# Will Trump sell Truth Social in September? **URL:** \ **Category:** Politics & Elections\ **Tags:** trump\ **Created:** [August 28, 2024, 1:02am UTC](https://boards.straightdope.com/t/will-trump-sell-truth-social-in-september/1006341 "2024-08-28T01:02:10Z")\ **Posts on this page:** 20\ **Page:** 8
**Author:** ![Buck\_Godot](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/buck_godot/32/6573_2.png) [@Buck\_Godot](https://boards.straightdope.com/u/Buck_Godot)\ **Post date:** [September 23, 2024, 10:26pm UTC](https://boards.straightdope.com/t/will-trump-sell-truth-social-in-september/1006341/141 "2024-09-23T22:26:35Z")
> [@Greg\_Charles](#): > > They then show “Short Interest Change” of about 27% I have no real knowlege of these things, but I would guess that that means that the number of shorted shares increased by 27%, so yesterday it was a bit over 10 million shares shorted, today its 13 million. ---
**Author:** ![Greg\_Charles](https://avatars.discourse-cdn.com/v4/letter/g/839c29/32.png) [@Greg\_Charles](https://boards.straightdope.com/u/Greg_Charles)\ **Post date:** [September 23, 2024, 10:47pm UTC](https://boards.straightdope.com/t/will-trump-sell-truth-social-in-september/1006341/142 "2024-09-23T22:47:54Z")
> [@Buck\_Godot](#): > > I have no real knowlege of these things, but I would guess that that means that the number of shorted shares increased by 27%, so yesterday it was a bit over 10 million shares shorted, today its 13 million. That does jibe with definitions I see online. However, I think it’s been at 27% or something similar for awhile now, so I don’t think it could be a daily change. I guess we can look tomorrow and if the numbers are still around 13 million and 27%, we’ll know that’s not it. You’d think Barron’s would link to explanations of their data, but I guess they’re targeting business executives – (warning: snark alert,) people famously obsessed with numbers and graphs, and uninterested in the math behind them, even if it is only arithmetic. ---
**Author:** ![hajario](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/hajario/32/171_2.png) [@hajario](https://boards.straightdope.com/u/hajario)\ **Post date:** [September 23, 2024, 10:57pm UTC](https://boards.straightdope.com/t/will-trump-sell-truth-social-in-september/1006341/143 "2024-09-23T22:57:27Z")
Apologies is this has been mentioned already. When do we get to see which insiders have sold over the last few days? ---
**Author:** ![smithsb](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/smithsb/32/12107_2.png) [@smithsb](https://boards.straightdope.com/u/smithsb)\ **Post date:** [September 23, 2024, 10:57pm UTC](https://boards.straightdope.com/t/will-trump-sell-truth-social-in-september/1006341/144 "2024-09-23T22:57:33Z")
> [@Greg\_Charles](#): > > Short Interest Change Investopedia is the reference for Wall Street jargon. An increase in short interest is a bearish (pessimistic) action. [What Is Short Interest, and Why Does It Matter to Traders?](https://www.investopedia.com/terms/s/shortinterest.asp#:~:text=An%20increase%20in%20short%20interest,they%20have%20become%20more%20bullish). ---
**Author:** ![smithsb](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/smithsb/32/12107_2.png) [@smithsb](https://boards.straightdope.com/u/smithsb)\ **Post date:** [September 23, 2024, 11:07pm UTC](https://boards.straightdope.com/t/will-trump-sell-truth-social-in-september/1006341/145 "2024-09-23T23:07:58Z")
INSIDER RELATION DATE ACTION SHARES PRICE REMAINING |NUNES DEVIN G.|Officer|8/22/2024|Sell|Direct|27,846|$22.70|87,154| |NORTHWALL ANDREW|Officer|8/22/2024|Sell|Direct|3,467|$22.70|16,533| |GLABE SCOTT|Officer|8/22/2024|Sell|Direct|4,083|$22.70|15,917| |JUHAN PHILLIP|Officer|8/22/2024|Sell|Direct|84,941|$22.70|405,059| |NOVACHKI VLADIMIR|Officer|8/22/2024|Sell|Direct|7,801|$22.70|37,199| > **[Trump Media & Technology Group Corp. Common Stock (DJT) Insider Activity...](https://www.nasdaq.com/market-activity/stocks/djt/insider-activity)** > > Find the latest information on Trump Media & Technology Group Corp. Common Stock (DJT) insider activity and insider shares traded to make sound investments with Nasdaq.com. Sold yesterday at $22.70/share, nice considering many if not most shares were grifted gifted. ---
**Author:** ![Greg\_Charles](https://avatars.discourse-cdn.com/v4/letter/g/839c29/32.png) [@Greg\_Charles](https://boards.straightdope.com/u/Greg_Charles)\ **Post date:** [September 23, 2024, 11:12pm UTC](https://boards.straightdope.com/t/will-trump-sell-truth-social-in-september/1006341/146 "2024-09-23T23:12:53Z")
> [@smithsb](#): > > Investopedia is the reference for Wall Street jargon. Yep, that was my main reference in figuring out what the other numbers meant and what their impact might be, but it doesn’t explain what Barron’s means by Short Interest Change here. Barron’s shows Short Interest at 13.01 million shares, but also shows a date of 8/30/24. Maybe the current figure is 27% higher than that? Or maybe “Short Interest” data is only available periodically and 13.01 million is 27% higher than the previous period’s number? If it changes on 9/30, then we’d have proof of that theory. ---
