Brothers plead guilty to insider trading tied to Trump media company
Two brothers pleaded guilty in federal court Wednesday to their roles in a $22 million insider trading scheme connected to a company that took former President Trump’s social media company public. Florida venture capitalist Michael Schwartsman, 53, and his brother Gerald, 46, each pleaded guilty to one count of securities fraud and were sentenced to […]
Disney Shareholders Back CEO Bob Iger, Rebuff Activist Shareholders Who Wanted to Shake Up Company amid Losses
BURBANK, Calif. (AP) – Disney shareholders rallied behind longtime CEO Robert Iger and activist investor Nelson Peltz, who was seeking a seat on the board, on Wednesday. He voted to reject his ally, former Disney chief financial officer Jay Laszlo. The company had recommended director candidates that did not include Peltz or Laszlo. In their […]
Stranded Norwegian Cruise Lines passengers missed ship ‘by more than an hour,’ company reveals
Six American and two Australian passengers were stranded on an African island when a Norwegian Cruise Line ship set sail, the company said Wednesday, leaving the ship more than an hour late. Jill and Jay Campbell Jill and Jay Campbell “If they are more than an hour late for the 3pm full boarding time, as […]
Migrants flown to Martha’s vineyard by Florida Gov. Ron DeSantis can sue flight company
Migrants brought to Martha’s Vineyard nearly two years ago on a chartered flight orchestrated by Florida Gov. Ron DeSantis can sue the airline that transported them, a federal judge in Massachusetts ruled Monday. In 2022, 50 Venezuelans were flown from San Antonio, Texas, to Martha’s Vineyard, a well-known playground for wealthy progressives, with the promise […]
Trump social media company sues co-founders, alleging ‘reckless and wasteful’ decisions
Former President Trump’s social media company is suing two of its co-founders, accusing them of neglecting their basic duties and delaying a recent merger with a “series of reckless and wasteful decisions.” lawsuit Officials at Truth Social’s parent company, Trump Media & Technology Group, say Wesley Moss and Andrew Litinsky have “catastrophically failed” to establish […]
Shares of Trump Media Jump After Company Says It Is Flush $200 Million in Cash and Debt-Free
Trump Media shares soared Tuesday after the company announced it was debt-free and had more than $200 million in cash on hand. Shares of Trump Media & Technology Group, which trades under the ticker DJT, rose about 6% on Tuesday, partially reversing Monday’s 21% decline. Year-to-date, the stock is up 198%. “We are excited to […]
DeSantis notches win in lawsuit over migrant flights, but company that arranged them not in the clear yet
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Truth Social parent company lost $58 million in 2023
The parent company of former President Trump’s Truth Social platform reported a $58 million loss in 2023. New regulatory filings. Trump Media & Technology Group, which went public last week, had revenue of about $4.1 million last year and had revenue of just over $750,000 in the fourth quarter, the Securities and Exchange Commission said. […]
Trump Media shares plunge after company reports $58 million loss in 2023
Former President Trump’s social media company tumbled on the stock market Monday after it reported an annual loss of $58 million in a regulatory filing Monday. Shares of Trump Media & Technology Group, the parent company of Trump’s platform Truth Social, fell about 24% shortly after 1 p.m. EDT. The stock price fell to about […]
Tim Tebow and wife Demi-Leigh partner with company giving ex-convicts second chance: ‘What grace is all about’
Former NFL quarterback Tim Tebow and wife Demi Lee are lending star power to America’s largest second-chance employer in hopes of giving former inmates hope of getting back on their feet after being released from prison. . Cincinnati-based Nehemiah Manufacturing Co. says its goal is to “build brands and create jobs, especially by allowing people […]