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.