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Small-time investors in Trump’s Truth Social reckon with stock collapse (wapo.st)

submitted 7 months ago by silence7 to c/usa@lemmy.ml

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Some Trump supporters who invested in his social media company have seen their share values plunge -— and see it as a test of faith

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[–] DogPeePoo@lemm.ee 13 points 7 months ago (1 children)

I would surmise that Jeff Yass, Ken Griffin, Donald himself and the other big money behind this stock all took short positions before running it into the ground.

Fleecing the Trump supporters like shearing a sheep bare skin.

[–] silence7 13 points 7 months ago

Trump has a pile of stock which he's not allowed to sell until six months after trading started. It's more that this becomes a vehicle for the super-wealthy to bribe him if he is elected again — they can do an open market purchase, with Trump selling to them.