Trump maintains a roughly 60% stake in Trump Media & Technology Group, which trades on the Nasdaq under the ticker symbol 'DJT.'
“I have absolutely no intention of selling,” the former president told reporters at a press conference last week. “I love it. I use it as a method of getting out my word.”
Stakeholders, including the former president, are subject to a six-month lockup period before selling or transferring shares. That lockup period will expire on Thursday, although Trump was still able to pocket some cash in late April when the stockis to protect a newly public company's interests and allow it to preserve stability before its founders can cash out.
But as Truth Social attempts to take on the social media incumbents, the fundamentals of the company have long been in question.second quarter results that revealed a net loss of $16.4 million, about half of which was tied to expenses related to the company's SPAC deal. The company also reported revenue of just under $837,000 for the quarter ending June 30, a 30% year over year drop.
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Transferring Shares DJT Trump Media Stock Special Purpose Acquisition Company
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