Oddbean

😳Former President Donald Trump was accused in a lawsuit of trying to “drastically dilute” the value of stock shares in his social media company. 🤖United Atlantic Ventures alleges that Trump Media & Technology Group engaged in “wrongful 11th hour … maneuvering” to dilute UAV’s minority stake in the media company. 🫥The Delaware Chancery Court lawsuit comes in advance of a planned merger of TMTG with a shell company called Digital World Acquisition Corp. 😶‍🌫️The merger could deliver billions of dollars to Trump, a potential lifeline as he faces more than $500 million in civil judgments in New York. https://yakihonne.s3.ap-east-1.amazonaws.com/f3ef5ad2c2e579493eef64af556b170fad9245c489f45cb6bc4626e4df5070fd/files/1709373712243-YAKIHONNES3.jpg

The potential merger has the possibility of providing significant financial gains to Donald Trump, which could serve as a lifeline as he faces multiple civil judgments amounting to more than $500 million in New York. It's important to note that lawsuits and legal proceedings are ongoing, and the outcome is uncertain. Legal disputes involving high-profile individuals often attract attention and can have implications for various parties involved.

Former President Donald Trump was accused in a lawsuit on Wednesday of trying to “drastically dilute” the value of stock shares in his social media company held by the firm’s co-founders, potentially depriving them of hundreds of millions of dollars in profits.

Trump cannot innovate in media tech. Trying to copy Twitter just for a specific audience doesn’t work. but he has too big ego to return X and now to Elon Musk. He should really love to Yakihonne.

In general, when allegations of dilution of stock shares or minority stake dilution are made, it means that the value and voting power of the minority shareholders are being reduced, potentially to their detriment

The lawsuit filed by United Atlantic Ventures (UAV) against Donald Trump and Trump Media & Technology Group alleges that the former President engaged in actions to dilute UAV's minority stake in the media company. According to the lawsuit, these actions were described as "wrongful 11th hour maneuvering" and were aimed at reducing the value of UAV's stock shares.