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Topline Shares of Trump Media closed at a new record low Wednesday ahead of its lockup period expiring tomorrow, allowing former President Donald Trump and major other shareholders to sell their stakes—though he’s vowed not to sell his shares in the Truth Social parent. Key Facts Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you'll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here .
Surprising Fact Big Number 80.2%. That’s how much the value of Trump Media shares has decreased since hitting a record high of $79.
38 on March 25. Tangent A Delaware court ruled in favor of an early Trump Media investor Tuesday, indicating the company had breached a contract with Patrick Orlando. Orlando was awarded about 800,000 more shares of the company as part of the ruling, which sent Trump Media shares down 6.
6%. Key Background Since going public through a reverse merger with a special purpose company in March, some shareholders have been prohibited from selling their shares in a lockup period. The earliest possible date for the period ending was set for Sept.
19, if Trump Media’s share price remained above $12. The stock has been volatile in recent weeks and continues to fall in value since reaching a near $10 billion valuation in May. Trump Media shares have both surged and fallen during Trump’s campaign, jumping as much as 13% after he debated President Joe Biden and declining 10% after debating Harris.
Forbes Valuation Trump has a net worth of $3.9 billion, according to our latest estimates. His net worth swelled to over $8 billion from about $4.
1 billion when Trump Media went public. Further Reading.
