Truth Social has launched a premium Truth API service that offers real-time access to posts for subscribers paying as much as $100,000 per month. While premium data feeds are common across social media platforms, this service has sparked controversy because the platform's most influential user is U.S. President Donald Trump.

The subscription is reportedly aimed at high-frequency trading firms, hedge funds, financial institutions, and news organizations seeking instant access to market-moving information. Critics argue that when a sitting president's social media posts can influence stock markets, commodities, tariffs, and geopolitical developments, faster access could create an unfair financial advantage for those who can afford it.

Trump's $100K Truth Social API Sparks Insider Trading Fears | Can Presidential Posts Be Sold?

Trump Media and Technology Group has launched Truth API, a paid data service offering Wall Street trading firms millisecond-fast access to posts from some of the most influential accounts on Truth Social, including President Donald Trump’s account. The service, reportedly priced at around $100,000 per month for premium access, has sparked debate over whether early access to presidential posts could provide an advantage to investors before market reactions occur.

Trump Media Faces Backlash As Truth API Turns Presidential Posts Into A Business Model | US News 

Investors betting against Trump Media &amp; Technology Group (DJT) have suffered a staggering $420 million loss, as the company's stock surged dramatically with Donald Trump's election victory, according to a report by financial analytics firm S3 Partners, as detailed in a report by Reuters.

Trump, 78, clinched a decisive win in the presidential race on Wednesday, defeating Democratic candidate Kamala Harris. In the weeks leading up to the election, DJT's stock saw a massive 196 per cent&nbsp;jump, turning the company’s shares into a volatile barometer for Trump’s reelection chances, the Reuters report explained further.

The stock, which tracks his election odds, gained significant attention alongside online gambling platforms like Polymarket and Kalshi, becoming a "meme stock" with a loyal following of retail investors, often characterised by their "diamond hands" mentality—refusing to sell no matter the price fluctuations.

Trump Media, the parent company of the Truth Social platform, is primarily owned by Donald Trump himself. The company operates a social media site and a streaming service. Its stock has attracted considerable short interest, contributing to its extreme volatility.

According to S3, the combination of a small float, heavy short interest, and the fervour of Trump supporters has made DJT highly susceptible to a "short squeeze," where rapid price increases force short sellers to cover their positions, exacerbating the price rise further.

In the days leading up to the election, DJT's stock experienced multiple halts due to wild price swings. On the day of Trump’s win, short sellers faced significant losses, with one report estimating a $77 million loss on 14 million shares at $5.50 per share.

With so many investors betting against the stock, the potential for a continued short squeeze remains high, S3 noted. The report highlighted that this situation makes DJT a key focus for market participants in the post-election period, with its price expected to stabilize closer to Trump’s inauguration in January.

The biggest beneficiary of the stock's meteoric rise has been Trump himself. Since March, his stake in the company has ballooned, reaching as high as $5.2 billion before settling at around $4.1 billion following the election.

The report suggests that Trump's financial windfall from the stock’s ascent, combined with his presidential victory, positions him for significant gains in the months ahead. In the face of these market fluctuations, Trump Media’s stock remains a highly speculative and volatile asset.

Investors betting against Trump Media & Technology Group (DJT) have suffered a staggering $420 million loss, as the company's stock surged dramatically with Donald Trump's election victory, according to a report by financial analytics firm S3 Partners, as detailed in a report by Reuters.

