Wilshire@lemmy.world to News@lemmy.world · 7 months agoJudge upholds $83m E Jean Carroll defamation verdict against Trumpwww.theguardian.comexternal-linkmessage-square59fedilinkarrow-up1634arrow-down15
arrow-up1629arrow-down1external-linkJudge upholds $83m E Jean Carroll defamation verdict against Trumpwww.theguardian.comWilshire@lemmy.world to News@lemmy.world · 7 months agomessage-square59fedilink
minus-squareCorkyskog@sh.itjust.workslinkfedilinkarrow-up4arrow-down1·7 months agoDidn’t he just get a 1B stock payout from Truth Social?
minus-squareoriginalucifer@moist.catsweat.comlinkfedilinkarrow-up16·7 months agoi think its stock only, there are a ton of restrictions like he cant sell immediately… so maybe no immediate cash out and hopefully in the meantime the price tanks to pennies so it becomes worthless
minus-squarefreziklinkfedilinkarrow-up6·7 months agoAnd then only if he can find enough suckers to buy it off him. Just him dumping it would tank the stock price.
minus-squarestoly@lemmy.worldlinkfedilinkarrow-up11·7 months agoNo. He doesn’t actually have that value because he can’t touch it for an extended period of time. It’ll bottom out before he can sell.
minus-squareWindex007@lemmy.worldlinkfedilinkarrow-up5·7 months agoAnd even when that happens, he won’t be able to liquidate that much stock at market price.
Didn’t he just get a 1B stock payout from Truth Social?
i think its stock only, there are a ton of restrictions like he cant sell immediately… so maybe no immediate cash out and hopefully in the meantime the price tanks to pennies so it becomes worthless
And then only if he can find enough suckers to buy it off him. Just him dumping it would tank the stock price.
No. He doesn’t actually have that value because he can’t touch it for an extended period of time. It’ll bottom out before he can sell.
And even when that happens, he won’t be able to liquidate that much stock at market price.