He still has like 5 months before he can sell his shares and make money.
Not sure if it'll be before or after the election, but right now valuation only matters if some bank is dumb enough to use the shares as collateral on a loan.
Unless the board allows him to sell before the six-month mark. And considering the fact that the board is made up of his children and other sycophants, there’s a 100% chance they allow it if he asks. He just has to determine if he wants to sell a major stake in the company and potentially tank the stock, which I don’t think he’s shy about doing.
Trump is Trump Media’s biggest shareholder, with 57.3 percent of the company, or 78.7 million shares — a stake worth about $2.9 billion based on the stock’s closing price Monday.<
If it's worth anything at all at the time he can sell, he's made money, likely Billions, Hundreds of Millions, Tens of Millions? I dunno, more than I'll ever see. Money funneled to him for the express purpose of racial hatred, and to destroy American secular egalitarian Democracy. That he was able to do this, at all, is an indictment of how corrupt our institutions are.
Not if he wins the election. "Mr president we'd like you to hear us out on why our company's industry shouldn't have to pay taxes. Also, unrelated, we've bought $100 million in ad space on Truth Social. Back to that tax thing..."
All the money in my pocket vs all the money in yours, says that's not going to happen, there are far more people willing to throw good money after bad, to say nothing of institutional investors with money to "invest" in the support of Trump for what they can gain from Trump in the long term, than there are those who will tank the stock by shorting or selling out. Yours is a wish I too would like to see come true, though sadly, as we've seen, is only wishful thinking, with no basis in our communal experience thus far.
At the rate it's going, these won't even be penny stocks by the time he cashes out. Anyone with a functioning brain knows what's coming. The only people who are even interested in the stock right now are either the truly stupid/gullible/MAGA rubes and people who think they can make money shorting the stock.
However strong is my desire for DJT to tank, the statement "stock market is reality" does not reflect the said reality. It is the definition of fantasy, where valuations are driven by nothing fundamental. Only beliefs and expectations matter, and these change daily. Say, if Trump actually manages to win the election - and there is a terrifyingly high chance for that, - this joke of a company can actually skyrocket in valuation, as someone with money can try to buy his favour. Not that it will hold high for long, of course - just saying that manipulation is a reality (see what i did?).
highly.. that's why he went to a shady Russian "bank" to get enough money to keep that miserable failure afloat long enough to be traded openly.. he and his Russian pals are using proxies to short it, because that's how you make BIG money FAST.. and it's perfect, because he's going to leave a bunch of True Believers holding the bag for it..
Trump owns (iirc) about 58% of the shares in the company. He wants the price to go up. He at least wants to have the price up when his sell window is open (although a big sell off will crater the price because it both puts more shares on the market and because it signals disinterest/lack of faith).
Short sellers don’t own shares in the companies they’re shorting (with a couple of exceptions for hedging purposes). They borrow shares via their broker to sell XYZ at $50 and then buy the actual shares when XYZ hits $40.
The short interest in the company is insane, from everything I’ve read. It seems like most of the market is betting on it going down in flames probably this year.
Still, Trump’s going to walk away with what’s at least a billion or two. We need better regulation.
It entered the year worth $17/share, now it's worth $37/share. Yes, it was always insane to say it was worth more than Reddit but it's similarly not a flex when the valuation goes down from being worth more than Reddit to...still a lot of money.