Former President Donald Trump‘s social media platform, TruthSocial, recently lost one of its top executives.
On Friday, The Associated Press (AP) reported that a recent regulatory filing showed chief operating officer of Truth Social’s parent company has stepped down and that the company is required to transfer nearly 800,000 shares to an investor following a court ruling.
According to a Securities and Exchange Commission filing, COO Andrew Northwall resigned from Trump Media & Technology Group Corp. last month. The filing noted that the company plans to “transition his duties internally,” but no further details were provided about his departure.
A recent SEC filing revealed that a Delaware court ruled last month that 785,825 shares of Trump Media must be released to ARC Global Investments II. The ruling comes after a dispute between the two parties over how many shares ARC was entitled to following Trump Media’s merger with Digital World Acquisition Corp. Both …