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		</div><p>Shares of Trump Media and Technology Group slid in midday trading on Friday after US President-elect Donald Trump transferred all his shares into a revocable trust, according to a regulatory filing.</p>
<p>Mr Trump transferred all of his nearly 115 million shares — worth around four billion dollars (£3.2 billion) on paper — in the parent company of social networking site Truth Social as a “bona fide gift” to the Donald J Trump Revocable Trust, the Securities and Exchange Commission filing on on Thursday said.</p>
<p>Mr Trump’s shares amount to more than half of the company’s stock.</p>
<p>It is not clear why Mr Trump transferred the stock. Donald Trump Jr is the sole trustee and has sole voting and investment power over all securities owned by the trust.</p>
<p>Trump Media shares were down about 2% at midday, to 34.68 dollars each. At one point on Friday, they were down around 6%.</p>
<p>Trump Media shares have been volatile since the company began trading in March.</p>
<p>They reached intraday highs close to 80 dollars (£63.70) on the first day of trading, then slumped to all-time lows in September when Mr Trump and other insiders were finally allowed to sell shares after standard lock-up agreements expired. Mr Trump has not sold any shares in the company.</p>
<p>The company’s stock price has fluctuated wildly on news — good and bad — related to Mr Trump. They tumbled after Mr Trump’s conviction in a hush money trial in May, then surged after the first assassination attempt on him in July.</p>
<p>They surged again after he won re-election in November, even as the company reported a 19.2 million-dollar (£15.29 million) third-quarter loss.</p>
<p>Mr Trump created Trump Media after he was banned from Twitter and Facebook following the January 6 2021 Capitol riot.</p>
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