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Fortune

Marco Quiroz-Gutierrez

Trump Media nosedives to record low on the first day Trump and other insiders can sell their shares

Trump Media Donald Trump Kamala Harris

(Credit: Justin Sullivan—Getty Images)

Trump Media stock plummeted Friday after company insiders, including former president Donald Trump, got the green light to begin selling shares.

Shares for the owner of Trump’s Truth Social fell as much as 8% to $13.50 on Friday morning before a slight recovery. Shares were trading down just under 4.5% at $14.05 as of publication.

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