on Monday boldly aligned their fortunes with Donald Trump’s Truth Social, ratifying a pact poised to endow the erstwhile and potentially returning commander-in-chief with a bounty verging on $3 billion.
Steve Huffman, co-founder and chief executive officer of Reddit Inc., center, during the company’s initial public offering on the floor of the New York Stock Exchange in New York, on March 21, 2024. . When Jay Ritter, a professor of finance at the University of Florida, looked at unprofitable tech startups in 2013, hethat about 83 percent of U.S.-listed initial public offerings in the first three quarters of the year had lost money in the 12 months leading up to their IPO.
Would a bank or an insurance company loan Trump the money he needs with the shares as collateral? That’s a trickier question. Trump’s lawyers have said thatand refused to accept pledges of his equity in properties he owns. If they took the same position with respect to the shares, Trump might be out of luck.
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