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.
Nippon Steel is expected to re-file its application for a national security review by American regulators of its $15 billion takeover bid of US Steel, sources familiar with the matter told CNN on Tuesday, buying Japan’s largest steelmaker an additional 90 days to close its acquisition of an American rival after political opposition emerged in an election year.
So far, the attacks that targeted Iran-backed Lebanese militant group Hezbollah members through their pagers have had devastating consequences. At least nine people, including an eight-year-old girl, were killed, and at least 2,800 were wounded. Over 150 of those injured are in critical condition, according to the Lebanese health minister.