The move comes after Trump said in November that he had no intention of selling his shares in the company that owns Truth Social.
Mentally fatigued Biden skipped call from concerned pol before disastrous Afghanistan pullout: report
Trump Media & Technology’s shares fell as much as 6% before paring losses on Friday after President-elect Donald Trump moved the stake he owns in the social media company to a revocable trust.Trump transferred 114.75 million shares, or 53% of Trump Media & Technology Group’s outstanding stock, to the revocable trust of which he is the sole beneficiary, according to securities filings.
Trump said in November that he had no intention of selling his shares in the company, which owns the Truth Social media platform.Donald Trump transferred 114.75 million shares, or 53% of Trump Media & Technology Group’s outstanding stock to the revocable trust.His stake in the company was valued at more than $4 billion based on the stock’s last closing price of $35.41.
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