With its stock in sharp decline, Trump’s media company will buy $400 million of its own shares
June 23, 2025
President Donald Trump’s media company plans to buy back up to $400 million of its stock, which have lost 46% of their value this year. Trump Media and Technology Group, which operates the Truth Social media platform, said Monday that the acquisition will improve financial flexibility. Companies can drive their stock higher by acquiring or removing the number of company shares outstanding. Shares of Trump Media rose just over 2% Monday. But the shares appeared to peak about a month after the company went public in late March. Shares have been on a steady, downward trajectory since.