Investors betting against Trump Media & Technology Group (DJT) have suffered a staggering $420 million loss, as the company's stock surged dramatically with Donald Trump's election victory, according to a report by financial analytics firm S3 Partners, as detailed in a report by Reuters. Trump, 78, clinched a decisive win in the presidential race on Wednesday, defeating Democratic candidate Kamala Harris. In the weeks leading up to the election, DJT's stock saw a massive 196 per cent jump, turning the company’s shares into a volatile barometer for Trump’s reelection chances, the Reuters report explained further. The stock, which tracks his election odds, gained significant attention alongside online gambling platforms like Polymarket and Kalshi, becoming a "meme stock" with a loyal following of retail investors, often characterised by their "diamond hands" mentality—refusing to sell no matter the price fluctuations. Trump Media, the parent company of the Truth Social platform, is primarily owned by Donald Trump himself. The company operates a social media site and a streaming service. Its stock has attracted considerable short interest, contributing to its extreme volatility. According to S3, the combination of a small float, heavy short interest, and the fervour of Trump supporters has made DJT highly susceptible to a "short squeeze," where rapid price increases force short sellers to cover their positions, exacerbating the price rise further. In the days leading up to the election, DJT's stock experienced multiple halts due to wild price swings. On the day of Trump’s win, short sellers faced significant losses, with one report estimating a $77 million loss on 14 million shares at $5.50 per share. With so many investors betting against the stock, the potential for a continued short squeeze remains high, S3 noted. The report highlighted that this situation makes DJT a key focus for market participants in the post-election period, with its price expected to stabilize closer to Trump’s inauguration in January. The biggest beneficiary of the stock's meteoric rise has been Trump himself. Since March, his stake in the company has ballooned, reaching as high as $5.2 billion before settling at around $4.1 billion following the election. The report suggests that Trump's financial windfall from the stock’s ascent, combined with his presidential victory, positions him for significant gains in the months ahead. In the face of these market fluctuations, Trump Media’s stock remains a highly speculative and volatile asset.

Trump Media short sellers face $420 million loss amid volatile election surge

Shares of Trump Media, the company behind the social media platform Truth Social, skyrocketed over 21 per cent on October 28, spurred by Donald Trump’s campaign rally in New York City.

According to a report by CNBC, the stock closed at $47.36 per share, surpassing its mid-July peak, which was fuelled by the heightened attention following a near-assassination attempt at a rally in Pennsylvania. This earlier surge was followed by a significant sell-off, which saw the stock plummet to below $12 by late September.

However, the company made a remarkable recovery throughout October, coinciding with the intensifying presidential race against Democratic nominee Vice President Kamala Harris. Trump, who owns nearly 57 per cent of Trump Media, saw the value of his stake rise to about $5.4 billion at Monday’s intraday high, reflecting an increase of around $4 billion since the stock’s September lows.

Despite these fluctuations, analysts have often pointed out that Trump Media’s market value and volatile stock performance are not primarily driven by company news or the platform's modest revenue and audience size. Instead, they suggest that the stock serves as a vehicle for pro-Trump retail investors to express their support for the former president and as a barometer for his chances of regaining the White House.

The recent surge in stock price appears to correlate with a renewed sense of enthusiasm among supporters after Trump’s rally at Madison Square Garden, which attracted thousands of attendees in a predominantly Democratic city. A user on Truth Social celebrated the rally, noting, “Our dear President @realDonaldTrump packs MSG yesterday for the Rally of a lifetime and TODAY, the entire market is UP UP UP!!! $DJT.”

Traditional polling indicates a close race<o:p></o:p>

This spike in stock value aligns with a shift in political betting markets, where Trump’s odds appear to be improving, even as traditional polling indicates a close race. Betting platforms like Polymarket and Kalshi use different methodologies than conventional polls, raising questions about their reliability as indicators of political outcomes.

Recent concerns have emerged about potential manipulation in the election betting markets. For instance, Polymarket reported that a single individual from France amassed a significant pro-Trump position on its presidential election bets through four separate accounts.

As the election approaches, the dynamics of Trump Media’s stock, its investor base, and the broader political landscape remain linked, reflecting the fervor surrounding Trump’s campaign. Still, with a close race, it is just a matter of few more days before the US has a new President.

Shares of Trump Media, the company behind the social media platform Truth Social, skyrocketed over 21 per cent on October 28, spurred by Donald Trump’s campaign rally in New York City.

