Donald Trump’s social media company Trump Media managed to go public last week only after it had been kept afloat in 2022 by emergency loans provided in part by a Russian-American businessman under scrutiny in a federal insider-trading and money-laundering investigation.
The former US president stands to gain billions of dollars – his stake is currently valued at about $4bn – from the merger between Trump Media and Technology Group and the blank-check company Digital World Acquisition Corporation, which took the parent company of Truth Social public.
But Trump Media almost did not make it to the merger after regulators opened a securities investigation into the merger in 2021 and caused the company to burn through cash at an extraordinary rate as it waited to get the green light for its stock market debut.
The D.C. Court of Appeals has temporarily suspended the law license of former President Trump’s ex-lawyer...
Hope Hicks, Donald Trump’s 2016 campaign press secretary, broke into tears on Friday while testifying in...
Gregory Pflugfelder had just finished the final class of his career at Columbia. In 28 years...
The auditor for former president Donald Trump’s Trump Media was accused of running a “massive fraud”...
