Trump's social network will go public starting Tuesday. Trump would own nearly 80 million shares in Trump Media, or about 58% of the company.
Trump Media has lost millions while posting less than $3.5 million in revenue through the first nine months of 2023. On Monday, a New York appeals court reduced the $454 million bail against Trump for tax fraud: reduces it to $175 million and gives more time to pay it. If Trump obtains permission and, in turn, sells shares, the company – and himself – could be exposed to legal challenges.