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Trump's Truth Social loses $4 billion in value in one week, while revealing wider loss (www.cbsnews.com)
submitted 8 months ago by ylai@lemmy.ml to c/usa@lemmy.ml
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[-] Igloojoe@lemm.ee 30 points 8 months ago

Trump selling truth social stock was so that foreign entities could legally give him money so he could pay the bail for the NY case.

[-] jackpot@lemmy.ml 10 points 8 months ago

he cant sell any, hes lokced to it for 6 months

[-] Corkyskog@sh.itjust.works 1 points 8 months ago

Doesn't need to, it's asset that can be used for collateral.

[-] Natanael@slrpnk.net 1 points 8 months ago

I think in this case there was a contractual timelock blocking that too unless he gets an exception approved (don't remember all the details)

this post was submitted on 01 Apr 2024
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