Might buy the dip once my Trumpy sneakers arrive and if Trumpy and Co haven’t issued another NFT collection.
“Donald Trump's Legal Problems Get Worse as Truth Social Struggles”
“Amid a tumultuous period for Donald Trump, the legal battle surrounding his social media startup has intensified as the founders of the website are now legally contesting a six-month bar on selling their shares, a move they attribute to retaliation by Trump.
A Delaware judge has permitted the inclusion of the new complaint brought by Truth Social founders Andy Litinsky and Wes Moss in a broader lawsuit challenging the valuation of their stakes, according to a Bloombergreport issued Tuesday.
Litinsky and Moss, according to the report, argue that the lockup period is causing them "irreparable harm." Trump himself, holding nearly a 60 percent stake, is similarly bound by a six-month sales restriction on his shares.
Attorneys for Trump Media argued that the enforcement of share lockups is a standard practice in transactions involving companies like Digital World Acquisition Corp (DWAC), the report said, and that permitting the co-founders to sell off their shares prematurely would negatively impact both the company and its other shareholders.”
