Trump to launch social media platform to compete with Twitter and Facebook | Financial Times
Former US president to go public with Truth Social via merger with blank-cheque company
✒ The announcement does not even come with a business plan or projections, buying into this Spac deal requires a lot of trust and faith.
With an initial valuation of $875m, Lex opined that the amount may not sound outlandish given actor Reese Witherspoon and basketball player LeBron James sold their platforms for $700m+ a piece.
It’s funny how Lex put that into perspective:
“If just 5m Americans signed up to pay $5 per month, TMTG would hit $300m of annual revenue, an implied multiple of less than 3 times. As for running costs, unscripted reality shows save by not requiring teams of writers and actors.”