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The Latest Breaking News from TMTG

Truth Social’s Parent Company Reports A $73 Million Losss

Former President Donald Trump's legal troubles could potential hurt his profits on his company and platform.

Zenger

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.

Evening Standard

Truth Social posts $23M loss: report

Trump's social media platform is struggling, SEC filing shows

Salon

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Trump’s Truth Social platform has lost $73m since launch, filing shows

Platform posted loss of $50m in 2022, with net sales of just $1.4m, and lost $23m in first half of this year, with net sales of $2.3m

The Guardian - US

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

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

Trump plots Twitter return

He has a financial incentive to keep the rage flowing on Truth Social, but the election is calling.

Axios

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Is Digital World Acquisition (DWAC) a Winner?

Shares of special purpose acquisition company Digital World (DWAC) have plummeted more than 70% over the past year. The stock has been on a downtrend since news of the merger with Donald Trump’s media company broke in 2021, with federal investigations delaying the deal’s closing. So, following Trump’s recent indictment,…

StockNews.com

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

Federal prosecutors probed Trump social media company for $8m money laundering, report says

Multiple federal regulators have probed social media firm

The Independent UK

News Corp and Fox Corp's Possible Consolidation, Faster Lead Times For iPhone 14 Models, Kanye West Buys Conservative Social Media Platform, Twitter Prepares Tackling Spread Of Misinformation: Top Stories Monday, Oct. 17

Wall Street Journal Rupert Murdoch Explores News Corp and Fox Corp Consolidation

Benzinga

Google Allows Donald Trump's Truth Social in Play Store

Google on Wednesday said it has allowed Donald Trump's Truth Social app in its Play Store for Android devices -- after receiving assurances the app would meet the platform's standards for moderating harmful content. The app -- which Trump launched after being barred from Twitter over the 2021 Capitol riot…

Asharq Al-Awsat

Technology: Google Allows Donald Trump's App Truth Social On Play Store

Former President Donald Trump's social media app Truth Social is now available for download on the Google Play Store, as per The Verge. Read more on Dynamite News:

Dynamite News

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

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Salon

Trump Truth Social deal on life support

The blank-check SPAC deal set to infuse over $1 billion into Truth Social may be dead after shareholder vote

Asharq Al-Awsat

Truth Social Android App Not Approved on Google Play Store

Former US President Donald Trump's social media platform Truth Social has not yet been approved for distribution on Alphabet Inc's Google Play Store due to insufficient content moderation, according to a Google spokesperson on Tuesday. The delay marks a setback for the app, which launched in the Apple App Store…

Axios

Truth Social's ugly truth

Former President Trump's alternative to Twitter is facing serious financial and legal stress.

Benzinga

Highly-Sought-After 2019 Memo On Whether Trump Should Be Prosecuted Released By Justice Department

The U.S. Department of Justice has released a legal memo that examined the actions of former President Donald Trump during the time special counsel Robert Mueller carried out an investigation into Russian interference in the 2016 presidential elections.

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news in one place.

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McClatchy Washington Bureau

Devin Nunes has to turn over details on his job for Trump’s company in lawsuit he started

WASHINGTON — More details about former Congressman Devin Nunes’ assumption of Truth Social could be revealed as part of a lawsuit that he filed against a magazine company.

Benzinga

How Trump's Interactions With FBI Went From Sweet To Sour: WSJ Report Details

Interactions between former President Donald Trump’s team and the Federal Bureau of Investigation reportedly began on a cordial note but turned sour later. See Also: How To Buy TMTG IPO Stock

Benzinga

Trump Plays Down Saudi Links To 9/11 At Golf Tournament Despite Protests By Victim Families

Former President Donald Trump said “nobody’s gotten to the bottom of 9/11” on Thursday when he was asked about the attack on the United States at a Saudi-backed golf tournament.

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

Benzinga

3 Things You Need To Know Today

Happy Monday Zingernation! All major indices are in the green, but barely, heading into the new trading week. Investors are hoping for a strong start to the week after markets rallied last week, with the S&P 500 finishing up more than 6% throughout the last five trading days.

The Guardian - US

Blow for Trump’s Truth Social as merger company hit by grand jury subpoenas

Disclosure of subpoenas for board members by blank cheque firm Digital World is latest blow to Donald Trump’s social media plans

The Independent UK

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

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