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I believe it's not only that these investors made no promises not to sell, but that several of them specifically expressed that they would be selling as soon as they were legally allowed to do so.
It's hard to accurately value Truth Social. But I think if Trump were to leave the platform, its value would go to zero, and that makes it very risky. I just saw a price of 12.74. I wouldn't be surprised if it's still quite overvalued, and so it makes sense for those investors to try to sell at this price.
And we know Mr Trump hasn't dumped his stock because ... he said so?
Are we back to believing anything this lying felon says?
If he sells now, the value drops immediately to zero and a big thing with Trump's name all over goes down in flames just before the election. That doesn't help him at the polls.
We can't trust him to do what he says, but we can trust him to look out for himself.
We can trust him to look out for himself as he sees it, not necessarily rationally. And also not to plan long-term if he needs a cash infusion now. Will be interesting (I guess) to see which pressure wins out