Donald Trump and Truth Social: Major Share Sale Raises Questions
Thursday, 26 September 2024, 21:42
Impact of the Share Sale on Truth Social
In a surprising move, an investor associated with Trump Media & Technology Group has divested more than 7.5 million shares linked to Truth Social. This action comes amid ongoing discussions about the platform's growth and its future in the tech environment.
Key Investor Details
- Investor: United Atlantic Ventures
- Total Shares Sold: 7.525 million
- Percentage of Total Outstanding Shares: Approximately 4%
Trump himself remains a pivotal figure, owning around 60% of the company's stock. These transactions potentially impact both investor confidence and public perception of Truth Social.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.