Trump sues Truth Social co-founders, says they're not entitled to stock shares
Former President Donald Trump has sued the co-founders of Truth Social, alleging they mismanaged the social media platform early on and should therefore lose their stock in the company, which recently went public.
Former President Donald Trump has sued the co-founders of Truth Social, alleging they mismanaged the social media platform early on and should therefore lose their stock in the company, which recently went public.
In papers filed last week in Florida state court, Trump Media & Technology Group Corp. argued that executives Wes Moss and Andy Litinsky made a series of costly mistakes that resulted in a long delay in the company’s going public and urged a judge to strip them of their shares in the company.
The pair, who were contestants on Trump's NBC show "The Apprentice," had pitched him on the idea of Truth Social after he was banned from what was then known as Twitter following the Jan. 6, 2021, attack on the Capitol.
"This was a phenomenal opportunity for Moss and Litinsky," the suit says, adding that they were both "riding President Trump's coattails."
Former President Donald Trump makes a speech as he attends the 2024 Conservative Political Action Conference (CPAC) in National Harbor, Md., on Feb. 24, 2024.Celal Günes / Anadolu via Getty Images file"Without President Trump, Truth Social would have been impossible," the filing said.
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