Trump stands to make $3.5 billion from his 60% share of Truth Social now that it has become a meme stock
stewie3128 @ stewie3128 @lemmy.world Posts 1Comments 50Joined 2 yr. ago
stewie3128 @ stewie3128 @lemmy.world
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He can't sell for six months after it goes public, nor can he use his shares as collateral for a loan in those six months. If he loses the election, stock will tank, so IPO needs to be delayed until mid-May to potentially royally screw him over.