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Report: Trump Media Company Truth Social To Become Publicly Traded Company

By
Madeleine Jackson
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Image via Piaxabay

On Friday,  shareholders voted in favor of making Trump Media & Technology Group, the parent company of Truth Social, a publicly traded entity.

According to Fox Business, shareholders voted in favor of Trump Media & Technology Group (TMTG) merging with its special purpose acquisition company (SPAC) Digital World Acquisition Corp., a publicly traded shell company.

Last month, though, the SEC approved the merger.

Trump Media & Technology Group first launched in October 2021. 

Trump launched Truth Social in February 2022, a year after he was banned from platforms such as then-Twitter, Facebook and Instagram, following Jan. 6, 2021. Those bans have been lifted but the former President has refused to rejoin.

Fox Business has more:

The merger approval means TMTG stock will trade on Nasdaq as “DJT” as early as next week. 

Former President Trump, the presumptive 2024 GOP presidential nominee, holds 78.7 million shares in Trump Media & Technology Group. His personal stake in the company at its current stock price of approximately $44.17 would be worth between $3 billion and $4 billion. 

There is a six-month lock-up on Trump’s shares, but the board could vote to waive that rule. 

The merger brings Truth Social, which describes itself as a free-speech platform and a “safe harbor” from censorship on other Big Tech platforms, approximately $300 million to expand the platform.

The deal’s approval comes as Mr. Trump is facing a Monday deadline to cover a $454 million penalty in a civil fraud case in New York. 

The Daily Wire Cuts Ties With Candace Owens

By
Madeleine Jackson
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Image via Gage Skidmore Flickr

On Friday, The Daily Wire CEO Jeremy Boreing announced the company has ended its relationship with high-profile conservative commentator Candice Owens.

“Daily Wire and Candace Owens have ended their relationship,” announced Boreing on X.

Owens’ departure comes after months of tensions between her and Daily Wire co-founder Ben Shapiro over the Israel-Hamas conflict.

Mediaite has more:

In November, Boreing had insisted that Owens was “paid to give her opinion,” and that until her opinion violated the law or the terms of her contract, she would be “welcome at Daily Wire.”

But that defense of Owens came before any of her more recent and more brazen comments.

Amidst renewed attention on her anti-Semitic comments this week, Owens has doubled down. After the Anti-Defamation League noted that infamous white supremacist Nick Fuentes had been praising Owens for her rhetoric, Owens said she was “grateful” that the organization had “turned their smear merchant guns on me.

“The world already knows my heart. Their attacks will have the opposite desired effect. Awaken world,” she wrote on X.

New York Attorney General’s Office Preparing To Seize Trump’s Properties

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admin
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Marine One lifts-off after returning President Donald J. Trump to Mar-a-Lago Friday, March 29, 2019, following his visit to the 143-mile Herbert Hoover Dike near Canal Point, Fla., that surrounds Lake Okeechobee. The visit was part of an infrastructure inspection of the dike, which is part of the Kissimmee-Okeechobee Everglades system, and reduces impacts of flooding for areas of south Florida. (Official White House Photo by Joyce N. Boghosian) [Photo Credit: The White House from Washington, DC, Public domain, via Wikimedia Commons]

The New York Attorney General’s office has taken the initial steps to seize former President Donald Trump’s properties, including one of his golf courses and a private estate north of the Big Apple, known as Seven Springs.

As CNN reports:

State lawyers entered the judgments with the clerk’s office in Westchester County on March 6, just one week after Judge Arthur Engoron made official his $464 million decision against Trump, his sons Donald Trump Jr. and Eric Trump, and the Trump Organization.

Entering a judgment would be the first step a creditor would take to attempt to recover property. Additional steps, such as putting liens on assets or moving to foreclose on properties, or taking other actions in court would follow, if the asset is going to be seized.

The judgment is already entered in New York city where Trump’s properties including Trump Tower, his penthouse at Trump Tower, 40 Wall Street, his hotel abutting Central Park, and numerous apartment buildings are located.

Judgments have not been entered in Florida counties including Miami or Palm Beach where Trump’s Mar-a-Lago property and the Trump National Doral Golf Club and resort are located or Cook County, Illinois, where Trump’s hotel in Chicago is located, according to a review of records Thursday by CNN.

Trump has four days to satisfy the $464 million judgment.

This is a breaking news story. Please check back for updates.

This article originally appeared on American Liberty News. Republished with permission.

Republican Senator Todd Young Declares He Will Not Vote For Trump In November

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admin
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Donald Trump via Gage Skidmore Flickr

U.S. Senator Todd Young (R-Ind.) has announced that he will not be voting for former President Donald Trump in the upcoming November election.

“Principled conservatives need to incentivize our party to nominate somebody that principled conservatives can believe in. I’m tired of having my vote taken for granted,” the Indiana Republican announced on Wednesday night. 

