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Donald Trump’s social media shares have fallen after the president opened the door to selling his entire $ 2.3 billion stake, just as global investors are preparing for his tariffs for “Liberation Day”.
Stock in Trump’s Media and Technology GroupWorking on the truth of social, he fell 8 percent on Wednesday, after the company in submitting regulators said it plans to sell more than 142 million shares.
Submission to the Securities and Exchange Commission on Tuesday showed that Trump’s 114 million shares are involved in sales, which will take place “from time to time in one or more offers”. The share is worth about $ 2.3 billion and is held in confidence controlled by his son Donald Trump Runior.
Existing shareholders, including President, US Ombudsman, Pam Bondi, TMTG President Devin Nuns and the company registered by Cayman Islands, called Gjorquil, will try to sell a total of 134 million shares. TMTG also plans to issue new shares of 8.4 million.
TMTG shares, traded under DJT DJT, have fallen more than 40 % this year, amid sales on the US stock market, prompted by the president’s aggressive trade agenda and concerns that the taxes of some of the key trading partners in America will weigh the world’s largest economy.
Later on Wednesday, he called “Liberation Day”, Trump will announce his new “reciprocal” tariffs for foreign countries at the White House Garden ceremony.
In September, DJT increased after Trump He said he did not plan to sell none of his shares in the company. The stock trade was temporarily stopped by Nasdak later that day.
Trump later accused Nasdak of “taking orders from the” SEC. Writing about the truth of social, the president said at the time: “What a right should he do (Nasdak)? They did it twice today. What happens?”
Earlier this week TMTG became the first group of List of the Texas Platform on the Yorkuor Stock ExchangeAlthough its primary list will remain on the Nasdaq.
The action became a A popular way for individual investors To show their support for the president, despite TMTG reporting a net loss of $ 19.2 million in the third quarter. In October, the company said it had approximately 650,000 shareholders “with a unique profile with an overwhelming majority that makes up investors in retail.”
“Only about 2,100 investors owned more than 5,000 shares, and less than 1,000 investors owned more than 10,000 shares,” the company said.
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