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☆ Opinion | What Worries Me Most About a Trump Presidency
▼ + stars: | 2024-04-10 | by ( Caroline Fredrickson | ) www.nytimes.com time to read: +2 min

What we should fear most is Mr. Trump transforming our government into a modern-day Tammany Hall, installing a kleptocratic leadership that will be difficult if not impossible to dislodge. I do not discount the possibility of state-sponsored violence, and I worry deeply about the politicization of the civil service. Recall how Mr. Trump operated in his first term. Those interested in currying favor with the president, from foreign governments to would-be government contractors, knew to spend money at his hotels and golf clubs. According to internal Trump hotel documents, T-Mobile executives spent over $195,000 at the Trump Washington Hotel after announcing a planned merger with Sprint in April 2018.

Persons: Donald Trump, Trump Organizations: Justice Department, Tammany Hall, Secret Service, Mobile, Trump Washington Hotel, Sprint Locations: Trump

☆ Trump's initials are publicly tradeable once again — this time during a campaign
▼ + stars: | 2024-03-26 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Read previewFormer President Donald Trump is a publicly tradeable asset once again. Trump's initials are one of the new stock symbols for Truth Social's parent company. Symbols can range from the fairly obvious APPL (Apple) to the playful, motorcycle maker Harley-Davidson uses HOG on the New York Stock Exchange. Trump's political fortunes will be closely tied to Truth Social's parent, Trump Media & Technology Group. By 2004, the company was delisted from the New York Stock Exchange after filing for Chapter 11 bankruptcy protection.

Persons: —, Donald Trump, Davidson, Trump, It's, Jeffrey Yass, Donald Trump Jr Organizations: Service, Nasdaq, New York Stock Exchange, Business, Trump Media & Technology Group, Trump Media, Susquehanna International Group, New York Times, Biden, Susquehanna, Trump Hotels, Casino Resorts, Atlantic Locations: Yass

☆ Trump’s Truth Social is going public today. Experts warn $9 billion valuation defies logic
▼ + stars: | 2024-03-26 | by ( Matt Egan | ) edition.cnn.com time to read: +8 min

Truth Social had just 494,000 monthly active US users on iOS and Android combined in February, according to Similarweb stats provided to CNN. Even Threads had more than 10 times the number of monthly active users that Truth Social had in February, according to Similarweb. The last Trump company to go public, Trump Hotels and Casino Resorts in 1995, used the same DJT ticker symbol. Like any social media business, Truth Social faces pressure to grow its user base, expand its advertising business and build a subscription service. “If he wins in November, Truth Social will probably be the primary means of presidential communication,” said Kennedy.

Persons: Donald Trump’s, –, ”, Jay Ritter, Ritter, “, Reddit, Matthew Kennedy, Kennedy, Jonathan Macey, that’s, ’ Matthew Tuttle, Tuttle, it’s Trump, you’ve, ” “, I’m, Donald Trump, Trump, “ Donald J, TMTG, skeptically Organizations: New, New York CNN, Trump Media & Technology Group, Trump Media, University of Florida’s Warrington College of Business, GameStop, AMC, Trump, Renaissance, Truth, CNN, Facebook, Yale, Digital, Tuttle Capital Management, SEC, Trump Hotels, Casino Resorts, New York Stock Exchange Locations: New York, ”, United States

☆ The last time Trump took a ‘DJT’ business public, it ended up in bankruptcy
▼ + stars: | 2024-03-25 | by ( Allison Morrow | David Goldman | ) edition.cnn.com time to read: +4 min

New York CNN —Starting Tuesday, there’s a new company on the Nasdaq: Trump Media & Technology Group, which will trade under the stock ticker DJT. The social media app was never a blockbuster, though, and it’s unclear how the company will ever make money. While Trump Media may be new, its stock ticker is a throwback to Trump’s only other publicly traded company. Trump bestowed the same initials on his Atlantic City casino business, Trump Hotels and Casino Resorts, back when that company went public in 1995. Trump Media generated just $3.4 million of revenue through the first nine months of last year, according to SEC filings.

