Diamond Bank gave us some books to read in the training school, as the bank turned engineers, accountants, pharmacists, linguists, etc, into bankers. And by the time we completed the 3-month Diamond Bank training program, we understood money, capital and banking. One of those books is The Richest Man in Babylon. If you read that, among others, you will get one message: it makes sense to use experts on things you know nothing about.
Yes, like him, hate him, but if your desire is to add more digits in the bank account, Donald Trump is the deal. Did you know that he has just added about $4.5 billion through his own social media ecosystem, Truth Social: “Shares of Donald Trump’s social-media company surged 16% on their first day of trading, boosting the presidential candidate’s fortune… [to] roughly $4.5 billion”.
Legends – anywhere they go, they find how to extract value. Today, Donald Trump is about to be rewarded with $3 billion for Truth Social: “Shareholders voted to approve Trump Media’s merger with a blank-check company, following years of legal and regulatory obstacles. Trump will own a dominant stake in a public company, with shares worth more than $3 billion at current market prices.”
We rant here, post day and night, but one businessman with deal sagacity has created a $3 billion fortune in less than 4 years from social media!
People, respect those who sabi. Trump knows how to make money! From banning him from Twitter and Facebook to him becoming platform-less, the man figured out how to pick $4.5 billion on the way. You would then ask: if they had not banned him, would these $billions have been unlocked by him? People, do not make your best customer take revenge against you! Simply, Truth Social and the Trump media empire are now vectors in the world of Twitter, Facebook, etc.
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That said, Trump is not my type of politician; I will not ask him to teach me politics, despite his results, but when it comes to making money, he has my respect for his financial deal sagacity!
Shares of Donald Trump’s social media company rose about 16% in the first day of trading on the Nasdaq, boosting the value of Trump’s large stake in the company as well as the smaller holdings of fans who purchased shares as a show of support for the former president.
Trump Media & Technology Group Corp. merged Monday with a blank-check company called Digital World Acquisition Corp. Trump Media, which runs the social media platform Truth Social, has now taken Digital World’s place on the Nasdaq stock exchange.
Shares closed at $57.99, up 16.1%, giving the company a market value of $7.85 billion. At one point the stock was up about 59%. Trump holds a nearly 60% ownership stake in the company, now worth about $4.6 billion.
Diamond Bank gave us some books to read in the training school, as the bank turned engineers, accountants, pharmacists, linguists, etc, into bankers. And by the time we completed the 3-month Diamond Bank training program, we understood money, capital and banking. One of those… pic.twitter.com/4aP4P61cwj
— Ndubuisi Ekekwe (@ndekekwe) March 26, 2024
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Trump has genuine admirers, and he was effective as president. You don’t often see a politician who maintains his base the way Trump does, even without being in power. How does he do it? Ofttimes most people in their attempt to show their disagreement, they forget what is effective, only to start complaining later that things are worse.
Trump has higher believability quotient than probably any other politician in the US, and if you think that it’s anomaly, you will have to show what or who is better. For now, Trump is ahead of his detractors and haters, and they are the ones who will remain terrified, while Trump continues to be Trump.
People have eyes, they see, no matter how much you try to manipulate or confuse them, they will keep pointing you to what you are not seeing, until you begin to see well.
When you don’t know how to make deals, how can you solve complex problems in politics and economics? The world needs Trump, forget the hysteria.