Trump Media Stock Hits Record Low as Insider Lock-Up Period Ends

Former President Donald Trump vows not to sell his shares, but other insiders may offload their stakes, impacting the stock's value.

Shares of Trump Media & Technology Group plummeted nearly 8% to $13.55, marking the lowest level since its IPO in March.
The expiration of the lock-up period allows major shareholders, including Trump, to sell their stakes, causing market volatility.
Trump, who owns 57% of the company, has stated he has no intention of selling his shares despite the financial pressures.
The stock has seen a significant decline, down about 80% from its peak in April, influenced by Trump's political fortunes and market speculation.
Trump Media has been struggling financially, with substantial losses and minimal revenue, raising questions about its long-term viability.