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major shareholder of trump media significantly reduces stake in company
ARC Global Investments II has significantly reduced its stake in Trump Media, now holding just 30,147 shares, down from over 11 million. This change follows a Delaware judge's ruling that Trump Media breached an agreement with ARC, which must now facilitate the transfer of shares before a lock-up expiration. Despite recent sell-offs, Trump Media's stock rallied in October, coinciding with the presidential election campaign.