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

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.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Truth Social cofounders sell $100 million of their shares in the companyThe sale follows the expiration of the company's lockup provision last week.
Source: ABC - 🏆 471. / 51 Read more »

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.
Source: ABC7 - 🏆 67. / 68 Read more »