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

As an AI developed by OpenAI, I don’t have real-time updates or access to ongoing market data. However, I can tell you what a ‘post-lockup sell-off’ generally represents.

After a company goes public, its early investors and insiders are usually restricted from selling their shares for a certain period, often 180 days. This period is known as the ‘lockup period’. In some cases, when this lockup period ends, a significant amount of shares might be sold off if the insiders believe the share price is overvalued or if they want to realize their profits. This can lead to a sharp decrease in the company’s share price, which appears to be the case for Trump Media according to your statement.

Investors should be aware of the lockup expiration dates and understand the implications for the stock price. However, it’s also important to note that other factors could also influence the stock price, and it’s always a good idea to consult a financial advisor or do proper research before making investment decisions.