Donald Trump will soon be free to start selling off more than $2 billion in shares he holds in the company that controls his social media platform, Truth Social—but doing so could send the stock price plummeting.
When Truth Social’s parent company, Trump Media & Technology Group, went public in March by merging with a special purpose acquisition company, the former president was granted about 114.75 million shares, which amounts to about 59% ownership. That stake makes up over half of his $4.5 billion net worth, according to Forbes, but so far he hasn’t been able to profit from his shares.
