Trump Media & Technology Group Corp. has lost nearly $6 billion in value since March, with Trump's 60% stake now worth about $2.1 billion.
Paul Karger noted the trend of former SPACs shows significant drops in stock prices, with insiders often wanting to sell at prices that continue to decline.
The upcoming expiration of the lockup agreement on Sept. 19 raises concerns about mass selling from insiders like Andy Litinsky, Wes Moss, and Patrick Orlando.
Despite the significant loss of paper wealth, former President Trump claims he has no plans to sell off his shares in the company.
Collection
[
|
...
]