The group who owns the Truth Social platform says articles about the company published by Axios and The Financial Times were filled with false assertions that damaged its stock price.

(Reuters) -Shares of Truth Media & Technology Group, the parent company of President Donald Trump's Truth Social platform, plunged more than 6.5% on Wednesday after the company filed papers that would allow the president's trust to sell a large number of shares.

President Trump's social media company on Wednesday filed papers with securities regulators that would allow Trump's trust to sell almost 115 million shares of the company's stock. Why it matters: Truth Social may be hoping for a halo from Newsmax,