Stalin
Well-Known Member
- Joined
- Apr 4, 2008
- Messages
- 3,067
One thing you cant say about the biggest grifter of all time...
He does not miss a chance to fleece anybody he can...
"..Just before announcing a major escalation in his tariff war on Wednesday evening — followed by a major stock market wipeout the following morning — president Donald Trump freed up the sale of his Truth Social shares.
As the Financial Times reports, Trump Media and Technology Group (TMTG) revealed that it was planning to sell more than 142 million shares in a late Tuesday filing with the Securities and Exchange Commission.
Most notably, the shares listed in the document include Trump's 114-million-share stake, which is worth roughly $2.3 billion and held in a trust controlled by his son Donald Trump Jr. Other insiders, including a crypto exchange-traded fund, and 106,000 shares held by US attorney Pam Bondi were also included in the latest filing.
While the filing doesn't guarantee any future sale of shares, investors weren't exactly smitten with the optics. Shares plunged eight percent in light of the news, according to the FT, and are down over 45 percent this year amid Trump's escalating trade war.
The timing of the SEC filing is certainly suspect. Trump's "liberation day" tariff announcement on Wednesday triggered a major selloff, causing shares of multinational companies and stock futures to crater.
uk.finance.yahoo.com
comrade stalin
grifterville
He does not miss a chance to fleece anybody he can...
"..Just before announcing a major escalation in his tariff war on Wednesday evening — followed by a major stock market wipeout the following morning — president Donald Trump freed up the sale of his Truth Social shares.
As the Financial Times reports, Trump Media and Technology Group (TMTG) revealed that it was planning to sell more than 142 million shares in a late Tuesday filing with the Securities and Exchange Commission.
Most notably, the shares listed in the document include Trump's 114-million-share stake, which is worth roughly $2.3 billion and held in a trust controlled by his son Donald Trump Jr. Other insiders, including a crypto exchange-traded fund, and 106,000 shares held by US attorney Pam Bondi were also included in the latest filing.
While the filing doesn't guarantee any future sale of shares, investors weren't exactly smitten with the optics. Shares plunged eight percent in light of the news, according to the FT, and are down over 45 percent this year amid Trump's escalating trade war.
The timing of the SEC filing is certainly suspect. Trump's "liberation day" tariff announcement on Wednesday triggered a major selloff, causing shares of multinational companies and stock futures to crater.
It's Interesting How Truth Social Moved to Sell Stock Right Before Trump's Tariffs Were Announced
Just before announcing a major escalation in his tariff war, which was followed by a major stock market wipeout on Thursday, president Donald Trump freed up the sale of his Truth Social shares. As the Financial Times reports, the social media company, owned by Trump Media and Technology Group...
uk.finance.yahoo.com
comrade stalin
grifterville
