Three top executives at Trump Media sold a combined $16 million in stock after the presidential election, according to SEC filings and a report from CNBC.
The sales were made by CFO Allen Weisselberg, executive vice president Michael Cohen, and senior vice president Jason Greenblatt.
The sales come as social media companies face increasing scrutiny from regulators and lawmakers over their handling of political content.
It is unclear why the executives sold their stock after the election. However, the sales could be seen as a sign that they are concerned about the future of Trump Media.
Trump Media is a social media company that was founded by former President Donald Trump. The company has been criticized for its lack of moderation, which has allowed hate speech and misinformation to spread on the platform.
In recent months, Trump Media has been under fire from regulators and lawmakers. The company has been fined by the Federal Trade Commission for deceptive marketing practices, and it is facing a lawsuit from the New York Attorney General over its handling of user data.
The sales by the three executives could be a sign that they are concerned about the future of Trump Media. The company is facing increasing scrutiny from regulators and lawmakers, and it is unclear whether it will be able to survive in the long term.
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