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It’s Interesting How Truth Social Moved to Sell Stock Right Before Trump’s Tariffs Were Announced


 

Victor Tangermann

Thu, April 3, 2025 at 1:47 PM CDT

3 min read

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Just before announcing a major escalation in his tariff war on Wednesday evening — followed by a major stock market wipeout the following morning — president Donald Trump freed up the sale of his Truth Social shares.

As the Financial Times reports, Trump Media and Technology Group (TMTG) revealed that it was planning to sell more than 142 million shares in a late Tuesday filing with the Securities and Exchange Commission.

Most notably, the shares listed in the document include Trump’s 114-million-share stake, which is worth roughly $2.3 billion and held in a trust controlled by his son Donald Trump Jr. Other insiders, including a crypto exchange-traded fund, and 106,000 shares held by US attorney Pam Bondi were also included in the latest filing.

While the filing doesn’t guarantee any future sale of shares, investors weren’t exactly smitten with the optics. Shares plunged eight percent in light of the news, according to the FT, and are down over 45 percent this year amid Trump’s escalating trade war.

The timing of the SEC filing is certainly suspect. Trump’s “liberation day” tariff announcement on Wednesday triggered a major selloff, causing shares of multinational companies and stock futures to crater.

Trump also vowed in September that he wasn’t planning to sell any of his TMTG shares, which caused their value to spike temporarily at the time.

Now that the shares are up for grabs, the president has seemingly had a change of heart — or, perhaps, is getting cold feet now that the economy is feeling the brunt of his catastrophic economic policymaking. It’s also possible Trump was always planning to cash out and leave investors exposed.

Meanwhile, Trump Media released a statement on Wednesday, accusing “legacy media outlets” of “spreading a fake story suggesting that a TMTG filing today is paving the way for the Trump trust to sell its shares in TMTG.” The company said this week’s filing was “routine.”

Experts have long pointed out that if Trump were to sell, it could lead to TMTG spiraling.

It’s still unclear whether the company — which reported a staggering $400 million loss in 2024, while only netting a pitiful $3.6 million revenue — will realize the mass sale of millions of shares.

But even just the suggestion appears to have spooked investors.

“In this offering it says the Trump trust could sell shares — it doesn’t necessarily mean that they will,” Morningstar analyst Seth Goldstein told ABC News. “It signals to the market that they could.”

“This leaves it up in the air if and when a share sale will happen,” he added.

In short, instead of building a viable business that generates meaningful revenue to reflect its valuation, TMTG still feels more like an enrichment scheme for Trump and his closest associates.

“Trump Media has been pretty unsuccessful at creating an operating business model, but they have been quite successful at selling their stock,” University of Florida finance professor Jay Ritter told ABC News.

    Debunking Myth #8: “Corporate tax cuts create jobs” BUNK! Robert Reich    


    Debunking Myth #8: “Corporate tax cuts create jobs” BUNK! Robert Reich      
Friends, I’m tired of hearing Republicans claim that we should reduce taxes on corporations because corporate tax cuts create jobs. It’s untrue. Also untrue are the repeated Republican assertions that tax increases on corporations, and regulations requiring corporations to better protect the health and safety of their consumers and workers and the environment, are “job killers.” Here’s the truth: Most American jobs are created by poor, working, and middle-class people whose increased spending on goods and services causes businesses to create more jobs. If most Americans don’t have enough purchasing power to buy the stuff businesses produce, businesses will lay workers off. If    Forwarded this email? Subscribe here for more Debunking Myth #8: “Corporate tax cuts create jobs” BUNK! Robert Reich Jul 19           READ IN APP     (Please click on the above and see our video.)   Friends,   I’m tired of hearing Republicans claim that we should reduce taxes on corporations because corporate tax cuts create jobs. It’s untrue.   Also untrue are the repeated Republican assertions that tax increases on corporations, and regulations requiring corporations to better protect the health and safety of their consumers and workers and the environment, are “job killers.”   Here’s the truth: Most American jobs are created by poor, working, and middle-class people whose increased spending on goods and services causes businesses to create more jobs.   If most Americans don’t have enough purchasing power to buy the stuff businesses produce, businesses will lay workers off. If they have more purchasing power, businesses will add jobs.   In 1914, Ford boosted its workers’ wages. As a result, Ford employees — and the employees of other big firms who felt they had no choice but to raise their wages to compete in the job market with Ford — could afford to buy Model T Fords, enlarging the demand for Model T’s, thus creating more jobs at Ford (and at every other automaker).   The Great Crash of 1929 ushered in the Great Depression of the 1930s because people didn’t have enough money to buy the goods and services the economy could produce. Which caused a vicious cycle of fewer jobs and even less money in the pockets of average people.   The cycle ended only when the government stepped in through vast public spending on World War II.   So when you hear that corporations need tax cuts in order to create more jobs, or that tax increases on corporations or regulations on corporations are job killers, know that this is baloney.   The best way to create more jobs is to put more money into the pockets of more workers.   Which is why we need a higher minimum wage, an expanded Earned Income Tax Credit, and stronger unions that can bargain for higher wages. All these will increase demand for the goods and services businesses produce, thereby creating more jobs.   Remember, it’s working people who create jobs when they have enough money in their pockets to buy.they have more purchasing power, businesses will add jobs. In 1914, Ford boosted its workers’ wages. As a result, Ford employees — and the employees of other big firms who felt they had no choice but to raise their wages to compete in the job market with Ford — could afford to buy Model T Fords, enlarging the demand for Model T’s, thus creating more jobs at Ford (and at every other automaker). The Great Crash of 1929 ushered in the Great Depression of the 1930s because people didn’t have enough money to buy the goods and services the economy could produce. Which caused a vicious cycle of fewer jobs and even less money in the pockets of average people. The cycle ended only when the government stepped in through vast public spending on World War II. So when you hear that corporations need tax cuts in order to create more jobs, or that tax increases on corporations or regulations on corporations are job killers, know that this is baloney.  The best way to create more jobs is to put more money into the pockets of more workers. Which is why we need a higher minimum wage, an expanded Earned Income Tax Credit, and stronger unions that can bargain for higher wages. All these will increase demand for the goods and services businesses produce, thereby creating more jobs. Remember, it’s working people who create jobs when they have enough money in their pockets to buy.