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The Latest Breaking News from Patrick Orlando

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 & 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

Top Trump Media investor cashes out almost all his shares, filings show

ARC's current stake is just 30,147 shares of Trump Media after owning more than 11 million shares in September.

Fortune

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Trump Media lockup deadline leaves Trump with a choice: trigger a fire sale or hold a meme stock

Some say the stock is worth only $1.50 a share.

Fortune

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

Trump Media executives worried over murky $8m loans, emails reveal

Exclusive: financing with suspected Russian ties came at a critical time as company was running out of cash after a planned merger

The Guardian - US

Federal investigators examined Trump Media for possible money laundering, sources say

New York prosecutors expanded criminal inquiry of company last year and examined acceptance of $8m with suspected Russian ties

The Guardian - US

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Trumpers may lose millions on Truth deal

Shell company that sought to acquire Trump's social network is facing liquidation

Salon

Key shareholder vote on Truth Social delayed, while Trump Media exec gets suspended

The merger between a Miami-based investment company and former President Donald Trump’s media firm remained uncertain Monday, when a critical shareholder vote on a deadline extension was put on hold.

Miami Herald

Behind the scenes of how Trump’s Truth Social was born, and how it could fall apart

Former President Donald Trump’s quest to establish a Florida-based social media platform as a conservative alternative to Twitter will face a critical vote on Monday when investors decide whether to extend a deadline allowing more time for the federal government to sign off on the deal.

Miami Herald

Trump-Linked SPAC's Investors Clamor For Better Deal As Time Runs Out: What It Means For DWAC And Truth Social

Digital World Acquisition Corporation (NASDAQ: DWAC), the SPAC that is set to merge with Donald Trump's company that owns the Truth Social platform, is reportedly facing pressure from investors amid its failure to complete the deal.

Benzinga

Deadbeat SPAC: Donald Trump's Social Network Isn't Paying Its Bills. Is This The Final Setback?

A SPAC set to take former President Donald Trump’s new media company public could be facing another setback. Here’s the latest.

Benzinga

QAnon is thriving on Truth Social for some reason

Maybe not for long, though: Truth Social is nearing financial ruin, reports say.

Input

Company behind Trump’s Truth Social now under investigation by federal prosecutors

The so-called ‘blank check’ company is also the target of a separate Securities and Exchange Commission probe

The Independent UK

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Evening Standard

Should we be taking Donald Trump’s new ‘Truth Social’ app seriously?

Perhaps unsurprisingly, The Donald’s Truth Social app has already been derided as a farce. But should we really be writing him and it off, asks Samuel Fishwick

People

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