United Atlantic Ventures, founded by ex-'Apprentice' contestants, sold a significant portion of their stake in Trump Media & Technology Group, raising questions about investor confidence.
After the lockup period ended, United Atlantic Ventures sold roughly 7.5 million shares of Trump Media, with trading activity noticeably increasing but stock prices declining.
The stock price for Trump Media has dropped 78% since its merger with a SPAC, representing a substantial loss in value for both the company and its investors.
Andy Litinsky and Wes Moss, who directly approached Trump to launch his social media platform Truth Social, reflect the intertwining of business ventures with their reality TV origins.
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