Angered, Donald Trump sues his Truth Social co-founders!

Former President Donald Trump has filed a lawsuit against Wesley Moss and Andrew Litinsky, his co-founders of Trump Media & Technology Group, the company behind Truth Social.

Trump and his legal team filed suit in civil court in Sarasota County, Florida, arguing that the media company had been mismanaged and launched inefficiently.

Moss and Litinsky, former contestants on Trump’s reality show The Apprentice, played a crucial role in the creation of Truth Social, the social network launched by Trump himself after being banned from Twitter following the Capitol Hill attack in January 2021.

In his complaint, Trump claims that the two co-founders made several mistakes that led to costly delays and mismanagement of the company’s IPO.

He therefore seeks to cancel their shares, accusing them of having blatantly failed to perform their duties and mismanaged the operation in various ways.

Moss and Litinsky have initiated their own lawsuit in Delaware court, alleging that Trump sought to reduce the value of their shares by significantly increasing the number of authorized shares within the company.

Trump Media & Technology Group became a publicly traded company following its merger with Digital World Acquisition Corp.

Trump Media shares were also volatile, reflecting the turmoil within the company.

Reports indicate a loss of $58.2 million and income of $4.1 million for the year 2023.