From Donald Trump, asked if he plans to sell Truth Social stock when his lockup period ends a week from now:
No, I’m not selling. I’m not leaving. I love it. I think it’s great.
Well, that's that. He's selling.
Cats, charts, and politics
From Donald Trump, asked if he plans to sell Truth Social stock when his lockup period ends a week from now:
No, I’m not selling. I’m not leaving. I love it. I think it’s great.
Well, that's that. He's selling.
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He'll sell even if his profit has dropped down to, uh, $75,000. That'll still pay for a couple days' of lawyering.
So there's a functioning brain in there, somewhere?
Even when he screws over everybody, they'll still kneel down in front of him and await his pleasure all over again.
Does anyone know the rules on stock sales? Does he need to pre-announce if he’s selling shares, or can he just do it after the fact? Are disclosures public or at first just to the SEC?
In part, value of DJT is tied to his odds in the election. Hasn’t been a good couple of months for him, though about 2 pm ET today the stock zoomed 28% for a short time.
28% is the Pump. Watch for the Dump
Exactly, this will work with his stupid flock.
That was buying by the suckers who had just heard his announcement that he wouldn’t be cashing out, and believed the lying sack of shit. Fool me once, fool me twice — must be a loyal member of the cult …
That may be. It was a crazy spike though, so I think perhaps some big money trying do him (or buy) a favor.
Since posting above, I read elsewhere that his "I'm not selling" declaration is binding and if he sells now he's got a big SEC violation to deal with. (No idea if that's true but maybe it is.)
Binding by what? Unless he told some authority what he says publicly is almost surely a lie. He couldn't care less about his cult losing their life's savings when DJT stock crashes. He only cares about keeping the price up till he can sell.
are you from tennessee?
I don't think he's gonna sell. I think he's been talking to Elon Musk and he's gonna do the same thing Elon did with Tesla and Twitter -- he's gonna borrow a shitton of money off the equity of the Trump Social stock then buy something of value with the borrowed money, then default on the loans and let them take the crappy stock after it collapses following his loss in November.
I was thinking he might try that, but who’s going to take that crappy stock as collateral, without heavily discounting it?
His cult.
He's also threatening to leave NASDAQ because it paused trading twice today, no doubt to try to intimidate it into not suspending trading when he starts dumping his stock.
https://www.cnn.com/2024/09/14/media/truth-social-trump-nasdaq/index.html
He really is an idiot.
He could hand it out to numbskulls who donate to him. Not selling it that way.
That sounds like something he would do. But is it legal? It sounds a bit shady. Though what doesn't when it comes to Trump.
If he's smart, he knows he needs to sell before the election; losing the election will make it worthless. He may be silly enough to believe in himself 100% and stake it on the election though too.
But it's also never going to be a Twitter rival, so any real money in and out of it is going to be some sort of (legal-enough) stock trick, meme-stock chicanery or something. Watch for it to generate money somehow for him, maybe a few others, but still never really go anywhere but down.
The price went up after he said he wasn't going to sell. Which means he'll sell immediately if he loses in November.
"No, I’m not selling. I’m not leaving. I love it. I think it’s great." There's nothing great about Truth Social besides its debt to profit ratio.