It isn't clear how, if at all, tariffs would impact Trump Media's business, which have been operating with large losses since going public last year.
Do you have any thoughts on the Trump Media & Technology Group DJT-7.40%? I am not asking a question about President Donald Trump, who co-founded the social-media group four years ago, and I'm not trying to be provocative or political by asking this question.
President Donald Trump 's media empire is taking a beating on Wall Street, and this time, it's not just the market to blame. Shares of Trump Media & Technology Group DJT have nosedived after the company filed to sell more than 142 million shares, including Trump's own $2.3 billion stake.
Right-leaning stocks have staged notable rallies since President Donald Trump returned to office.
Trump Media's stock declined on Wednesday after the company disclosed in a securities filing that insiders, including the Donald J Trump Revocable Trust, could sell a significant number of shares. The filing, dated April 1, outlined the potential sale of roughly 8.4 million shares tied to existing warrants from the company's IPO.
The stock was recently headed for their lowest close of the year.
A filing from Trump Media & Technology Group DJT registers millions of shares for sale as a primary offering and millions of shares that can be sold in a secondary offering, including those belonging to President Donald Trump.
Insiders and major stakeholders, including the Donald J. Trump Revocable Trust, can sell stock "from time to time," the company disclosed in a filing.
The Donald J. Trump Revocable Trust would be allowed to sell 114,750,000 shares.
Trump Media & Technology Group filed papers with the U.S. Securities and Exchange Commission on Wednesday that would allow President Donald Trump's trust to sell stock that could be worth $2.3 billion, Axios reported.
Newsmax surged for a second straight day following its stellar debut. But investors must be careful.
The move could bolster Intercontinental Exchange-owned NYSE, which on Monday became the first exchange to operate in Texas.