Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by <a href="https://www.factset.com/">Factset</a>. Powered and implemented by <a href="https://www.factset.com/solutions/business-needs/digital-solutions">FactSet Digital Solutions</a>. <a href="https://www.factset.com/privacy">Legal Statement</a>. <br>This material may not be published, broadcast, rewritten, or redistributed. ©2024 FOX News Network, LLC. All rights reserved. <a href="https://help.foxbusiness.com/hc/en-us/sections/4405278462107-FAQ">FAQ</a> - <a href="/privacy-policy">New Privacy Policy</a><br>Sound Planning Group CEO David Stryzewski discusses what the early success of Trump's social media platform says about investors' affinity for the 45th president on 'Varney & Co.'<br>President-elect Trump transferred almost all his shares in the parent company of Truth Social to the Donald J. Trump Revocable Trust, according to a <a href="https://www.foxnews.com/category/politics/finance/sec" target="_blank" rel="noopener">Securities and Exchange Commission</a> filing on Thursday. <br>Trump Media & Technology Group (TMTG) is the parent company of Truth Social, a social media app that positions itself as an alternative to mainstream apps like Instagram and X. <br>Since its listing, Trump Media has been popular with traders who viewed it as a speculative bet on Trump winning the Nov. 5 election. Trump has maintained up to 57% ownership of the company. In the lead up to the election, his stake was worth almost $4 billion.<br><span>President-elect Trump transferred almost all his shares in the parent company of Truth Social to the Donald J. Trump Revocable Trust, according to a Securities and Exchange Commission filing. </span><span> (REUTERS/Dado Ruvic/Illustration / Reuters Photos)</span><br><a href="https://www.foxnews.com/media/stephen-colbert-calls-abc-stupid-over-settlement-trump" target="_blank" rel="noopener"><strong><u>STEPHEN COLBERT CALLS ABC 'STUPID' OVER SETTLEMENT WITH TRUMP</u></strong></a><br>TMTG was founded in Feb. 2021 by Trump and Andy Dean Litinsky. The company started trading on the NASDAQ in March 2024. <br>CREW Vice President for Communications Jordan Libowitz bashed Trump's stock transferal decision, saying that there are still ethical concerns for the president-elect. <br>"Yes, he put it in a trust, but [he] basically did nothing to assuage any ethical fears," Libowitz told Politico. "This is like a head nod in the direction of ethics without taking an actual ethical step."<br><span>Truth Social's worth has soared in recent weeks as Nov. 5 nears. In October, the stock price rose almost 9% to $34.17.</span><span> (Allison Robbert/Pool via AP, File) / AP Newsroom)</span><br><a href="https://www.foxnews.com/politics/trump-musk-fire-back-after-dem-leader-blames-house-gop-breaking-bipartisan-agreement" target="_blank" rel="noopener"><strong><u>TRUMP, MUSK FIRE BACK AFTER DEM LEADER BLAMES HOUSE GOP FOR BREAKING BIPARTISAN AGREEMENT</u></strong></a><br>A spokesperson for the Trump-Vance transition team, Karoline Leavitt, told Politico that Trump "removed himself from his multi-billion-dollar real estate empire to run for office and forewent his government salary, becoming the first President to actually lose net worth while serving in the <a href="https://www.foxnews.com/category/politics/executive/white-house" target="_blank" rel="noopener">White House</a>."<br>Truth's Social worth soared in the weeks leading up to Election Day. In October, the stock price rose almost 9% to $34.17.<br>The Trump campaign did not immediately respond to a request for comment from <a href="https://www.foxnews.com/media" target="_blank" rel="noopener">Fox News Digital</a>. <br><i>Fox Business' Sarah Rumpf-Whitten contributed to this report. </i><br><a href="https://foxnews.onelink.me/xLDS?pid=AppArticleLink&af_dp=foxnewsaf%3A%2F%2F&af_web_dp=https%3A%2F%2Fwww.foxnews.com%2Fapps-products" target="_blank" rel="noopener"><strong><u>CLICK HERE TO GET THE FOX NEWS APP</u></strong></a><br><br>Get a brief on the top business stories of the week, plus CEO interviews, market updates, tech and money news that matters to you.<br>We've added you to our mailing list.<br>By clicking subscribe, you agree to the Fox News <a href="https://www.foxnews.com/privacy-policy" target="_blank">Privacy Policy</a> and <a href="https://www.foxnews.com/terms-of-use" target="_blank">Terms of Use</a>, and agree to receive content and promotional communications from Fox News. You understand that you can opt-out at any time. <br> Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by <a href="https://www.factset.com/">Factset</a>. Powered and implemented by <a href="https://www.factset.com/solutions/business-needs/digital-solutions">FactSet Digital Solutions</a>. <a href="https://www.factset.com/privacy">Legal Statement</a>. <br>This material may not be published, broadcast, rewritten, or redistributed. ©2024 FOX News Network, LLC. All rights reserved. <a href="https://help.foxbusiness.com/hc/en-us/sections/4405278462107-FAQ">FAQ</a> - <a href="/privacy-policy">New Privacy Policy</a><br><br><a href="https://news.google.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?oc=5">source</a>
