Donald Trump’s social media company presented documents before the stock exchange and values that could allow the president’s confidence to sell more than $ 2 billion of shares.
Trump Media and Technology Group presented A record with the SEC That would open the door for the president’s confidence to sell up to almost 115 million shares, which are worth more than $ 2.3 billion.
The presentation does not guarantee the sale of the shares or provides any information about a future sale. Since Trump assumed the position, he transferred his participation of the company to Donald J. Trump Revocable Trust, who is controlled by his son, Donald Trump Jr.
President Donald Trump’s social networks platform, Truth Social is shown in a cell phone on March 25, 2024 in Chicago, Illinois.
Scott Olson/Getty Images
A massive sale from Trump, the company’s largest individual shareholder, could panic investors and damage the price of the company’s shares.
Trump Media could not be contacted immediately to comment.
