The Damage Report
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MAGA Investors DITCHED By Trump Executives As Truth Social Collapses
Posted
August 28, 2024
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5:06Now PlayingDonald Trump supporters get abandoned by Trump and his executives at Trump Media & Technology Group, including Devin Nunes and Juhan Phillip, as they start offloading massive shares ahead of Trump's expected share dump, leaving Truth Social to collapse completely. John Iadarola and Sharon Reed break it down on The Damage Report.
Read more here:
TRUTH SOCIAL EXEC DUMPS STOCK AS PRICE PLUMMETS
"According to a recent filing with the Securities and Exchange Commission, Trump Media & Technology Group (TMTG) CFO and treasurer Juhan Phillip has already sold a whopping $1.9 million worth of company shares.
CEO Devin Nunes and COO Andrew Northwall joined in as well, selling chunks of their holdings.
Meanwhile, Trump is likely also getting ready to offload his 114 million TMTG shares — roughly 60 percent of the company's outstanding stock — as soon as next month. The six-month lockup period determined by the SEC is set to expire as soon as September 20, clearing the way for Trump to pull out."
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