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The Latest Breaking News from DWAC

Trump Media Group Loses Lawsuit Against Washington Post, Over Allegations Related to SEC Disclosures

Today's order by Judge Thomas Barber (M.D. Fla.) in Trump Media & Tech. Group Corp. v. WP Co. LLC grants… The post Trump Media Group Loses Lawsuit Against Washington Post, Over Allegations Related to SEC Disclosures appeared first on Reason.com.

Reason

Court Rejects Sealing of Summary-Judgment-Related Filings in Trump Media Libel Suit Against Washington Post

"Highlighting the absurdity of the sealing requests, one of the exhibits TMTG seeks to seal is the Post’s 2023 article, which was widely disseminated to the public when it was published and has been on file in the public docket in this case since July 2023."

Reason

Trump media company drops lawsuit against the Guardian

TMTG drops defamation claim over report that prosecutors were investigating payments received as possible money laundering

The Guardian - US

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Trump Media Group's Libel Lawsuit Over Guardian's Allegations of Federal Criminal Investigation Dismissed

From yesterday's decision by Florida trial court judge Hunter Carroll in Trump Media & Tech. Group Corp. v. Guardian News… The post Trump Media Group's Libel Lawsuit Over Guardian's Allegations of Federal Criminal Investigation Dismissed appeared first on Reason.com.

Reason

Trump Media & Technology Group Loses Lawsuit Against Washington Post Over Story About Trump Social Deal

The statements were true or at least substantially true, the court concludes, plus Trump Media failed to adequately allege knowing or reckless falsehood on the Post's part.

Reason

Trump Media Stock Plunge Continues After Lockup Agreement Expires

The shares, listed on Nasdaq as DJT, dropped 10%, closing at $12.15. Since restrictions on insider selling were lifted last week, the stock has fallen 17%.

International Business Times

Trump Media & Technology Group Shares Plummet After Hush Money Trial Conviction

Trump Media & Technology Group's stock, which trades under the ticker symbol "DJT," dropped about 9% in after-hours trading.

International Business Times

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Trump’s media company loses a third of value after initial surge in trading

Stock has become actively shorted as traders are betting on company’s fall, and the ex-president’s stake is now valued at $3bn

The Guardian - US

Donald Trump's Net Worth Surges To Record High Following Media Company Merger

Former President Donald Trump's net worth skyrockets to $6.5 billion following a lucrative merger involving his social media venture.

International Business Times

Potential Valuation of Trump's Truth Social Exceeds $5 Billion Despite Limited Engagement

Despite losses, Trump's Truth Social could be valued at $5.7 (£4.51) billion, boosting his net worth by $4 (£3.16) billion.

International Business Times UK

NASDAQ Awaits TMTG: Truth Social's Launch Marks Milestone For Trump's Media Venture

Trump Media & Technology Group Corp. (TMTG), is on the brink of entering the NASDAQ market,following a merger with Digital World Acquisition Corp. (DWAC).

International Business Times

Trump Endorses Truth Social Amid DWAC Stock Plunge: A Tale of Social Media Merger Drama

Former President Trump's media venture, Truth Social, faces financial losses amid legal battles, set to debut on NASDAQ soon

International Business Times UK

Following Republicans’ Missed Opportunities, Be Cautious About ‘Trump Stocks’

Heading into last week’s State of the Union address, the political race was supposed to be straightforward. Things have changed, with serious implications for so-called Trump stocks.

Barchart

Trump Media Libel Lawsuit Against Washington Post Dismissed, but Might Be Refiled With More Detailed "Actual Malice" Allegations

From today's opinion in Trump Media & Technology Group Corp. v. WP Co. LLC, decided by Judge Tom Barber (M.D. Fla.): This lawsuit for defamation by Plaintiff Trump Media & Technology Group Corp. ("TMTG") against Defendant WP Company LLC (the "Post") arises from an article titled "Trust linked to porn-friendly…

Reason

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StockNews.com

DWAC, LOAN and FLT: Analyzing Which Financial Stock Is Set for December Gains

The financial sector is undergoing notable technological advancements fueled by the rise of fintech companies and digital banking. Amid this swiftly evolving landscape, can Digital World Acquisition Corp (DWAC), FLEETCOR Technologies (FLT), and Manhattan Bridge Capital (LOAN) thrive? Keep reading to find out….

The Independent UK

Trump’s Truth Social sues 20 media outlets over financial loss reports

Trump Media & Technology Group suffered a net loss of $31.6m between the organisation’s founding in February 2021 and 30 June 2023, SEC filing states

Evening Standard

Donald Trump’s Truth Social platform lost $31m since launch to mid-2023, filing shows

Donald Trump’s social media platform Truth Social has lost $31.6 million from its launch in early 2022 to mid-2023, a new securities filing has revealed.

The Independent UK

Trump’s Truth Social warns company may be forced to shut down amid huge losses

Filing reveals Truth Social’s parent company lost over $22m in first half of 2023

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The Guardian - US

Trump’s Truth Social platform faces uncertain future as key test looms

Former president’s social media platform is asking shareholders in Digital World for another year to complete merger

StockNews.com

3 Financial Stocks to Watch Closely for Rising Momentum

With sustained demand and rapid digital transformation, the financial services industry is poised for significant growth and expansion. Moreover, industry players usually benefit in a high-interest rate environment. Thus, robust financial stocks First American Financial (FAF), Everi Holdings (EVRI), and Digital World Acquisition (DWAC) could be ideal watchlist additions for…

Zenger

Trump SPAC Deal Is Almost Over – Will Sept. 5 Be The Day Of Its Demise?

A key date for the merger and the company's future is coming up soon.

Zenger

Trump Media SPAC Faces Setbacks As SEC Settles Fraud Charges

Digital World Acquisition misled investors by not disclosing discussions with Trump-led media company, SEC finds.

The Independent UK

SEC announces settlement with merger partner of Trump’s Truth Social app

The SEC had already announced a $18m settlement

The Independent UK

Truth Social’s merger partner reaches $18m settlement with SEC

News of the settlement comes after three people involved in the merger between Donald Trump’s Truth Social and Digital World Acquisition Corp were indicted for insider trading

The Independent UK

Trump Media investors charged in $22m insider trading case

Federal indictment unsealed in Manhattan federal court

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