Trump Media Executives Offload Millions in DJT Stock
Originally Published 1 year ago — by CNBC
Trump Media's CFO Phillip Juhan, along with two other insiders, sold over $16 million in company stock following the presidential election. Juhan sold 384,000 shares, while director Eric Swider and general counsel Scott Glabe sold smaller amounts. Despite a market cap of $6.3 billion, Trump Media reported only $1 million in revenue for Q3 and a $19.2 million loss. The company's Truth Social app has a low user base compared to competitors. The stock sales were part of pre-planned trading strategies.