Reported 8 days ago
ARC Global Investments, a major shareholder in Trump Media, has sold nearly all of its stake according to a recent regulatory filing, reducing its ownership from over 5% to about 0.01%. This comes after legal rulings related to stock agreements and follows the departure of Patrick Orlando, former CEO of the company that facilitated Trump Media's public launch. U.S. President-elect Donald Trump retains a significant shareholding in Trump Media.
Source: YAHOO