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Two plead guilty to insider trading tied to Truth Social merger

Two men on Wednesday pleaded guilty to insider trading in the securities of the company that ultimately exposed former President Donald Trump’s media operations. Michael Shvartzman, 53, head of Miami-based venture capital firm Rocket One Capital, and his brother Gerald Shvartzman, 46, each appeared before U.S. District Judge Louis Lehman in Manhattan. Pleaded guilty to […]

Paramount, Skydance in talks about possible merger: Report

Media companies Paramount and Skydance are in talks about a potential merger, according to a new report. The two companies have been in talks about a potential deal in recent weeks. The New York Times reported Tuesday noted that entertainment mogul and Skydance founder David Ellison met with Paramount’s board to discuss his vision for […]

Trump joins Bloomberg’s 500 wealthiest list after Truth Social merger

Former President Trump is now one of the richest people in the world after his media company Truth Social completed a merger and is set to go public on the stock market. Trump joined Bloomberg’s list of the world’s 500 richest people on Monday after a deal was approved that could net him up to […]

Trump’s Truth Social merger throws curveball into presidential race

The merger agreement involving former President Trump’s Truth Social platform is the latest financial development in the White House race, which aims to close the fundraising gap with President Biden. Despite polls showing a close national race with Trump leading in key states, Biden’s campaign efforts have significantly outpaced Trump’s in the first few months […]

Trump Media merger approved, gives former president as much as $3B in fresh cash

Donald Trump’s Twitter clone “Truth Social” is set to debut on the stock market as early as next week, delivering a windfall of more than $3 billion to the cash-strapped former president as the 2024 campaign heats up. It has the potential to bring in income. Shareholders of blank check acquisition company Digital World Acquisition […]

Establishment Media Fail Again as Trump’s Truth Social’s Big Merger Approved

Despite constant predictions over the past few years that it wouldn’t happen, the establishment media’s approval of a merger between a SPAC and the company that runs President Trump’s social media platform Truth Social Another big piece of news about former President Donald Trump was broadcast. On Friday morning, shareholders of Digital World Acquisition Corporation […]

Trump Could Get $3.5B Windfall after Shareholders Approve Truth Social Merger

Former President Donald Trump will reap a $3.5 billion windfall after Digital World Acquisition Corporation shareholders approved his merger with Truth Social on Friday. A potential multibillion-dollar injection comes as New York Attorney General Letitia James moves to seize President Trump’s assets to pay $464 million bail in a New York civil fraud case. by. […]

Truth Social merger approved, giving Trump potential source of cash

Digital World Acquisition Corporation (DWAC) shareholders on Friday approved a merger with former President Trump’s media startup, giving Truth Social a stock market debut and a potential $3.5 billion windfall for Trump. I raised it. The long-delayed merger between the blank check company and Trump Media & Technology Group received regulatory approval from the Securities […]