Marjorie Taylor Greene won’t say what happened to her Trump Media stock
Marjorie Taylor Greene won’t say what happened to her Trump Media stock
Trump Media is the parent company of the former president's social media app, Truth Social.
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TL;DR She bought between 15 and 50K worth when it was trading at $110, it's at $30 now.
It's always funny to see the MAGA true believer politicians getting burned. The cynical assholes like Cruz and Graham I can understand, they either visibly got on the bandwagon or lost their seats... but somehow MTG is this dumb and also managed to get elected.
To clarify, everyone who supports Trump (truthfully or in appearance only) is a huge fucking asshole for putting personal well being in front of us having a democracy and a litany of other reasons... but some of these politicians are slimy assholes and some are just fucking dumb.
Have you ever heard of a guy called Herman Cain?
Yup, thankfully he was too much of an idiot to ever win an election though he got closer than I'd hope. Mike Lindell is a similar idiot but thankfully he's getting justice.
You mean the guy who has the award named after him?
The guy that's always tweeting stupid shit?
9.9.9.
but most are both fucking dumb and slimy assholes.
You leave Magic the Gathering out of this!
Well, she got it covered by the 183k in PPP loan forgiveness she was handed in 2020.
The point wasn't to profit. The point was to funnel money to Trump. IPO shares go into the company's bank account of which Trump owns 60%.
Trump can't touch the stock until a 6 month waiting period is over.. By then it'll be a penny stock.
It doesn't matter that he can't touch the stock. The cash has been deposited to the company's bank which he owns. He doesn't need to sell the stock. He has the company's cash that all the IPO investors gave him.
Thankfully it does matter... the IPO for the stock happened in 2021, and this year renamed to DJT following a merger with Truth Social. The money from the 2021 IPO is long gone as the Org has been losing money since.
Oh shit for real? You have a source? Not doubting you, just curious
"Trump owns more than 57% of the company's stock, though he is barred from selling his stake until a six-month lockout period expires."
A lot of these stock-wealthy guys (e.g. Elon) get around taxes by taking out low interest loans against their stock.
Is it possible he could do that instead?
It would be a dumbass bank who would do it, but it's not impossible.
So far, only shady-ass car loan shark company has been willing to accept Donny’s collateral, maybe, unless it’s just after bribe to get them out of trouble if that dickhead manages to win the election.
The waters of $30 close over sinking DJT stock. (Currently $29.73.)
One can only hope she bought in when it was in the $70's.
So 150-300 shares.