this post was submitted on 27 Mar 2024
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chapotraphouse

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[–] happybadger@hexbear.net 25 points 7 months ago

Correction: https://twitter.com/NYDailyNews/status/1772686796817666098

The soaring stock price, which climbed by more than 30% Monday, would value the company at more than $5 billion, which could give Trump an eye-popping personal windfall of about $3 billion for the 79 million shares he owns.

The former president is barred from selling the shares for six months, although the company could tweak those restrictions.

The board is stacked by him so they'll likely approve an early sale for $3B+- whatever the stock price reaches by then, at which point it will probably be a pump and dump.