Trump’s $2 billion Truth Social dilemma: Cash out or hang on?
CNN
One of the most powerful people on the planet has been blocked from selling one of his most prized assets. Until now.
One of the most powerful people on the planet has been blocked from selling one of his most prized assets. Until now. The restraints preventing former President Donald Trump from selling shares in his social media company are set to expire as soon as Thursday afternoon. This will free Trump – and other insiders at Trump Media & Technology Group – to sell shares in the controversial company that owns Truth Social if they wish. It’s a major moment for Trump Media, whose share price has fallen dramatically since going public in March. The former president is the face of the company and its dominant shareholder. The risk that Trump and other insiders could rush for the exits has been hanging over the stock for weeks.
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