• tal@lemmy.today
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    2 months ago

    But the lock-ups are set to expire as soon as Sept. 20, at which point Trump may choose to start selling his shares.

    https://en.wikipedia.org/wiki/2024_United_States_presidential_election

    The 2024 United States presidential election will be the 60th quadrennial presidential election, set to be held on Tuesday, November 5, 2024.

    So he can start to dump it a month-and-a-half before Election Day.

    This should be interesting.

    I’d sort of imagine that if I were a True Believer who had put a lot of my money into Trump Media on the promise that Trump was going to make me rich, I might be a little irked if Trump bails out.

    • RunningInRVA@lemmy.world
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      2 months ago

      It’s going to be a race to the bottom as we approach 9/20. If he keeps tanking in the polls (he will) then so will the stock price.

    • ripcord@lemmy.world
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      2 months ago

      I seriously doubt almost any of the goons or money launderers or bribers that bought the stock have done so thinking they’ll make much - or any - money.