Donald Trump and a Truth Social logo.
Former President Donald Trump on Wednesday announced plans to launch his own social network, Truth Social, in the first quarter of 2022.
  • Trump's media company is suing its cofounders, alleging they failed the business before its SPAC deal.
  • The suit says Wesley Moss and Andrew Litinsky worked with others to cause "significant damage."
  • It comes weeks after a company Litinsky and Moss founded filed its own suit against TMTG.

Trump Media is suing its cofounders, alleging they failed the company and did "significant damage" to its business, according to documents filed in a Florida civil court.