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Truth Social files to let Trump's trust sell stocks, reports Axios

Introduction

Trump Media & Technology Group has submitted documents to the U.S. Securities and Exchange Commission that would enable President Donald Trump's trust to sell stock potentially valued at $2.3 billion, according to Axios.

Context

Shares of Trump Media, which operates the Truth Social media platform, fell approximately 7% in premarket trading on Wednesday.

Developments

  • Trump Media submits documents to the U.S. Securities and Exchange Commission.
  • Potential stock sale value of $2.3 billion.
  • Shares fell 7% in premarket trading.

Conclusion

The recent developments with Trump Media & Technology Group and its stock have significant implications for investors and the future of the Truth Social media platform.