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Trump Media Stock Has Dropped 50% Since It Began Trading, Cutting Value of Trump’s Stake by About $2.6 Billion
Trump Media & Technology Group stock has fallen about 50% from highs two weeks ago.
Trump and other company executives are subject to a “lock-up” period preventing them from selling the stock for at least six months. Last week, IAC chairman Barry Diller told CNBC that Trump Media is a “scam” and people buying it are “dopes.” TMTG’s mission, per its description of itself, is “to end Big Tech’s assault on free speech by opening up the Internet and giving people their voices back.
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