Trump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest People
submitted 1 month ago by [deleted] from (finance.yahoo.com)
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[–]ActuallyNot 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 1 month ago (1 child)
Thanks, that is indeed eye-popping, because I think it's illegal to overvalue shares.
Someone is buying the shares for a stupidly high price. Perhaps Ivanka's husband is pumping all that Saudi money he got control of for no apparent reason, but since Trump stole US military secrets, into them.
The skyrocketing share price comes despite the fact that Trump Media is burning through cash; piling up losses; and its main product, Truth Social, is losing users.
Some kind of price manipulation then.
Likely after the abject embarrassment of having to file that he couldn't post the bond to stay the execution of the judgement of the New York fraud judgement while he appeals, he's tried to get some press together to dilute the impression that he's broke ... against the main point of his platform.
[–]GuyWhite 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 1 month ago (0 children)
Price manipulation? Very interesting gossip!
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[–]ActuallyNot 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (1 child)
[–]GuyWhite 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)