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.
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!
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!
But it won’t matter because he’ll have already sold. Well, it won’t matter to him.
Not if there’s a state actor or two to keep buying. I wonder who that would be…
Since the stock price is based on fee-fees, grift, bribery, and money laundering - there is absolutely no reason to think this is true.