markjgsmith

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12:58:00 +07:00 Trump’s stake in Truth Social falls by $1bn after company reveals $58m loss - This will be an interesting one to follow because it might very well be the future of financing. The first famous person to do this was David Bowie back in the 80s. He sold a David Bowie bond and investors got paid back within 10 years. It was a big success. It's sort of similar to crypto initial coin offerings (ICOs). Truth Social doesn't have much sales yet but their losses are less than Reddit's. I wonder if with these celebrity stocks whether controversy actually contributes to the value going up. We shall see. # www.theguardian.com

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