Trump owns nearly 59% of Trump Media’s stock. Even after losing much of its value, Trump’s stake at Wednesday’s stock price is still worth more than $2.2 billion — more than half of his on-paper net worth, according to Forbes.
Yea, I call bullshit on that.
If he tries to sell any substantial portion of his holding, the price will crater.
Thats the best part! He can take out loans against that as collateral. Then when he inevitabley defaults and the banks finally acknowledge the collateral is worthless, we bail out the banks! Capitalism!
Not if there’s a state actor or two to keep buying. I wonder who that would be…
But it won’t matter because he’ll have already sold. Well, it won’t matter to him.
He can’t just sell 2bn at once. They’re saying as he sold the price would naturally crater even without news getting involved.
Since the stock price is based on fee-fees, grift, bribery, and money laundering - there is absolutely no reason to think this is true.
Key word: on paper. No one besides Saudis and Putin will pay anywhere close to that amount
There are 192M shares and an average daily volume of 5.5M.
There is no way Trump could sell 113M shares quickly, the stock would absolutely crater and the market would react.
But he can still borrow against the value of those shares.
That’s how these parasites afford all their private jets and other insane luxuries. They just pull out loans against the value of their stock holdings, pay accountants to make sure it’s never a problem, and essentially spend their money while keeping it too.
It’s insane, because they essentially never have to pay taxes on anything but their personal income, and then you have grifters like musk who don’t even take salaries and just live off the loans.
Wait until the weird orange felon cashes out as soon he can, leaving all his poor investors with worthless TS stock that they mortgages their mobile homes for.
They’re only worth that if people buy the shares
Well his worth changes every day, just on how he feels alone!
Still $20 overpriced.
Good news!! 20 to go!
There would be justice if everyone got out before Trump could sell and left him holding the bag.
Even if he sold at $1 a share, he’s going to get far more than its worth out of it.
Yep. It’s just another scam. Someone has to want to buy it from him. Those people will be left with something worthless, and Trump will walk away with their money.
Not unlike how he’s made a lot of his other money.
So when the timer runs out, will Trump sell his shares at a huge loss, or will the stock “magically” rally before he sells?
Sadly there is no loss for him real or on paper. He only donated his name and usage rights to the company, any actual value came from suckers, and other REP. grifters. Even if each share is a cent by the time he sells, it’s still just profit for him.
Now, if other shareholders could come together and agree that he acted against their interests, THEN he could conceivably lose money in a resulting suit.
But the lock-ups are set to expire as soon as Sept. 20, at which point Trump may choose to start selling his shares.
https://en.wikipedia.org/wiki/2024_United_States_presidential_election
The 2024 United States presidential election will be the 60th quadrennial presidential election, set to be held on Tuesday, November 5, 2024.
So he can start to dump it a month-and-a-half before Election Day.
This should be interesting.
I’d sort of imagine that if I were a True Believer who had put a lot of my money into Trump Media on the promise that Trump was going to make me rich, I might be a little irked if Trump bails out.
I seriously doubt almost any of the goons or money launderers or bribers that bought the stock have done so thinking they’ll make much - or any - money.
It’s going to be a race to the bottom as we approach 9/20. If he keeps tanking in the polls (he will) then so will the stock price.
that is what Devin Nunes is up to these days? What an insufferable urinal cake of a human.
How’s his cow, tho?
What a loser. I don’t want presidential candidates that can’t find growth in their companies. What a basement dweller. Sad.
lol
I’m salty I never bought any of this stock. It’s probably one of the easiest stocks to time properly to get a proper profit from. No use getting it now though, Trump killed it.
Buy in now in a month or so it’ll bounce at least a little and you’ll make slight profit
A month is when the lockup period for Trump ends. He may sell like 60% of the company.
Price ain’t gonna go up if the primary owner liquidates.
It will go up and then he will sell and it will go back down. It won’t go up when he sells. He’s going to get it to pump
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https://www.cnbc.com/2024/08/28/djt-trump-media-stock-falls-below-20-per-share-for-first-time.html