Scoop: Trump Media's co-founders — big former Trump boosters from "The Apprentice" days — are suing the company, claiming Trump and his allies are trying to cut them out of their shares, now worth ~$300M
Lawsuit could imperil Truth Social merger — one of Trump's few financial lifelines after ~$500M NY fraud fine
https://www.washingtonpost.com/technology/2024/02/29/truth-social-lawsuit-trump-media-founders/
Big update: It's not one lawsuit - it's three.
1. Co-founders vs Trump Media
2. Trump Media and DWAC vs. ex-CEO, alleging "avarice & incompetence"
3. Orlando vs DWAC, alleging “strong-arming tactics”
All-out legal war amid Trump cash crunch. DWAC down 9%
https://www.washingtonpost.com/technology/2024/02/29/truth-social-lawsuit-trump-media-founders/
frog, meet scorpion
@drewharwell Where are these giant valuations coming from - certainly not from any fair-market valuations or actual amounts invested. It all seems to be based on bubble-thinking speculative values.
I mean, who would ever actually want a share of this money-loosing TFG-fanboy app?
@drewharwell avarice AND incompetence? Not my Donnie!
MY DONNIE WOULDN'T DO THAT
We've already got the GOP civil war, and now the Trump Media civil war.
This is glorious.
Blue Boy
Drew Harwell
Artemesia
Matt
Karl Auerbach
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Roy #EatTheRich Pardee 🇺🇸
Martha Howell
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glutto
Fight Fascism #RESIST
Matunos