It seems when the ‘board’ consists of your kids and a handful of acolytes, it’s easy to get approval to flout the rules. The grifts aren’t even being done behind a screen anymore; I guess the “shooting someone in the middle of Fifth Avenue” theory has proven itself nicely.
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Trump Media & Technology Group shares plummeted more than 18% Monday after the company took steps to sell millions of additional shares.

Trump Media, the parent company of social media platform Truth Social, filed to register up to 146.1 million shares for sale, including nearly 115 million owned by Trump. The company also listed the potential sale of another 21.5 million shares linked to warrants – contracts that give investors the right to buy or sell a stock at a specific price within a certain time frame.

Filing shares for resale is standard among companies that have recently gone public via a merger with a Special Purpose Acquisition Company (SPAC), as Trump Media did last month after merging with Digital World Acquisition Corp. But making more shares available for purchase could curb the value of existing shareholder's stake in the company, which meant the already-volatile stock saw another big swing on Monday.