$Trump Media & Technology(DJT)$ goes down recently but still faces a ‘race to the bottom’ as lockup period nears end.
Until this week, the former president and early investors have been prohibited from selling their shares under a “lockup agreement” since the company's March merger and public trading debut.
Trump on Friday said he will not sell his 114,750,000 shares of the Truth Social owner.
Shares rose as much as 25% after Trump’s announcement, and closed up 11% on Friday. But Trump Media’s losses so far this week have erased those gains.
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