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In reply to the discussion: Trump's social media company soars nearly 50% in its first day of trading on Nasdaq [View all]24601
(3,970 posts)39. I've read a little more on the lockup agreement and it also prohibits selling options. If that were not the case, Musk,
for example, could pay him $15B for the right to purchase 5,000 shares on October 1st at the March 28th price. It's a shiny object just waiting for someone to use it to circumvent campaign contribution limits.
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Trump's social media company soars nearly 50% in its first day of trading on Nasdaq [View all]
ificandream
Mar 26
OP
On paper. Lots of time for it to drop to reflect fundamentals before he can access it 6 months plus down the road. nt
Bernardo de La Paz
Mar 26
#13
But media sells by sensational headlines, where fact don't matter. . . . nt
Bernardo de La Paz
Mar 26
#28
I've read a little more on the lockup agreement and it also prohibits selling options. If that were not the case, Musk,
24601
Mar 27
#39
Market watch says 135 M shares outstanding and 3.7 million are shorted
Bernardo de La Paz
Mar 26
#12
Not legal. Deutsche Bank paid about $640 million dollar fine 2017 for its role in stock trades that laundered. . . .nt
Bernardo de La Paz
Mar 26
#18
I suspect brokers are snatching up shares now to sell to suckers before the price plunges.
Martin68
Mar 26
#7
Are you suggesting there are no stock brokers left? If not, why did you assume I'm unaware that stocks can be purchased
Martin68
Mar 27
#36
This is not a good look for the stock market, when a worthless company can be worth so much.
Mr. Sparkle
Mar 26
#15