Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Trump Media filing opens door for president to sell $2B in stock
trump media is a meme stock that is overpriced. The company has no earnings and no meaningful revenue. People are buying or holding this stock to seek favor with trump. trump is now bailing on this company and you will see the stock price crash
Link to tweet
https://abcnews.go.com/Politics/trump-media-filing-opens-door-president-sell-2b/story?id=120409342&cid=social_twitter_abcn
Donald Trump's social media company on Monday filed paperwork with the Securities and Exchange commission that could allow the president's trust to sell more than $2 billion of shares.
Trump Media and Technology Group filed a registration with the SEC that would open the door for the president's trust to sell up to nearly 115 million shares, which are worth more than $2.3 billion.
The filing does not guarantee the sale of the shares nor provide any information about a future sale. Since Trump took office, he transferred his stake of the company into the Donald J. Trump Revocable Trust, which is controlled by his son, Donald Trump Jr.
A sell-off from Trump, the company's largest individual shareholder, could panic investors and damage the company's stock price.
Trump Media and Technology Group filed a registration with the SEC that would open the door for the president's trust to sell up to nearly 115 million shares, which are worth more than $2.3 billion.
The filing does not guarantee the sale of the shares nor provide any information about a future sale. Since Trump took office, he transferred his stake of the company into the Donald J. Trump Revocable Trust, which is controlled by his son, Donald Trump Jr.
A sell-off from Trump, the company's largest individual shareholder, could panic investors and damage the company's stock price.
5 replies
= new reply since forum marked as read
= new reply since forum marked as read
trump media is a meme stock that is way overvalued. This stock will crash as trump bails on it
Link to tweet
