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Shares of Trump Media, the owner of social networking site Truth Social swung wildly Friday after the first U.S. presidential debate, with some investors believing it could become a bigger mouthpiece for the former president if he is re-elected.
A federal jury in New York on Thursday convicted an investor of insider trading in the stock of a shell company ahead of its announcement in October 2021 that it would merge with Trump Media. The investor, Bruce Garelick, had been on the board of directors of the publicly traded company, Digital World Acquisition Corp., at the time he was accused of sharing and exploiting non--public information with others about its plans to merge with then-privately held Trump Media, the owner of the Truth Social app. Trump Media's majority shareholder is former President Donald Trump, who was not accused of any wrongdoing in the case against Garelick in U.S. District Court in Manhattan. But Garelick's tri
A federal jury in New York on Thursday convicted an investor of insider trading in the stock of a shell company ahead of its announcement in October 2021 that it would merge with Trump Media.
Billionaire media mogul Barry Diller blasted Trump Media, the parent company of the former president’s Truth Social platform, as a “scam” on CNBC after the company went public last week.
SAN FRANCISCO (AP) — Donald Trump is suing two co-founders of Trump Media & Technology Group, the newly public parent company of his Truth Social platform, arguing that they should forfeit their stock in the company because they set it up improperly.
WASHINGTON (AP) — Anti-smoking groups sued the U.S. government Tuesday over a long-awaited ban on menthol cigarettes, which has been idling at the White House for months.
The co-founders of Donald Trump’s media venture sued him on Wednesday, alleging a plot to deny them a significant share in the company potentially worth hundreds of millions, according to reports.
Former President Donald Trump was accused in a lawsuit on Wednesday of trying to "drastically dilute" the value of stock shares in his social media company held by the firm's co-founders, potentially depriving them of hundreds of millions of dollars in profits. The partnership, United Atlantic Ventures, alleges that Trump Media & Technology Group engaged in "wrongful 11th hour … maneuvering" to dilute UAV's minority stake in the media company, a court filing says. The Delaware Chancery Court lawsuit comes in advance of the planned merger of TMTG with a shell company called Digital World Acquisition Corp., which would result in the shares of the combined entity being publicly traded. If DWAC shareholders approve the merger next month, Trump's 90% stake in TMTG could be valued at more than $3 billion, given DWAC's current share price. On Thursday, an investment vehicl