Trump Media Shares Hit Record Low as Insider Selling Curbs Expire

The stock of Donald Trump's media company has plummeted amid a wave of insider sales, despite Trump's assurance he won't sell his stake.

Shares of Trump Media & Technology Group have tumbled over 80% since their peak, closing at $12.15 on Monday.
The company's market capitalization has dropped from nearly $10 billion to approximately $2.5 billion.
The decline accelerated after the expiration of a six-month lockup period, allowing insiders to sell their shares.
Donald Trump, who owns nearly 57% of the company, has stated he has no intention of selling his shares.
The company's financial performance remains weak, with significant losses and minimal revenue reported in recent quarters.