Ex-Trump Media Execs File to Have Their Six-Month Share Lockup Dropped
Two co-founders and former executives at Truth Social, the social media company launched and kept afloat by Donald Trump’s daily rants, have amended a lawsuit as they seek the ability sell off their shares in Trump Media ahead of a six-month lockout that was placed on them.
Trump Media, which went public last month, has been plummeting in value since it was revealed the company operated at a $58 million loss in 2023. As of Tuesday afternoon, it was worth $2.8 billion less than it was at its initial public offering on March 26.