"Trump Files Lawsuit Against Truth Social Co-Founders Over Stock Shares"

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Source: NBC News
"Trump Files Lawsuit Against Truth Social Co-Founders Over Stock Shares"
Photo: NBC News
TL;DR Summary

Former President Donald Trump has filed a lawsuit against the co-founders of Truth Social, alleging mismanagement and seeking to strip them of their stock in the company. Trump Media & Technology Group Corp. claims that executives Wes Moss and Andy Litinsky made costly mistakes that delayed the company's public offering. The lawsuit follows a previous legal action by Moss and Litinsky, who accused Trump's company of diluting their shares. Trump Media shares have experienced volatility since going public, with the stock price initially exceeding $79 before declining.

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