Shares of Trump Media, the company behind the social media platform Truth Social, skyrocketed over 21 per cent on October 28, spurred by Donald Trump’s campaign rally in New York City. According to a report by CNBC, the stock closed at $47.36 per share, surpassing its mid-July peak, which was fuelled by the heightened attention following a near-assassination attempt at a rally in Pennsylvania. This earlier surge was followed by a significant sell-off, which saw the stock plummet to below $12 by late September. However, the company made a remarkable recovery throughout October, coinciding with the intensifying presidential race against Democratic nominee Vice President Kamala Harris. Trump, who owns nearly 57 per cent of Trump Media, saw the value of his stake rise to about $5.4 billion at Monday’s intraday high, reflecting an increase of around $4 billion since the stock’s September lows. Despite these fluctuations, analysts have often pointed out that Trump Media’s market value and volatile stock performance are not primarily driven by company news or the platform's modest revenue and audience size. Instead, they suggest that the stock serves as a vehicle for pro-Trump retail investors to express their support for the former president and as a barometer for his chances of regaining the White House. The recent surge in stock price appears to correlate with a renewed sense of enthusiasm among supporters after Trump’s rally at Madison Square Garden, which attracted thousands of attendees in a predominantly Democratic city. A user on Truth Social celebrated the rally, noting, “Our dear President @realDonaldTrump packs MSG yesterday for the Rally of a lifetime and TODAY, the entire market is UP UP UP!!! $DJT.” Traditional polling indicates a close race This spike in stock value aligns with a shift in political betting markets, where Trump’s odds appear to be improving, even as traditional polling indicates a close race. Betting platforms like Polymarket and Kalshi use different methodologies than conventional polls, raising questions about their reliability as indicators of political outcomes. Recent concerns have emerged about potential manipulation in the election betting markets. For instance, Polymarket reported that a single individual from France amassed a significant pro-Trump position on its presidential election bets through four separate accounts. As the election approaches, the dynamics of Trump Media’s stock, its investor base, and the broader political landscape remain linked, reflecting the fervor surrounding Trump’s campaign. Still, with a close race, it is just a matter of few more days before the US has a new President.

Trump Media stock soars 21% following New York City rally

United Atlantic Ventures (UAV), a significant shareholder in Trump Media, has sold nearly 11 million shares in the company, according to a regulatory filing Thursday, weeks after a federal judge cleared the way for the transaction according to a detailed report by CNBC.

The report further stated that the move left UAV an investment partnership of former “Apprentice” contestants Andrew Litinsky and Wes Moss owning just 100 shares in Trump Media, which operates the Truth Social app.

The amount of money UAV got from the stock sales, which occurred within the past week, was not disclosed. But the price range that the DJT i.e., Trump Media shares has traded at during that time which saw unusually heavy trading volume suggests that UAV would have received between $128 million and $170 million for its stock. UAV was allowed to dump its 5.4 per cent stake in Trump Media after a lock-up agreement that barred company insiders from selling expired on September 19.

UAV is the only known insider to sell off shares after that day. Litinsky and Moss had pitched the idea of a social media company to former President Donald Trump, the star of the “Apprentice” show, and co-founded Trump Media with him in 2021.

The CNBC report further stated that the two later fell out with Trump and since then have been embroiled in lawsuits with Trump Media over their shares. Trump owns 114.7 million DJT shares, more than 56 per cent of Trump Media’s stock.

After UAV’s sale of its stake, the only other entity that holds more than 5 per cent of Trump Media shares is ARC Global Investments II LLC, which holds slightly more than 11 million shares. DJT stock closed Thursday at $13.98 per share, a decrease of about 1 per cent.

Trump has no intention to sell<o:p></o:p>

The Republican presidential nominee Trump on September 13 said “I have absolutely no intention of selling” his shares in the company after the lock-up period expired. 

The US Securities and Exchange Commission (SEC) filings show that UAV owned 7,525,000 shares of Trump Media as of March 25, the day the company completed a merger with the blank-check company Digital World Acquisition Corp., which led to Trump’s company becoming publicly traded.

UAV later was awarded another 3.44 million shares that were issued “for no additional consideration based on the performance of our shares of Common Stock,” Trump Media said in an SEC filing on September 5.

That left UAV owning more than 10.96 million shares. Thursday’s Securities and Exchange Commission filing disclosing UAV’s sale of the vast majority of those shares does not give the dates or prices for the selloff.

