As the expiration of insider selling restrictions approaches, Trump Media & Technology Group faces potential market volatility. Former U.S. President Donald Trump has publicly stated he will not sell his $1.7 billion stake in the company, which he controls with a 57% ownership share.
Despite Trump’s reassurances, other insiders may take advantage of the lifting restrictions to liquidate their investments. Key stakeholders, including United Atlantic Ventures and Patrick Orlando, are in a position to sell their combined 11% stake in Trump Media. Orlando’s fund, ARC Global Investments II, was instrumental in the March merger that formed the company.
With insiders potentially poised to cash in, market observers are closely monitoring how these developments will impact Trump Media’s stock performance.
Related topics:
Huawei’s $2,800 Phone Launch Falls Short Amid Supply Issues
Amazon Faces Lawsuit Over Alleged Deceptive Pricing Tactics for Fire TVs
Sony Celebrates 30 Years of PlayStation with Limited-Edition Gray PS5 and PS5 Pro