Trump Media & Technology Group Corp.’s stock fell about 6% in premarket trading on Friday after Donald J. Trump transferred his entire $4 billion stake in the company into a revocable trust, according to filings.

Worse, the company is living hand-to-mouth because of the minuscule revenues, large negative earnings, and high cash outflow. As a result, it has had to resort to selling new shares of stock to raise cash. (In the third quarter it sold 17 million shares in order to raise $339 million.)

Trump Media & Technology shares fell 2.2% Friday after a securities filing showed the president-elect had moved his entire stake into a trust. Donald Trump transferred all 114.75 milli