Latest Trump Backed Company Is Falling Apart Fast

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Twitter closed Donald Trump’s account after he used it to foment the January 6 attempted coup. As a result, the ex-president co-founded Truth Social. But when the previous resident of the White House tried to force then-board member and co-founder Andy Litinsky into giving Melania Trump stock, the man said “no.”

The former president already owned 90 percent of Truth Social’s stock as payment for the Trump name. All of the remaining employees had to split the remainder.

Litinsky sent an email to the Washington Post reporting that Trump insisted Melania Trump should receive stock in TMTG:

‘President Trump over the past 2 months has repeatedly demanded that I give my TMTG equity to Melania Trump. As I have informed him several times, I have earned that equity, and also ‘gifting’ equity to Melania Trump would be a taxable event of which I can’t afford to pay the taxes.’

Andy Litinsky was with Senior Vice President of Operations Will Wilkerson last October at the time the board member got the call from Trump demanding Litinsky give Melania Trump stock. This was roughly the point when Truth Social decided to merge with another company and launch the social media company’s stock sky-high.

Former The Apprentice contestant Litinsky said no to the request. His excuse was that he would have resulted in a too-expensive tax bill, the Business Insider reported:

‘Trump didn’t care. He said, ‘Do whatever you need to do.’

But the former The Apprentice contestant Litinsky said no to the request. His excuse was that he would have resulted in a too-expensive tax bill, as Senior Vice President told the Business Insider reported:

‘Trump didn’t care. He said, ‘Do whatever you need to do.’

There were problems with the merger, The Business Insider reported:

‘A SPAC called Digital World Acquisition Corp is currently in the process of trying to acquire TMTG. That acquisition is under scrutiny from both the Securities and Exchange Commission and a grand jury.’

But the previous president pulled Litinsky from Truth Social’s Board, according to Litinsky “as retaliation” The Business Insider reported.

The Senior Vice President of Operations filed as an SEC whistleblower, and under its protection handed over Truth Social. Then, Wilkerson sent The Business Insider information about the company’s potentially “illegal activity and “infighting.”

A Trump Media & Technology Group spokesperson responded by releasing a statement, claiming Truth Social’s leadership was “world-class:” The statement added that Apple and Google app stores had Truth Social, and the social media’s “millions of end users,” according to The Insider:

‘As Chairman of TMTG, President Trump hired Devin Nunes as CEO to create a culture of compliance and build a world-class team to lead Truth Social executed multiple feature updates.’

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The statement continued:

‘Ignoring these achievements, the Washington Post published a story rife with knowingly false and defamatory statements and other concocted psychodramas.’

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Christie writes Gloria Christie Reports & Three White Lions Substack newsletters and a Three White Lions podcast available on Apple, Spotify, etc. She is a political journalist for the liberal online newspaper The Bipartisan Report. Written in her own unique style with a twist of humor. Christie’s Mueller Report Adventures In Bite-Sizes a real-life compelling spy mystery (in progress). Find her here on Facebook. Or at Three White Lions her book on Amazon Kindle Vella and the Gloria Christie Three White Lions podcast on Apple, Spotify, etc.