Random

    Business

    Home Business

    Big Tech Leaders Boost Trump To The Tune Of $12 Million At San Francisco Fundraiser

    By
    admin
    -
    2
    Former President of the United States Donald Trump speaking with attendees at the 2022 Student Action Summit at the Tampa Convention Center in Tampa, Florida. [Photo Credit: Gage Skidmore from Surprise, AZ, United States of America, CC BY-SA 2.0 , via Wikimedia Commons]

    On a bustling Thursday night in San Francisco, former President Donald Trump marked another impressive milestone in his 2024 presidential campaign. The presumptive Republican nominee and front-runner, according to the polls, celebrated a monumental $12 million fundraising haul. The fundraising event, hosted by prominent Silicon Valley figures, David Sacks and Chamath Palihapitiya, highlighted the undeniable shift in the tech industry, an arena traditionally dominated by liberal ideologies.

    “These are brilliant guys – AI guys – these are the guys that are doing all the things you read about,” Trump gushed to Fox News Digital. These are just a brilliant group of people. And they can’t relate to Biden because he is a stupid person – and I have a high IQ.”

    Gage Skidmore from Surprise, AZ, United States of America, CC BY-SA 2.0 , via Wikimedia Commons

    “They don’t like dealing with an IQ that’s like, you know, 1/3 of theirs, because it is a difficult thing when someone has an IQ of 180, it is difficult to deal with a man with an IQ of 70 – or maybe lower,” Trump added, attempting to goad the current president.

    Sacks endorsed Trump hours before the high-dollar fundraiser at his multimillion-dollar home, located near the residence of Nancy and Paul Pelosi, symbolizing the growing willingness of certain tech industry leaders to publicly support Trump, a stance that previously rendered individuals persona non grata in Silicon Valley. (RELATED: San Francisco Sued Over Gender Scheme Targeting Minority Men)

    Known for his business acumen and successful investments, including his status as an angel investor for Facebook, Uber, SpaceX, and Airbnb, Sachs’ support signals a broader acceptance of Trump’s candidacy within a traditionally GOP skeptical community.

    Trump told Fox News Digital that Sacks’ “strong” endorsement “is a great testament to what I’ve accomplished.”

    “David Sacks — the king of that world — David Sacks and the group that we were with are the most respected people in San Francisco from both a business and high tech standpoint,” Trump told Fox News Digital. “They love our country and they understand what’s happening into the future with technology better than any group, anywhere in the world.” 

    “One of the primary reasons for the endorsement was the four years that we had in office, which was the best four years ever for high tech, which will play an increasingly important role in the future of our country, especially as it relates to AI and all of the other new and brilliant technologies coming right at this moment,” Trump said. “It is a very exciting time and it is a great honor to have the most brilliant minds supporting, by far, the most brilliant leader.”

    “My reasons rest on four main issues that I think are vital to American prosperity, security and stability — issues where the Biden administration has veered badly off course and where I believe President Trump can lead us back,” Sacks said Thursday. 

    Other guests at Sacks’ Pacific Heights fundraiser included the Winklevoss twins, who successfully sued Facebook CEO Mark Zuckerberg for allegedly stealing their idea, which later became Facebook.

    JD Lasica from Pleasanton, CA, US, CC BY 2.0 , via Wikimedia Commons

    “He wasn’t the guy I see on TV,” one source told the New York Post. “He was very thoughtful and self-deprecating.” More than 100 guest attended the San Francisco soirée, paying as much as $300,000 a head.

    Historically, Silicon Valley has been a bastion of liberal politics, with many tech leaders supporting Democratic candidates and policies. This alignment was driven by shared values around social issues and environmental sustainability. (RELATED: Google Shuts Down Its AI Chatbot ‘Gemini’ For Being Woke And Racist)

    However, the dynamics may be changing. The industry’s rapid growth has brought increased scrutiny and regulatory pressures from Democratic lawmakers. Concerns over antitrust actions, data privacy regulations and labor practices have strained relationships between tech giants and the Democratic Party.

    In contrast, Trump’s deregulatory stance, pro-business policies and tax reforms align with the interests of a growing number of Silicon Valley insiders.

    READ NEXT: TV Icon Bids Farewell In Heartfelt Video – Watch!

    Article Published With The Permission of American Liberty News.

    Report: Trump Set To Become One Of World’s Most Wealthy People

    By
    Madeleine Jackson
    -
    0

    Former President Donald Trump will become one of the 500 richest people in the world after his media company begins public trading on Tuesday, according to a report by Bloomberg News.

