Trump May Finally Move to Cash Out His $2 Billion Stake in Truth Social

Trump Media and Technology Group, the parent company of Truth Social, is ostensibly a tech company that operates a middling social media platform. In practice, it’s something closer to a way for opportunistic investors to suck up to the President. But it appears Trump may be ready to cash out. According to the Financial Times, a recent filing by the company to the Securities and Exchange Commission indicates that the trust Trump stashed his shares in is now permitted to sell his stake. According to the filing, the mix of shares will be sold off “from time to time in one or more offerings.” Trump holds nearly 115 million shares of TMTG, which accounts for about 53% of the total shares in the company. With the stock hovering between $18 and $19 a share—frankly, an absurd share price for a company that basically just runs a social media platform designed to receive posts from Trump—the President’s stake is worth more than $2 billion. Following the 2024 election, Trump shifted those share ... Read full article.