Trump Media stock falls below $20 per share, a first since company went public
Trump Media stock falls below $20 per share, a first since company went public
Trump Media, the company majority-owned by ex-President Donald Trump, fell below $20 per share for the first time since it started publicly trading as DJT.
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Trump owns nearly 59% of Trump Media’s stock. Even after losing much of its value, Trump’s stake at Wednesday’s stock price is still worth more than $2.2 billion — more than half of his on-paper net worth, according to Forbes.
Yea, I call bullshit on that.
If he tries to sell any substantial portion of his holding, the price will crater.
Thats the best part! He can take out loans against that as collateral. Then when he inevitabley defaults and the banks finally acknowledge the collateral is worthless, we bail out the banks! Capitalism!
Not if there's a state actor or two to keep buying. I wonder who that would be...
But it won't matter because he'll have already sold. Well, it won't matter to him.
He can’t just sell 2bn at once. They’re saying as he sold the price would naturally crater even without news getting involved.
Since the stock price is based on fee-fees, grift, bribery, and money laundering - there is absolutely no reason to think this is true.
Key word: on paper. No one besides Saudis and Putin will pay anywhere close to that amount
There are 192M shares and an average daily volume of 5.5M.
There is no way Trump could sell 113M shares quickly, the stock would absolutely crater and the market would react.
But he can still borrow against the value of those shares.
That’s how these parasites afford all their private jets and other insane luxuries. They just pull out loans against the value of their stock holdings, pay accountants to make sure it’s never a problem, and essentially spend their money while keeping it too.
It’s insane, because they essentially never have to pay taxes on anything but their personal income, and then you have grifters like musk who don’t even take salaries and just live off the loans.
Wait until the weird orange felon cashes out as soon he can, leaving all his poor investors with worthless TS stock that they mortgages their mobile homes for.
They're only worth that if people buy the shares
Well his worth changes every day, just on how he feels alone!