Trump Transfers $4 Billion Stake in Media Company to Trust Amid Stock Market Reactions
In a surprising move, President-elect Donald Trump has transferred nearly $4 billion of his shares in Trump Media, the parent company of Truth Social, into a revocable trust controlled by his son, Don Jr. This strategic decision comes as Trump prepares for his upcoming inauguration and has resulted in significant fluctuations in the stock market, with shares of Trump Media (DJT) experiencing a notable drop of over 5% following the announcement. Investors are speculating on the potential impacts of this transfer on the company’s future, amidst ongoing regulatory and political uncertainties.
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