In a development that substantially reduces Trump’s inclination to reduce his huge stake in Trump Media and Technology Group (DJT), allaying the fears of the stock’s bulls at least through the upcoming presidential term, the president-elect has chosen to transfer his ownership interest in the company to a trust, with Donald Trump Jr now acting as the sole trustee. For the benefit of those who might not be aware, Trump retained a mammoth 59 percent stake in Trump Media and Technology Group (TMTG), which corresponded to 114.75 million shares. As per a new filing with the SEC, TMTG has disclosed: […]
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