Trump Media Executives Sell Millions in Stock After Election
Insiders at Trump Media & Technology Group sold over $16 million in stock following Trump's election victory.
- Chief Financial Officer Phillip Juhan sold 384,000 shares, totaling over $11.9 million, as part of a pre-adopted trading plan.
- Eric Swider, former CEO of Digital World Acquisition Corporation, sold all his directly owned shares, totaling $3.84 million.
- General Counsel Scott Glabe sold 15,917 shares for over $512,000 but retains a significant number of restricted stock units.
- Despite a market capitalization of $6.3 billion, Trump Media reported only $1 million in revenue for the third quarter and a $19.2 million loss.
- Truth Social, operated by Trump Media, has a daily active user base of about 200,000, significantly lower than other major social media platforms.