Financial Maneuver and Market Reaction
President-elect transferred his 114.75 million shares in , valued at over $4 billion, to a revocable trust, with as the sole trustee, impacting the company's stock price.
Following the transfer, Trump Media's shares saw a decline, reflecting the market's reaction to the news, with fluctuations in share price seen since the company's public trading began.
Ethical and Operational Implications
The move has sparked discussions on potential conflicts of interest and ethics, given that Trump Jr. now holds voting and investment power over the trust's securities.
Despite the transfer, Trump remains the indirect owner of the shares and the sole beneficiary of the trust, raising questions about the transparency and independence of the trust's management.