Trump transfers close to $4 billion worth of his Trump Media shares to a trust

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Trump transferred all of his nearly 115 million shares — worth around $4 billion on paper — in the parent company of social networking site Truth Social as a “bona fide gift” to the Donald J. Trump Revocable Trust, the Securities and Exchange Commission filing on Thursday said. Trump’s shares amount to more than half of the company’s stock.

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It’s not clear why Trump transferred the stock…

https://apnews.com/article/trump-media-donald-trump-share-transfer-trust-d3057197e82906e3490b9623cac30c18