    The Daily Caller has more:

    Trump, the presumptive Republican presidential nominee, established the Trump Media & Technology Group (TMTG) in February of 2021 to develop an alternative social media website, following his removal from Twitter after the events of Jan. 6, 2021, with the new website “Truth Social” being unveiled in 2022. On Monday, TMTG completed a merging process with DWAC, a special-purpose acquisition corporation, that would allow the company to be publicly traded on the National Association of Securities Dealers Automated Quotations stock exchange, also known as the “Nasdaq” exchange, with Trump’s 58% stake in the company being valued at $3.9 billion, according to Bloomberg News. 

    The share price of DWAC increased by 35.22% to close at $49.95 on Monday when the closing of the deal was announced, with the new company retaining the TMTG name and changing its stock ticker to Trump’s initials, “DJT.” The process will increase Trump’s net worth to $6.4 billion, according to Bloomberg.

    Trump’s net worth, which until recently has primarily comprised real property of The Trump Organization, has been subject to varying estimates. The Australian Financial Review estimated his net worth to be $9.8 billion following the TMTG acquisition process, while Forbes maintains his net worth at $2.6 billion as of Monday — making him the 1,265th richest person in the world — with its highest-ever estimate for his net worth being $4.5 billion in 2016.

    Truth Social has reported many losses since its creation, with Trump being the primary user of the platform with the largest number of followers. He often announces major legal and campaign decisions on the platform, similar to his use of Twitter during his presidency.

    Trump will not be able to sell his stake in TMTG for at least six months following the commencement of trading

    Trump Returns To Twitter – Now X

    By
    Madeleine Jackson
    -
    0
    Photo via Pixabay images

    Former President Donald Trump’s official X account is back…for now.

    The first ad, posted at 2:54 am, included a voiceover from Ronald Reagan and was captioned, “Are you better off now than you were when I was president? Our economy is shattered. Our border has been erased. We’re a nation in decline. Make the American Dream AFFORDABLE again. Make America SAFE again. Make America GREAT Again!”

    Another ad was published at 3:00 am and read, “They want to silence me because I will never let them silence you. They’re not coming after me, they’re coming after you. I just happen to be standing in their way and I’m never moving. We will Make America Great Again!”

    Musk and Trump will talk live on X at 8 pm ET and Musk has already addressed the technical issues that have plagued past events – including the glitchy of Florida Gov. Ron DeSantis’s (R) presidential campaign last spring.

    “Am going to do some system scaling tests tonight & tomorrow in advance of the conversation,” Musk wrote on X ahead of the event.

    Trump had been banned from Twitter, which Musk bought for a staggering $44 billion and renamed X, after the January 6th attack on the U.S. Capitol.

    Trump has only posted once since Musk restored his Twitter account, @realDonaldTrump, as the former president reserves his social media usage for Truth Social, which he owns. In August of 2023, Trump post his Fulton Country jail mugshot with a link soliciting donations.

    Andrew Cuomo to Launch New Podcast with First Guest Anthony Scaramucci

    By
    Madeleine Jackson
    -
    2
    Photos from the opening of the new Delta Air Lines terminal in LaGuardia Airport in Queens, NY, on Tuesday, Oct. 29, 2019. (Chris Rank for Rank Studios) (Photos from the opening of the new Delta Air Lines terminal in LaGuardia Airport in Queens, NY, o

    Look at how far Andrew Cuomo has sunk.

    After resigning as New York Governor due to allegations of sexual misconduct Cuomo announced he plans to start a new business venture. Cuomo’s newest foray into the public sphere comes in the shape of a podcast and one of his first guests is scheduled to be President Donald Trump’s former communications director Anthony Scaramucci.

    Scaramucci, who briefly served the Trump administration in 2017, has emerged as a critic of Trump and expressed his support for Biden in the 2020 election.

    According to The Hill:

    Cuomo will this week debut a new hourlong show he is calling “As a Matter of Fact” on podcast streaming service Quake, he told Axios, and the show will aim to “hear from people — their questions, their issues — and have that dialogue.”

    The former governor told Axios this week he has “learned from the entire situation.”

    “There’s a fundamental problem with the entire system here,” Cuomo told the outlet of the media ecosystem writ large. “We have such division of people and we have such dysfunction of government, and part of it is this hyper-partisan, extreme dialogue that goes on.”

