Monday, February 3

Tag: truth social

Trump Media’s funding partner says it’s returning $1 billion to investors, with many asking for money back
12Oct By adminNo Comments
Money

Trump Media’s funding partner says it’s returning $1 billion to investors, with many asking for money back

The funding partner for Trump Media & Technology Group said that it will return the remaining $533 million of the $1 billion raised to finance the venture after investors canceled $467 million of commitments. Digital World Acquisition Corp. (DWAC), a so-called special-purpose acquisition company, said in a regulatory filing that it has received termination notices from investors for $467 million of the funding. The remaining $533 million will be returned to investors, with DWAC CEO Eric Swider saying in a press release that the decision is a "positive development" as Trump's media group focuses on developing a "sustainable business model."The loss of funding for DWAC appears to be a step backward for the prospective merger between the company and Trump's media outfit, which runs Truth...
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Trump, Ducking Debate, Blasts His GOP Rivals On Social Media
28Sep By adminNo Comments
Politics

Trump, Ducking Debate, Blasts His GOP Rivals On Social Media

Former President Donald Trump once again railed against his 2024 Republican opponents from the comfort of his social media account on Wednesday, shunning the debate stage where seven other candidates gathered to appeal to voters.The former president blasted former New Jersey Gov. Chris Christie and Florida Gov. Ron DeSantis on Truth Social soon after the Republican presidential primary debate finished. Both men used their airtime to criticize Trump, with Christie saying the party should drop him as its candidate, at one point speaking directly to Trump through the camera. DeSantis challenged Trump to appear on the debate stage, saying voters had a right to hear from anyone gunning for the White House.The Trump campaign went a step further after the debate ended, calling on the Republican ...
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Trump Media’s funding partner gets reprieve only days before possible liquidation
5Sep By adminNo Comments
Money

Trump Media’s funding partner gets reprieve only days before possible liquidation

A long-delayed merger between former President Donald Trump's media company and a so-called blank-check company has received a reprieve just days before the latter company faced liquidation, according to reports.Shareholders in Digital World Acquisition Corp. (DWAC) approved a one-year extension of the merger deadline between the two companies, according to the New York Times and Washington Post. Without that extension, DWAC would have faced liquidation on September 8. DWAC, a special purpose acquisition company, or SPAC, and Trump Media & Technology Group, which operates Trump's social media platform, Truth Social, didn't return requests for comment from CBS News. DWAC shares, which traded for $175 in 2021 shortly after the company's initial public offering, rose 3.9% in afternoon tr...
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Ex-White House Press Secretary Says She’s ‘Nervous’ Following Trump’s ‘Chilling’ Post
5Aug By adminNo Comments
Politics

Ex-White House Press Secretary Says She’s ‘Nervous’ Following Trump’s ‘Chilling’ Post

Stephanie Grisham, a White House press secretary under former President Donald Trump, said her ex-boss’ “chilling” Truth Social post made her “nervous” and declared that it should make other Trump critics feel similarly on Friday.Grisham, who also served as a chief of staff to former First Lady Melania Trump, weighed in after the former president wrote “IF YOU GO AFTER ME, I’M COMING AFTER YOU!” on his social media platform.“Well, I think it’s chilling. Legally, it doesn’t seem like it’s very smart. But how is that not intimidation? And, you know, what other people are going to take a message from that?” Grisham told CNN’s Brianna Keilar on Friday.“As we have seen and heard, people really believe that Donald Trump sent them to the Capitol and people really felt like hours later when he sa...
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