Trump Media skids to new low on the first day the former president can sell his shares

Shares of Trump Media & Technology Group slumped to their lowest level ever Friday, the first trading day that its biggest shareholder, former President Donald Trump, is free to sell his stake in the company behind the Truth Social platform. Shares of Trump Media, commonly called TMTG, tumbled almost 8% to close at $13.55, putting the value of the company at less than $3 billion. Trump owns more than half of it. Trump and other insiders in the...