Executive Departures
Top executives, including COO Andrew Northwall and CPO Sandro De Moraes, left following allegations against CEO , leading to claims of retaliation.
Trump Media disclosed Northwall's departure in an SEC filing, while De Moraes updated his status to former on , amidst broader staff changes.
Company's Response and Market Impact
Trump Media denied the allegations, accusing of fabricating stories to damage the company's reputation, asserting compliance with laws and regulations.
Despite the controversy and staff upheaval, Trump Media's stock, considered a meme stock, showed volatile trading, reflecting speculation rather than traditional financial metrics.