Donald Trump Sues Truth Social Cofounders Litinsky, Moss
Trump Media calls the former "Apprentice" contestants "faithless fiduciaries" who were merely "riding President Trump's coattails"
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Trump Media calls the former "Apprentice" contestants "faithless fiduciaries" who were merely "riding President Trump's coattails"
The social media platform previously reported losses of more than $100 million in two years
Trump has taken legal action against Andy Litinsky and Wes Moss, who are accused of not upholding their responsibilities in setting up the governance structure of Trump Media, launching the Truth Social platform, and finding a suitable merger partner.
Trump's social media company disclosed that it lost nearly $58.2 million in 2023
Former President Donald Trump was set to reap a multibillion-dollar payday from the initial public offering (IPO) of Trump Media and Technology Group (TMTG). But now, it looks like the stock could be worth a fraction of what it initially traded for by the time he can actually capitalize on it.The st...