Before a major escalation in his tariff war, President Trump announced the sale of his Truth Social shares, valued at approximately $2.3 billion. The SEC filing disclosed plans for selling over 142 million shares of Trump Media and Technology Group, including Trump's personal stake. This revelation contributed to an immediate eight percent drop in share prices, reflecting investor concerns. While the company claims the filing was routine, the timing appears politically motivated amid significant market turbulence tied to Trump's economic policies.
Most notably, the shares listed in the document include Trump's 114-million-share stake, which is worth roughly $2.3 billion and held in a trust controlled by his son Donald Trump Jr.
The timing of the SEC filing is certainly suspect. Trump's 'liberation day' tariff announcement on Wednesday triggered a major selloff, causing shares of multinational companies and stock futures to crater.
Collection
[
|
...
]