Trump Media Executives Sell $16 Million in Stock

Executives at Trump Media, which operates Truth Social, sold over $16 million in company stock following the presidential election on November 5, with CFO Phillip Juhan making the largest sales. Juhan sold 320,000 shares for $9.8 million and an additional 64,000 shares for $2.11 million, while directors Eric Swider and Scott Glabe sold smaller amounts. Trump's company has a market capitalization of $6.3 billion, despite reporting just over $1 million in revenue for the third quarter and losses of $19.2 million. Truth Social had only about 200,000 daily active users, significantly lower than competitors. Juhan's stock sales were part of a previously established plan to sell 400,000 shares by December 2025. Donald Trump, the majority owner, has publicly denied intentions to sell his shares in the company.