Trump, a main draw for Truth Social users and many retail investors in the company, said earlier in September that he will not sell his stake. The stock price briefly shot up after his remarks.

Other early investors have made no such promises. They include ARC Global, a sponsor of the blank-check firm that took Trump Media public, and United Atlantic Ventures, an entity controlled by two former contestants on Trump’s reality show “The Apprentice.”

I believe it’s not only that these investors made no promises not to sell, but that several of them specifically expressed that they would be selling as soon as they were legally allowed to do so.

It’s hard to accurately value Truth Social. But I think if Trump were to leave the platform, its value would go to zero, and that makes it very risky. I just saw a price of 12.74. I wouldn’t be surprised if it’s still quite overvalued, and so it makes sense for those investors to try to sell at this price.

Trump and other company insiders were bound by lockup agreements that barred them from selling their shares in the initial months after Trump Media went public.

Those restrictions expired at the closing bell Thursday.

I bet he won’t sell on Friday, which will lead to people having faith that Trump will stand by his word for once, the stock will go up a little, Monday he sells it all.

Worthless stick still worth more than $0.

Actually closed higher than open today (9-24) which is the first time in a LONG time.

It’s CLEARLY a way for foreign governments and billionaire supporters to funnel $$$ to trump without the pesky election laws getting in the way.

Trading volume accelerated significantly as the lockup lifted. More than 14 million shares changed hands on Thursday and nearly 22 million were exchanged Friday, far exceeding the 30-day average volume of about 8.3 million shares.

And he wants people to trust him with fucking crypto can you imagine?

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