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Legal Fight Over Trump Media’s Ownership Adds to Its Woes
Posted inDigital World Acquisition Corp Litinsky, Andy Moss, Wes Orlando, Patrick F Securities and Exchange Commission Social Media Special Purpose Acquisition Companies (SPAC) Suits and Litigation (Civil) Trump Media & Technology Group Trump, Donald J Truth Social (Social Network)

Legal Fight Over Trump Media’s Ownership Adds to Its Woes

Two ex-contestants on “The Apprentice” sold the former president on the idea of a social media platform. Now, the company and the pair are wrangling over their stake.
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Posted by By Matthew Goldstein and David Yaffe-Bellany
Trump Media Share Price Drops Sharply
Posted inCompany Reports Digital World Acquisition Corp Mergers, Acquisitions and Divestitures Short Selling Special Purpose Acquisition Companies (SPAC) Stocks and Bonds Trump, Donald J Truth Social (Social Network)

Trump Media Share Price Drops Sharply

Funds that bet on a fall were set to profit as the parent of Truth Social came under renewed pressure after it registered new shares for a potential sale.
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Posted by By Matthew Goldstein and Joe Rennison
Traders Are Betting Millions That Trump Media Will Tumble
Posted inDigital World Acquisition Corp Futures and Options Trading Short Selling Trump Media & Technology Group Trump, Donald J Truth Social (Social Network)

Traders Are Betting Millions That Trump Media Will Tumble

The parent company of Truth Social is a popular target for short-sellers, even after they lost $100 million last month betting on a decline in the stock that didn’t come.
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Posted by By Joe Rennison
2 Brothers in Trump Media Insider-Trading Scheme Plead Guilty
Posted inDigital World Acquisition Corp Frauds and Swindling Garelick, Bruce Initial Public Offerings Insider Trading Liman, Lewis Jeffrey Mergers, Acquisitions and Divestitures Russia Securities and Commodities Violations Securities and Exchange Commission Shvartsman, Gerald Shvartsman, Michael Trump Media & Technology Group Trump, Donald J Truth Social (Social Network)

2 Brothers in Trump Media Insider-Trading Scheme Plead Guilty

Michael and Gerald Shvartsman, who had originally pleaded not guilty to securities fraud charges, each pleaded guilty to one count of securities fraud.
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Posted by By Matthew Goldstein

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