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Trump average and Technology Group, company after Social Truth, announced a new ambitious financial strategy on Monday: It’s going to spend to his own store.
In a picture release, CEO Devin Nunes incammed the movement as voting “vote in our company, our stock, and our strategic plans.” With about $ 3 billion in money, the budget, the company supported, the company has the flexibility that “support the strong restrover.”
But in the world of finance, a massive buyer can be interpreted in two ways. May be a sign of a healthy company, the mature company return money in their shares. Or can be seen as an attempt to propose a segging stock price by reducing the number of actions on the market, so it is artificial the value of the kings.
The adventure as the company’s home has almost 48% of their value since the beginning of the year, despite some more than the financial; In the first quarter, Trump average restricted his net loss to $ 31.6 million a $ 327.6 million a year old, and their total costs were more than $ 40,35 million.
The President Trump was the biggest stock in Trump SUPI, but after its presidential election of Donald. Trump. Trump. Trump to the time, he / shelves to the action, which were then for a sudden almost $ 4 billion.
The company bag is notoriously unpredictable, often by moving more about political forces of their current name. The social truth, social product, reema average Social AMAFAM, and society is there for the company of sustainable confidence.
This arises a critical question: is a $ 35 million 400 capital use for a company to a society that should be in growth, purchased technology? Or is this a simple thought movement to generate a positive news loop to counter the instability of the stock market?
Company finances are a curious mix of the traditional corporate and speculations of encryption. The printing press released care that this buyer will be funded separately from their bitcoin bitcoin treasure strategy. That encrypted initiative has been boling the month of $ 2,3 billion private by institutional investors, with the intended funds to buy bitcoin.
This dual approach suggests Trump media is to appeal to two different folies at once: The wall road that likes the shoppers and digital gold.
While society spins this as a power movement, it is difficult to ignore the underlying reality. A company with a huge cash pile but a madness of unnecessary melt is chosen to spend a luck on their own hype. By investors, movement could provide a short term pulse. But for the critics, it seems less like a “confidence voting” and more as a high-part attempt to keep the magic alive.
