- Shares of Donald Trump's media and technology firm fell as much as 12% on Monday, extending a selloff that has now reduced the value of his stake in the operator of Truth Social to $2.9 billion.
The declines are reducing a potential windfall for Trump who could sell his shares to raise money for his 2024 presidential campaign and legal expenses, although lock-up restrictions for six months could prevent him from selling or borrowing against his shareholding.Former U.S. President Trump - who owns about 78.75 million shares in the company - has seen a sharp slide in the valuation of his stake from around $6 billion last month.
Trump Media & Technology Group has a short interest of about 4.75 million shares, or 12% of its free float, according to analytics firm S3 Partners. NASHVILLE, Tenn. — Tennessee's GOP-dominant Senate on Monday unanimously signed off on legislation requiring minors to have parental consent to create social media accounts. The bill is similar to pushes currently being made across the United States as concern grows over young people's internet usage.
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