Trump Media Stock Plummets Ahead of Potential Sell-Off

Former President Donald Trump's media company sees significant decline in value as stock lockup period nears end.

Trump Media's stock has fallen by over 70% since its peak in March, wiping out billions in value.
The stock's current price is around $17, down from its high of $79 earlier this year.
Trump owns about 60% of the company's shares, with the lockup period ending on September 19.
Market analysts attribute the decline to Trump's reduced polling performance and competition from other social media platforms.
The company's financial struggles include significant quarterly losses and minimal revenue generation.