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Trump Media’s $5.3 billion selloff deepens as 270% rally fizzles

IndiaTimes Tuesday, 16 April 2024 ()
Trump Media & Technology Group Corp, the company that owns Truth Social, has submitted a registration statement for its shares, including those associated with warrants. This action could potentially accelerate insider sales, which are currently restricted until September. Following the announcement, the company's stock experienced a significant decline of 18%, closing at $26.61. Despite this setback, the stock still maintains a year-to-date gain of 52%.
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Video Credit: FanReviews - Published
News video: Analysts Issue Dire Warnings as Trump Media Faces $7.2 Billion Decline

Analysts Issue Dire Warnings as Trump Media Faces $7.2 Billion Decline 00:40

Welcome to Fan Reviews News. We have some breaking news about Trump Media, the publicly traded media company founded by former President Donald Trump. It seems that the stock is taking a nosedive, and financial experts are sounding the alarm bells. Financial experts, including Dan Alexander, predict...

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