Trump sues Truth Social co-founders, says they're not entitled to stock shares
Andy Litinsky and Wes Moss sued Trump in February, alleging he was trying to "drastically dilute" the value of their shares.
Former President Donald Trump has sued the co-founders of Truth Social, alleging they mismanaged the social media platform early on and should therefore lose their stock in the company, which recently went public.
If mismanagement is enough to prevent someone from owning stock, Trump should not own a single share of anything.
If mismanagement is enough to prevent someone from owning stock, Trump should not own a single share of anything
I agree, though this is par for the course as Trump behavior goes. He's got a long history of doing shady shit, screwing over partners and vendors.
I'm glad that people are learning the hard way not to trust him, although I would've preferred it if they had listened. I'm enjoying this shit show!
The stock isn't going to be worth anything by the time the case gets resolved anyway.
i almost feel bad for these guys.. but i dont. its common knowledge that no good comes from going into business with trump
Yeah, I feel nothing for these people. They knew he was a snake when they took him in.
Took him in? They pitched the idea. They deserve what they get.
there are always the people in every horror movie who think that if they deliver their friends into the open drooling maw of the monster stalking them, they'll get a reward.
the "reward" is usually at least as bad as their friends' fate. it's just narcissism really. they think they're more like the enemy than they are like their friends, so it would be natural to spare them. but they're all just meat to the monster.
trump is just a shitty xenomorph. small hands instead of small mouth, and substantially less physically threatening. I think they both probably have the acid blood though.
My thoughts on the matter.
I don't feel bad in the slightest. Everyone knows Donald is a sociopathic grifter. These guys wanted to run a con with him and got burned. I hope their lives are full of misery.
In fact, they specifically targeted that demographic. They put their face inside a starving leopards mouth
Pretty much. What do you expect?
I was going to ask which one of these people is the biggest idiot and then I realized the answer was yes.
He's been defrauding contractors, backstabbing, and throwing people under the bus for decades. Even a grifter would have to be high as fuck on pure greed to have any business interaction with Donald.
It's hilarious that these scammers also received an inevitable betrayal. I hope they lose all their money and the stock crashes before Donald can get anything significant out. What a delight to see any of these lying con men lose it all.
This is a perfect example of rats eating each other.
Well yeah but they're billionaire rats.
May their court battle be drawn out and their legal bills astronomical. They deserve it. All of them.
But the leopards absolutely weren't supposed to eat their faces!!
Amen brother (the break, I'm not religious)
Odelay break
Yes, truth social is completely impossible without trump. Nobody could possibly spin up a mastodon instance without a former president backing you. Just absolutely unheard of.
Trump should sue himself for being a dipshit
I was going to comment that he'd win at that at least, but for some reason I think he'd fuck that up too.
He tried but his best lawyers messed up the paperwork.
Pointless, he wouldn't be able to pay for the damages he'd owe himself.
So Trump Media is operating on a revenue stream of 4 million a year, and is reporting a yearly loss of 58 million. How the fuck is that company's stock rated at $60/share?
It's a vehicle for trump to accept foreign money, that's how.
Money laundering
Tax fraud.
Well first, throw logic out the door and you’ll come by your answer a little easier. hint, it’s because of capitalism.
Share price has never really been a representation of company health. Shares are traded at what people will buy them for. There also may be a lot of short selling going on waiting for the plummet.
DJT and RDDT both had a bit of a dead cat bounce today.
I wouldn't be surprised if it's just like essentially "Trump Bitcoin." Effectively worthless but he's got a gigantic pool of people who will throw money at him.
Rational markets 👍
It's a money laundering shell
It's worth $50, not $60. Anyway, share prices are arbitrary because they depend on the number of shares.
Trump Media has a market cap of $5b, about the same as Lyft which also hasn't turned a profit.
He is in a legal battle every day of the week and GOP voters are like damn this guy is fit to be President again.
Breaking news: People who cozy up to face eating leopards will eventually get their faces eaten. More at 8.
Look at all these losers getting their faces eaten. I'm sure I am smart enough to not have that happen to me!
A trump never pays his share
Every one of these people:
Wait until all the rubes who bought stocks find out that they're next. The fine print actually says that your stock purchase is actually just a non-refundable donation to the Donald J. Trump legal defence fund.
he wakes up in the morning, looks in the mirror: "so who are we screwing over today"
Who knew that a renowned ruthless bastard snake oil swindler, and sexual predator, would be a bad person to get in to bed with.
Lmao these idiots should have expected something like this.
This guy's doesn't just bite the hand that feeds him; he's eaten all the flesh and is gnawing on the bones.
Never. Leopards. Face.
It broke my heart that devin nunez wasn't included in this suit.
I feel like the truth is coming to Truth Social.
Lol
I for one enjoy irony this delicious.
It's not ironic nor unexpected to anyone that's paid the smallest amount of attention to the news in the past eight years.
Imagine still putting your money anywhere near the newest BS of one the biggest current con men. Too bad.
