Trump sues Truth Social co-founders over alleged mismanagement
By Madeline Halpert,
BBC NewsDonald Trump's lawyers say two executives mismanaged the companyDonald Trump is suing two co-founders of Trump Media, claiming they should lose their shares of the company for mismanaging his social media site.
The men, Wes Moss and Andy Litinsky, had already filed a suit against Mr Trump in February to prevent him from reducing their 8.6% stake in the firm.
They pitched the idea of Truth Social following the Capitol riot, after Mr Trump was banned from Twitter, now X.
Their shares are currently valued at around $600m (£477m).
In the lawsuit, filed on 24 March in Florida state court, lawyers for the former president say Mr Moss and Mr Litinsky were in charge of Trump Media & Technology Group's daily operations, but "failed spectacularly at every turn".
Trump Media & Technology Group (TMTG) is the parent company of Truth Social.
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https://www.bbc.com/news/business-68725771