The court's decision to lower Donald Trump's bail amount from $454 million to $175 million surprises several experts, who have never seen anything like it. That's what Business Insider writes.
- This is extremely rare, says Neil Pedersen, whose firm has handled thousands of bail cases over the past 30 years.
If Trump loses his appeals process later, he still has to pay the full original fine. Possibly, the reduction may be due to the fact that the ex-president is deemed to have good opportunities to do the right thing for himself. That's what Eric Snyder says, who is bankruptcy manager at the law firm Wilk Auslander.
Another explanation could be that the court considers that a reduction of the fine may be relevant, Snyder adds.
......................................
Trump's company rushes in the debut - worth over 100 billion
Trump Media & Technology was valued at approximately SEK 72 billion ahead of Tuesday's stock market debut. In the opening trade, the share rushes 40 percent, which raises the market value to SEK 100 billion.
According to Bloomberg, Donald Trump's majority stake in the company is therefore worth approximately SEK 60 billion. However, he has a lock-up agreement that prevents him from selling the shares in the next six months.
Several assessors have emphasized that the valuation is unrealistic as the social media company is still running at a loss and has only modest revenues. The price rise has been fueled by Trump supporters who have incited each other in various forums to buy the stock.
A Reddit user writes that the Trump hype has the potential to trump "crap fundamentals as well as crazy dilution and more".
...................................
Trump Media is valued at 70 billion before the premiere
The US ex-president's Trump Media is to be listed on the Nasdaq on Tuesday.
The share starts trading at 50 dollars, which gives the company a valuation of the equivalent of 70 billion kroner. That's what Bloomberg writes.
It was on Friday that the shareholders of the spac company Digital World Acquisitions gave the green light to a merger with Trump Media, paving the way for the listing.
The debut has the potential to be turbulent given that the company bled money last year - the equivalent of over half a billion kroner in the first nine months.
Trump Media mainly owns the social media platform Truth Social which sits on an unclear amount of users.
Inga kommentarer:
Skicka en kommentar