Ex-Trump Media Execs File to Have Their Six-Month Share Lockup Dropped

Two co-founders and former executives at Truth Social, the social media company launched and kept afloat by Donald Trump’s daily rants, have amended a lawsuit as they seek the ability sell off their shares in Trump Media ahead of a six-month lockout that was placed on them.

Trump Media, which went public last month, has been plummeting in value since it was revealed the company operated at a $58 million loss in 2023. As of Tuesday afternoon, it was worth $2.8 billion less than it was at its initial public offering on March 26.

That apparently has Andy Litinsky and Wes Moss, ex-Trump associates now embroiled in two lawsuits with the former president, wanting to have the flexibility to cash in on their shares before they lose anymore value.

Read more at The Daily Beast.