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.
Sadly there is no loss for him real or on paper. He only donated his name and usage rights to the company, any actual value came from suckers, and other REP. grifters. Even if each share is a cent by the time he sells, it’s still just profit for him.
Now, if other shareholders could come together and agree that he acted against their interests, THEN he could conceivably lose money in a resulting suit.
So when the timer runs out, will Trump sell his shares at a huge loss, or will the stock “magically” rally before he sells?
Sadly there is no loss for him real or on paper. He only donated his name and usage rights to the company, any actual value came from suckers, and other REP. grifters. Even if each share is a cent by the time he sells, it’s still just profit for him.
Now, if other shareholders could come together and agree that he acted against their interests, THEN he could conceivably lose money in a resulting suit.
Unless nobody buys and the company debts are more than assets. In which case its worthless and he bankrupts another company.
Currently its burning through a lot of money with minimal income, despite not developing their own software.