Donald Trump and Other Insiders Can Sell Shares of DJT Now, Just as Stocks Hit Record Low

Breaking News: SEC Changes Policy on Trump Media & Technology Group

Former President Donald Trump and other insiders at his media company will be able to sell millions of dollars worth of shares, even though the company's stock has plunged in value since it started trading last year.

SEC Approves Trump Media & Technology Share Sales

The Securities and Exchange Commission (SEC) approved the sales this week, reversing a previous decision that had barred insiders from selling their shares for six months after the company went public.

SEC: No Evidence of Manipulation

The SEC said it found no evidence that Trump or other insiders had engaged in any misconduct that would justify continuing the sales ban.

Trump Media & Technology Stock Plummets

Trump Media & Technology's stock hit a new low this week, trading at around $1.50 per share. The stock has lost more than 80% of its value since it began trading last February.

Company Faces Financial Challenges

Trump Media & Technology has been struggling financially, reporting losses in each of its first two quarters as a public company. The company is facing competition from other social media platforms, including Truth Social, which Trump launched last year.

SEC Reversal Raises Concerns

Some experts have raised concerns about the SEC's decision to allow Trump and other insiders to sell their shares. They argue that the move could allow them to profit from the company's stock while leaving other investors holding the bag.

Potential for Market Manipulation?

Critics worry that the sales could lead to market manipulation, as insiders may try to sell their shares before the stock price falls even further.

Conclusion:

The SEC's decision to allow Trump and other insiders to sell their shares of Trump Media & Technology is a significant development. It remains to be seen whether the sales will have a major impact on the company's stock price or the broader market.