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International Business Times

Bruce Golding

Major Trump Media Stockholder Unloads Nearly Entire Stake In Truth Social's Parent Company

Trump Media Donald Trump CNBC Miami

President-elect Donald Trump gestures while speaking to a gathering of House Republicans in Washington, D.C., on Wednesday. (Credit: Andrew Harnik/Getty Images)

A major shareholder has unloaded nearly its entire stake in President-elect Donald Trump's social media company.

ARC Global Investments II said in a regulatory filing that it held just 30,147 shares of Trump Media & Technology Group Corp., amounting to about 0.01 percent of the company's common stock, CNBC reported Friday.

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