Trump Media Shares Drop 12% as Company Plans Stock Sale While Ex-President Faces Financial and Legal Troubles
• Shares of Trump's social media company, Trump Media & Technology Group, dropped 12% on Monday after the company said it may sell more stock soon • The filing showed the potential sale of over 146 million additional shares, including 114.8 million shares owned by Trump himself • Trump is subject to a lockup agreement preventing him from selling his personal shares until September 2022 • Trump Media shares have fallen 60% since debuting on March 26th, tied to Trump's personal wealth as the presumed 2024 Republican nominee • Trump faces his criminal trial related to hush-money payments as his company's stock dips, putting him under financial pressure with $500 million in debts