Besides:Here we go again. pic.twitter.com/atiHHWnn6B
— Ron Filipkowski (@RonFilipkowski) April 5, 2024
The company, which is primarily based on the value of Trump's social media app Truth Social, took in only $4 million in ad revenue last year while losing $58 million. Two people just pled guilty in federal court to insider trading in the stock, and Trump is suing two of the initial principle investors because he is irate they included stipulations that he can't sell the stock for 6 months.I’m not sure Trump can use the bailout of forcing the friendly board to allow him to cash out now. He’s a major shareholder so I imagine the SEC would not look kindly on that. But my knowledge of securities law is zilch, so who knows?
He’s acting hogtied right now, anyway.
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