The executives at Trump Media & Technology Group have started selling their shares, notably CFO Juhan Phillip who sold $1.9 million worth, reflecting growing concern over valuation.
With the six-month lockup period ending soon, Trump is poised to offload his 114 million shares, potentially earning him upwards of $2 billion, but risking further share price declines.
Despite once being valued at nearly $8 billion, TMTG's value has plummeted over 50%, burdened by massive net losses and minimal revenue, signaling significant financial instability.
The company's ongoing losses and overvaluation suggest that Truth Social is more a financial maneuver by Trump rather than a sustainable business model, raising questions about its future.
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