**Author:** ![Buck\_Godot](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/buck_godot/32/6573_2.png) [@Buck\_Godot](https://boards.straightdope.com/u/Buck_Godot)\ **Post date:** [September 23, 2024, 11:17pm UTC](https://boards.straightdope.com/t/will-trump-sell-truth-social-in-september/1006341/147 "2024-09-23T23:17:45Z")
> [@smithsb](#): > > Sold yesterday at $22.70/share, nice considering many if not most shares were grifted gifted. That doesn’t look like it was yesterday, the date was 8/22/24 so a month ago when the price was at the $22.70. I read somewhere that sales by insiders have to be declared within 2 days of the sale so (unless they are going to illegally hide it) it we will probably be another day or two before we see who sold what after the hold was eliminated. ---
**Author:** ![smithsb](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/smithsb/32/12107_2.png) [@smithsb](https://boards.straightdope.com/u/smithsb)\ **Post date:** [September 23, 2024, 11:20pm UTC](https://boards.straightdope.com/t/will-trump-sell-truth-social-in-september/1006341/148 "2024-09-23T23:20:19Z")
Sorry about the date. Still gifted shares mostly. ---
**Author:** ![SunUp](https://avatars.discourse-cdn.com/v4/letter/s/ea5d25/32.png) [@SunUp](https://boards.straightdope.com/u/SunUp)\ **Post date:** [September 23, 2024, 11:23pm UTC](https://boards.straightdope.com/t/will-trump-sell-truth-social-in-september/1006341/149 "2024-09-23T23:23:32Z")
nm, answered well by @Buck_Godot above. ---
**Author:** ![Greg\_Charles](https://avatars.discourse-cdn.com/v4/letter/g/839c29/32.png) [@Greg\_Charles](https://boards.straightdope.com/u/Greg_Charles)\ **Post date:** [September 23, 2024, 11:30pm UTC](https://boards.straightdope.com/t/will-trump-sell-truth-social-in-september/1006341/150 "2024-09-23T23:30:08Z")
> [@Buck\_Godot](#): > > That doesn’t look like it was yesterday, the date was 8/22/24 so a month ago when the price was at the $22.70. Yes, those are the sales that were talked about up-thread a bit. I still don’t understand how Nunes, et al., were able to sell those shares before the holding period ran out. For that matter, if they could sell stock, why didn’t they sell earlier and all of it? Looking at the numbers though, I find it funny that Nunes only got around 100K shares. I mean, it’s not a tiny amount, especially given that he was able to sell some of it off at a relatively high price. Trump got 134 million shares though, and Nunes was doing most of the work propping up the company in order for the scam to pay off at all. ---
**Author:** ![Atamasama](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/atamasama/32/12961_2.png) [@Atamasama](https://boards.straightdope.com/u/Atamasama)\ **Post date:** [September 23, 2024, 11:34pm UTC](https://boards.straightdope.com/t/will-trump-sell-truth-social-in-september/1006341/151 "2024-09-23T23:34:26Z")
> [@Greg\_Charles](#): > > Trump got 134 million shares though, and Nunes was doing most of the work propping up the company in order for the scam to pay off at all. Because getting other people to do stuff for him to their own detriment is how Trump gets through life. On the other hand, if Trump’s name wasn’t a part of this, it wouldn’t have gone **anywhere**. You could argue that the Trump “brand” really was essential here, and based on that alone you could justify the shares that Trump got. It’s sort of like the NIL (name/image/likeness) deals that happen in college sports these days. ---
**Author:** ![Buck\_Godot](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/buck_godot/32/6573_2.png) [@Buck\_Godot](https://boards.straightdope.com/u/Buck_Godot)\ **Post date:** [September 23, 2024, 11:42pm UTC](https://boards.straightdope.com/t/will-trump-sell-truth-social-in-september/1006341/152 "2024-09-23T23:42:11Z")
According to [this](https://www.investing.com/news/company-news/trump-media-ceo-nunes-sells-over-630k-in-company-stock-93CH-3585825), the shares were sold to cover taxes on them so maybe there is some sort of dispensation in that case. As actual officers of the company may have been vested in DJT before Trump was. ---
**Author:** ![hajario](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/hajario/32/171_2.png) [@hajario](https://boards.straightdope.com/u/hajario)\ **Post date:** [September 23, 2024, 11:47pm UTC](https://boards.straightdope.com/t/will-trump-sell-truth-social-in-september/1006341/153 "2024-09-23T23:47:25Z")
That makes sense. For whatever reason they realized the gain at some point and would have owed on April 15th. ---
