Trump Media Made a Deal That Could Secure a Major Financial Windfall for the GOP Candidate.
Trump Media Made a Deal That Could Secure a Major Financial Windfall for the GOP Candidate.
The company behind Trump’s Truth Social platform has the option to sell up to $2.5 billion worth of shares, easing the way for the former president to convert his paper stake into something more tangible.
Forever failing upward.
Can't see how this would benefit him. Say he cashes in and take the $2.5B. OK, that's real money as opposed to the paper (and worthless) stocks he has now.
But Trump himself selling out will only tank the stock, of which he owns $5.6B.
Is it a "bird in the hand vs. bush" thing?
2.5 billy richer sure seems like coming out ahead to me
You can borrow money against stock holdings, kind of. While it wouldn't give him access to all of that he could borrow from it and still have it in his portfolio
Not if the Russians and Saudis keep buying to prop it up. Which has no doubt been the plan all along.
It's literally what they've been doing with Tesla for years
Depends how much he invested. The money on hand might be more important to him to make him an actual billionaire.
Also, he has to keep bribing the Supreme Court aftee they crowned him.
Sort of, except the bush sounds like a lot of birds are in there, but when you stick your hands in, all you find are artificially inflated stock values.
Sorry for the abused metaphor.
Basically, the company isn’t worth the hype. So the purported value of those stocks is meaningless, unless he can sell them off before the hype ends. The 2.5 billion now is likely far in excess what that 5.6 billion will be worth in the future.