Saturday, September 28, 2024

Trump Media Co-founder Dumps More Than 7 Million Shares of Stock

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.

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Comments

From the cited article...

... Trump Media co-founder and former Apprentice' contestant ...

Hmmm... when a co-founder bails, something is not right.

#1 | Posted by LampLighter at 2024-09-28 01:38 PM

You gotta wonder what he was thinking in the first place...

#2 | Posted by Yodagirl at 2024-09-28 02:30 PM

The share price in DJT appears to be subject to market manipulation. The lockup period expires and insider trading drives down the share price. And then the price goes UP by more than 10%? Other than to buy shares to deliver at the expiration of options contracts the rise in price does not make sense, just as dramatic price increases in recent months on the heels of huge trade volume, far exceeding normal volume. Share price is still down about a third, this month.

The Dems up and down the ticket need to talk up the performance of the wider market and performance of DJT. Yes, the stock market is NOT the economy but the share price of individual companies is an indication of expectations for future performance and clearly the expectation is that DJT will be sucking more wind ...

#3 | Posted by catdog at 2024-09-28 03:49 PM

DJT down 75% since it's IPO went public.

Lots of manipulation going on.

Massive quarterly losses. Truth Social users going downhill like DJT's share price.

It's worthless to shareholders except those who want to prop it up for Trump's sake hoping for something in return if he's reelected. The rest are simple suckers.

#4 | Posted by AMERICANUNITY at 2024-09-28 05:02 PM

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