As soon as he sells it’s going to signal that he is done with the platform to all his “investors”, and will likely trigger a selloff until it craters and his base loses their money (not good to do until at least after the election).
You make a good point, and yet I wouldn’t be shocked if many people were still rabid fans even if he sold it at their expense. There’s a lot of weird idolization around him, and seems like the kind of thing many of his fans would laud as his great business acumen, ignoring the negative impacts it had on them.
Yeah but then he might be left unable to cash in on this grift. Though it will make his coup harder to pull off if his followers hate him. Could go either way.
When is he allowed to sell his stake? I seem to recall there was a time limit after going public.
As soon as he sells it’s going to signal that he is done with the platform to all his “investors”, and will likely trigger a selloff until it craters and his base loses their money (not good to do until at least after the election).
You make a good point, and yet I wouldn’t be shocked if many people were still rabid fans even if he sold it at their expense. There’s a lot of weird idolization around him, and seems like the kind of thing many of his fans would laud as his great business acumen, ignoring the negative impacts it had on them.
Yeah but then he might be left unable to cash in on this grift. Though it will make his coup harder to pull off if his followers hate him. Could go either way.
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Would anyone with enough money to afford it be interested in owning that sinking ship?
It won’t be sold as a single block – the shares will just be placed on the market.
I expect that he’ll sell for as a little as is necessary.