Published 09/20/2024 12:13:00 a.m.

Facing a $2 billion decision, Trump says he will keep his Truth Social shares

Trump stated, “No, I’m not selling. No, I love it,” confirming he will retain his Truth Social shares, causing a temporary spike in the company's stock price.
Trump's stake value has dropped from $6.2 billion to $1.8 billion, limiting his ability to sell without affecting the share price significantly, given he owns 57% of the stock.
Analyst Stegemoller remarked, “This is a company whose value is so utterly tied up in one person,” comparing it to the situation with Apple and Steve Jobs.

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abc News

Facing a $2 billion decision, Trump says he will keep his Truth Social shares

Six months after Donald Trump's Truth Social company went public, the "lockup" agreement that kept him from selling any of his 115 million shares expired this afternoon.

09/19/2024 8:20:00 p.m.·United States

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CNN

Trump faces a $2 billion decision over his social media empire

One of the most powerful people on the planet has been blocked from selling one of his most prized assets. Until now.

09/19/2024 9:30:19 a.m.·Atlanta, United States

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Political Wire

Trump Faces a $1.7 Billion Decision

"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 T

09/19/2024 12:00:00 a.m.·New York, United States

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KTVZ

Trump faces a $2 billion decision over his social media empire

By Matt Egan, CNN Washington (CNN) — One of the most powerful people on the planet has been blocked from selling one of his most prized assets. Until now. The restraints preventing former President Donald Trump from selling shares in his social media company are set to expire as soon as Thursday afternoon. This will

09/19/2024 9:30:19 a.m.·Bend, United States

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SuperHits 103.7 COSY-FM

Facing a $2 billion decision, Trump says he will keep his Truth Social shares

Avishek Das/SOPA Images/LightRocket via Getty Images (NEW YORK) — After waiting six months — and losing $4 billion on paper — former President Donald Trump faces a potential windfall from his social media company. 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 c…

09/19/2024 8:49:46 p.m.

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