Trump Media had warned in a Florida lawsuit that UAV was planning to sell “all of its shares as soon as possible” once the lock-up period expired. UAV’s disclosure of the sale in a 13G filing with the SEC came on the heels of a September 6 ruling by a federal judge in Delaware in UAV’s favor in a lawsuit against a securities transfer agent, Odyssey Transfer, and Trust Company.

That ruling barred Odyssey from interfering with the transfer of UAV’s Trump Media shares to UAV when the lock-up period expired. Odyssey had indicated before the ruling that it would take directions from Trump Media on the transfer of shares, and Trump Media had refused to say if it would allow Odyssey to remove transfer restrictions without preference to any shareholder.

Trump Media share listing and performance<o:p></o:p>

Trump Media stock soared in its trading debut on the Nasdaq, reaching an intraday high of $79.38 per share and sending the company’s market capitalization north of $10 billion. But DJT’s price quickly pulled back.

In recent months it has suffered a downward slide that erased more than 80 per cent of the company’s value at its post-merger peak. The company’s market cap is now below $2.8 billion. Analysts view DJT as a meme stock whose wild price swings were driven more by investors’ support for Trump, the majority shareholder and Truth Social’s main draw, than its business fundamentals. Trump Media has reported net losses of around $344 million on revenues of less than $2 million in its last two quarterly earnings reports.

United Atlantic Ventures (UAV), a significant shareholder in Trump Media, has sold nearly 11 million shares in the company, according to a regulatory filing Thursday, weeks after a federal judge cleared the way for the transaction according to a detailed report by CNBC.

United Atlantic Ventures (UAV), a significant shareholder in Trump Media, has sold nearly 11 million shares in the company, according to a regulatory filing Thursday, weeks after a federal judge cleared the way for the transaction according to a detailed report by CNBC. The report further stated that the move left UAV an investment partnership of former “Apprentice” contestants Andrew Litinsky and Wes Moss owning just 100 shares in Trump Media, which operates the Truth Social app. The amount of money UAV got from the stock sales, which occurred within the past week, was not disclosed. But the price range that the DJT i.e., Trump Media shares has traded at during that time which saw unusually heavy trading volume suggests that UAV would have received between $128 million and $170 million for its stock. UAV was allowed to dump its 5.4 per cent stake in Trump Media after a lock-up agreement that barred company insiders from selling expired on September 19. UAV is the only known insider to sell off shares after that day. Litinsky and Moss had pitched the idea of a social media company to former President Donald Trump, the star of the “Apprentice” show, and co-founded Trump Media with him in 2021. The CNBC report further stated that the two later fell out with Trump and since then have been embroiled in lawsuits with Trump Media over their shares. Trump owns 114.7 million DJT shares, more than 56 per cent of Trump Media’s stock. After UAV’s sale of its stake, the only other entity that holds more than 5 per cent of Trump Media shares is ARC Global Investments II LLC, which holds slightly more than 11 million shares. DJT stock closed Thursday at $13.98 per share, a decrease of about 1 per cent. Trump has no intention to sell The Republican presidential nominee Trump on September 13 said “I have absolutely no intention of selling” his shares in the company after the lock-up period expired. The US Securities and Exchange Commission (SEC) filings show that UAV owned 7,525,000 shares of Trump Media as of March 25, the day the company completed a merger with the blank-check company Digital World Acquisition Corp., which led to Trump’s company becoming publicly traded. UAV later was awarded another 3.44 million shares that were issued “for no additional consideration based on the performance of our shares of Common Stock,” Trump Media said in an SEC filing on September 5. That left UAV owning more than 10.96 million shares. Thursday’s Securities and Exchange Commission filing disclosing UAV’s sale of the vast majority of those shares does not give the dates or prices for the selloff. Trump Media had warned in a Florida lawsuit that UAV was planning to sell “all of its shares as soon as possible” once the lock-up period expired. UAV’s disclosure of the sale in a 13G filing with the SEC came on the heels of a September 6 ruling by a federal judge in Delaware in UAV’s favor in a lawsuit against a securities transfer agent, Odyssey Transfer, and Trust Company. That ruling barred Odyssey from interfering with the transfer of UAV’s Trump Media shares to UAV when the lock-up period expired. Odyssey had indicated before the ruling that it would take directions from Trump Media on the transfer of shares, and Trump Media had refused to say if it would allow Odyssey to remove transfer restrictions without preference to any shareholder. Trump Media share listing and performance Trump Media stock soared in its trading debut on the Nasdaq, reaching an intraday high of $79.38 per share and sending the company’s market capitalization north of $10 billion. But DJT’s price quickly pulled back. In recent months it has suffered a downward slide that erased more than 80 per cent of the company’s value at its post-merger peak. The company’s market cap is now below $2.8 billion. Analysts view DJT as a meme stock whose wild price swings were driven more by investors’ support for Trump, the majority shareholder and Truth Social’s main draw, than its business fundamentals. Trump Media has reported net losses of around $344 million on revenues of less than $2 million in its last two quarterly earnings reports.

