▲ 457 ▼ Trump Media stock falls below $20 per share, a first since company went public (www.cnbc.com) submitted 2 years ago by vegeta@lemmy.world to c/news@lemmy.world 48 comments fedilink hide all child comments
[–] reddig33@lemmy.world 15 points 2 years ago (1 child) So when the timer runs out, will Trump sell his shares at a huge loss, or will the stock “magically” rally before he sells? permalink fedilink source hideshow 2 child comments replies: [–] Andonyx@lemmy.world 15 points 2 years ago* (1 child) 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. permalink fedilink source parent hideshow 2 child comments replies: [–] hitmyspot@aussie.zone 2 points 2 years ago 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. permalink fedilink source parent
[–] Andonyx@lemmy.world 15 points 2 years ago* (1 child) 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. permalink fedilink source parent hideshow 2 child comments replies: [–] hitmyspot@aussie.zone 2 points 2 years ago 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. permalink fedilink source parent
[–] hitmyspot@aussie.zone 2 points 2 years ago 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. permalink fedilink source parent