Trump on Friday, said He "is not going to sell" His Shares in the Parent Company of Truth Social.
Trump is just days away from the Expiration of a "Lockup" Provision on the Shares, which was put in Place when it went Public back in March.
Shares of Trump Media & Technology Group (TMTG) Stock (DJT) jumped around 28% on His Comments, which were made during a Press Conference in California.
DJT Stock Opened Today down more than 75% since right before the Company went Public in March, via a Reverse Merger with a Blank-Check Company.
Trump holds nearly 115 million Shares, which were valued at around $1.85 billion as of Market Open. At one point His Stake was worth around $6 billion, and that was before He was granted additional Shares.
TMTG, Truth Social's Owner, had struggled Financially, continuing to Lose Money, and Generating less than $1 million in Second-Quarter Revenue.
NYC Wins When Everyone Can Vote! Michael H. Drucker
No comments:
Post a Comment