wendysiegelman,
@wendysiegelman@mastodon.social avatar

Trump Media will trade on Nasdaq on Tuesday under the stock symbol DJT

Trump has 79 million shares of Trump Media (60% of the stock) and owns a separate class of shares that gives him 55% voting power

Trump's shares could be valued at up to $3 billion

Trump Media will have immediate access to more than $300 million

https://www.nytimes.com/2024/03/25/business/trump-media-trading-tuesday.html

wordshaper,
@wordshaper@weatherishappening.network avatar

@wendysiegelman I am exceedingly curious as to how long the shares hold their value, and how thinly traded they end up being. (I also wonder how much wash trading there will be to try and prop the price up, so that's a bit of potential securities fraud to look forward to)

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