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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 […]

Social Security Administration announces new measures to deal with overpayments

The Social Security Administration limits clawbacks to 10% of your benefit check instead of 100%. (iStock) The Social Security Administration (SSA) is limiting the cancellation of benefit overpayments to 10% of benefit checks instead of 100%, following criticism for strict repayment plans that have left some beneficiaries in poverty. Social Security Secretary Martin O’Malley stated […]

Truth Social Needs to Lose More Money Faster

Trump Media Needs to Lose More Money Faster Donald Trump’s digital media company isn’t losing money fast enough. parent company of society of truth social media apps, Trump Media & Technology Companysaid in a regulatory filing that it suffered a loss of $58.2 million last year. It had a total of $4.1 million in revenue, […]

Judge Expands Gag Order Against Trump After Fiery Social Media Criticism

A judge expanded a gag order against former President Donald Trump in a New York criminal court on Monday after Trump criticized the judge and his daughter in a series of social media posts. Trump is considered the likely Republican presidential candidate. was indicted Democratic District Attorney Alvin Bragg of New York County filed charges […]

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. […]