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this post was submitted on 16 Apr 2024
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politics
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Once it's crashed, what's to keep someone from buying a controlling stake in the company and pivoting to something Trump would despise? Some philanthropic organization for poor non-white people. Or just the eff/aclu but for rape
Trump is enough of a control freak I'm sure he retained 51% so he stays in control no matter who buys the rest of the shares, so a hostile takeover is unlikely. But man would it be hilarious to use it to the benefit of something he hates, like helping migrants get citizenship.
Trump owns 58%
But is he even smart enough to ensure that he maintains 51%. If his past performance of..we'll, literally anything he's done, is any indication, he's probably left himself open to losing majority stake.
The problem becomes buying shares means giving Trump money he didn't earn.
Not if bought on the open market already.
The company only receives money on IPO. after that, shares the trade private hands only profit the owner of the share.
still, wouldn't want to give any of these people money for their shares. let them ride them to 0 and trump media shuts down.