Truth Social founders sue TMTG over dilution (DWAC) - The Great Awakening - Where We Go Qne, We Go All!

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Truth Social founders sue TMTG over dilution (DWAC) (www.forbes.com)

posted 255 days ago by patriotic_legend 255 days ago by patriotic_legend +25 / -0

Trump Media Co-Founders File Lawsuit Claiming Company Tried To Dilute Their Stake

The co-founders of Trump’s media business allege the company tried to dilute their 10% stake in the parent company of Truth Social.

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– patriotic_legend [S] 4 points 255 days ago +4 / -0

Anyone know anything about the founders, they claim TMTG promised them 10% stake, at the last minute were diluted to 1% stake. I know dilution isn't uncommon, maybe they didn't protect themselves well enough. Any thoughts?

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– merf 5 points 255 days ago +5 / -0

Sounds like it'll come down to whatever the contract says, and how much the judge hates Trump. 😁

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▲ 2 ▼

– patriotic_legend [S] 2 points 254 days ago +2 / -0

concerned about the latter.

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– FuckNewsom 2 points 254 days ago +2 / -0

Especially with a Delaware court, after what a judge there just did to Elon; vetoing his compensation package that the Tesla board of directors approved.

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