• Blue_Morpho@lemmy.world
    link
    fedilink
    arrow-up
    5
    arrow-down
    1
    ·
    9 months ago

    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.

    • homesnatch@lemm.ee
      link
      fedilink
      arrow-up
      5
      ·
      9 months ago

      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.