this post was submitted on 03 Apr 2024
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Improve The News

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Improve The News is a free news aggregator and news analysis site developed by a group of researchers at MIT and elsewhere to improve your access to trustworthy news. Many website algorithms push you (for ad revenue) into a filter bubble by reinforcing the narratives you impulse-click on. By understanding other people’s arguments, you understand why they do what they do – and have a better chance of persuading them. **What's establishment bias?** The establishment view is what all big parties and powers agree on, which varies between countries and over time. For example, the old establishment view that women shouldn’t be allowed to vote was successfully challenged. ITN makes it easy for you to compare the perspectives of the pro-establishment mainstream media with those of smaller establishment-critical news outlets that you won’t find in most other news aggregators. This Magazine/Community is not affiliated with Improve The News and is an unofficial repository of the information posted there.

**LR (left/right): 1 = left leaning, 3 = neutral, 5 = right leaning** **CP (critical/pro-establishment): 1 = critical, 3 = neutral, 5 = pro**

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Trump Countersues Truth Social Co-Founders (www.improvethenews.org)
submitted 7 months ago by [email protected] to c/[email protected]
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  • Former Pres. Donald Trump is suing Andy Litinsky and Wes Moss, two co-founders of Trump Media & Technology Group — the publicly trading parent company of the social media platform Truth Social — over accusations the duo hindered the company's ability to go public sooner. Associated Press (LR: 3 CP: 5)
  • In a filing in a Florida court from March 24, Trump Media alleges Moss and Litinsky — who were once contestants on Trump's reality show "The Apprentice" — "failed spectacularly" while leading the company and caused "significant damage" to it by making poor decisions. ABC News
  • The suit asks that Moss and Litinsky be forced to forfeit their shares of the company and their power to appoint members to the company's board. Damages are also being sought. ABC News
  • Prior to the presumptive Republican presidential nominee's suit, Moss and Litinsky filed a complaint in a Delaware court in February seeking to prevent Trump from reducing their combined 8.6% stake in the company — a stake agreed upon by Trump and their company United Atlantic Ventures in 2021. The Independent
  • Last week, Trump Media began publicly trading under the ticker DJT. Stocks increased by as much as 50% after its Nasdaq debut, but Monday the stock took a fall after the company disclosed it had a $58.2M net loss in 2023. CNBC (LR: 3 CP: 5)
  • Even after the drop, Moss and Litinsky's share would be worth approximately $601M. CNBC (LR: 3 CP: 5)

Anti-Trump narrative:

  • History shows that it's a reflex for the former president to sue anyone who works for or with him in any endeavor. So it's no surprise that even after taking Trump Media public and seeing a tremendous increase in his personal wealth, Trump has decided to sue two men who helped him get the company off the ground. This is quintessential Trump behavior.
    MSNBC (LR: 1 CP: 5)

Pro-Trump narrative:

  • Trump had little choice but to sue Moss and Litinsky. They were granted a golden opportunity to amass great wealth alongside one of the most recognizable people in the world, and they fumbled it with terrible hirings and decisions that cost the company a great amount of its value. These two riders of Trump's coattails should be held accountable for their failures.
    NEW YORK POST (LR: 5 CP: 5)

Nerd narrative:

  • There's a 50% chance that Trump's net worth will be at least $2.54B on Dec. 31, 2024, according to the Metaculus prediction community.
    METACULUS (LR: 3 CP: 3)
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