Majority Stake Confirmed

President-elect Donald Trump has officially reported a significant 52.9% ownership in Trump Media & Technology Group Corp., the entity behind Truth Social, as of December 17. This revelation comes from a recent SEC filing disclosed on Monday.

Strategic Share Transfer

In a strategic move, Trump has transferred 114.75 million shares of Trump Media stock into a revocable trust. This transfer encompasses his entire stake in the company, with Trump being the sole beneficiary and settlor of this trust, marking a pivotal moment in the company's governance and Trump's investment strategy.