Connect with us

Politics

The campaign contribution workaround that could boost Trump in the final days of the election

Published

on

The campaign contribution workaround that could boost Trump in the final days of the election
Sideby side of Donald Trump and Stephanie Ruhle
Donald Trump and Stephanie Ruhle.Getty; BLN

By Stephanie Ruhle

This is an adapted excerpt from the Sept. 3 episode of “The 11th Hour with Stephanie Ruhle.”

Shares of Donald Trump’s media company hit a new low on Wednesday, ending the day at $16.98 per share. That’s a decline of 6% for the day. From its high of $79.38 per share in late March, DJT is now down more than 78%.

This drop comes just weeks before Trump can cash in on his nearly 59% stake in the company — the company that essentially does nothing but provide a blank slate for him to post on social media. The “lockup agreement” to hold off on selling is set to expire on Sept. 25, just as the presidential race enters its final stages.

Despite that 78% drop, Trump’s stake in DJT is currently worth more than $2 billion. If Trump sells, that’s money he could use, in theory, to fund his campaign or pay his growing legal fees. It’s easy to see why some may consider buying into DJT’s stock to be the most extraordinary workaround of a campaign contribution to Trumpever.

Join Stephanie Ruhle, Rachel Maddow and many others on Saturday, Sept. 7, in Brooklyn, New York, for “BLN Live: Democracy 2024,” a first-of-its-kind live event. You’ll get to see your favorite hosts in person and hear thought-provoking conversations about what matters most in the final weeks of an unprecedented election cycle.Buy tickets here.

Stephanie Ruhle

Stephanie Ruhle is host of “The 11th Hour” at 11 p.m. ET on BLN and senior business analyst for NBC News.

Allison Detzel

contributed

.

Read More

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Politics

House eyes Friday vote on stopgap as partisan tensions flare

Published

on

House eyes Friday vote on stopgap as partisan tensions flare

GOP leaders believe they will need to heed the chamber’s 72-hour-review rule…
Read More

Continue Reading

Politics

Kash Patel says court orders bar him from releasing the Epstein files. Judges have said otherwise.

Published

on

FBI Director Kash Patel claimed Wednesday that he is barred by recent court orders from releasing thousands of documents connected to disgraced sex trafficker Jeffrey Epstein. “I’m not going to break the law to satisfy your curiosity,” Patel said during the second day of Congressional oversight hearings after Rep…
Read More

Continue Reading

Politics

Jim Jordan goes after Adam Schiff at FBI oversight hearing

Published

on

House Judiciary Chair Jim Jordan on Wednesday opened FBI Director Kash Patel’s second Congressional oversight hearing in two days by going after a former colleague, Sen. Adam Schiff. “Why would the head of the Intelligence Committee, the chair of that committee, who’s supposed to be guarding our secrets — why would he be encouraging the leaking of classified information?” Jordan…
Read More

Continue Reading

Trending