The former president has vowed not to sell his stake.
Topline
Shares of Trump Media & Technology Group fell more than 5% in premarket trading on Friday, after a ban preventing former President Donald Trump from selling shares in the Truth Social parent firm expired, even as Trump said he would not sell his stake.Key Facts
Trump Media shares dropped below $14 as of 9:15 a.m., following another dip to a third-straight record low after closing down nearly 6%.
A lockup period prohibiting Trump from offloading any of his roughly 60% stake in the company ended on Thursday, after the stock met a requirement of closing above $12 per share for at least 20 out of 30 trading sessions beginning Aug.
