• givesomefucks@lemmy.world
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      2 years ago

      Yeah, but he has millions of shares he paid nothing for.

      He’s going to be the only one who doesn’t lose money, because he paid nothing for his stock.

      Even if it’s $0.01 the day he can sell, it’s all profit.

      • mipadaitu@lemmy.worldBanned from community
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        2 years ago

        Someone has to buy the stock that he sells. It doesn’t magically turn into money cause it has a listed value that day.

        Sure, there can be some money laundering and foreign “investments” but the SEC really doesn’t like stock manipulation.

        • givesomefucks@lemmy.world
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          2 years ago

          It’ll definitely cause the price to drop and will probably destroy the company’s selling so much at once.

          But it happens all the time.

          And trump supporters are 100% dumb enough to “buy the dip”.