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Truth Social cofounders sell $100 million of their shares in the company

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The sale follows the expiration of the company's lockup provision last week.

The sale follows the expiration of the company's lockup provision last week.Ukrainian President Volodymyr Zelenskyy met face-to-face with Donald Trump Friday with public tensions rising between the two over Ukraine's defense against Russia's invasion.'s cofounders has unloaded more than 7.5 million shares in Donald Trump's social media company, marking the first insider transaction since the company's lockup agreement expired last week.

Based on the company's current stock price, the 5.5% stake in the company was worth more than $100 million. In September, a Delaware judge ruled in favor of United Atlantic Ventures, clearing the way for it to eventually sell its shares.

 

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Truth Social cofounders sell $100 million of their shares in the companyThe sale follows the expiration of the company's lockup provision last week.
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Truth Social Cofounders Sell $100 Million Stake in CompanyTwo cofounders of Truth Social, Andy Litinsky and Wes Moss, have sold more than 7.5 million shares in the social media company through their investment firm, United Atlantic Ventures.
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