Trump Media's CEO is calling for an investigation of four firms, including SIG, involving their role in investor bets against the new company.
SIG, founded by Yass and his then-partners in 1987, also makes markets in share options and futures, or “derivative” contracts that investors use to bet on stock price movements over longer periods. SIG makes its own investment trades. It has amassed a worldwide portfolio of private investments in companies including ByteDance, TikTok’s China-based owner.
So far the believers are winning: At today’s price Trump Media shares are worth a total of $6.7 billion, of which Trump owns more than $4 billion, though he can’t yet turn his shares in for that cash, due to post-IPO restrictions that could expire before the November election.
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Republican Megadonor Jeff Yass and Inner Circle Influence Federal Policy with Tens of Millions in DonationsRepublican megadonor Jeff Yass and his inner circle have given tens of millions of dollars in recent years to shape federal policy, education, and legal matters. The Yass-run foundations, funded by the billionaire, his wife, and others linked to Susquehanna International Group, advocate for policies that benefit Yass, his business, and those close to him.
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Republican Megadonor Jeff Yass and Inner Circle Influence Federal Policy with Tens of Millions in DonationsRepublican megadonor Jeff Yass and his inner circle have given tens of millions of dollars in recent years to shape federal policy, education, and legal matters. The Yass-run foundations, funded by the billionaire, his wife, and others linked to Susquehanna International Group, advocate for policies that benefit Yass, his business, and those close to him.
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