Trump Media shares sink more than 6% two days before merger ‘lockup' period ends

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Former President Donald Trump on Friday said he will not sell his stake in Trump Media, which owns the Republican’s preferred social media app, Truth…

Shares of Trump Media closed down 6.6% on Tuesday, 48 hours before the end of restrictions barring its majority shareholder, Donald Trump, and other company insiders from selling their stakes.As of Tuesday's close, Trump's stock was worth more than $1.8 billion.

Stock futures are little changed as Wall Street anticipates a long-awaited Fed rate cut: Live updateson Sunday opened fire on a man with a semiautomatic rifle hiding on the perimeter of Trump's Florida golf club, where theThe effect on Trump Media stock of the weekend threat to Trump was the opposite of how shares responded to theTrump Media's slide on Tuesday, which accelerated shortly after 3 p.m.

 

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