this post was submitted on 14 Apr 2024
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United States | News & Politics

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Small-time investors in Trump’s Truth Social reckon with stock collapse (wapo.st)
submitted 6 months ago by silence7@slrpnk.net to c/usa@lemmy.ml
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Some Trump supporters who invested in his social media company have seen their share values plunge -— and see it as a test of faith

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[–] silence7@slrpnk.net 11 points 6 months ago

Trump has a pile of stock which he's not allowed to sell until six months after trading started. It's more that this becomes a vehicle for the super-wealthy to bribe him if he is elected again — they can do an open market purchase, with Trump selling to them.