Lawsuits could stall Trump Media’s long-delayed merger, which would provide the social media company with cash to fund Donald J. Trump’s Truth Social.
Category: Truth Social (Social Network)
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Trump Media’s Impending Merger May Give Him a Financial Lifeline
The deadline for the former president to pay a $454 million civil fraud penalty coincides with the expected closing of a deal involving his social media platform, Truth Social.
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Digital World Shares Surge as Republican Primary Field Narrows
Shares of the SPAC that plans to merge with Trump Media jumped after Donald Trump’s rival Ron DeSantis quit the primary race.
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Buyer of Trump’s Truth Social Gets More Time to Complete Long-Delayed Merger
Shareholders in a shell company that has been trying for nearly two years to merge with former President Donald Trump’s media company approved a 12-month extension to complete the deal.
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Trump Returns to X, the Service Formerly Known as Twitter
Absent for more than two years, former President Donald J. Trump posted his mug shot on the site, now called X.
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Shell Company Seeks to Extend Deadline for Merger With Trump Media
The merger has been delayed several times since it was announced in October 2021, but now faces a time crunch before a looming liquidation date.
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Shell Company Seeks to Extend Deadline for Merger With Trump Media
The merger has been delayed several times since it was announced in October 2021, but now faces a time crunch before a looming liquidation date.
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SPAC Tied to Trump’s Media Company Will Pay $18 Million to Regulators
Digital World will pay a penalty to the Securities and Exchange Commission to settle an investigation into its planned merger with Trump Media & Technology Group.
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SPAC Tied to Trump’s Media Business Says It Has a Deal With Regulators
Digital World’s settlement with the S.E.C. could clear the way for a merger with Trump Media & Technology Group.
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Two Charged With Illegally Trading Ahead of Trump Media Merger
The arrests come after an investigation by federal prosecutors into trading in the securities of Digital World Acquisition Group, which merged with former President Trump’s social media platform.
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The Future of Social Media Is a Lot Less Social
Facebook, TikTok and Twitter seem to be increasingly connecting users with brands and influencers. To restore a sense of community, some users are trying smaller social networks.
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SPAC Tied to Trump Media Rushes to Complete Deal
The New York Times – Business:The merger of Digital World and Trump Media has been held up by investigations, but executives are rushing to complete the deal by a Sept. 8 deadline.