An auditor has raised doubts about the ability of Donald Trump's publicly traded company to stay in business, according to a new regulatory filing. Trump Media and Technology Group, which operates the Truth Social platform, reported it lost $58.2 million in 2023 while generating total revenues of $4.1 million, according to the Monday filing with the Securities and Exchange Commission.
Then there's this...
Trump Sues Co-Founders of Truth Social Media Company Over Shares
www.bnnbloomberg.ca
... Donald Trump has sued two co-founders of his newly public Trump Media & Technology Group Corp., claiming they set the company up improperly and shouldn't get any stock in it.
In the latest legal skirmish over who gets how much of the hot but flailing meme stock, Trump alleges that Andy Litinsky and Wes Moss violated an agreement about the setup and don't deserve their 8.6% stake, currently valued at $606 million.
The lawsuit, which was filed on March 24 in Florida state court and hasn't previously been reported, comes after the pair brought their own suit against the former president in Delaware Chancery Court over their promised stake in the the social media company. ...
The article goes into more detail about the lawsuit and the backstory.
OK... that creeped me out. #15 | Posted by Corky
Yeah, me too. Some real horror movie energy.
Only slightly scarier than the original, though.
Right on cue:
Trump is suing the founders of Truth Social because he's Trump. They brought the deal to him but he now alleges that they don't deserve their $606 million (on paper) stake in the company. They sued him in Delaware; he's suing them in Florida. Hot mess: https://t.co/4yfB0E3acz
- Tim O'Brien (@TimOBrien) April 2, 2024
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