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Trump Selling His Truth Social Stock? - Raw News And Politics
The value of Donald Trump's DJT stock slipped again today after news outlets reported that he may be on the verge of selling his shares. - 04/02/2025.
2 replies
= new reply since forum marked as read
= new reply since forum marked as read
trump media is a meme stock that is overpriced. The company has no earnings and no meaningful revenue. People are buying or holding this stock to seek favor with trump. trump is now bailing on this company and you will see the stock price crash
Link to tweet
https://abcnews.go.com/Politics/trump-media-filing-opens-door-president-sell-2b/story?id=120409342&cid=social_twitter_abcn
Donald Trump's social media company on Monday filed paperwork with the Securities and Exchange commission that could allow the president's trust to sell more than $2 billion of shares.
Trump Media and Technology Group filed a registration with the SEC that would open the door for the president's trust to sell up to nearly 115 million shares, which are worth more than $2.3 billion.
The filing does not guarantee the sale of the shares nor provide any information about a future sale. Since Trump took office, he transferred his stake of the company into the Donald J. Trump Revocable Trust, which is controlled by his son, Donald Trump Jr.
A sell-off from Trump, the company's largest individual shareholder, could panic investors and damage the company's stock price.
Trump Media and Technology Group filed a registration with the SEC that would open the door for the president's trust to sell up to nearly 115 million shares, which are worth more than $2.3 billion.
The filing does not guarantee the sale of the shares nor provide any information about a future sale. Since Trump took office, he transferred his stake of the company into the Donald J. Trump Revocable Trust, which is controlled by his son, Donald Trump Jr.
A sell-off from Trump, the company's largest individual shareholder, could panic investors and damage the company's stock price.