Loading...
Loading...
Browse all stories on DeepNewz
VisitTrump Transfers 114.75 Million Shares Worth $4B in Trump Media, Parent of Truth Social, to Revocable Trust
Dec 20, 2024, 11:40 AM
President-elect Donald Trump has transferred his entire stake of 114.75 million shares in Trump Media & Technology, the parent company of Truth Social, to a revocable trust. Regulatory filings indicate that Trump is the sole beneficiary of this trust. The shares, valued at over $4 billion based on a price of $35.41 per share, were moved earlier this week. Despite the transfer, Trump remains the indirect owner as he serves as the trust's director. The stock has faced a decline in value following this move.
View original story
Markets
Yes • 50%
No • 50%
Official announcements or press releases from the SEC
Yes • 50%
No • 50%
Based on stock market data and financial reporting platforms like Bloomberg or Yahoo Finance
No • 50%
Yes • 50%
Official press releases from Truth Social or the partnering tech company
Current COO • 25%
External hire • 25%
Other • 25%
Donald Trump returns • 25%
Official company announcements or reputable news outlets
Above $2 billion • 25%
$1 billion - $2 billion • 25%
$500 million - $1 billion • 25%
Below $500 million • 25%
Company's financial reports or filings
Above $50 • 25%
$40 - $50 • 25%
$30 - $40 • 25%
Below $30 • 25%
Stock market data from financial reporting platforms like Bloomberg or Yahoo Finance