Trump is the biggest shareholder of Trump Media and Technology Group. But he has been unable to sell his 114 million shares because of a standard lockup agreement that began when Trump’s company first went public through a merger in March and does not end until later this month, securities filings show.
In those six months, Trump Media’s stock has plummeted almost 70 percent to about $17 — an all-time low since the merger was approved. At that price, Trump’s roughly 60 percent stake in the company would be valued around $2 billion, more than $4 billion less than when the company publicly debuted.
In those six months, Trump Media’s stock has plummeted almost 70 percent to about $17 — an all-time low since the merger was approved. At that price, Trump’s roughly 60 percent stake in the company would be valued around $2 billion, more than $4 billion less than when the company publicly debuted.
