President-elect Trump transfers nearly $4 billion of his Trump Media shares to a trust

Shares of Trump Media and Technology Group fell midday Friday after President-elect Donald Trump transferred all of his shares into a revocable trust, according to a regulatory filing.

Trump transferred all of his nearly 115 million shares worth about $4 billion on paper in the parent company of the social networking site Truth Social as a bona fide gift to the Donald J. Trump Revocable Trust , the Securities and Exchange Commission said Thursday. Trump's shares account for more than half of the company's shares.

It is unclear why Trump transferred the shares. Donald Trump Jr. is the sole trustee and has sole voting and investment authority over all securities held by the trust.

Trump Media shares were down about 2% as of midday, at $34.68 each. At one point Friday, they were down about 6%.

Trump Media shares have been extremely volatile since the company began trading in March. They hit intraday highs near $80 on the first day of trading, then plummeted to all-time lows in September when Trump and other insiders were finally allowed to sell shares after standard lock-up agreements expired . Trump did not sell any shares of the company.

The company's stock price has fluctuated wildly based on good and bad news related to Trump. They fell after Trump's conviction in a secret trial in May, then surged after the first assassination attempt on Trump in July. They rose again after his re-election in November, even as the company reported a third-quarter loss of $19.2 million.

Trump created Trump Media after being banned from Twitter and Facebook following the January 6, 2021 riot at the Capitol.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos