Trump Media stock plunges 8% as Trump's shares unlock, despite his refusal to sell.

From Yahoo Inc.: 2024-09-23 15:02:38

Trump Media & Technology Group stock is plummeting after the lockup period on Donald Trump’s shares came to an end, causing shares to fall 8% to $12.44 each. The company’s market capitalization dropped to $2.5 billion, a nearly 80% decrease from its peak after its Nasdaq debut. Despite speculation, Trump stated he has no plans to sell his stake in the company, citing his desire to maintain his voice. Holding 114.75 million shares, Trump’s refusal to divest poses a risk to Trump Media’s business. The stock has declined significantly in recent weeks, tied closely to Trump’s personal and political fortunes. With the presidential election on the horizon, the company’s success remains uncertain, with experts predicting potential zero stock value if Trump loses.



Read more at Yahoo Inc.: Trump Media stock sinks to another new low even as Donald Trump holds onto shares