Donald Trump increases stake in Truth Social’s parent company to nearly 65%
Donald Trump has significantly increased his ownership in Trump Media & Technology Group (TMTG), the operator of his social media app, Truth Social. According to a recent filing, his stake now stands at nearly 65%, following the acquisition of an additional 36 million shares. Trump earlier held 57.6% in the companyThis move increases Trump’s holdings from 57.6% in March to a substantial majority. The boost in ownership comes amidst a notable surge in the company’s stock, which has climbed over 50% to $49.93 in just the past five sessions. Despite this sharp increase, the stock remains approxim...