Trump Media Shares Drop After Trump Transfers Stake to Trust

Reported 1 day ago

Shares of Trump Media & Technology fell approximately 6% following President-elect Donald Trump's transfer of his 53% ownership stake in the company to a revocable trust, despite his previous statements indicating he would not sell. This transfer, involving 114.75 million shares valued at over $4 billion, raises questions about the company's future as it is linked to the Truth Social platform.

Source: YAHOO

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