"Trump Media's Stock Plummets as Company Announces Massive Share Sale Plan"
TL;DR Summary
Shares of Trump Media & Technology Group dropped 12% after revealing plans to sell millions of additional shares, including those owned by Donald Trump himself. The company's stock has fallen 60% since its market debut, and Trump is subject to a lockup agreement preventing him from selling his shares until September. As Trump faces a criminal trial in Manhattan, the company offers a potential source of income to help pay off his significant debts. Democratic groups have called for an investigation into Trump Media amid reports of insider trading and financial ties to a Russian-American businessman under federal investigation.
- Trump Media shares tank after company reveals plan to sell more stock The Guardian
- Trump stock tanks after announcing massive share sale CNN
- Trump Media shares plunge after company files to issue more DJT stock CNBC
- Appeals court rejects Donald Trump's latest attempt to delay April 15 hush money criminal trial The Associated Press
- Trump Media Share Price Drops Sharply The New York Times
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