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XCR1250

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  1. Business Insider: Donald Trump is now richer than George Soros — and on track to overtake Mark Cuban Theron Mohamed Donald Trump's net worth has jumped $4 billion this year to $7.2 billion, per Bloomberg's rich list. The former president is richer than George Soros and set to surpass Mark Cuban and George Lucas. Trump will welcome the wealth gain as he prepares to hand over a $175 million bond. Donald Trump is now richer than George Soros — and is set to overtake Mark Cuban too. The former president's net worth has soared by more than $4 billion this year to an estimated $7.2 billion, per the Bloomberg Billionaires Index. Trump ranked 377th on the rich list at Tuesday's market close, above the likes of Netflix cofounder Reed Hastings ($6 billion), oil-dynasty heir Gordon Getty ($6.2 billion), and Home Depot cofounder Bernie Marcus ($6.9 billion). The real estate tycoon's wealth has soared thanks to his 78.75 million shares, or at least 58% stake, in Trump Media & Technology Group, which merged with Digital World Acquisition Corp. on Monday and began trading under the ticker DJT on Tuesday. TGMT stock ended the day up 16%, valuing Trump's stake at $4.6 billion. It leaped another 16% to $67 in premarket trading on Wednesday. If that gain holds, Trump's position will be worth about $5.3 billion, lifting his overall wealth to about $7.9 billion. A net worth of that magnitude would rank him above not just Soros ($7.2 billion) and Cuban ($7.3 billion) on the Bloomberg list, but also venture capitalist John Doerr ($7.4 billion), fashion heiress Miuccia Prada ($7.4 billion), and Lululemon founder Chip Wilson ($7.5 billion). Trump would also be nipping at the heels of New England Patriots owner Robert Kraft, Russian oil magnate Roman Abramovich, and Star Wars creator George Lucas, each of whom was worth under $8.3 billion at Tuesday's close. The presumptive GOP presidential nominee will surely be thrilled by his soaring net worth. He's been scrambling to find the money to cover a recent $454 million judgment against him in a New York fraud case. Trump has appealed the ruling, but still has to secure a $175 million bond in the next few days, as an assurance to the court that he'll pay the full amount if he loses his appeal. TMTG, Truth Social's parent company, officially has a "lock up" period that bars its bosses from selling shares for the next six months. But its board, which includes Donald Trump Jr., has the power to waive or reduce the waiting time before Trump can cash out. Whatever happens, it's striking to see Trump shooting up the billionaire rankings just when he seemed to be in serious financial trouble. Read the original article on Business Insider
  2. https://news.yahoo.com/controversial-supreme-court-decision-could-130643306.html
  3. Trump Media stock surges on day 2 of market debut ALEXANDRA CANAL March 27, 2024 at 11:32 AM Trump Media & Technology Group (DJT) soared as much as 14% on Wednesday in its second day of trading on the Nasdaq (^IXIC). The parent company of Donald Trump's social media platform Truth Social climbed 16% in its first official trading day on Tuesday. It went public after merging with special purpose acquisition vehicle Digital World Acquisition Corp. in a deal approved by shareholders last week. DJT's strong debut comes amid a meme stock resurgence as some trades viewed as lacking fundamentals have seen eye-popping returns. According to an SEC filing from DWAC, Trump Media lost $49 million in the first nine months of last year and brought in $3.4 million in revenue. At current levels, its market cap now sits around $8 billion. Other meme-friendly names like Reddit (RDDT) and GameStop (GME) have also seen massive run-ups in recent days while riskier assets like bitcoin (BTC-USD) and commodities have soared since the start of the year. Some names are coming back down to earth. Reddit and GameStop were down about 13% and 16%, respectively, in Wednesday's trade. Short interest in DJT stock — bets that the stock price will fall rather than rise — is about 11% of outstanding shares, according to the latest data from S3 Partners. Average short interest in public companies sits in the 3% to 4% range. Trump Media stock soared on the second day of its market debut. (ASSOCIATED PRESS) The former president founded Truth Social after he was kicked off major social media apps like Facebook and Twitter, the platform now known as X, following the Jan. 6 Capitol riots in 2021. Trump has since been reinstated on the platforms. Trump will maintain a roughly 60% stake in Truth Social, a stake currently worth roughly $4 billion. The merger's completion also comes as the former president faces a $454 million fraud penalty and grapples with a campaign fundraising shortfall as he gears up for a 2024 election rematch against President Biden. But Trump will have to wait before cashing in his shares. According to the terms of the merger, stakeholders are subject to a six-month lockup period before selling or transferring shares. The only exception would be if the company's board votes to make a special dispensation.
