The stock price for Donald Trump’s social media company is sliding again.
Former President Donald Trump arrives at court for the start of jury selection in his historic hush money trial, Monday, April 15, 2024 in New York. – The stock price for Donald Trump's social media company slid again Monday, pushing it nearly 60% below its peak set late last month.Part of the decline may be due to criticism that the stock price had zoomed way past what skeptics said theis worth, particularly one with tough odds for success.
The filing also includes all the shares held by the former president. Trump, though, remains under a “lock-up” deal thathis shares for another roughly five months. His son, Donald Trump Jr., who is a director on the board, and CEO Devin Nunes, are also bound by the lock-up. The filing does not necessarily mean any investors are planning to sell their shares, Sarasota, Florida-based Trump Media & Technology Group said in a statement.
S-1 filings are typically filed quickly after a SPAC deal closes, usually within 15 or 30 days, said Kristi Marvin, founder of SPACInsider.com, which specializes in SPAC deals.
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