The drop from millions to hundreds in United Atlantic Ventures' investment in Trump Media.
Reading
A Florida company sold almost all of its shares in Trump Media & Technology Group. Trump Media owns the Truth Social platform, which was started by former president Donald Trump. The Florida company, called United Atlantic Ventures, used to own over 7 million shares but now only owns 100.
United Atlantic Ventures is owned by Andrew Litinsky and Wesley Moss. They were both on the TV show \"The Apprentice\" with Donald Trump. Litinsky and Moss also helped Trump Media become a public company, which means people can buy and sell its shares.
Lawyers for Trump Media said that Litinsky and Moss did not deserve to have shares in the company. They claimed that Litinsky and Moss did not manage the company well. However, a judge in Delaware decided that United Atlantic Ventures could sell its shares in Trump Media.
The judge made this decision after United Atlantic Ventures filed a lawsuit against Odyssey Transfer and Trust. Odyssey Transfer and Trust is a company that helps with buying and selling shares. United Atlantic Ventures wanted to make sure it was allowed to sell its shares, so it asked the judge for help.
When Trump Media's shares were first available to buy, the price was almost $80 per share. However, the price has gone down significantly since then. On Thursday, the price of a share in Trump Media was only $13.98.
Questions
What company sold most of its shares in Trump Media?
A Florida company called United Atlantic Ventures sold almost all of its shares in Trump Media.
Who owns United Atlantic Ventures?
United Atlantic Ventures is owned by Andrew Litinsky and Wesley Moss.
What was the price of Trump Media's shares when they first became available?
When Trump Media's shares were first available, the price was almost $80 per share.
Describe the article image
Look at the article image and describe what you see on it. You may either speak or write your answer there.
Discussion
Discuss this article with your AI tutor to practice. Your tutor will help you with vocabulary and grammar.
discuss it with AI at lingolette.com