Trump Media sues former Apprentice contestants turned Truth Social co-founders, seeking $432 million stake back before company goes public

Trump Media is suing two former "Apprentice" contestants and Truth Social co-founders, seeking to strip them of their shares in the company.

The lawsuit alleges the co-founders "failed spectacularly" in setting up the business and blames them for issues with Truth Social's launch.

It seeks to claw back 8.6 million shares worth $432 million that were part of the co-founders' initial deal.

The lawsuit comes a day before Trump Media debuted on the Nasdaq stock exchange with a valuation around $6.8 billion.

Trump himself owns a 57% stake in Trump Media worth about $4 billion on paper, though he can't sell for 6 months.