The Nasdaq Market site is seen on the day that shares of Truth Social and Trump Media & Technology Group start trading under the ticker "DJT", in New York City, U.S., March 26, 2024. REUTERS/Shannon Stapleton/File Photo
(Corrects company name in headline to 'Truth Social' from 'Truth Media')
(Reuters) - Trump Media & Technology Group filed papers with the U.S. Securities and Exchange Commission on Wednesday that would allow President Donald Trump's trust to sell stock that could be worth $2.3 billion, Axios reported.
Shares of Trump Media, which operates Trump's Truth Social media platform, were down about 7% in premarket trading on Wednesday.
(Reporting by Brendan O'Brien; additional reporting by Deborah Sophia; editing by Susan Heavey)
