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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump Files to Sell His Shares in Trump Media
Trump Files to Sell His Shares in Trump Media
April 2, 2025 at 10:18 am EDT By Taegan Goddard 51 Comments
https://politicalwire.com/2025/04/02/trump-files-to-sell-his-shares-in-trump-media/
"SNIP.........
Donald Trumps social media company on Monday filed paperwork with the Securities and Exchange commission that could allow the presidents trust to sell more than $2 billion of shares, ABC News reports.
..........SNIP"
Tommy Carcetti
(44,401 posts)And the potential of a resulting Dow downturn.
Transparent as glass.
Bernardo de La Paz
(60,320 posts)I think it is simply that he thinks the stock will only go down further, so might as well close out the grift now.
There is only a filing. It needs to be processed, which doesn't happen instantly.
The stock market might not go down after the tariff taxes are announced. 1) They don't seem to be pricing in the synergistic effects of layoffs, deportations and spending cuts. 2) Sentiment has swung to a mood of slight pessimism on net, it seems to me this past month; stock markets often go against sentiment on the idea that by time sentiment gets exposed, people have already made their buys or sales.
I think the sentiment has swung back slightly to a bit more positive than a week ago. I don't know about the actual tariff taxes to be imposed, but I think they will be a bit harsher and broader than people have been hoping (and buying stocks on the hope). I think the market will go down some, but I keep in mind point one above. I do know I sold out of stocks almost three months ago.
LetMyPeopleVote
(174,820 posts)trump media is a meme stock that is way overvalued. This stock will crash as trump bails on it
Link to tweet


edhopper
(37,055 posts)If the major buyers are ever made public we will see the billionaires are just funneling money.
bluestarone
(21,138 posts)We ALL know this, and the people in our judicial system KNOW IT. It was so easy for these monsters to achieve what they wanted.
Irish_Dem
(79,727 posts)Walleye
(43,807 posts)BoRaGard
(7,591 posts)GOP got a massive leaky diaper thingy going on