    “There is a new sensitivity that I didn’t fully appreciate that some people have, and some people have a new sense of cultural boundaries that I didn’t appreciate enough,” Cuomo said.

    It seems the disgraced governor is following in his brother’s footsteps. Chris Cuomo, who was a leading anchor at CNN during the Cuomo sex scandal, also started a new podcast after being fired from the network.

    MyPillow CEO Mike Lindell Sued For $800,000

    By
    Madeleine Jackson
    -
    1
    Mike Lindell via Gage Skidmore Flickr

    Ouch…

    Shipping and logistics company DHL sued Mike Lindell’s MyPillow this week over an alleged shipping debt of nearly $800,000.

    In the lawsuit filed in Minneapolis on Monday, DHL alleged Lindell’s company violated a previous lawsuit settlement from May 2023 which required MyPillow to pay off its $775,000 debt to DHL in 24 monthly installments.

    According to the lawsuit, MyPillow only partially paid off the required installments, paying DHL $64,583.34, with the last installment in June.

    DHL reportedly threatened to sue MyPillow in July and, after several months of no success, finally filed its lawsuit in court this week.

    DHL is now seeking $799,925.59 from MyPillow, along with attorney fees and an 18% annual interest.

    Gavel via Wikimedia Commons Image

    Lindell who has been a vocal and active supporter of former President Donald Trump has been embroiled in a number of lawsuits over the past few years, including defamation lawsuits from Dominion Voting Systems and Smartmatic over his allegations that the 2020 election was rigged.

    In February, Lindell was ordered to pay $5 million to a man after he lost his own “Prove Mike Wrong” challenge.

    In March, MyPillow was evicted from a warehouse in Minnesota for allegedly being $200,000 behind on rent.

    Senators Call On SEC To Open Investigation Into Trump For Insider Trading

    By
    Madeleine Jackson
    -
    5

    Democrats are getting desperate…

    Senate Minority Leader Chuck Schumer (D-NY) and Sen. Elizabeth Warren (D-MA) sent a letter to the Securities and Exchange Commission (SEC) this week asking for an investigation into President Donald Trump’s social media posts urging stock market purchases ahead of his tariff pause announcement

    “We ask the SEC to determine whether President Trump, any members of his cabinet, or other donors, insiders, and administration officials engaged in insider trading, market manipulation or other securities laws violations on April 9, 2025, when President Trump announced that it was a ‘GREAT TIME TO BUY’ into the stock market,” the senators wrote in a scathing letter.

    Sens. Adam Schiff (D-CA), Ron Wyden (D-OR), Mark Kelly (D-AZ), and Ruben Gallego (D-AZ) also signed the letter, which slammed Trump for urging his social media followers to buy stocks “just hours before he announced a 90-day pause on his recently announced tariffs, leading to a historic market rally after days of dramatic market declines.”

    “THIS IS A GREAT TIME TO BUY!!!” Trump wrote on Truth Social at 9:37 am just ahead of his announcement that he would pause additional tariff increases on 75 countries for 90 days while slapping even higher levies on China.

    The letter was addressed to SEC Commissioner Paul Atkins, a Trump appointee, who was confirmed by the Senate on Thursday.

    “It is unclear which officials and affiliates for President Trump had advance knowledge of his plans to delay tariffs — but insiders may have known that he was going to announce a tariff pause and that the market would improve,” argued the Senators.

    New York Launches Probe Into Trump Judge

    By
    Madeleine Jackson
    -
    4
    Gavel via Wikimedia Commons Image

    The New York State Commission on Judicial Conduct has launched an investigation into a New York attorney’s claim that he advised Judge Arthur Engoron in the case against former President Donald Trump.

    Attorney Adam Leitman Bailey told WNBC-TV that he had a courthouse conversation with Engoron three weeks before the judge would slap Trump with a $454 million penalty for fraudulently inflating the value of his assets.

    New York judges are barred from considering outside opinions in such a way when litigating a case, yet Bailey said he discussed the legal questions at length with the judge.

    Judge Engoron’s ruling ordered Trump to pay nearly $355 million, Donald Jr. and Eric to each pay $4 million, and ex-Trump Org chief financial officer Allen Weisselberg to pay $1 million. The order also barred Trump from serving as a corporate officer or a director of a company in New York for three years, and barred his sons for two years. The Trumps did avoid the so-called “corporate death penalty;”

    “I actually had the ability to speak to him three weeks ago,” Bailey said in an interview with the station on Feb. 16, just hours before the judge issued his ruling.