Trump Media investor United Atlantic Ventures dumps nearly 11 million shares

The Trump Media &amp; Technology Group stated on Tuesday (June 18) that the Securities and Exchange Commission (SEC) has approved its registration for the transfer of certain shares and warrants. This approval could provide the corporation with around $247 million in proceeds.<o:p></o:p>

The company, which administers former US President Donald Trump's social media network Truth Social, says that now that its warrants are exercisable, it expects to be "well-positioned" to pursue developments in TV streaming and other platform enhancements. In addition, the funds could help with possible mergers and acquisitions.<o:p></o:p>

Despite the possible cash boost, Trump Media's shares tumbled roughly 14 per cent in extended trading on fears about potential shareholder dilution. The proceeds from the sale of these warrants would be used to boost the company's present unrestricted cash reserves of more than $200 million.<o:p></o:p>

Trump Media also stated that an additional $40 million of restricted cash on its balance sheet will become unrestricted once the Form S-1 registration statement is effective. According to LSEG data, the company's shares have fallen 46 per cent since its backdoor offering on the Nasdaq in March, with a market value of $5.53 billion.<o:p></o:p>

(With inputs from Agencies)<o:p></o:p>

The Trump Media & Technology Group stated on Tuesday (June 18) that the Securities and Exchange Commission (SEC) has approved its registration for the transfer of certain shares and warrants.

The Trump Media & Technology Group stated on Tuesday (June 18) that the Securities and Exchange Commission (SEC) has approved its registration for the transfer of certain shares and warrants. This approval could provide the corporation with around $247 million in proceeds. The company, which administers former US President Donald Trump's social media network Truth Social, says that now that its warrants are exercisable, it expects to be "well-positioned" to pursue developments in TV streaming and other platform enhancements. In addition, the funds could help with possible mergers and acquisitions. Despite the possible cash boost, Trump Media's shares tumbled roughly 14 per cent in extended trading on fears about potential shareholder dilution. The proceeds from the sale of these warrants would be used to boost the company's present unrestricted cash reserves of more than $200 million. Trump Media also stated that an additional $40 million of restricted cash on its balance sheet will become unrestricted once the Form S-1 registration statement is effective. According to LSEG data, the company's shares have fallen 46 per cent since its backdoor offering on the Nasdaq in March, with a market value of $5.53 billion. (With inputs from Agencies)

Trump Media gains SEC approval for resale of shares, eyes $247 million windfall

Trump Media &amp; Technology Group (TMTG) shares fell 6.5 per cent in after-hours trading on Thursday, following the conviction of former President Donald Trump by a New York jury for falsifying records to hide a payment made to silence a porn star ahead of the 2016 election.

TMTG, the parent company of the social networking platform Truth Social and majority-owned by Trump, saw its stock trade at $48.44 after the bell. This marked a drop from its regular trading hours closing of $51.12, which gave the business a $9 billion valuation.

