“After waiting six months — and losing $4 billion on paper — former President Donald Trump faces a potential windfall from his social media company,” ABC News reports.
“Half a year after the public company behind Trump’s Truth Social platform went public, the ‘lockup’ agreement that prevented Trump from selling any of his 115 million shares expired on Thursday afternoon.”
“Beginning to sell his shares could allow Trump to profit handsomely from his stake in the company — which is currently valued at approximately $1.7 billion — but it could crater the stock for the company’s diehard supporters, many of whom invested their money in the company as a sign of their support for the former president.”
Bloomberg: Trump can cash in his slumping stock now. But he promised not to.
