Trump Trust Files for $2.3 Billion Stock Sale

Donald Trump's media company, Trump Media and Technology Group (TMTG), saw its shares drop significantly after filing with the SEC to potentially sell Trump's entire $2.3 billion stake in the company. This filing, which includes over 142 million shares, comes amid concerns over Trump's impending 'Liberation Day' tariffs, which could impact the US economy. Although TMTG described the filing as routine and denied immediate plans to sell, the news has increased market volatility, with the stock already down significantly this year. The filing allows for the possibility of Trump's shares being sold at any time, raising investor concerns about potential dilution of stock value. Trump's shares are held in a trust managed by his son, Donald Trump Jr., and the move follows a history of volatile stock performance linked to Trump's political and business moves. The filing coincides with Newsmax's dramatic stock surge, drawing comparisons among investors.