After two days of deliberation, the 12-member jury returned its judgment, finding Trump guilty of all 34 counts. The presiding court, Justice Juan Merchan, scheduled the sentencing for July 11, just days before the Republican National Convention is anticipated to officially nominate Trump for president on July 15.

Trump Media shares have been extremely volatile since their first public offering on March 26. On its Nasdaq debut, the company's shares surged by up to 59 per cent, fuelled by a flood of buying by Trump fans and market speculators. The company reported $770,500 in revenue for the March quarter, with an adjusted operating loss of $12.1 million.

The highest closing price for TMTG shares was $79.38 on the day of the IPO, with the lowest being $22.84 on April 16. Recent legal events have exacerbated the company's already volatile stock performance.

As the sentencing date approaches and the Republican National Convention approaches, the financial and political consequences for Trump and TMTG remain undetermined.&nbsp;

(With inputs from Reuters)

Trump Media & Technology Group (TMTG) shares fell 6.5 per cent in after-hours trading on Thursday, following the conviction of former President Donald Trump by a New York jury for falsifying records to hide a payment made to silence a porn star ahead of the 2016 election.

Trump Media & Technology Group (TMTG) shares fell 6.5 per cent in after-hours trading on Thursday, following the conviction of former President Donald Trump by a New York jury for falsifying records to hide a payment made to silence a porn star ahead of the 2016 election. TMTG, the parent company of the social networking platform Truth Social and majority-owned by Trump, saw its stock trade at $48.44 after the bell. This marked a drop from its regular trading hours closing of $51.12, which gave the business a $9 billion valuation. After two days of deliberation, the 12-member jury returned its judgment, finding Trump guilty of all 34 counts. The presiding court, Justice Juan Merchan, scheduled the sentencing for July 11, just days before the Republican National Convention is anticipated to officially nominate Trump for president on July 15. Trump Media shares have been extremely volatile since their first public offering on March 26. On its Nasdaq debut, the company's shares surged by up to 59 per cent, fuelled by a flood of buying by Trump fans and market speculators. The company reported $770,500 in revenue for the March quarter, with an adjusted operating loss of $12.1 million. The highest closing price for TMTG shares was $79.38 on the day of the IPO, with the lowest being $22.84 on April 16. Recent legal events have exacerbated the company's already volatile stock performance. As the sentencing date approaches and the Republican National Convention approaches, the financial and political consequences for Trump and TMTG remain undetermined. (With inputs from Reuters)

Shares of Trump Media & Technology Group drop 6.5pc following Trump's conviction

Securities and Exchange Commission charged Trump Media & Technology Group’s independent accounting firm, BF Borgers with widespread fraud on Friday (May 3). While the SEC accused the Lakewood, Colorado-based auditor of operating a “sham audit mill,” it did not make allegations of wrongdoing against Truth Social owner Trump Media.

Securities and Exchange Commission charged Trump Media & Technology Group’s independent accounting firm, BF Borgers with widespread fraud on Friday (May 3). While the SEC accused the Lakewood, Colorado-based auditor of operating a “sham audit mill,” it did not make allegations of wrongdoing against Truth Social owner Trump Media. What are the accusations against BF Borgers? "The Securities and Exchange Commission today charged audit firm BF Borgers CPA PC and its owner, Benjamin F. Borgers (together, “Respondents”), with deliberate and systemic failures to comply with Public Company Accounting Oversight Board (PCAOB) standards in its audits and reviews incorporated in more than 1,500 SEC filings from January 2021 through June 2023," SEC said in a press release. "The SEC also charged the Respondents with falsely representing to their clients that the firm’s work would comply with PCAOB standards; fabricating audit documentation to make it appear that the firm’s work did comply with PCAOB standards; and falsely stating in audit reports included in more than 500 public company SEC filings that the firm’s audits complied with PCAOB standards" the SEC statement added. Also read: US lawmakers launch 'dog lovers caucus' as Trump potential running mate 'puppy killer' Kristi Noem goes viral The SEC levied a harsh penalty on BF Borgers, permanently barring the firm from operating as accountants. The company and its owner, Benjamin Borgers, also agreed to pay a combined $14 million in fines. “Borgers and his sham audit mill have been permanently shut down,” Gurbir Grewal, director of the SEC’s enforcement division, said in a press release. Companies that have employed BF Borgers will need to look for new accounting firms. SEC alerted those companies in a separate statement issued on Friday. Trump Media has announced that it is also looking for a new accounting firm. Trump Media's stock price falls Shortly after trading began on Friday, Trump Media, the company that controls the Truth Social app, saw its stock price fall 9 percent. Borgers worked as Trump Media's independent registered accounting firm before the social media company went public in March. Later in March, Trump Media's audit committee authorised Borgers' appointment as the public company's accounting firm.