  4. Will Tanner @Will_Tanner_1 In yet another massive L for 'green' energy boondoggles, a massive swathe of solar panels in Damon, Texas were taken out by a hail storm And not only were the expensive panels rendered useless by the weather, but now they're leaking a toxic compound, cadmium telluride, into the water So not only do Texans get intermittent energy instead of constant energy, not only do they waste thousands of acres of land with solar farms, but now the pointless panels are leaking into the groundwater Nuclear energy and natural gas are the answer. They're cheap, clean, reliable, and won't be shattered by a bit of hail. The other "green" energy is an expensive boondoggle that destroys the natural environment 0:41 / 1:01
  5. Huge concrete Columns were non-existent which may have prevented collapse, this bridge may have stood up to a Ship strike. https://en.wikipedia.org/wiki/Hoan_Bridge
  6. https://www.aol.com/entertainment/why-yellowstone-forrie-smith-claims-210524666.html
  7. Trump's Truth Social company completes merger that could net him over $3 billion AARON KATERSKY, LUCIEN BRUGGEMAN and PETER CHARALAMBOUS Sun, March 24, 2024 at 9:51 AM CDT·3 min read 1.5k Donald Trump's social media company Truth Social completed a merger Friday morning that could net the former president over $3 billion. Shareholders of Digital World Acquisition Corporation -- a special purpose acquisition company -- approved a merger with Trump Media & Technology Group (TMTG), which owns Truth Social. The company can begin trading as a public company, with the stock symbol DJT on Nasdaq, as early as next week. MORE: New York AG takes 1st step toward possibly seizing Trump's assets as part of $464M fraud judgment Shares in DWAC currently stand around $40 per share. "We are immensely grateful to our stockholders and our working group for their continued trust and support. This vote underscores their confidence in the merger with TMTG and the path we have set for the future. With many of our headwinds behind us, we look forward to working with TMTG and our dedicated team to close this merger," said Eric Swider, CEO of Digital World. With Trump owning 58.1% of the common stock in the company, the former president stands to make over $3 billion from the deal depending on how the stock ultimately trades. Experts say it represents a staggering valuation for a social media company that ranks below major competitors like Facebook, X and TikTok. "This accomplishment shows the unshakeable commitment of Digital World, its investors, and the entire Truth Social workforce to creating a movement to defend free expression on the Internet. As we transition into a public company, we look forward to greatly enhancing and expanding Truth Social and providing Americans with an enduring safe harbor from Big Tech's stifling censorship and suppression," TMTG CEO Devin Nunes said in a statement. However, the deal currently includes a lockout provision that prevents Trump from immediately selling or getting loans based on his shares -- potentially limiting Trump's ability to use the windfall as collateral for a bond in his $464 million civil fraud judgment. PHOTO: Former President Donald Trump speaks after voting in the Florida primary election in Palm Beach, FL, March 19, 2024. (Wilfredo Lee/AP) Trump faces a Monday deadline to secure a financial guarantee to cover the judgment, after a New York judge in February ordered him to pay $464 million in disgorgement and pre-judgment interest when he found the former president and his adult sons liable for using "numerous acts of fraud and misrepresentation" to inflate his net worth in order to get more favorable loan terms. Trump has denied all wrongdoing and has appealed the decision in the case. Securities and Exchange Commission filings associated with the merger of Digital World Acquisition Corporation and Trump Media & Technology Group offer a picture of a cash-strapped company that has struggled to reach profitability. In the first nine months of 2023, Trump Media brought in less than $3.4 million in revenue while losing $49 million, according to the filings. The company's filings suggest the company lacks data for measuring the success of its social media platform, faces increased operating risks and is inextricably tied to the former president. Trump Media expects to continue operating at a loss "for the foreseeable future," and leadership acknowledges that new social media platforms have a high rate of failure, according to the filing. The company would likely suffer if Trump "were to cease to be able to devote substantial time to Truth Social," according to the filing. Trump's Truth Social company completes merger that could net him over $3 billion abcnews.go.com
  8. What is the most sold song in history? According to Guinness World Records, Irving Berlin's "White Christmas" (1942) as performed by Bing Crosby is the best-selling single worldwide, with estimated sales of over 50 million copies.
