The social media platform is poised to go public via SPAC at a $6 billion valuation as former President Donald Trump’s supporters pump money into its stock.
He can’t sell for six months after it goes public, nor can he use his shares as collateral for a loan in those six months. If he loses the election, stock will tank, so IPO needs to be delayed until mid-May to potentially royally screw him over.
He can’t sell for six months after it goes public, nor can he use his shares as collateral for a loan in those six months. If he loses the election, stock will tank, so IPO needs to be delayed until mid-May to potentially royally screw him over.