Markets
markets
Luke Kawa

Trump Media slumps on offering that lets Trump cash out

Liberation Day may be about the president availing himself of an ownership stake of the company that bears his name.

Trump Media & Technology Group is slumping in the premarket after filing for a primary offering of about 8.4 million shares and announcing a secondary sale of about 134 million shares by holders that include President Donald Trump.

To quote the filing:

“...this prospectus also relates to the offer and resale from time to time in one or more offerings, by the selling securityholders named in this prospectus... consisting of... 114,750,000 shares of Common Stock held by Donald J. Trump Revocable Trust dated April 7, 2014 (the ‘President Trump Shares’).”

The president has a stake valued at about $2 billion in Trump Media, the owner of Truth Social.

These 142 million shares (the primary offering plus the secondary) are well over half of shares outstanding. The stock is off about 7.2% shortly after 8 a.m. ET.

More Markets

See all Markets
Tasha Matsumoto
9h
Stocks climb higher as investors shake off hawkish Fed commentary

The S&P 500 and Nasdaq 100 continued their streak of monthly wins.

MADRID, SPAIN - JUNE 18: Actor Sacha Baron Cohen (C) attends "Bruno" photocall at Plaza de Toros de Las Ventas on June 18, 2009 in Madrid, Spain.
Western Digital Stock Rallies as Wall Street Raises Estimates

Western Digital rallies as Wall Street sees more gains ahead

Analysts responded to yesterday’s Western Digital earnings by rapidly ramping up price targets.

Matt Phillips11h
Luke Kawa
12h
December rate cut odds creep lower with Federal Reserve hawks out in full force

A cacophony of hawkish commentary.

Federal Reserve To Make Highly Anticipated Interest Rate Announcement This Week
markets
J. Edward Moreno

Gene-editing stocks rally on Bloomberg report that FDA plans to fast-track approval process

Shares of biotechs working with gene-editing treatments rose after the industry’s top regulator told Bloomberg News that the Food and Drug Administration plans to publish a paper in early November outlining the agency’s new, faster approach to approving those treatments.

Read more

FDA Clears Way for Faster Personalized Gene Editing Treatments

FDA Clears Way for Faster Personalized Gene Editing Treatments
Jon Keegan
14h
Amazon pulled off its monster quarter despite being left out of OpenAI’s tangle of deals

Amazon’s AWS revenue grew 20% year on year, and will hit $125 billion in capex for the year. CEO Andy Jassy said the 14,000 jobs cut weren’t about money, but about “culture.”

AWS re:Invent 2024

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.
©2025 Sherwood Media, LLC