  9. No I don't despise them, my dad was a dem, so was I for years.
  10. Or he flunked out or perhaps is embarrassed by his Major.
  11. What was SR's major in college, he won't say for some reason. I took Engineering in tech school.
  12. Gone but never forgotten. She died from Anal cancer.
  13. BUSINESS NEWS TECH MONEY Donald Trump could get a $3 billion boost from Truth Social's shell-company merger The cash infusion could come at a time when the former president really needs the money By Melvin Backman Published4 hours agoUpdated3 hours ago The backside of Donald Trump Photo: Scott Olson (Getty Images) Shareholders of the shell company that plans to acquire Donald Trump’s Truth Social have approved the takeover of the social media firm, which could mean a multi-billion dollar windfall for the former president as he tries to return to the White House. Digital World Acquisition Corp (DWAC) is what’s known as a special purpose acquisition company, or SPAC. Since going public in 2021, its special purpose has remained the eventual acquisition of Truth Social, which got its start after Trump got kicked off other social media platforms following his posts surrounding the Jan. 6, 2021 attack on the Capitol. (Those sites have restored his access, though he still prefers to use his own.) When the deal is complete, Trump would own about 60% of a post-SPAC Truth Social. Based on DWAC’s $40 share price, his stake would be worth more than $3 billion as soon as next week, The New York Times reports. It’s not clear that investors are actually interested in the business of Truth Social itself, since the company is not doing well and needs the $300 million it will get from the SPAC merger. Still, DWAC’s shares have become a lot more valuable this year, especially after Florida Gov. Ron DeSantis, one of Trump’s top challengers for the 2024 Republican presidential nomination, dropped out of the race.
  14. https://www.washingtonpost.com/technology/2024/03/22/trump-mediamerger-vote/
  15. Streaming Roadhouse right now.
  16. He doesn't know any better..just follows whatever DU tells him to, no brain of his own.
  17. .WINTER STORM WATCH IN EFFECT FROM SUNDAY MORNING THROUGH TUESDAY MORNING... ...WINTER WEATHER ADVISORY IS CANCELLED... * WHAT...Heavy snow possible. Total snow accumulations of 16 to 31 inches possible. Winds could gust as high as 35 mph. * WHERE...In Minnesota, South Cass, Crow Wing, South Aitkin and Pine Counties. In Wisconsin, Burnett, Washburn, Sawyer and Price Counties. This includes the Tribal Lands of the St. Croix Band in Burnett County, the Lac Courte Oreilles Reservation and the Mille Lacs Band, Lena Lake, East Lake and, Hinckley areas. * WHEN...From Sunday morning through Tuesday morning. * IMPACTS...Travel could be very difficult to impossible. Blowing snow could significantly reduce visibility. The hazardous conditions could impact the morning or evening commute. PRECAUTIONARY/PREPAREDNESS ACTIONS... Monitor the latest forecasts for updates on this situation.
