It will go to the Supreme Court and be dropped to 0. It’d bs
Comment on Trump’s stake in Truth Social falls by $1bn after company reveals $58m loss
Kerb@discuss.tchncs.de 1 year agodont celebrate to early,
he has a stake of about 78 million shares,
which is still about 3.7 billion usd at the current price (48.66)
i dont remember exactly how much he was ordered to pay, i was under the impression it was about 500 mil. (correct me if im wrong there.)
if he doesnt manage to weasel his way out of paying that, this would unfortunately still be enough to cover his ass.
unless the stock drops under 6.4 usd,
which hasnt happend so far,
(lowest i found was 12.4 so far.)
anon987@lemmy.world 1 year ago
SturgiesYrFase@lemmy.ml 1 year ago
The bond was lowered to 175mil. He’ll still apparently have to pay the full 475mil if his appeal flops, but idk, they let him take way longer to put in his bond, and also dropped the bond amount by like 300mil.