sell

“Truth Social SPAC: Covering Trump’s Exorbitant Legal Expenses Pending Board Approval”

Gettyimages 1479805952 1
Donald Trump’s beleaguered SPAC deal is finally going through, and just in time to pay nearly half a billion dollars owed over several legal actions — if the board agrees to let him sell. And that’s without reckoning with the questionable success of Truth Social, the partisan social network hurriedly stood up after the former President was booted from Twitter. TMTG reportedly had a net loss of around $49 million in 2023, on revenues of under $4 million — not exactly hot numbers. There’s no doubt that many, many shareholders in the newly public TMTG will sell their shares as soon as possible. But if Trump wanted to finance his current liabilities, he’d have to sell some 12 million shares at the current price — around 15% of his total stake.

Panic Among Adult Artists as Gumroad Bans Most NSFW Art

Gumroad Nsfw Banned
For creators who sell adult art, like explicit comic books or lewd cosplay photos, these sudden policy changes can be detrimental, resulting in an unforeseen loss of income. It’s ongoing.”This decision won’t be good for Gumroad’s business, either: The platform keeps a 10% cut of every sale, and adult content is popular on the platform. Patreon also updated its adult content guidelines this week to more precisely define what is allowed on the site. Adult creators don’t see this timing as coincidental. “I don’t know what to do next, personally, for my content,” Sleepingirl said.

Unauthorized SpaceX Files Reveal Stock Prohibition for Employees Found Guilty of Misconduct

Musk Spacex Employee Stock
Leaked SpaceX documents show company forbids employees to sell stock if it deems they’ve misbehaved 'An act of dishonesty against the company' is among the violations citedSpaceX requires employees to agree to some unusual terms related to their stock awards, which have a chilling effect on staff, according to sources and internal documents viewed by TechCrunch. Employees pay taxes on their sharesLike most tech companies, SpaceX includes stock options and restricted stock units (RSUs) as part of its compensation package to attract top talent. Unlike stock in public companies, stock in private companies cannot be sold without the company’s permission. Yet no employee at startups and private companies are entitled to sell their stock. Like other private companies, its stock is split into preferred and common stock.

VCs set to receive liquidity in 2024 through secondary market instead of IPOs

Gettyimages 1448144378
The secondary market allows for that now.”Stripe’s recent secondary sale is a clear example of this. Leung said that Sapphire deployed roughly $500 million into the secondary market in 2023, and expects to deploy the same if not more into secondary stakes in 2024. But given the maturation of the secondary market, it doesn’t need to thaw before the market is really ready. The secondary market “is playing a huge role,” Leung said regarding companies waiting to go public. [LPs] are not pressuring the GPs to push out their assets, which reduces the demand for the public market.”

Viacom18 Stake to be Acquired by Reliance from Paramount Global for More than $500M

Paramount
Paramount Global has reached a binding agreement to sell its stake in Reliance-controlled Indian media house Viacom18 to Reliance for $517 million, both companies said Wednesday. The deal will increase Reliance’s stake in Viacom18, which operates dozens of TV channels as well as streaming service JioCinema, to 70.49%, Reliance said in its disclosure. Law firm JSA Associates said late last month that it was advising the two firms for the deal. The move follows Disney announcing plans to merge its India business with Viacom18 late last month. Viacom18 also counts Bodhi Tree, an investment firm run by James Murdoch and Uday Shankar, among its backers.

The Proposed TikTok Ban: An Update on Congress’ Decision

Tiktok Ban 1
TikTok ban: What’s going on with the proposed bill in Congress Congress could force TikTok to part with its Chinese parent companyTikTok faces an uncertain fate in the U.S. once again. The bill, which many of its detractors reasonably describe as a “ban,” would force ByteDance to sell TikTok within six months for the app to continue operating here. The campaign to force ByteDance to sell TikTok to a U.S. company originated with an executive order during the Trump administration. Trump’s threats against the company culminated in a plan to force TikTok to sell its U.S. operations to Oracle in late 2020. We may learn more next week if senators begin weighing in on the prospect of creating their own version of the House bill.

Reddit’s IPO Plans: Anticipated $748M Raise, But Potentially Classified as a ‘Meme’ Stock Due to Redditors’ Immediate Selling Rights

Gettyimages 1454483278
In a new SEC filing, Reddit says it’s planning to sell around 22 million shares, priced between $31 to $34, potentially raising around $748 million at the high end of that range. But the IPO could be volatile given that Reddit will allow its community members to sell their shares immediately, instead of being subject to the usual lock-up agreements that typically prevent investors from selling shares for six months after the IPO. The move sets up Reddit to become a meme stock — a term coined in reference to the wild GameStop short squeeze of 2021, which was driven by a group of Reddit users on its community r/WallStreetBets. The users had taken on the hedge funds that had shorted GameStop’s stock by over 100% by working collectively to buy the stock. By allowing the Reddit community to buy into the IPO, there’s again potential for the stock to be manipulated — this time, possibly in Reddit’s favor — by Redditors’ collective action.

“Uncovering the Truth: The Latest Bill Threatening a TikTok Ban”

Tiktok Ban
What’s going on with the new bill that could ban TikTok? Congress wants to force TikTok to part with its Chinese parent companyTikTok faces an uncertain fate in the U.S. once again. The bill, which many of its detractors reasonably describe as a “ban,” would force ByteDance to sell TikTok within six months in order for the app to continue operating here. The campaign to force ByteDance to sell TikTok to a U.S. company originated with an executive order during the Trump administration. We may learn more next week if senators begin weighing in on the prospect of creating their own version of the house bill.

“Optimize Your Ticket Resale with SeatGeek’s Advanced Tools”

Seatgeek Smart Pricing
SeatGeek’s latest product release, which it calls “Next Fan Up,” gives sports and music fans access to tools used by venues, organizations, and licensed sellers alike. The feature gives you three selling options to choose from—sell faster at a lower price, sell slower at a higher price or sell at a more balanced pace and rate. However, SeatGeek will still recommend the best price in a separate box below. Regardless, resellers are nowhere near as bad as sleazy scalpers who drastically overprice tickets for desperate fans to cough up their hard-earned cash. Now fans can quickly list, price and sell their tickets for another fan to enjoy.”

“Instant Cash for Your Belongings: Discover TipTop, the Latest App from Postmates’ Creator”

Gettyimages 1343444887
The app, which includes instant cash offers and pickup, promises an easier way to sell your stuff. That led to TipTop’s first product, TipTop Cash, which makes it easy to sell the items you own. “TipTop Cash works like a reverse Postmates,” Lehmann explains. (Due to higher fraud risks, these may not be instant cash offers, however.) When they no longer needed the phone, they could unload it through TipTop Cash and buy their new one.