Shares of Truth Media & Technology Group, the parent company of President Donald Trump’s Truth Social platform, fell over 6.5% after filing to re-register shares. This move allows Trump’s trust to potentially sell $2.3 billion worth of the company’s stock. Existing shareholders, including U.S. Attorney General Pam Bondi and Chairman Devin Nunes, also plan to sell a total of 134 million shares. The company stated that the filing with the U.S. Securities and Exchange Commission was routine and no immediate sales are expected. Trump Media remains a volatile stock, especially around significant events like the U.S. election.
— new from Reuters
