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Top related persons:
Andrew Litinsky - 3 Moss - 3 Litinsky - 3 — - 2 Wesley Moss - 2 Trump - 2 Patrick Orlando - 2 Donald Trump's - 1
Top related locs:
Florida Moss Litinsky Sarasota County , Florida Delaware Chancery
Top related orgs:
United Atlantic Ventures - 3 Trump - 3 Trump Media - 3 Service - 2 Corp - 2 Orlando's - 2 Trump Media & Technology - 1 Business - 1

Search resuls for: "Andrew Litinsky"


3 mentions found


☆ Trump Media cofounders were limited to coach flights and lodging under $150 a night while establishing the former president's media empire
  + stars: | 2024-04-04 | by ( Lloyd Lee | ) www.businessinsider.com   time to read: +3 min
According to their contract, Trump Media & Technology Group's cofounders, Andrew Litinsky and Wes Moss, were limited to cheap flights and hotels as they were entrusted to take Trump's media empire public. The expenses outlined in the contract are a far cry from the typical lavishness executives, let alone social media cofounders, are afforded. As Business Insider's senior correspondent Emily Stewart noted, Trump Media makes close to nothing. The company's financial statements reveal that Trump Media made $4.1 million last year and lost $58 million. A spokesperson for Trump Media declined to comment.
Persons: —, Donald Trump's, cofounders, Andrew Litinsky, Wes Moss, Moss, Litinsky, Moss weren't, Emily Stewart Organizations: Service, Trump Media & Technology, Business, United Atlantic Ventures, Trump, Trump Media, Litinsky Locations: Moss, Litinsky
☆ Trump Media is suing its cofounders, alleging they failed 'spectacularly' and did 'significant damage' to the business
  + stars: | 2024-04-03 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +3 min
Trump's media company is suing its cofounders, alleging they failed the business before its SPAC deal. AdvertisementTrump Media is suing its cofounders, alleging they failed the company and did "significant damage" to its business, according to documents filed in a Florida civil court. Moss and Litinsky had the potential to "profit handsomely" if Trump Media completed its merger deal. The filing says: "Moss and Litinsky failed spectacularly at every turn. Trump Media did not immediately respond to a request for comment.
Persons: Wesley Moss, Andrew Litinsky, Moss, —, Trump, Patrick Orlando, Litinsky Organizations: TMTG, Service, Trump Media, Corp, United Atlantic Ventures, Orlando's, Trump, DWAC, Company Locations: Florida
☆ Trump Media sues its co-founders, accuses them of 'severe mismanagement'
  + stars: | 2024-04-02 | by ( Kevin Breuninger | ) www.cnbc.com   time to read: +3 min
The media company that Donald Trump recently took public is suing its co-founders, accusing them of failing "spectacularly" to get the company off the ground and then trying to "thwart the deal." In February, Moss and Litinsky sued Trump Media in Delaware Chancery Court over their stake in the company. They made "wasteful decisions" that caused "significant damage" to Trump Media and a decline in DWAC's stock price, the company claims. Trump Media calls the claim that UAV is owed stock "baseless," and says the services agreement Trump signed with UAV in 2021 is no longer valid. Lawyers for Trump Media did not immediately respond to CNBC's request for comment on the lawsuit.
Persons: Donald Trump, Wesley Moss, Andrew Litinsky, Trump, Moss, Litinsky, Patrick Orlando, Eric Trump Organizations: Trump Media & Technology Group, United Atlantic Ventures, Trump, Trump Media, Corp, Nasdaq, Orlando's, Securities and Exchange Commission, Bloomberg, Lawyers Locations: Sarasota County , Florida, Delaware Chancery, Florida
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