"Trump's Legal Battle to Strip Truth Social Co-Founders of Their Stake"

Donald Trump has filed a lawsuit against two co-founders of Trump Media & Technology Group, claiming they improperly set up the company and don't deserve their 8.6% stake, currently valued at $606 million. The legal battle comes amid wild swings in shares of Trump Media, which began trading last week after merging with a SPAC. Trump alleges that the co-founders failed to properly set up the corporate governance structure, launch the Truth Social platform, and find an appropriate merger partner, while the co-founders claim Trump planned to dilute their stake. The lawsuit was filed in Florida state court and comes after the co-founders brought their own suit against Trump in Delaware Chancery Court.