The president-elect's stake in the company is valued at more than $4 billion, and Trump has made his commitment to the company and its shares clear.
What's NewPresident-elect Donald Trump transferred $4 billion in stake that he owns in Trump Media & Technology , Truth Social's parent company, to a revocable trust, causing the stock to drop Friday morning.Newsweek has reached out to Trump for comment via email.Why It MattersThe incoming president's stake in the company is valued at more than $4 billion, with Trump previously making his commitment to the company and its shares clear.
It's been an epic back-and-forth in buying and selling, largely centered around Trump's election chances. Not selling his shares and instead putting them in a revocable trust ensures a mass sell-off caused by him unloading his shares won't occur but also limits his ability to do anything with them while in the White House. It's the best scenario for investors and the only scenario for the incoming President.
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