this post was submitted on 19 Apr 2024
132 points (92.3% liked)

News

22625 readers
4487 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 68 points 4 months ago (2 children)

If a $30 million business get valued at over a billion dollars, I'd short sell it too. Trump probably did too.

[–] [email protected] 11 points 4 months ago (2 children)

Trump is supposedly banned from selling it for six months. Do I think he has a way around that, yes.

[–] [email protected] 3 points 4 months ago (2 children)

He'll just have someone do it for him.

[–] [email protected] 1 points 4 months ago

Literally can't happen.

[–] [email protected] -2 points 4 months ago

Well the obvious one is the only thing holding to that six month block is the board of the company.

I don't know if he can do antics like lending them to a shell company of his and have them do things with them.

[–] [email protected] 1 points 4 months ago (2 children)

SEC rules for insiders are pretty strict. And he already made billions on the IPO. Even with the stock price crashing he's still making a bundle, so I doubt there's any reason for him to take a risk on illegal trading.

[–] [email protected] 4 points 4 months ago (1 children)

Did he make billions? I know the media reported that his net worth had jumped billions from the increased valuation of the stock.

The more honest media also reported that he was unable to take advantage of that valuation because he couldnt sell any of the stock.

[–] [email protected] 2 points 4 months ago (1 children)

It is true that he doesn't realize that gain until he sells. Which has to be disclosed ahead of time. Which could negatively impact the price.

[–] [email protected] 2 points 4 months ago (1 children)

From what I understand; he can try to get a loan against the stock, but it is apparently unlikely any bank would make those loans given hes not allowed to sell the stock for another five months now.

[–] [email protected] 3 points 4 months ago (1 children)

It's not a law that says he can't trade his shares for six months. It was part of the deal going "public" (they loopholed out of having an IPO). That deal also can be changed by the board of directors. That board is just sycophants like Devin Nunes and one of his sons he doesn't hate.

[–] [email protected] 1 points 4 months ago

Yeah I said that earlier in this comment chain.

[–] [email protected] 2 points 4 months ago

Reason? How about stupidity as a reason?