Truth flies to debut on Wall Street, Trump is Scrooge. Trump controls almost 60% of Trump Media & Technology Group, a stake worth 5.5 billion.
The former president cannot sell his 78 million shares for six months, meaning he could sell them before the November elections to shield himself from criticism. Trump could use the securities as collateral to obtain loans in the event that the board of directors, where everyone loyal to him sits including his son, authorized him to proceed. But as a public company, Trump Media and Technology will be subject to more stringent oversight by US authorities but will also be exposed to potential shareholder lawsuits.