and Innovative Companies – Yahoo Finance

October 23, 2025
UIPM 2025 Obstacle World Championships (OCR): All you need to know – Union Internationale de Pentathlon Moderne (UIPM)

Your Ultimate Guide to the 2025 Obstacle World Championships

October 23, 2025
PPPs in Bolivia: The future of our economy? – Dentons

Could PPPs Unlock Bolivia’s Path to Economic Prosperity?

October 23, 2025
Reba McEntire Details Personal Relationship With Late Stepson Brandon Blackstock – KNDU

Reba McEntire Shares Emotional Tribute to Her Late Stepson Brandon Blackstock

October 23, 2025
Mark Peterson receives inaugural APSA Career Achievement Award in Health Politics and Policy – UCLA

Mark Peterson receives inaugural APSA Career Achievement Award in Health Politics and Policy – UCLA

October 23, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (882)
  • Economy (903)
  • Entertainment (21,774)
  • General (17,757)
  • Health (9,944)
  • Lifestyle (916)
  • News (22,149)
  • People (904)
  • Politics (913)
  • Science (16,114)
  • Sports (21,403)
  • Technology (15,883)
  • World (886)

Recent News

Vibrio pectenicida strain FHCF-3 is a causative agent of sea star wasting disease – Nature

Vibrio pectenicida strain FHCF-3 is a causative agent of sea star wasting disease – Nature

October 23, 2025
Condensation defying gravity – European Space Agency

Condensation defying gravity – European Space Agency

October 23, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version