Trump Media Shares Drop After Trump Transfers Stake to Trust

Shares of Trump Media & Technology (DJT, DJTWW) dropped by around 6% on Friday after Donald Trump transferred his stake in the company to a revocable trust. This move comes as Trump prepares for his new role as U.S. President-elect.

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By moving his shares to the trust, Trump is taking steps to avoid any potential conflicts of interest between his business interests and his upcoming political responsibilities. A revocable trust allows Trump to keep control of his assets, while legally separating ownership, which is a common approach for public figures in similar situations.

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This shift has raised questions about how it may affect the future of Trump Media. While the stock dropped, some analysts believe the company's success still depends on its ability to grow and attract more users, despite changes in ownership.

As Trump focuses on his transition to the presidency, attention will remain on how his business interests are managed and whether this move will have long-term effects on the company’s performance.

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