Summary of A top DJT investor says it has sold most of its shares in Trump Media

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A top DJT investor says it has sold most of its shares in Trump Media

A top investor in Trump Media & Technology Group has shed most of its position in the Truth Social owner, according to a filing.

https://www.cbsnews.com/news/trump-djt-stock-investor-sold-7-million-shares-litinsky-uav/

United Atlantic Ventures, a major investor in Trump Media & Technology Group, has sold over 7.5 million shares in Truth Social, according to a regulatory filing. The company, founded by two former 'Apprentice' contestants, had received 8.6 million shares as part of their initial deal with Trump. The sale comes after the expiration of a lock-up period, and the shares have since dropped in value, with the stock losing 82% since its debut.

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Published at

2024-09-26 21:45:16

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