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    Trump Media plummets 10% as post-lockup selloff picks up steam

    • September 24, 2024
    • admin
    It seems like you’re referring to news about a decline in the stocks of a company related to Donald Trump. In such cases, the lock-up period typically refers to a predetermined amount of time following an initial public offering (IPO) where large shareholders, like company executives and investors, are prohibited from selling their shares. Once the lockup period ends, these shareholders can sell their stocks, potentially leading to a significant increase in the supply of shares available for sale. This can put downward pressure on the stock price. As an AI, I don’t have real-time stock market or business news updates, but this scenario can happen to any public companies. If Trump’s associated company’s stock is falling after the ending of a lock-up period, it could be due to various factors such as shareholders looking to cash out, causing increased selling pressure or an unfavorable change in investor sentiment towards the company. It might help you to take a look at financial news sources or a stock market app to get the most accurate and recent information.
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