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Trump Media sues its co-founders, accuses them of 'severe mismanagement'
- Trump Media is suing its co-founders for allegedly failing to launch the company and trying to obstruct the deal.
- After Trump Media went public, the stock surged up to 50%, but plummeted following a $58.2 million loss in 2023.
- Trump Media's lawsuit is seeking damages for alleged breaches of fiduciary duty by the co-founders, who are pushing back with claims of owed stock.
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113 Articles
113 Articles
Trump Media sues co-founders alleging former 'Apprentice' contestants' stock ownership claim is void
Trump Media & Technology Group (TMTG) is suing two Truth Social co-founders, arguing they are not entitled to the 8.6% stake in the company they claim to own.TMTG, the social media firm launched by former President Donald Trump, filed a lawsuit last month in Florida court against former "Apprentice" contestants Wesley Moss and Andrew Litinsky, claiming an agreement between the co-founders and Trump himself that laid out ownership is now void.The…
·New York, United States
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The former US president has expressed that Wesley Moss and Andrew Litinsky made 'imprudent decisions' that affected the initial public offering of the Truth Social platform.
·Pozuelo de Alarcón, Spain
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Coverage Details
Total News Sources113
Leaning Left35Leaning Right15Center57Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 33%
C 53%
14%
Factuality
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