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News@lemmy.world · 9 months ago

Trump sues Truth Social co-founders, says they're not entitled to stock shares

www.nbcnews.com

cross-posted to:
usnews@lemy.lol

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Trump sues Truth Social co-founders, says they're not entitled to stock shares

www.nbcnews.com

vegeta@lemmy.world to

News@lemmy.world · 9 months ago

cross-posted to:
usnews@lemy.lol

Andy Litinsky and Wes Moss sued Trump in February, alleging he was trying to "drastically dilute" the value of their shares.

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9 months ago
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.

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