Shares of Trump Media, the maker of Truth Social, have dropped to their lowest price in over a year. The stock has fallen more than 80% since its public debut in March, with the company’s market capitalization shrinking to about $2.5 billion. Trump and other insiders are now allowed to sell their stakes in the company after lockup agreements expired. Trading volume has surged since the restrictions lifted. Trump has stated he will not sell his stake, but other early investors have not made similar promises. This is a developing story, so stay tuned for updates.
source
Discover more from GLOBALMALAYALAM.NEWS
Subscribe to get the latest posts sent to your email.
