Trump transfers almost $4 billion of his Truth Social parent company shares to a trust in surprise move

President-elect Trump transferred almost all his shares in the parent company of Truth Social to the Donald J. Trump Revocable Trust, according to a Securities and Exchange Commission filing on Thursday.

Trump Media & Technology Group (TMTG) is the parent company of Truth Social, a social media app that positions itself as an alternative to mainstream apps like Instagram and X. ---More...