Donald Trump's Billions On Hold As Insiders Sell Off Truth Social Shares
Donald Trump's Billions On Hold As Insiders Sell Off Truth Social Shares
Insiders at Trump Media & Technology Group (NASDAQ:DJT) owned social media platform Truth Social have started offloading their shares.
特朗普概念(NASDAQ:DJT)旗下的社交媒体平台Truth Social的内部人士已开始抛售他们持有的股份。
Meanwhile, Donald Trump is still waiting for his opportunity to cash in on his stake in the social media company.
与此同时,特朗普还在等待机会套现他在社交媒体公司的股权。
What Happened: Executives at Truth Social have initiated the sale of their shares. The social media platform began trading on NASDAQ following its merger with Digital World Acquisition Corp. in late March. Despite an initial valuation of over $3.8 billion and a share price of $57.99, the company's stock has since taken a nosedive to $19.60.
事件经过:Truth Social的高管们已开始出售他们的股份。该社交媒体平台于今年三月底与Digital World Acquisition Corp.合并后在纳斯达克上市交易。尽管最初估值超过38亿美元,股价为57.99美元,但公司股票随后暴跌至19.60美元。
Trump currently owns more than 114 million shares in Trump Media, a stake valued at about $2.5 billion. The company trading under the ticker DJT, is unable to liquidate his shares until Sept. 25 due to a lock-up period rule, as per SEC filings.
特朗普目前在特朗普概念公司拥有超过11400万股,价值约25亿美元的股权。根据SEC文件,该公司交易代码为DJt,由于封闭期规定,特朗普无法在9月25日之前清仓其股份。
As per a report by Fortune, other insiders, including Trump Media's CFO Phillip Juhan and CEO Devin Nunes, have already begun selling their shares.
根据财富网的报道,包括特朗普概念的首席财务官Philip Juhan和首席执行官Devin Nunes在内的其他内部人士已开始出售股份。
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Robert R. Johnson, a finance professor at Creighton University, told Fortune that the stock price of Truth Social is largely disconnected from the company's financial reality.
Creighton大学的金融教授Robert R. Johnson告诉财富杂志,Truth Social的股价与公司的财务状况基本脱钩。
In Q1 2024, the company reported a staggering loss of $327 million on revenues of a mere $770,500.
根据2024年第一季度的财报,该公司的净亏损为32700万美元,营收仅为77.05万美元。
While Trump could potentially sell his shares by Sept. 20 if the share price remains steady, it's unlikely he would sell his entire stake considering the potential impact on the stock's value and his political supporters who are also shareholders.
特朗普如果股价保持稳定,可能会在9月20日前卖出他的股份,但考虑到这可能会对股票价值和他的政治支持者造成影响,他不太可能卖掉他的全部股份。
Also Read: Trump Vs Harris: Kamala Harris Takes 8-Point Lead In New Poll, With Race And Gender Shaping Voter Preferences
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Why It Matters: The selling of shares by Truth Social executives raises questions about the company's future. The stock's drastic decline and the company's significant Q1 loss indicate a disconnect between the company's financial reality and its stock price.
为何重要: Truth Social高管出售股份引发对公司未来的质疑。股票急剧下跌和公司在Q1的重大亏损表明了公司财务现实与股价之间存在脱节。
This discrepancy, along with the impending end of Trump's lock-up period, could potentially lead to further instability in the company's stock price.
这种差异,加上特朗普锁定期即将结束,可能会导致公司股价进一步不稳定。
The situation is further complicated by the fact that many of Trump's political supporters are also shareholders, adding a layer of political implications to any potential sell-off.
情况进一步复杂化的原因是许多特朗普的政治支持者也是股东,这给潜在的抛售增加了一层政治含义。
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This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
这一内容部分借助于本赛思神经和本赛思编辑审核并发表。