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 […]
Trump sues Truth Social co-founders, claims they should lose stock
Donald Trump is suing the two co-founders of his newly public Trump Media & Technology Group (TMTG), claiming that the company was improperly formed and has no right to their shares. I woke you up. of lawsuit A lawsuit filed in Florida state court late last month alleges Andy Liczynski and Wes Moss, former stars […]
Trump sues Truth Social co-founders, says they're not entitled to stock shares – Yahoo! Voices
former president donald trump sued the co-founders of society of truthargued that the company should lose its shares in the recently listed company because it mismanaged its social media platform early on. In documents filed last week in Florida state court, Trump Media and Technology Group Inc. said executives Wes Moss and Andy Litinsky made […]
‘Where’s The SEC?’: MSNBC Panel Melts Down Over Trump Truth Social Stock, Calls For Investigation
The “Morning Joe” panel on Monday expressed concerns about former President Donald Trump’s Truth Social stock, prompting an investigation by the Securities and Exchange Commission (SEC). “As far as being profitable, this company is making $4 million in revenue,” CNBC’s Andrew Ross Sorkin said. “That’s it. That’s all this company is making, and it’s worth […]
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, […]
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. […]
Liberal Media Scream: Top editor joins CNN host in ripping MAGA with their ‘truth’
This week’s Liberal Media Scream is a rare but deserved five-screamer in which the editor of the Cleveland Plain Dealer joins with a CNN host to condemn former President Donald Trump and his MAGA followers. Appearing on CNN This Morning with Kasie Hunt, editor Chris Quinn explained why he wrote a weekend letter to readers […]
Trump’s Truth Social lost $58M in 2023: filings
Donald Trump’s social media company lost a whopping $58 million in fiscal year 2023. The results are likely to fuel skepticism about the company’s wild public trading debut, which led experts to call it another “meme stock” like AMC or GameStop. Truth Social’s parent company also said it generated just $4.1 million in revenue over […]
Trump says Truth Social’s stellar stock market debut is ‘great sign of where the people in this country stand’
Former President Donald Trump implied that his social media platform Truth Social’s initial public offering is evidence of how the public views free speech online. Trump gave an interview that aired on One Nation with Brian Kilmeade on Saturday after Truth Social was valued at roughly $8 billion on its first day on the stock […]
Biden faces new moment of truth as Israel presses in on Rafah
President Biden faces a new critical moment in the Middle East as Israel insists it will invade the southern Gaza city of Rafah. Such operations come at a time when US disapproval of Israeli actions has reached unprecedented levels. A new Gallup poll last week showed how America’s traditional support for Israel is eroding after […]