Trump Media and Technology Group: The Future of Truth Social and Trump’s Stake

Trump Media and Technology Group (TMTG), the parent company behind the social media platform Truth Social, is often seen as a tech entity operating in a competitive market. However, it has emerged more as a vehicle for ambitious investors seeking proximity to the former President. Recent developments suggest that Trump may be considering a substantial cash-out strategy.

According to a Financial Times report, a recent filing with the Securities and Exchange Commission indicates that a trust where Trump holds his shares is now authorized to sell his stake. The filing outlines that these shares may be sold “from time to time in one or more offerings.”

Trump’s Substantial Stake in TMTG

Trump possesses nearly 115 million shares of TMTG, representing approximately 53% of the company’s total shares. With the current stock price fluctuating between €16.90 and €17.81, Trump’s investment in TMTG is valued at over €1.9 billion. Following the 2024 elections, Trump transferred these shares into the Donald J. Trump Revocable Trust, ostensibly placing them beyond his direct control. However, the trust is managed by Donald Trump Jr., which raises questions about independence in operations.

Trump’s Stance on Selling His Shares

Despite his comments that he would not sell his shares, technically, he has had the option to do so since September of the previous year. Past fears regarding potential sales have caused the stock price to plummet, primarily due to the perception that TMTG’s value is tied to Trump’s influence. Experts have cautioned that the publicly traded company can serve as a channel for special interests and foreign investments, underscoring the lack of any rational investment strategy outside of political allegiance to Trump. The tech functionality of Truth Social has also come under fire, with the company reporting losses exceeding €364 million last year.

Profiting from TMTG: A Network of Loyalists

Regardless of its controversies, TMTG has provided a lucrative platform for Trump loyalists. Attorney General Pam Bondi currently holds around €1.8 million worth of TMTG shares, while Secretary of Education Linda McMahon serves on TMTG’s board and was gifted shares valued at approximately €752,000 in January 2025. Furthermore, FBI Director Kash Patel received an equivalent “gift” of shares, which also amounted to €752,000. Devin Nunes, now CEO of TMTG, holds over €18 million in stock and received a salary and bonuses totaling approximately €1.5 million last year.

Controversy Over Recent Filings and Future Outlook

TMTG has claimed that its recent filing, which included disclosures concerning Bondi and Nunes selling portions of their stakes, is merely routine. They assert that “legacy media outlets are spreading a fake story suggesting that a TMTG filing today is paving the way for the Trump trust to sell its shares in TMTG… In fact, there currently is no open window for any affiliate to sell shares.” Nevertheless, it’s likely that many investors are considering converting their theoretical earnings into tangible profits.

FAQs

What is Trump Media and Technology Group?

Trump Media and Technology Group (TMTG) is the parent company of Truth Social, a social media platform inspired by former President Donald Trump’s approach to online communication.

How much is Trump’s shareholding in TMTG worth?

Trump’s stake in TMTG, consisting of approximately 115 million shares, is valued at over €1.9 billion based on current stock prices.

Who controls Trump’s trust regarding TMTG shares?

The Donald J. Trump Revocable Trust, which holds Trump’s TMTG shares, is controlled by Donald Trump Jr., casting doubt on the supposed oversight of Trump’s financial interests.

Is Truth Social a successful social media platform?

Truth Social has faced criticism for its performance and functionality. The company reported losses of over €364 million last year, raising questions about its viability.

How do influencers within TMTG benefit?

Several loyalists of Trump, including Pam Bondi and Devin Nunes, have profited significantly from their associations and equity stakes in TMTG, highlighting potential conflicts of interest in company operations.