Christopher Bouzy
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Today, Truth Social reported a loss of nearly $60 million in 2023, and because of the bad news, the stock price took a nosedive. Trump's stake is down approximately $3 billion. By the time he is able to sell, his shares will be worthless.
04:26 PM - Apr 01, 2024
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Heather Hughson
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In response to Christopher Bouzy.
Unless he cashed out at the IPO. A smart investor would have. He, however, is not a smart investor 🤷‍♀️
05:38 PM - Apr 01, 2024
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Dora Exploring
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In response to Heather Hughson.
According to reports I heard he is not allowed to sell his shares before 6 months. Something to do with him being the primary or majority share owner.
06:19 PM - Apr 01, 2024
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Heather Hughson
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Yup, there is a mandatory lock-up period on major shareholders, but that could potentially be waived by the Board. There is nothing other than the rule of law and the threat of lawsuits stopping him from actually doing so.
In response to Dora Exploring.
06:28 PM - Apr 01, 2024
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Heather Hughson
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In response to Heather Hughson.
This is a good primer on how easy it would be for him to get that lock-in period waived. But I also wouldn't put it past him to try to find a way around even this: https://finance.yahoo.com/...
06:32 PM - Apr 01, 2024
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