Trump Media co-founder and former ‘Apprentice’ contestant dumps about $100 million worth of stock
CNN
A major Trump Media shareholder and former contestant on “The Apprentice” has unloaded almost his entire stake in former President Donald Trump’s social media company. Although the stock price has been volatile, that stake is worth roughly $100 million at current prices.
A major Trump Media shareholder and former contestant on “The Apprentice” has unloaded almost his entire stake in former President Donald Trump’s social media company. Although the stock price has been volatile, that stake is worth roughly $100 million at current prices. United Atlantic Ventures, managed by Trump Media & Technology Group co-founder Andy Litinsky, now owns just 100 shares in the company, according to regulatory filings released on Thursday. That is down from just over 7.5 million shares that the firm owned as of late March. An attorney for United Atlantic Ventures did not immediately respond to a request for comment. The share sale is not shocking given that Litinsky and Trump Media have been mired in a legal battle over the shares. Litinsky was a contestant on Trump’s NBC show “The Apprentice,” which helped burnish Trump’s persona as a successful businessman. Insiders were prohibited from selling shares in Truth Social owner Trump Media by lock-up restrictions, which appear to have lifted.
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