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Former 'Apprentice' Contestants Sell Majority Stake In Trump Media

Trump Media Andrew Litinsky Donald Trump UAV Wesley Moss Florida TMTG Trump Media & Technology Group ( Truth Social

The download screen for Truth Social app is seen on a laptop computer, March 20, 2024, in New York. (AP Photo/John Minchillo, File)

A Florida firm owned by former contestants on “The Apprentice” has recently made headlines for its decision to significantly reduce its stake in Trump Media & Technology Group, the company behind former president Donald Trump's Truth Social platform.

United Atlantic Ventures LLC, based in Fort Lauderdale, previously held a 5.5% stake in TMTG, amounting to approximately 7.53 million shares of common stock. However, a recent regulatory filing revealed that the firm has drastically reduced its ownership to just 100 shares.

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