  18. https://nypost.com/2024/03/21/us-news/migrants-break-barriers-and-rush-border-guards-in-el-paso/
  19. Donald Trump Donald Trump to make $3.4bn if shareholders back plan to float Trump Media Ex-US president planning to list Trump Media & Technology Group if merger with special purpose acquisition company goes ahead How does Trump stand to make $3bn from Truth Social being listed on the market? Dan Milmo Global technology editor Thu 21 Mar 2024 11.24 EDT Share Donald Trump’s wealth is set to increase by about $3.4bn (£2.7bn) if a shareholder vote on Friday paves the way for the float of his Trump Media business. The former US president is preparing to list Trump Media & Technology Group, which operates the Truth Social tech platform, via a merger with a special purpose acquisition company, or Spac. The Spac, called Digital World Acquisition, has scheduled a vote on the merger with Trump Media for Friday. However, there are complications around the planned vote after Digital World sued sponsor ARC Global Investments, which is trying to delay the deal, to back the merger. If the merger goes ahead and Trump Media goes public as soon as next week, the presumptive Republican presidential nominee would not be able to cash in any of his potential paper wealth immediately. The merger document contains a provision that blocks major shareholders from selling stock for six months. Trump’s finances are under pressure as he prepares to contest the US presidency with the incumbent, Joe Biden, for a second time. Last month Trump was formally ordered by a New York judge to pay $454m following a civil fraud case, in which the former president was found to have manipulated the value of his properties to obtain advantageous loan and insurance rates. ‘A campaign for vengeance’: critics warn of a radical second Trump term Read more Trump has described the case as a “witch-hunt”, has denied all wrongdoing and intends to appeal against the ruling. Monday is also the deadline for him to obtain a bond against his assets guaranteeing payment of the $454m. However, this week his lawyers said it was “a practical impossibility” to obtain the bond after 30 surety companies turned him down. Spacs raise money via a stock market flotation and then buy or merge with an existing company – in this case Trump Media. The newly combined company will have a stock market ticker comprising Trump’s initials, DJT. Trump would own just under 79m shares in the company. Based on Digital World’s closing share price of $42.90 on Wednesday, the former president’s stake in the post-merger business would be worth about $3.4bn. Trump’s potential windfall is dependent on Trump Media maintaining its price post-flotation despite a modest financial performance. Last year a securities filing revealed that Trump Media had lost $31.6m since its launch in 2021, with sales of less than $5m. Trump maintains he is worth several billion dollars. Last year he testified he had about $400m in cash, as well as further wealth tied up in properties and other investments. Shares in Digital World have climbed 145% this year, reflecting its status as a so-called meme stock, the term for an equity that is boosted via internet memes – in Digital World’s case, posted on forums like Truth Social and Reddit – encouraging non-professional investors to buy into it. Julian Klymochko, the chief executive of Accelerate Financial Technologies, which has a Spac-focused fund, said: “Digital World Spac’s trading is 100% influenced by the probability of Trump winning the election. It surged in January when Ron DeSantis threw in the towel.” Referring to its valuation, he said: “DWAC is not a traditional stock based on fundamentals, but a meme stock used for betting on whether Trump gets elected.” The merger document contains a standard provision barring “founder share” owners like Trump from selling their stock until six months after the completion of the deal – a clause designed to prevent a glut of shares hitting the market and suppressing their price in after a listing debut.
  20. You should know, you're the expert on Swing & Miss, you have them every day.
  21. Biden family should be jailed.
  22. https://en.wikipedia.org/wiki/Stella_(solar_vehicles)#:~:text=Stella is considered the world's,in San Francisco in 2015. 1955 It all started with the Sunmobile: the world's first solar-powered car, which debuted at the end of the summer of 1955 at the Chicago General Motors Powerama auto show.
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