Judge rules Trump Media breached stock contract with early investor

https://www.cnbc.com/2024/09/17/djt-trump-media-stock-lawsuit-lockup.html

13 Comments

  1. Worried_Quarter469 on

    In a Florida lawsuit, Trump Media has warned that ARC and another investment vehicle, United Atlantic Ventures, are planning an “imminent sale” of more than 18 million DJT shares once the lock-up lifts.

  2. He just can’t stop losing in court.

    > Trump Media breached an agreement with one of the investors that helped the company go public, and must grant the investor a larger share of its stock, a judge ruled.

    And the timing couldn’t be better.

    > The order in Delaware Chancery Court on Monday came **just three days before the investor, ARC Global, and other insiders — including majority-owner Donald Trump — will be free to start selling their shares** in the company behind Truth Social.

    Womp womp

  3. It’s crazy that in his worshippers’ minds, being a great business mind = being a fraudulent shitlord assfuck scumbag

  4. To crater? If it falls further, it will be delisted by January. Which should happen, what a garbage memestock ticker.

  5. Can someone explain this whole situation with the stocks and the media company to me because I don’t get this whole thing

  6. KieferSutherland on

    I’m wondering why the SEC isn’t looking into people who made large purchases of the stock. 

  7. We need it to go below $12, for just a moment, before the 20th. If so, then he can’t sell for another 5 days. By that time, after Nunes et al dump theirs, Trump’s shares will be next to worthless. He might net $200 million, well below the debts and loan amounts he has coming due.