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The Latest Breaking News from Trump Media

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

The Guardian - US

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

The Independent UK

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Trump Media files $3.78bn defamation lawsuit against Washington Post over Truth Social reporting

Trump’s latest defamation lawsuit comes after his investment in struggling Truth Social platform saw his net wealth fall by $700m in the past year

The Independent UK

Devin Nunes Sues for Libel Over "Investigators Examined Trump Media for Possible Money Laundering" Article

This is Nunes' latest libel lawsuit, just filed yesterday in Florida state court; I'm too slammed to write about it in detail, but I thought I'd pass along the Complaint (Nunes v. Guardian News & Media Ltd.). Here's the start of the Statement of Material Facts: 11. On March 15,…

Reason

First Thing: Markets on alert after US banks join forces to rescue First Republic

Global shares rise as $30bn lifeline for US bank eases fears of imminent collapse. Plus, a 5,000-mile stinking blob of seaweed heads to Florida

The Guardian - UK

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

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DOJ probed Trump Media loans: report

"If you trace the beneficiaries back you get to the nephew of a Putin ally," says Guardian reporter Hugo Lowell

Salon

First Thing: Moscow told to respect international airspace after US drone crash

UK defence secretary responds after US denounces crash as ‘unsafe and unprofessional’. Plus, inside the controversial world of Pornhub

The Guardian - UK

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

Trump almost bailed on Truth Social after ‘meltdown’ and now regrets being convinced to stay – report

Miller’s final offer to Trump for joining the conservative app included $100m — and potentially more — over five years to post on Gettr

The Independent UK

Arkansas Ban on Gender Transition Treatments for Minors Hits Federal Court

Plus: Rethinking "zombie cells," Truth Social whistleblower speaks out, and more...

Reason

Whistleblower Trump Media executive says firm violated federal securities laws

Will Wilkerson, co-founder of Trump’s media company, also alleges that ex-president pressured executives to give shares to Melania

The Guardian - US

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

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Benzinga

Another 'Yuge' Setback For Donald Trump's SPAC Merger Deal: Will The Deal Fall Apart?

A SPAC set to take former President Donald Trump’s new media company public is facing another setback as it moves closer to liquidation.

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.

Salon

Truth Social merger partner loses $130M

Digital World Acquisition changed its address in filing disclosing it's lost $138 million of $1 billion investment

The Guardian - US

Is Truth Social another of Trump’s bungled businesses?

Dogged by an SEC investigation, the platform may be more of a campaign tool than a sound investment, analysts say

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The Independent UK

Trump partner in Truth Social delays key vote on merger

A key decision over whether Donald Trump’s social media platform Truth Social will merge with a cash-rich company and get $1.3 billion to take on Twitter has been put off for another month

Salon

Truth Social stiffs contractor $1.6M

Trump's Twitter knockoff is already in a "bitter battle" with its web host over $1.6 million in unpaid bills

Salon

Trump exits social media company

The SEC served Trump Media and Technology Group with a subpoena on June 27th, according to a regulatory filing

The Independent UK

Trump social media firm subpoened by feds, stock regulators

Donald Trump’s social media company and some of its employees received subpoenas from a federal grand jury in New York and securities regulators

Salon

Mitch McConnell makes Trump dumber

Underneath it all Mitch McConnell and Donald Trump are the same: ruthless, self-serving, power hungry brutes

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