SEC accuses Trump Media’s auditor of running 'sham audit mill'; stock price drops

Shares of Donald Trump's social media company slumped 18 per cent on Monday, extending losses since the stock's debut last month, after the company said it could sell millions of shares in coming months, including the former president's entire stake.

Trading in Trump Media &amp; Technology Group, which operates Truth Social, has been volatile since its listing on March 26, attracting both loyal Trump fans and short sellers who see the stock as wildly overvalued.

The stock already has fallen nearly 60 per cent since it opened on its first day of trade at $70.90, after a blank-check merger with Digital World Acquisition Corp. The shares closed down 18.4 per cent at $26.61.

Also read |&nbsp;<a href="https://www.wionews.com/world/trump-hush-money-case-no-jury-selected-on-day-1-as-potential-jurors-confess-to-bias-against-republican-711711">Trump hush money case: No jury selected on day 1, as potential jurors confess to bias against Republican</a>

Monday's filing, known as a registration statement, is considered standard after a company goes public through a special purpose acquisition company, or SPAC. These "blank check" entities raise capital through an initial public offering to acquire or merge with a company that is not publicly traded.

In the vast majority of these mergers, the company is contractually required to file a resale statement for parties who may not be able to sell their shares freely without the registration, said Peter Byrne, a securities lawyer at Cooley LLP who specializes in the process of going public.

"It's completely standard," Byrne said.

Bankers and lawyers told Reuters while the filing does not indicate any imminent intention to sell from affiliates of the company, it does clear the way for Trump to sell his shares after the lock-up is expired or waived.

The filing showed a potential sale of 146.1 million shares, including Trump's stake of 114.8 million shares, divided between the 78.75 million he owns and an additional stake he could receive if certain performance-based measures are achieved.

The filing also listed an additional 21.5 million shares that could be sold upon the exercise of certain warrants issued when the company went public.

Trump, the Republican candidate for president in the November election, is on trial in a Manhattan court related to hush money payments to a porn star. He has pleaded not guilty.

Shares of Donald Trump's social media company slumped 18 per cent on Monday, extending losses since the stock's debut last month, after the company said it could sell millions of shares in coming months, including the former president's entire stake.

Shares of Donald Trump's social media company slumped 18 per cent on Monday, extending losses since the stock's debut last month, after the company said it could sell millions of shares in coming months, including the former president's entire stake. Trading in Trump Media & Technology Group, which operates Truth Social, has been volatile since its listing on March 26, attracting both loyal Trump fans and short sellers who see the stock as wildly overvalued. The stock already has fallen nearly 60 per cent since it opened on its first day of trade at $70.90, after a blank-check merger with Digital World Acquisition Corp. The shares closed down 18.4 per cent at $26.61. Also read | Trump hush money case: No jury selected on day 1, as potential jurors confess to bias against Republican Monday's filing, known as a registration statement, is considered standard after a company goes public through a special purpose acquisition company, or SPAC. These "blank check" entities raise capital through an initial public offering to acquire or merge with a company that is not publicly traded. In the vast majority of these mergers, the company is contractually required to file a resale statement for parties who may not be able to sell their shares freely without the registration, said Peter Byrne, a securities lawyer at Cooley LLP who specializes in the process of going public. "It's completely standard," Byrne said. Bankers and lawyers told Reuters while the filing does not indicate any imminent intention to sell from affiliates of the company, it does clear the way for Trump to sell his shares after the lock-up is expired or waived. The filing showed a potential sale of 146.1 million shares, including Trump's stake of 114.8 million shares, divided between the 78.75 million he owns and an additional stake he could receive if certain performance-based measures are achieved. The filing also listed an additional 21.5 million shares that could be sold upon the exercise of certain warrants issued when the company went public. Trump, the Republican candidate for president in the November election, is on trial in a Manhattan court related to hush money payments to a porn star. He has pleaded not guilty.

