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Trump Media Stock Slumps Further After Company Files to Issue New Shares
Trump Media & Technology Group, operator of Truth Social, dropped further after the company filed to issue about 21.5 million new shares.
Shares of Trump Media & Technology Group, the operator of the social network positioned as a “safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations,” were down more than 14% in trading Monday morning. The latest decline in TMTG’s share price came as Trump was in a Manhattan courtroom Monday to begin jury selection for his criminal trial on charges that he paid hush money. The company’s license agreement does not require Trump to use Truth Social “in certain circumstances,” including in connection with posts that he deems “in his sole discretion” to be “politically related.”
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