Truth Social Parent’s Stock Drops 6% After Donald Trump Moves His $4 Billion Stake To A Trust
Shares of Trump Media decreased to just over $33 as trading opened Friday, lowering the value of Trump’s stake from $4 billion on Thursday to just over $3.8 billion. Trump transferred his 114.75 million shares of Trump Media to the Donald J. Trump Revocable Trust on Tuesday, according to a Securities and Exchange Commission filing Tuesday.