Reported about 1 month ago
Former President Donald Trump is poised to sell his substantial stake in Trump Media & Technology Group by the end of September, which could drastically affect its stock value. Owning over 114 million shares valued at approximately $2.5 billion, Trump has faced restrictions due to a lockup agreement. If he sells, experts fear it may lead to a stock price drop, as Trump's reputation—and thus the company’s performance—has diminished amid ongoing political challenges. The possible sale raises concerns over flooded market conditions and its financial viability.
Source: YAHOO