Donald Trump’s failure to respond to the arrival of Kamala Harris as his opponent is destroying billions of dollars in paper profits he has locked up in his near-60% owned Trump Media company. The question is, how soon will he sell out, leaving other investors holding increasingly worthless stock?
The lock on his controlling stake in Trump Media ends on September 19. He can’t sell until then. In recent weeks, he’s had to sit and watch as the value of the shares has fallen — and fallen, and fallen.
They fell to $US16.98 on Wednesday (down more than 6% in one day) to yet another a record low for this year.
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