Donald Trump Jr. joins the board of a woken -free marketplace

Donald Trump Jr. joins the board of a woken -free marketplace

The online marketplace platform Publicsquare, known for its "Woke-Free" orientation, experienced a dramatic increase in value on Tuesday after it became known that Donald Trump joined Jr.

Trump Jr. joins the board of directors

Michael Seifert, the founder and CEO of the parent company of Publicsquare, PSQ Holdings, confirmed on Tuesday evening by Trump Jr. "He invested in public aquare before our IPO and never sold a share because he and I both believe that our company has enormous unused potential. And we are just starting," said Seifert in a Post on X.

rapid increase in the company value

The message about Trump Jr.s entry was first of Bloomberg news Value of PSQ Holdings until lunchtime by around 90% drift. After confirming the expansion of the board by Seifert, the profits jumped to almost four times, so PSQ Holdings ended the day with an increase of 270%. This means that the company's market value increased from $ 72 million on Monday to around $ 265 million at the end of the trade on Tuesday.

expertise and vision for the future

"When it comes to building a 'Cancel Proof’ economy, Don brings important expertise at the board level with his passion, his years of strategic business experience and his leadership in the field of shooting sports industry, "wrote Seifert on X.

publicsquare describes itself as a "America's Woke-Free marketplace", a platform that connects buyers with "value-oriented companies that refuse to succumb to the progressive ideology that the corporate world in America wants to overcome." The company states that its trade and payment system "serves customers and companies that appreciate life, family and freedom"

explosive growth since its foundation

"We have experienced explosive growth since our foundation in 2022," said Seifert CNN in an email. Sales rose to $ 6.5 million in the past quarter alone after it was $ 500,000 in 2022.

prominent support for PSQ Holdings

The board of PSQ Holdings includes a number of other prominent Republicans, including Nick Ayers, the former chief of staff of Vice President Mike Pence; Former US Senator Kelly Loeffler; Blake Masters, who unsuccessfully ran for the US Senate in Arizona; and the former Hedge fund manager of Bank of America, Oomeed Malik. Malik is the President of 1789 Capital, an anti-g-ESG venture capital company that has supposedly joined Trump Jr.

investors show great interest

Steve Sosnick, the main strategist at Interactive Brokers, expressed that investors bet "that it has an advantage to have the son of the future president as an insider in the company". "Don Jr. would of course have extraordinary access to the leader of the free world, which could bring significant advantages for otherwise small and quite unknown companies if this leads to greater visibility and access to government contracts," said Sosnick in an email to Cnn.

Similar developments in the industry

A similar story occurred last week with the little -known Aktiengesellschaft Unusual Machines. The shares of the drone manufacturer skyrocketed on November 27 by 85% after the company from Orlando announced that Trump joined the advisory committee. The following day the company experienced another increase of 89%.

"The need for drones is obvious. It is also clear that we have to stop buying Chinese drones and parts," said Trump Jr. in the press release. "I love what unusual machines do to bring jobs back to the United States in drone production, and I am happy to take on a larger role in this movement."

prospects in trade policy

Unusual machines, like many companies that rely on imports from China, warned that their business could be impaired by customs increases in China. The designated President Donald Trump announced last week that on the first day of his tenure he would increase the tariffs in China by a further 10%, provided Beijing does not act against drug trafficking with fentanyl. At the weekend, Trump with 100% tariffs in China, Russia and other Brics states, unless they promise, no new ones To create currency or to support an alternative to the US dollar.