Trump Faces $2 Billion Decision About His Social Media Company

Photo: Donald Trump (Instagram)

Former President Donald Trump may soon be free to sell shares of his social media company, Trump Media & Technology Group, which owns Truth Social. The restrictions stopping him from selling could end as early as Thursday. This gives Trump and other top insiders the chance to sell if they want to.

Trump’s company, which went public in March, has seen its stock price fall a lot. Even though Trump’s stake was worth $6.2 billion four months ago, it’s now worth about $1.8 billion. However, Trump has said he’s not planning to sell. He told reporters, “No, I’m not selling. No, I love it.”

If Trump did sell his shares, he would have to be careful. He owns 57% of the company, and selling too much at once would hurt the stock price. Experts say it wouldn’t be smart for him to sell a large portion all at once.

Photo: Donald Trump (Instagram)

Trump Media is closely tied to the former president. Not only is he the main owner, but the company’s stock ticker is his initials, and he’s the most popular user on Truth Social.

If Trump changes his mind and sells shares, he would need to tell the public within two days. The Securities and Exchange Commission (SEC) requires shareholders who own more than 10% of a company to report their stock sales.

Even though Trump says he’s not selling, once the restrictions end, other insiders could choose to sell their shares. Two of the company’s co-founders, Andy Litinsky and Wes Moss, have been fighting with the company in court and may decide to sell.

Another option for Trump is to use his shares as collateral for a loan, but that could come with its own challenges. He would need to find someone willing to lend to him, and he might still have to report this to regulators.

Read Next: Iranian Hackers Sent Trump Campaign Info To Biden-Linked People

Source: CNN Business 

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