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News in English (USA) / 16.11.2024 / 11:00

Major Shareholders and Executives of Trump Media Cash Out Millions

Recent filings reveal that numerous major shareholders and executives of Trump Media have significantly offloaded their stakes in the company, with transactions amounting to over $16 million in DJT stock. Notable sales include those from the CFO, who plans to sell $13.4 million in shares by the end of 2025, and other insiders who have collectively sold millions shortly after the election. This trend has raised concerns among investors, leading to allegations against the former CEO regarding stock theft claims. The stock price of Trump Media has also experienced a decline of 5.1% in light of these insider sales.
Fortune, Forbes, CNBC, Benzinga, Reuters, The New Republic, CFO Dive, Bloomberg Law, TipRanks, MSN