this post was submitted on 15 Oct 2024
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politics

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[–] paf0@lemmy.world 76 points 1 month ago (5 children)

I bet Trump sold. He said he wouldn't, so he probably did.

[–] AbidanYre@lemmy.world 23 points 1 month ago

84 million shares had traded hands by 3:18 p.m. — multiple times the company’s 30-day average trading volume

Sure looks like it.

[–] Zachariah@lemmy.world 15 points 1 month ago

Trump … said he wouldn't, so he probably did.

You could post this comment all day long, every day.

[–] givesomefucks@lemmy.world 8 points 1 month ago

Nah, as much as he has it would have cratered the price, especially because everyone around him would dump immediately.

This is just someone trying to beat it, and trump is likely furious.

If he was cashing out, and he'd have pulled everything at once.

[–] iAmTheTot@sh.itjust.works 7 points 1 month ago (1 children)

I remember reading there was a period of time where he was legally not allowed to sell his shares. Has that time elapsed?

[–] mosiacmango@lemm.ee 8 points 1 month ago* (last edited 1 month ago)

Yes. That was mid september. The actual "founders" sold within days, but this transaction is about a month later.

[–] GroundedGator@lemmy.world 2 points 1 month ago

He is an officer of the company and the majority stakeholder. He's legally required to file with the SEC. If that has happened it would be huge news on every outlet.