Trump suing co-founders of Truth Social for costly mistakes that caused the delay of the company going public. - The Great Awakening

Trump suing co-founders of Truth Social for costly mistakes that caused the delay of the company going public. (twitter.com)

posted 234 days ago by BeckyDtheAmerican 234 days ago by BeckyDtheAmerican +44 / -0

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– WHOSkiddingWhO 4 points 234 days ago +4 / -0

These guys sued Trump Media in February saying they were getting cheated out of their shares.

https://www.businessinsider.com/trump-media-company-cofounders-sue-scheme-dilute-shares-2024-3

Two cofounders of former President Donald Trump's media company have filed a lawsuit claiming executives at the company schemed to deprive them of shares that could be worth hundreds of millions of dollars ahead of a possible merger.

Litinsky and Moss first came to Trump in 2021 with a pitch for a Trump-branded media startup after he was barred from Twitter, and they agreed on a deal that gave Trump a 90% stake and UAV 8.6%, per The Post. The new lawsuit claims that Trump and other leaders sought to increase the amount of authorized stock from 120 million shares to 1 billion shares, which would reduce Litinsky and Moss' stake to less than 1% ahead of the merger, the report said.

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– BeckyDtheAmerican [S] 2 points 234 days ago +2 / -0

Thank you for adding this info

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