Trump Media and Technology Group Corp. has mutually resolved all legal claims with Patrick Orlando and ARC Global Investments II LLC through a confidential settlement agreement. The resolution covers disputes between and among the individuals and entities involved, including Trump Media. The agreement was announced on July 19, 2026.

Trump Media operates the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi. The company's mission is to end Big Tech's assault on free speech by providing alternative platforms for expression and investment.

Key Parties Involved

The terms of the confidential settlement agreement were not disclosed. The resolution marks the end of legal proceedings among the named parties.

President Donald Trump’s largest publicly traded investment has suffered a significant decline in 2026, with shares of Trump Media & Technology Group Inc. plunging nearly 49% year-to-date. The stock, which began the year at $13.77, fell to $7.09 during Friday intraday trading, translating into an estimated paper loss of roughly $766 million for Trump. He remains the beneficial owner of approximately 114.7 million shares through the Donald J. Trump Revocable Trust, which holds about 52% of the company. His eldest son, Donald Trump Jr., serves as trustee and exercises voting and investment authority over the shares.

Trump’s Billion-Dollar Stake Shrinks

At the Jan. 2 closing price of $13.77, Trump’s stake was valued at approximately $1.58 billion. With the stock now trading at $7.09, that holding is worth about $813 million. While these losses remain unrealized unless shares are sold, the decline has erased roughly three-quarters of a billion dollars from the value of Trump’s publicly disclosed stake this year. The company’s ownership structure has evolved since its public listing in 2024, with Trump’s ownership diluting from roughly 57% to about 52%, though he remains the largest shareholder.

Market Value and Technical Indicators

The stock’s decline has significantly impacted the company’s overall valuation. With approximately 276.95 million shares outstanding, Trump Media’s market capitalization has fallen from about $3.81 billion at the beginning of the year to roughly $1.96 billion, wiping out nearly $1.85 billion in shareholder value. The public float stands at about 159.58 million shares. Technical indicators remain weak, with the stock trading below its eight-day, 20-day, 50-day, and 200-day simple moving averages at $7.80, $8.23, $8.70, and $11.88, respectively. The Relative Strength Index (RSI) hovers near 35, suggesting the stock is approaching oversold territory, while the Moving Average Convergence Divergence (MACD) remains below its signal line, indicating bearish momentum.

Financial Performance Context

The share price decline follows substantial reported losses. Trump Media reported a net loss of $405.9 million for the first quarter of 2026, compounding a full-year 2025 net loss of $712 million. A significant portion of the 2025 losses stemmed from unrealized declines tied to cryptocurrency, digital assets, and equity securities. Despite a market capitalization near $2 billion, the company’s core business remains modest, with advertising on Truth Social generating only $3.7 million in revenue during 2025.