Former President Donald Trump is now expected to be able to start selling his nearly $2 billion stake in the company.
Trump, the Republican presidential nominee, owns nearly 57% of DJT's outstanding shares. That stake at Thursday's closing price was worth nearly $1.7 billion — almost half of Trump's estimated on-paper, have been barred from selling their shares under a lockup agreement that took effect when the company went public following a merger with a blank-check firm in late March.
After soaring in its public trading debut, Trump Media has suffered a monthslong stock slump that has coincided with Trump's tumultuous presidential campaign against Democratic nomineeThe decline has shaved billions of dollars off Trump Media's market value, bringing it closer in line with what some analysts say the company is actually worth.show it has lost around $344 million on revenue of less than $2 million in the first half of the year.
After Trump narrowly survived an assassination attempt at a campaign rally in July, Trump Media shares skyrocketed. But the stock began to fall later that month, around the time Harris replaced Presidentpresidential debate
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Fonte: MSNBC - 🏆 469. / 51 Consulte Mais informação »