"Trump Media Sues Co-Founders of Truth Social Over Mismanagement"

Trump Media & Technology Group has filed a lawsuit against Truth Social's co-founders, Wesley Moss and Andrew Litinsky, accusing them of mismanagement and seeking to make them forfeit their stake in the company. The lawsuit alleges that the co-founders' decisions delayed the company's plans to go public and caused significant damage to the business. Trump Media's stock price has been volatile since its launch, and experts consider Truth Social's roughly $6.6 billion market cap to be overvalued, especially given the company's financial losses and low user base compared to other social media platforms.