Trump Media shares tank after filing shows more stock may be sold

"Is Google trying to f*** me?"

This is the question former US President Donald Trump has been asking his friends and advisers for the past several weeks.

What is the source of Trump's paranoia?

As per a report by RollingStone, citing two people with the know-how, the absence of the former President's social media app Truth Social is what concerns him.

Watch |&nbsp;Gravitas: Donald Trump's&nbsp;own Social Media Platform

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/gravitas-donald-trump-to-launch-own-social-media-platform-422776/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

The app was launched for Apple devices in February of this year and three months down the line it is still missing from the Google Play Store and hence unavailable for Android users.

In the US, Android users, by the way, account for roughly 40 per cent of the mobile market. This absence has left Trump wondering whether Google is behind this delay.

Google's YouTube did suspend the businessman from its website following the infamous Capitol Hill riots, however, this suspension has no connection to the Play Store, which has its own separate terms of service.

Also read |&nbsp;<a href="https://www.wionews.com/trending/no-way-elon-musk-is-going-to-buy-twitter-says-trump-479144">No way Elon Musk is going to buy Twitter, says Trump</a>

While in theory, the sinister plot by tech giants to suppress free speech sounds entirely plausible, it may all be in the paranoid businessman's head.

RollingStone claims that Truth Social hasn't even submitted the app for review by Google so as to gain a spot on the Play Store.

Also read |&nbsp;<a href="https://www.wionews.com/world/the-newest-problem-for-trumps-truth-social-is-elon-musk-473062">The newest problem for Trump’s Truth Social is Elon Musk</a>

If job listings by the former president's Trump Media &amp; Technology Group (TMTG) are anything to go by, the company is yet to fully develop an Android app. It is still hiring Android Developers.

The application that was to give solid competition to Big Tech social media networks had a sub-par launch and three months since that, the number of downloads is plunging, even as the former President continues to claim "everybody loves it."

(With inputs from agencies)

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"Is Google trying to f*** me?" This is the question former US President Donald Trump has been asking his friends and advisers for the past several weeks. What is the source of Trump's paranoia?

"Is Google trying to f*** me?" This is the question former US President Donald Trump has been asking his friends and advisers for the past several weeks. What is the source of Trump's paranoia? As per a report by RollingStone, citing two people with the know-how, the absence of the former President's social media app Truth Social is what concerns him. Watch | Gravitas: Donald Trump's own Social Media Platform The app was launched for Apple devices in February of this year and three months down the line it is still missing from the Google Play Store and hence unavailable for Android users. In the US, Android users, by the way, account for roughly 40 per cent of the mobile market. This absence has left Trump wondering whether Google is behind this delay. Google's YouTube did suspend the businessman from its website following the infamous Capitol Hill riots, however, this suspension has no connection to the Play Store, which has its own separate terms of service. Also read | No way Elon Musk is going to buy Twitter, says Trump While in theory, the sinister plot by tech giants to suppress free speech sounds entirely plausible, it may all be in the paranoid businessman's head. RollingStone claims that Truth Social hasn't even submitted the app for review by Google so as to gain a spot on the Play Store. Also read | The newest problem for Trump’s Truth Social is Elon Musk If job listings by the former president's Trump Media & Technology Group (TMTG) are anything to go by, the company is yet to fully develop an Android app. It is still hiring Android Developers. The application that was to give solid competition to Big Tech social media networks had a sub-par launch and three months since that, the number of downloads is plunging, even as the former President continues to claim "everybody loves it." (With inputs from agencies) Watch WION LIVE HERE: You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Is Google hatching a sinister plot to butt in on Donald Trump's app Truth Social's success?