Trump Media shares drop after warning the president's trust and other insiders could sell stock

The parent company of Truth Social said in a filing dated April 1 that the company could soon sell roughly 8.4 million shares of common stock related to existing warrants issued during the IPO. And the company said insiders and major stakeholders could also sell up to about 134 million shares "from time to time."Trump Media 's stock tumbled on Wednesday after the company disclosed in a securities filing the possibility of significant stock sales, including by insider shareholders such as the president's tru ...