this post was submitted on 09 Aug 2024
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[–] FuglyDuck@lemmy.world 33 points 1 month ago (13 children)

He's just gonna dump the stock and make out like bank leaving the rest to flounder.

[–] minibyte@sh.itjust.works 7 points 1 month ago* (last edited 1 month ago) (12 children)

I think there’s a lock out period for him following the merger but I don’t know for how long. There’s still time for the stock (DJT) to plummet, with any luck.

[–] fine_sandy_bottom@lemmy.federate.cc 18 points 1 month ago (10 children)

6 months. From April I think, so that would mean he can sell in October.

The share price is absurd. Idiots buying because they want to support trump somehow. The shares are worthless but hapless idiots will pay stupid prices for them.

He will start selling as soon as he can. I expect there will be a steady downward trajectory but who knows how fast and how low.

[–] Pacmanlives@lemmy.world 1 points 1 month ago (1 children)

Which means there be a massive pump in September/early October and then dump

I don't think it will be quite so pronounced. Trump has a majority holding so he will have to drop comparatively small holdings whenever he can do so without tanking the price.

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