Trump Puts $4 Billion in Shares of His Media Company in a Trust

President-elect Donald J. Trump transferred all of his shares in the social media company that bears his name to a trust controlled by his eldest son, according to a regulatory filing. The filing with the Securities and Exchange Commission said Mr. Trump had moved his roughly 115 million shares in Trump Media & Technology Group, the parent company of Truth Social, to the trust. He did not sell the shares or receive any financial consideration for the transfer, which was described as a gift to the Donald J. Trump Revocable Trust. Mr. Trump is the largest shareholder of Trump Media & Technology Group, and his nearly 53 percent stake is worth about $4 billion. Trump Media, which is losing money, has taken in just a few million dollars in revenue. Mr. Trump’s ownership was one of his most valuable assets based on Trump Media’s market valuation.