The company behind Trump’s Truth Social platform has the option to sell up to $2.5 billion worth of shares, easing the way for the former president to convert his paper stake into something more tangible.
Sort of, except the bush sounds like a lot of birds are in there, but when you stick your hands in, all you find are artificially inflated stock values.
Sorry for the abused metaphor.
Basically, the company isn’t worth the hype. So the purported value of those stocks is meaningless, unless he can sell them off before the hype ends. The 2.5 billion now is likely far in excess what that 5.6 billion will be worth in the future.
Sort of, except the bush sounds like a lot of birds are in there, but when you stick your hands in, all you find are artificially inflated stock values.
Sorry for the abused metaphor.
Basically, the company isn’t worth the hype. So the purported value of those stocks is meaningless, unless he can sell them off before the hype ends. The 2.5 billion now is likely far in excess what that 5.6 billion will be worth in the future.