Trump DJT stock could be sold within weeks [Video]
Categories
Small Business Ideas

Trump DJT stock could be sold within weeks [Video]

A smartphone displays the logo of Donald Trump’s Truth Social app on March 25, 2024.

Anna Barclay | Getty Images

Former President Donald Trump will soon be free to start unloading his multibillion-dollar stake in his fledgling social media startup, Trump Media.

But the potential payday — Trump’s stake comprises more than half of his on-paper net worth, per Forbes — carries risks for both the Republican presidential nominee and his company.

Trump holds 114,750,000 shares, or nearly 59%, of Trump Media, which owns the social media platform Truth Social. As of Thursday, his stake was worth slightly more than $2.6 billion.

But Trump, along with others who received stock in the company before it went public, are barred from selling any of their shares for approximately 180 days under a “lockup agreement.”

Those provisions are a common feature of initial public offerings, meant to prevent company insiders from immediately cashing in their shares as soon as …

Watch/Read More

Most Popular Posts Today

Likelihood of Trump abuse draws opponents to bill that would facilitate shutting down non-profits [Video]
►
Categories
Small Business Ideas

Likelihood of Trump abuse draws opponents to bill that would facilitate shutting down non-profits [Video]

Rachel Maddow reports on the return of a bill that would make it possible to punish a non-profit organization by labeling them as being in support of terrorism. While many lawmakers were ok with the idea initially, the return of Donald Trump to the White House is causing second thoughts about how the law could be abused by someone looking to eliminate opposition to their power.

Most Popular This Week

Shadow cabinet: Democratic lawmaker proposes idea [Video]
►
Categories
Small Business Ideas

Shadow cabinet: Democratic lawmaker proposes idea [Video]

Coming off of Donald Trumps decisive victory in the 2024 election, were starting to see how his second term administration is shaping up. One question on the minds of many, what do the Democrats do now? One Democratic Congressman from North Carolina Rep. Wiley Nickel is proposing a shadow cabinet. He joined LiveNOW's Andy Mac to us explain what that means and how it could look.