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karynnj

(59,510 posts)

8. Until he sells it, it is not clear how much he made

Reply to superpatriotman (Reply #4)

Fri Mar 22, 2024, 05:32 PM

Mar 22

He can't sell for 6 months after he gets the stock. If this were not someone like Trump, the fact that Truth Social has not made money, the stock would be worthless. The problem is the price is whatever the buyers will pay. Given that he is a corrupt man who could be President again, the "value" is not related to the value of truth social, but the value of the "goodwill" of Trump.

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Highlight:

DWAC is down 9% on the market today. Has Shitgibbon touched it already? [View all] kpete Mar 22 OP

Now over 10% loss. ETTD OMGWTF Mar 22 #1

He can't sell his stocks leftieNanner Mar 22 #2

It likely has more to do with it being a shitty investment. nt Gore1FL Mar 22 #3

He has made $3billion from this pump and dump superpatriotman Mar 22 #4

His pumpin' days are over... lame54 Mar 22 #6

Until he sells it, it is not clear how much he made karynnj Mar 22 #8

He can privately sell or hypothecate shares to high bidder superpatriotman Mar 22 #9

Please forgive my ignorance..... usedtobedemgurl Mar 22 #12

🤣 BlueKota Mar 22 #5

One wonders if Putin or the Saudis will buy enough stock to keep the price high. Girard442 Mar 22 #7

DWAC closed at 36.94 and was down 5.87-Meme stock rely on the greater fool theory and no one wants to be the last to buy LetMyPeopleVote Mar 22 #10

This message was self-deleted by its author WarGamer Mar 22 #11

DWAC: "Digital World Acquisition Corp.", currently a silly meme stock for now... 0rganism Mar 22 #13