this post was submitted on 03 Aug 2024
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Trump Launches Truth+ Streaming Service for Your Least Favorite Uncle (gizmodo.com)
submitted 5 months ago by jeffw to c/business
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[–] crozilla 6 points 5 months ago

Space Lawyer in the comments nailed it:

“The stock has been tanking and will face a difficult earnings release on August 19. My guess is that this is intended to try to buttress investors fleeing. The 180-day restriction on Trump selling expires in September. So they have to keep the stock price up for just a couple more weeks to cash out and hope to not get swept up in the SEC investigation.”

Just more fleecing by DJT.