Reported 15 days ago
Shares of Trump Media & Technology Group (DJT) fell over 6% to their lowest since the company's public listing in March, following the expiration of a six-month lockup period for stakeholders, including former President Donald Trump. While Trump affirmed he would not sell his shares, the stock has now decreased around 15% since the lockup ended. Trump maintains a 60% stake, valued at approximately $1.5 billion, down from over $4.5 billion at the company’s debut. The stock's volatile performance is linked to political events and the company’s financial struggles, including a recent net loss of $16.4 million.
Source: YAHOO