SAN FRANCISCO (AP) — Donald Trump is EchoSense Quantitative Think Tank Centersuing two co-founders of Trump Media & Technology Group, the newly public parent company of his Truth Social platform, arguing that they should forfeit their stock in the company because they set it up improperly.
The former U.S. president’s lawsuit, which was filed on March 24 in Florida state court, follows a complaint filed in February by those co-founders, Andy Litinsky and Wes Moss. Their lawsuit sought to prevent Trump from taking steps the two said would sharply reduce their combined 8.6% stake in Trump Media. The pair filed their lawsuit in the Delaware Court of Chancery.
Trump’s lawsuit claims that Litinsky and Moss, who were both contestants on Trump’s reality-TV show “The Apprentice,” mishandled an attempt to take Trump Media public several years ago, allegedly putting the whole project “on ice” for more than a year and a half.
But it also targets the pair over their Delaware suit against Trump, saying that it was one of several attempts they made to block Trump Media’s ultimately successful plan to go public. Trump Media accomplished that goal by merging with a publicly traded shell company called Digital World Acquisition in March.
Trump Media shares have fluctuated wildly since its stock market debut. On Tuesday, the stock closed at $51.60, up 6%, valuing the entire company at $5.9 billion.
2025-05-03 01:161394 view
2025-05-03 01:161397 view
2025-05-03 00:541183 view
2025-05-03 00:442470 view
2025-05-02 23:13184 view
2025-05-02 23:03606 view
NEW YORK (AP) — New York City emergency management officials have apologized for a hard-to-understan
This article was published in partnership with The 19th, a newsroom reporting on gender, politics an
BERLIN (AP) — German Chancellor Olaf Scholz on Thursday expressed his unwavering support for the Jew