Truth Social Parent's Stock Drops 6% After Donald Trump Moves His $4 Billion Stake To A Trust

Contributing sentiments towards policy:

72% : Nunes was also selected to lead the President's Intelligence Advisory Board, though Trump noted Nunes would remain at the company.
68% : Trump made transfers to the trust in February 2016 while he campaigned for president, SEC filings show, and Trump made more transfers -- including various real estate holdings, assets and liabilities -- just before his inauguration in 2017, according to his then-accounting firm Mazars.
57% : Trump has a net worth valued at $6 billion, making him the 525th-richest in the world, according to our latest estimates.
52% : Donald Trump moved his roughly 57% stake in Trump Media & Technology Group to his revocable living trust, according to a recent regulatory filing -- raising the possibility his shares could be traded during his presidency by his oldest son -- causing shares in the Truth Social parent to slide 6% while cutting about $200 million from the president-elect's net worth.
33% : Trump could be trying to avoid accusations down the road of having conflicts of interest by distancing himself from the trust.
32% : Trump has said he would not sell his stake, even as other Trump Media executives -- including CEO Devin Nunes and Philip Juhan, the company's CFO -- announced plans to do so.
32% : Trump does not hold an executive position with the company, though he has named two of its board members to roles in his administration.
26% : But many experts then said the trust wouldn't really protect Trump from accusations he can be influenced by it since his family and close associates still ostensibly ran it.

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