**Author:** ![wolfpup](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/wolfpup/32/10618_2.png) [@wolfpup](https://boards.straightdope.com/u/wolfpup)\ **Post date:** [September 23, 2024, 11:58pm UTC](https://boards.straightdope.com/t/will-trump-sell-truth-social-in-september/1006341/154 "2024-09-23T23:58:45Z")
> [@Greg\_Charles](#): > > The majority of today’s drop was within minutes of the opening bell. FTR, looking at the trading data, more than 1.6 million shares changed hands today in the first 10 minutes after the opening bell. It’s reflected in the stock chart showing an almost straight-line drop from around $13.72 to $12.80.in literally ten minutes. It never recovered, and closed today at $12.15. As I briefly mentioned in the other thread in IMHO, looking through their financial statements I get vibes of shady dealings and that the whole thing is basically a scam. Digging down more closely into the required disclosures, the organization is embroiled in lawsuits and the departure of key employees. They have hardly any revenues and no real business. The whole thing seems to be what in the common vernacular is referred to as a “shitshow”. ---
**Author:** ![Mollie\_Magill](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/mollie_magill/32/20882_2.png) [@Mollie\_Magill](https://boards.straightdope.com/u/Mollie_Magill)\ **Post date:** [September 24, 2024, 1:35pm UTC](https://boards.straightdope.com/t/will-trump-sell-truth-social-in-september/1006341/155 "2024-09-24T13:35:47Z")
It’s open and already down thirty cents. I had to change that number four times now. ---
**Author:** ![Left\_Hand\_of\_Dorkness](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/left_hand_of_dorkness/32/7156_2.png) [@Left\_Hand\_of\_Dorkness](https://boards.straightdope.com/u/Left_Hand_of_Dorkness)\ **Post date:** [September 24, 2024, 1:44pm UTC](https://boards.straightdope.com/t/will-trump-sell-truth-social-in-september/1006341/156 "2024-09-24T13:44:25Z")
Just dropped below $12/share, at $11.88. ---
**Author:** ![hajario](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/hajario/32/171_2.png) [@hajario](https://boards.straightdope.com/u/hajario)\ **Post date:** [September 24, 2024, 1:45pm UTC](https://boards.straightdope.com/t/will-trump-sell-truth-social-in-september/1006341/157 "2024-09-24T13:45:57Z")
I’m calling Norman Invasion day’s end. ---
**Author:** ![TroutMan](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/troutman/32/6721_2.png) [@TroutMan](https://boards.straightdope.com/u/TroutMan)\ **Post date:** [September 24, 2024, 2:27pm UTC](https://boards.straightdope.com/t/will-trump-sell-truth-social-in-september/1006341/158 "2024-09-24T14:27:24Z")
This thread was started specifically about when Trump would sell, but now it just seems to be repeating the price discussion in the other Truth Social thread. Maybe we should consolidate? ---
**Author:** ![Mollie\_Magill](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/mollie_magill/32/20882_2.png) [@Mollie\_Magill](https://boards.straightdope.com/u/Mollie_Magill)\ **Post date:** [September 25, 2024, 1:19pm UTC](https://boards.straightdope.com/t/will-trump-sell-truth-social-in-september/1006341/159 "2024-09-25T13:19:23Z")
Would you mind posting a link to the other Truth Social thread? My search-fu is weak today. ---
**Author:** ![beowulff](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/beowulff/32/542_2.png) [@beowulff](https://boards.straightdope.com/u/beowulff)\ **Post date:** [September 25, 2024, 1:26pm UTC](https://boards.straightdope.com/t/will-trump-sell-truth-social-in-september/1006341/160 "2024-09-25T13:26:31Z")
> [@How Can Truth Social be worth $6 Billion? {Trump Media & Technology (DJT)}](https://boards.straightdope.com/t/how-can-truth-social-be-worth-6-billion-trump-media-technology-djt/999202/27): > > I posted this elsewhere, but it’s my understanding that really rich people don’t sell their stock to generate income. Rather, they use the valuation of those stocks to get loans, which they then repay at a pittance of interest when compared to any income tax that would be due when liquidating the stock. So donald doesn’t have to sell his stock to take advantage of its value. And of course he is using magical thinking to value the company. But will any lender accept the valuation? Unless … [Previous page](https://boards.straightdope.com/t/will-trump-sell-truth-social-in-september/1006341.md?page=7) [Next page](https://boards.straightdope.com/t/will-trump-sell-truth-social-in-september/1006341.md?page=9)