Trump Media's Stock Fell 54%. Here's What Its Technology Chief's Latest Filing Signals
Trump Media's CTO Vladimir Novachki sold 29,957 shares in an automatic tax withholding transaction tied to restricted stock unit vesting, reducing his direct holdings by 3%. The sale reflects no strategic decision by the executive. Trump Media's stock has declined 54% over the past year, with the company posting a $238 million loss last quarter, primarily from paper losses on its cryptocurrency holdings. The company's core Truth Social platform generated only $1.7 million in Q2 revenue, while the company's focus has shifted toward its Bitcoin treasury and a pending acquisition of nuclear fusion developer TAE Technologies.