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Norbert

(7,854 posts)
Fri Sep 27, 2024, 07:17 PM Sep 2024

SELL! SELL! SELL!

Trump Media co-founders unload nearly all their DJT stock worth $100 million

The co-founders of Trump Media & Tech Group – the alleged brains behind Donald Trump’s Truth Social platform – have sold almost all their stock in the company, worth a reported $100m.

According to a regulatory filing, United Atlantic Ventures has disposed of nearly all its 5.5 percent stake in Trump Media – traded under the ticker DJT – which owns Donald Trump’s Truth Social platform.

United Atlantic Ventures is an investment firm owned by Andrew Litinsky and Wesley Moss, who were also former contestants on series two of The Apprentice.

The duo sold most of their stake in the company after a lockup agreement that stopped large investors, including the former president, from selling any shares ended on September 19...


It's been eight days. What took them so long?

https://www.msn.com/en-us/money/savingandinvesting/trump-media-co-founders-unload-nearly-all-their-djt-stock-worth-100-million/ar-AA1rkkh0?ocid=anaheim-ntp-feeds&pc=HCTS&cvid=4fb586399e834149a1a87271d19e442e&ei=25
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WarGamer

(18,863 posts)
5. it all makes sense... price goes down when more sellers than buyers...
Fri Sep 27, 2024, 07:54 PM
Sep 2024

Then buyers step in when they feel they can make a profit.

This company is worthless UNLESS Trump wins... then it will soar to 100+ per share as it's just a slush fund for Trump.

Valuation means nothing. It's a meme stock.

keithbvadu2

(40,915 posts)
3. MAGAts, BUY! BUY! BUY! Put your life savings into it. Trump will bring it back up in price.
Fri Sep 27, 2024, 07:30 PM
Sep 2024

T-r-u-s-t me.

Liberals, stand by and stand back.

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