Reported about 2 months ago
Donald Trump is set to gain the ability to sell over $2 billion in shares from his media company, Truth Social, as the lockup period expires on Sept. 20. This move could significantly impact the stock price, which has faced volatility recently. While the company’s shares have declined approximately 70% since their peak in March, Trump's decision to offload could be motivated by mounting legal costs and campaign funding needs. The market is closely watching how this will affect Trump Media's stock, especially with the political landscape shifting.
Source: YAHOO