mnutty OP , 2 months ago Excellent piece from #NYTimes on the financing of #TrumpMedia aka #DJT Unsurprisingly #Trump put very little of his own money in the venture. He relied on other #garchs who wanted to curry favor with him to get the company afloat. Now #DonaldTrump will rely on his base to prop up the stock until he can cash out #USPolitics #Politics #Election2024 https://www.nytimes.com/2024/04/05/business/trump-media-backers-investors.html
Unsurprisingly #Trump put very little of his own money in the venture. He relied on other #garchs who wanted to curry favor with him to get the company afloat.
Now #DonaldTrump will rely on his base to prop up the stock until he can cash out
#USPolitics #Politics #Election2024
https://www.nytimes.com/2024/04/05/business/trump-media-backers-investors.html