Donald Trump defeated a move by Trump Media & Technology Group’s co-founders to halt his lawsuit accusing them of botching the setup of his newly public social media company, Bloomberg reports. A judge nixed their bid to stop Trump from suing them in Florida
The former president and two ex-contestants on his once-popular reality TV show The Apprentice, Andy Litinsky and Wes Moss, are suing each other over how much of stake the two men should get in Trump Media. Litinsky and Moss had helped Trump launch his Truth Social platform in 2021 after he had been banned by Twitter and Facebook in the wake of the Jan. 6 riot.
The unprofitable company went public in late March via a merger with Digital World Acquisition. The share price has been volatile ever since, with the stock at times losing more than two-thirds of its value since the market debut on the Nasdaq. Read more.
