Reported 23 days ago
Trump Media & Technology Group Corp. is experiencing a significant valuation decline nearing $4 billion, largely due to upcoming lockup agreement expirations that have shareholders anticipating potential sell-offs. The company, which operates the Truth Social platform, has seen a staggering $6 billion decrease in value over just four months, and its stock has dropped from $40.58 to $17.97. Despite Donald Trump owning around 60% of the company and stating he won't sell his shares, investor sentiment remains cautious as the end of the lockup period approaches.
Source: YAHOO