No. of Recommendations: 5
For someone like that, owning 60% of a business with a nominal market cap of $3 billion is much more valuable than a few tens of millions in the bank. And that's exactly the sort of thing that Trump is well aware of. Unless he thinks the other large owners are going to cash out and tank the stock anyway. As they are already doing. In that case the better choice is “gimme gimme gimme”, which comports with his ethos perfectly.
For instance, Phillip Juhan, Trump Media’s chief financial officer and treasurer, recently disclosed selling $1.9 million worth of stock. Trump Media’s general counsel Scott Glabe, chief operating officer Andrew Northwall and chief technology officer Vladimir Novachki made smaller sales last week too.
Even Devin Nunes, the former Republican congressman who now serves as Trump Media’s CEO and president, dumped $632,000 worth of stock last week. cnn.com - Trump truth social stock“That’s my money!” He famously said (several times, actually) when donations were going to the Republican Party instead of to him. Hard to imagine he’s ging to sit idly by while the other bozos on the bus cash out and he’s “afraid of what it might look like”.