    “I saw him in the corner [at the courthouse], and I told my client, ‘I need to go,’” he recounted.

    “And I walked over, and we started talking … I wanted him to know what I think and why … I really want him to get it right,” the attorney continued.

    He said he “explained to” Engoron that ruling against Trump would have far-reaching implications beyond destroying the former president, including damaging New York’s economy.

    If Trump were forced to pay a hefty fine and shut down his business, it would make other companies concerned about similarly being targeted at any time, even when there were no actual damages or victims, as in this case.

    Trump’s legal team raised the same points, which Engoron ignored in his verdict.

    In a later interview with WNBC, Bailey walked back his claims slightly, saying they “didn’t even mention the word ‘Donald Trump’” during their conversation.

    However, the attorney admitted that it was understood exactly what they were discussing.

    “Well, obviously, we weren’t talking about the Mets,” Bailey said.

    According to the New York State Rules of Judicial Conduct, “a judge shall not initiate, permit, or consider ex parte communications, or consider other communications made to the judge outside the presence of the parties or their lawyers.”

    Al Baker, a spokesman for the state’s Office of Court Administration, denied that the judge had broken those rules.

    “The decision Justice Engoron issued February 16 was his alone, was deeply considered, and was wholly uninfluenced by this individual,” Baker said in a statement, according to WNBC.

    Family of Isaac Hayes Sues Trump Over Playing Hit Song

    By
    Madeleine Jackson
    -
    5
    Gage Skidmore Flickr

    The family of late soul singer Isaac Hayes is suing former President Donald Trump for using the icon’s music at his rallies, Isaac Hayes III announced last week.

     The filing accused the former president and the Republican Nation Committee of “willfully and brazenly” engaging in 134 counts of copyright infringement.

    A letter to Trump and his campaign from the Georgia-based law firm Walker & Associates reads:

    Our firm has been retained by the family and Isaac Hayes Enterprises, who own the copyright to the musical composition and recording “Hold On (I’m Coming)” (the “Song”). It has come to our attention that you or the campaign have authorized the illegal public performance of the Song on multiple occasions during various rallies for your political campaign without authorization from the copyright holder, despite being asked repeatedly not to engage in such illegal use by our client.

    Upon information and belief, you, your campaign, and/or the RNC and other parties have willfully and brazenly engaged in copyright infringement in violation of several provisions of Title 17 U.S.C., including § 501, of the Copyright Act of 1976, as amended, over one hundred times. We have attached for your convenience a non-exhaustive list attached hereto as Exhibit A. As we prepared this letter, there was an additional use in Montana just two nights ago, even with your office apparently aware that you had no permission. We and the family hereby demand that you cease the continual infringement of our copyright and stop all unauthorized use of the Song.

    The suit further demands Trump pay $3 million, stop using the song, and to remove any campaign multimedia of the song being played at rallies. Hayes’ estate also demanded Trump issue a statement acknowledging he played the song without permission.

    Amanda Head: Debt Deal Is A Disaster!

    By
    Amanda Head
    -
    0

    Capitol Hill is in a frenzy over the latest debt deal reached between lawmakers.

    Watch Amanda explain the situation below:

    Opinions expressed by contributors do not necessarily reflect the views of Great America News Desk.

    Trump’s Truth Social Merger Deal Hits A Pause

    By
    Madeleine Jackson
    -
    0
    Photo via Gage Skidmore Flickr

    It’s a bad time to be Trump…

    New reports indicate the potential merger deal with the former President’s Truth Social platform is dead in the water.

    The Daily Beast reports:

    The public shell corporation that has been preparing to merge with former President Donald Trump’s technology firm—the parent company of his social media platform, Truth Social—announced Thursday that it was dropping its plans to pursue the merger through a specialized process called a ​​private investment in public equity (PIPE) transaction. The company also said it planned to return $533 million it had raised from investors to complete the deal. The merger between Digital World Acquisition Corp. (DWAC), a special purpose acquisition company, and Trump Media & Technology Group failed to materialize by a September 2022 deadline set by U.S. regulators, giving DWAC the option to back out of the deal. A TMTG spokesperson claimed in a release Thursday that the two companies still planned to merge and said the development was, in fact, a positive step—but declined to comment when pressed by Reuters to say how backing out of the PIPE deal would benefit either party.

    This is a breaking news story. Click refresh for the latest updates.

    123Page 1 of 3
    © Great America News Desk 2022