Trump's volatile return to the stock market
The intrigue: Trump's latest dalliance with the stock market has already created monster profits for a small number of insiders.
Large purchases of both shares and warrants in the SPAC taking Trump's social-media company public were made on Wednesday, before the official announcement of the merger.
675,000 shares were bought at $9.96 each, as well as 525,000 warrants at $0.52.
The total purchase price, on Wednesday afternoon, was just under $7 million. By 10am on Friday morning, those securities were worth $106 million and $39 million respectively, for a total profit in less than 48 hours of $138 million.
Trump and his associates just soaking up some cash.
What else would you expect. American Corrupitalism at its best.
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