The Washington Examiner’s Emily Jacobs reports:

Young split from the former president after he refused to accept the results of the 2020 election, though he voted against impeachment. He pledged not to vote for Trump again in 2023 over his conciliatory tone toward Russian President Vladimir Putin and the war in Ukraine and has remained undeterred by the wave of endorsements from his GOP colleagues.

…

Young said it was fair for people to ask if abstaining from casting a vote in November would “reward one person at the expense of the other,” adding, “My response is, at some point, principled conservatives need to incentivize our party, the Republican Party, to nominate somebody that principled conservatives can actually believe in.”

“Stated differently, I’m tired of having my vote taken for granted,” he explained. “I think a lot of Hoosiers are.”

Young and his colleagues who don’t support Trump have faced increasing questions about their respective plans for November as the former president became their party’s nominee. 

Former Vice President Mike Pence said last week that he could not endorse Trump “in this campaign,” citing his conscience. 

“I won’t be voting for Biden. I also won’t be voting for Trump,” Young told an Indiana reporter, echoing Pence’s announcement to Fox News’ Martha MacCallum. “So, does that mean I leave it blank? Does that mean I identify another conservative who’s almost certain not to be the next president of the United States and write them in? I haven’t decided that, and I think that’s a largely unimportant point. I don’t know who goes in that line, if anyone.” 

According to FiveThirtyEight, as of January 2021, Young supported the Trump administration’s legislative position 82.2% of the time.

This article originally appeared on American Liberty News. Republished with permission.

Liberal Influencer Triggers Intense Backlash Over Barron Trump Comments

    By
    Madeleine Jackson
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    Photo via Gage Skidmore Flickr

    This is disturbing…

    Mike Sington, a retired NBCUniversal senior executive who is now better known for his pro-liberal social media posts, commemorated Barron Trump’s 18th birthday on Wednesday with a sickening post on X. 

    “Barron Trump turns 18 today. He’s fair game now,” Sington wrote, sharing an image of him with his father. 

    Critics quickly attacked Sington for targeting Barron, who has largely stayed out of the public eye during and after the Trump presidency. 

    Sington deleted the post and walked back the comment but stopped short of offering an apology. 

    “I posted he was ‘fair game’ now, meaning, as an adult, he’s ‘fair game’ for criticism from the press,” Sington told Newsweek in a statement. “Someone pointed out to me ‘fair game’ could mean fair game to be harmed. I don’t wish physical harm on anyone, so I took it down. I listen to the comments and criticism I receive.”

    The former NBC executive has repeatedly commented on the former President’s family as Trump navigates multiple high profile lawsuits.

    Trump Fires Back at Republicans Refusing To Endorse Him

    By
    Madeleine Jackson
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    Mike Pence via Gage Skidmore Flickr

    Trump is responding after his former running mate and vice president said last week that he would not endorse Trump’s latest presidential campaign.

    Trump spoke with a group of reporters after he cast his ballot in the Florida primary election, which he later won. Trump was asked how he felt about Pence’s recent comments.

    “Oh, I couldn’t care less,” Trump told the press corps. “I couldn’t care less. We need patriots. We need strong people in our country. Our country is going downhill very fast, very rapidly.”

    He added: “Millions of people coming across the border, coming from jails, from prisons, coming from mental institutions and insane asylum terrorists. We need strong people in this country. We don’t need weak people.”

    Pence, who briefly ran for president in the 2024 cycle, announced last week that he would not endorse his former running mate.

    “It should come as no surprise that I will not be endorsing Donald Trump this year,” Pence said on “The Story.”

    “I’m incredibly proud of the record of our administration. It was a conservative record that made America more prosperous, more secure and saw conservatives appointed to our courts in a more peaceful world,” he added. “What I’m going to spend the rest of this year on is talking about what we should be for. And that is the broad mainstream conservative agenda that’s defined our party and always made America strong and prosperous and free.”

    GOP Governor Speaks Out On ‘Costly’ Decision Not To Endorse Trump

    By
    Madeleine Jackson
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    9
    The White House from Washington, DC, Public domain, via Wikimedia Commons

    Former Arkansas Gov. Asa Hutchinson, who ran for the GOP presidential nomination this year, is speaking out on his decision not to endorse Donald Trump.

    “I get asked a lot if I believe Trump is a threat to our democracy,” he writes in a USA Today op-ed. “I am not good at predicting the future, but we can learn from history and we should take heed when politicians tell us what they are going to do.”

    Hutchinson says in the piece that he voted for Trump twice, but that insight gleaned from former Rep. Liz Cheney (R-Wy.) and the Department of Justice on the Jan. 6, 2021 attack on the Capitol changed his mind.

    “In terms of history, we all witnessed the violent attack on our national Capitol on Jan. 6, 2021, by those wishing to overturn the last election,” he writes. “This was not an act of patriots as Trump likes to say, but it was a real threat to democracy.”

