Trump Media's CEO is calling for an investigation of four firms, including SIG, involving their role in investor bets against the new company.
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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