Exclusive: Trump left Sarasota media company weeks before federal subpoenas were issued https://www.heraldtribune.com/story...any-florida-federal-investigation/7828534001/ Donald Trump removed himself from the board of his Sarasota-based social media company, records show, just weeks before the company was issued federal subpoenas by both the Securities and Exchange Commission and a grand jury in Manhattan. Trump, the chairman of Trump Media and Technology Group, was one of six board members removed on June 8, state business records show. Among the board members removed were Kashyap Patel, Trump's former point man in the White House; Scott Glabe, a former assistant to Trump who was counsel for the media company; and Donald Trump, Jr. The SEC served Trump Media and Technology Group with a subpoena on June 27, according to a regulatory filing. Trump's media company owns Truth Social, an app similar to Twitter. Trump was banned by Twitter for inflammatory remarks concerning the insurrection. Four days later, on July 1, a grand jury in the Southern District of New York handed the company another federal subpoena, an action that typically means a potential criminal investigation is in progress. The investigations appear to be related to a proposed merger between Trump's media company and a blank-check company called Digital World Acquisitions Corp., according to a recent regulatory filing. Digital World is a special purpose acquisition company, or SPAC. Companies such as these raise money to go public with the intent of finding a company to merge with. SPACs are prohibited from finding a partner before going public, but the SEC is investigating potential talks between the two companies that were possibly premature, according to a filing. The merger between the two companies could reportedly mean $1.3 billion in capital and a listing on the stock exchange for the new company, according to the New York Times. Digital World revealed in a recent filing that its board of directors had previously received similar subpoenas. According to Digital World's filing, the grand jury subpoenas served on Trump's company were seeking a "subset of the same or similar documents demanded in subpoenas to Digital World and its directors." The SEC's subpoena, according to a filing, seeks "documents relating to, among other things, Digital World and other potential counterparties for a business transaction involving TMTG." In addition to Trump's company being served by a grand jury, "certain current and former TMTG personnel" were also subpoenaed. Those "personnel" were not identified. In a statement, Trump Media said it "will continue cooperating fully with inquiries into our planned merger and will comply with subpoenas we've recently received, none of which were directed at the company's chairman or CEO." What the statement did not mention was that Trump is no longer chairman, at least according to the state business filing. Former California Congressman Devin Nunes is listed as the media company's CEO. A businessman named Phillip Juhan is the company's CFO. They are now the only two board members listed, both using the same Sarasota office address. The removal of Trump and the other board members not only preceded two federal subpoenas but also occurred shortly after Trump registered his company in Sarasota, which happened on April 18. Trump Media's office is on the second floor of an office building on Cattlemen Road. A visit to the office by the Herald-Tribune on June 27 revealed Trump's company name was not on the registry in the main lobby, nor was there any reference to the name at the office suite itself. There was no receptionist either, just a note to ring the doorbell for assistance. The visit to the office by the Herald-Tribune took place on the same day the SEC served Trump's company with the subpoena. The lack of Trump's name – among the most recognizable in the world – in the office building was notable as the former president has a licensing agreement with Trump Media for use of his name. A social media platform is vital to Trump, most recently evidenced by his harsh criticism on Truth Social of Cassidy Hutchinson, the former White House aide who told the House select committee of Trump's insistence that he go to the Capitol during the riots. It is still not known why Trump selected Sarasota as home to his company, though it is close proximately to Rumble, the video media platform company used by Truth Social. Rumble is located on Longboat Key, 11 miles from Trump Media's headquarters. Truth Social was formed roughly a year after the Jan. 6 attacks, but the app struggled with technical issues, and its ability to attract followers lagged. On April 22, the technical issues appeared to be solved as Rumble announced the successful migration of Truth Social's website and mobile apps to its Cloud infrastructure. On April 18, four days prior to that announcement, Trump Media registered as a business with the state of Florida, listing Sarasota as its address and the former president of the United States as a board member.
They should. It's basically Smollett 2.0 except in this case there are potential victims (the accused).
This grifter still wants to be president , -------------------------------------------------------------------------------------------------
Trump’s TRUTH Social Turns Users’ Info Over to Police – Just Like Facebook and Twitter https://www.mediaite.com/politics/t...ver-to-police-just-like-facebook-and-twitter/
There should be less PC policing by all of those social media platforms but MORE actually cooperating with real law enforcement issues. Fucking Facebook and Twitter are up to their arses in tolerating/promoting child porn, human trafficking etc. but obsessed with all the pc stuff.
Drop in Trump popularity could tank Truth Social, says company backing app https://www.washingtonexaminer.com/policy/technology/trump-popularity-tank-truth-social The company funding Donald Trump's social media app Truth Social warned that the company could suffer if the former president's approval wanes. Digital World Acquisition Corp, the blank-check company that agreed to merge with Trump Media and Technology Group, said in a filing Monday that it believes that a shift in Trump's approval ratings could hurt the company's profitability. Trump's popularity is being tested anew following the FBI investigation of his Mar-a-Lago residence. "While TMTG believes there is sufficient demand for a true free speech platform, the image, reputation, popularity, and talent of its Chairman, President Trump, will be important factors to its success," the filing states. It then pointed to a Hill poll from March 2021 alleging that only 30% would want to use a social media app connected to Trump, as well as an October 2021 New York Post poll noting that over 60% of Republicans would use such a platform. "In order to be successful, TMTG will need millions of those people to register and regularly use TMTG's platform. If President Trump becomes less popular or there are further controversies that damage his credibility or the desire of people to use a platform associated with him, and from which he will derive financial benefit, TMTG's results of operations, as well as the outcome of the proposed Business combination, could be adversely affected," the filing adds. The blank-check company also noted the Securities and Exchange Commission and Justice Department investigations into the organization's deal with TMTG as concerns. The filing set a Sept. 6 shareholder meeting so investors in Digital World Acquisition can vote on whether to delay or maintain the Sept. 8 deadline for completing a merger with TMTG. While the Truth Social app experienced a rocky start in early February, it saw a surge of downloads in the days after the FBI raided Mar-a-Lago to seek whether the former president kept "highly classified" documents.
Its a failed enterprise already. The people who go there claim they are about things like family values but that app will never get that sort of vibe going. It tried to be a copy cat of Twitter but Twitter is propelled by news, experts, governments and professionals. None of those types would ever be associated with truth. So what is left? Trump tards as far as the eye can see and anyone there that is any sort of professional is in it for the grift. There is no money in Truth social. Trumps people are 24 hour a day tv watchers. This is where TMTG should be putting their money. Trump could do Fox News numbers but he’ll never pull off the social media stuff.
Put it in the same pile with Trump Steaks, Trump Airlines, Trump Vodka, Trump: The Game, Trump Magazine, Trump University, Trump Ice, etc., along with the casinos, resorts, and whatever else he managed to brown up by just looking at it.