From the Editor's Desk

Trump Media nosedives to record low on the first day Trump and other insiders can sell their shares - Fortune (No paywall)

The stock’s lackluster performance comes as major indexes pared back gains after skyrocketing on Thursday following the Federal Reserve’s rate cut announcement. Both the S&P 500 and Dow hit all-time highs Thursday on the news. Both indexes, along with the Nasdaq, were down less than 1% on Friday. 

It’s unclear if any insiders have sold any of their shares, but Trump in particular has a lot to gain from selling. The former president owns about 57% of the company, or just under 115 million shares. Trump’s stake was worth about $1.6 billion on Friday and selling any of it could bring him a major windfall. 

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