    “With Donald Trump’s domination of the GOP primaries and the elimination of all primary opponents, including the party leadership and Republican elected officials are clicking their heels in obedience to the victor and presumptive nominee. I have not endorsed Donald Trump for president, and I will not do so,” he writes.

    But Hutchinson says he can’t support Biden’s policies either.

    “Another important point to make is that I also will not vote for President Joe Biden. Biden’s weak border policies, his poor economic record and his slow growth energy policy do not justify reelection.”

    Report: Judge Allows Trump To Appeal Fani Willis Disqualification Ruling

    By
    Madeleine Jackson
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    3
    Gavel via Wikimedia Commons Image

    On Wednesday, a Georgia judge gave Donald Trump the green light to immediately appeal the recent ruling declining to disqualify Fulton County District Attorney Fani Willis (D) from overseeing the election interference case against the former President.

    In a brief order issued on Wednesday, Judge Scott McAfee granted the certificate of immediate review requested by Trump and eight of his co-defendants in the sprawling racketeering case.

    The Hill has more:

    They are now expected to ask the Georgia Court of Appeals to take up the disqualification battle before the case goes to trial.

    As the effort proceeds, however, McAfee made clear he won’t pause proceedings in his court.

    “The Court intends to continue addressing the many other unrelated pending pretrial motions, regardless of whether the petition is granted within 45 days of filing, and even if any subsequent appeal is expedited by the appellate court,” McAfee wrote in his ruling.

    judge-mcafee-certificate-of-immediate-review-willis-disqualificationDownload

    This is a breaking news story. Please check back for updates.

    Fox News Cuts Off Navarro Press Conference, Issues Fact Check

      By
      Madeleine Jackson
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      Looking east towards 6th Avenue along north (48th Street) side of Fox News building on a snowy afternoon. [Photo Credit: Jim.henderson, CC0, via Wikimedia Commons]

      On Tuesday, before Trump administration adviser Peter Navarro reported to prison Fox News unexpectedly cut away from the press conference to fact-check claims he was making.

      Navarro told reporters in Miami on Tuesday, “They can put me in prison; they can put you in prison.”

      “Make no mistake about that, and make no mistake about this: They are coming after Donald Trump with the same tactics, tools and strategies they used to put me over there today,” he continued.

      Navarro also claimed he was the “first senior White House adviser in the history of our republic that has ever been charged with this alleged crime.”

      As the network cut away from Navarro’s press conference, Fox anchor Sandra Smith said “to fact-check there. It is no longer an alleged crime that he’ll be serving this four-month sentence for.”

      “He has obviously been convicted, and there was no evidence that did … that would have excluded him, per executive privilege, from testifying,” she said.

      Navarro, 74, was convicted last year on two counts of contempt of Congress.

      Supreme Court Green Lights Texas Law Allowing Police To Arrest Illegal Immigrants

      By
      admin
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      3
      Duncan Lock, Dflock, CC BY-SA 3.0 via Wikimedia Commons

      On Tuesday, the U.S. Supreme Court allowed Texas law permitting state officials to arrest illegal migrants to take effect.

      The decision comes one day after the Supreme Court extended an administrative stay on the state law while it considered an emergency appeal by the Biden administration, CNN reported.

      Last year, Gov. Greg Abbott signed Senate Bill 4 into law but it was initially blocked by a federal judge before a federal appeals court reversed the judge’s decision and allowed the law to go into effect. However, the Supreme Court intervened earlier this month — first, delaying the law’s implementation and then extending the stay until March 18. (RELATED: Federal Judge Blocks Texas Border Security Law)

      SB 4 allows state officials to arrest and jail immigrants suspected of entering the U.S. unlawfully and also grants state judges the power to order deportations. 

      The Supreme Court’s Monday decision placed a stay on the Texas law “pending further order” from the court, according to NBC News.

      “SCOTUS temporarily halted enforcement of SB 4 but Texas is still using its authority to arrest illegal immigrants for criminal trespass and other violations of law,” Abbott said. “We continue building the wall, use [National Guard] to erect razor wire barriers to repel migrants & buoys remain in river.”

      Biden’s Justice Department has asserted that the law violates the Supremacy Clause of the U.S. Constitution which prohibits states from interfering with the federal government using its constitutional powers.

      The DOJ argued that “SB 4 impedes the federal government’s ability to enforce entry and removal provisions of federal law and interferes with its conduct of foreign relations.”

      Texas Attorney General Ken Paxton has argued that Texas has a constitutional right and duty to protect itself from “violent” cartels who traffick drugs and people across the U.S. southern border.

      “[The] Constitution recognizes that Texas has the sovereign right to defend itself from violent transnational cartels that flood the State with fentanyl, weapons, and all manner of brutality,” Paxton said.

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