Persons: there’s, Donald John Trump, we’ve, Trump, “, ” Trump, ”, Jonathan Macey, Matt Egan, he’s, CNN’s Matt Egan Organizations: New, New York CNN, Nasdaq, Trump Media & Technology Group, Republican, Capitol, Trump Media, Atlantic City, Trump Hotels, Casino Resorts, Mahal, New York Times, Trump Entertainment Resorts, SEC, Twitter, Trump Locations: New York, ” Yale

☆ The last time a Trump company went public it didn't go well for investors
▼ + stars: | 2024-03-23 | by ( Dareh Gregorian | ) www.cnbc.com time to read: +4 min

The newly merged company that's set to go public, Trump Media, will be listed on the Nasdaq stock exchange with the letters DJT, Trump's initials. In the initial public offering, the company raised $140 million, selling 10 million shares at $14 each. He also used company cash to buy Trump-branded merchandise, including $1.2 million on Trump Ice bottled water, the report said. Under the merged company, Trump would have nearly 80 million shares, worth around $3 billion. It's unclear when exactly Trump would be able to cash in on the upcoming listing for his social media company.

Persons: Ina, Revel, Wayne Parry, Donald Trump's, Trump, Jean Carroll's, Letitia James, doesn't, James, Donald Trump Jr, — CNBC's Dan Mangan Organizations: Taj, Atlantic City, Trump, Casino Resorts —, Trump Media, Nasdaq, Trump Hotels, Casino Resorts, New York Times, New York Stock Exchange, CNBC, The Washington Post, Social, Shareholders, Corp, Trump Media & Technology Group, New York Locations: Atlantic City, Washington, Atlantic City , New Jersey, —

☆ Former Trump Org. controller breaks down in tears on witness stand in fraud trial
▼ + stars: | 2023-11-21 | by ( Lauren Del Valle | Kara Scannell | ) edition.cnn.com time to read: +4 min

Trump attorney Alina Habba motioned to a court officer to bring him a box of tissues. At one point while reviewing his own handwritten notes, McConney acknowledged his memory was “incorrect” about a specific disclosure on Trump’s statement. Amer showed the court handwritten notations from McConney on 2021 financial statement drafts. Among the 2021 notes, the former controller wrote that Eric Trump needed to review the footnotes for the section on club facilities. On another page McConney wrote that Eric and his brother Donald Trump Jr, both defendants in the case, should review the statements.

Persons: Jeff McConney, “, ” McConney, Jesus Suarez, Donald Trump, McConney, Alina Habba motioned, Arthur Engoron, , wouldn’t, he’s, Andrew Amer, Mazars, Donald Bender, Amer, Patrick Birney, Eric Trump, Eric, Donald Trump Jr, ”, Mark Hawthorn Organizations: New, New York CNN, Trump Organization, Trump Org, Trump, Trump Hotels, Deutsche Bank Locations: New York

☆ Donald Trump has worst day yet in NY civil fraud trial as underling's scribbled note ties him to conspiracy
▼ + stars: | 2023-11-21 | by ( Laura Italiano | ) www.businessinsider.com time to read: +9 min

The Trump civil fraud trial is now in its eighth week in New York. A handwritten note that implicates Donald Trump in his NY fraud trial. Donald Trump attends his New York civil fraud trial. Trump speaking to reporters outside the courtroom during his civil fraud trial in New York. And in a pre-trial deposition, he denied knowing who had written, "DJT to get final review" on that 2014 draft.

Persons: Jeffrey McConney, McConney, —, Donald Trump, Trump, Letitia James, Donald Trump's, Seth Wenig, Andrew Amer, Amer, Eric Trump, Allen Weisselberg, James, Weisselberg, — McConney, Mazars, Arthur Engoron, McConney's, Jesus Suarez, he'd, Mark Hawthorn Organizations: Trump, Service, Trump Organization, Trump Org's, NY, New York, White House, Trump Org, AP, Mazars, General's, Trump Hotels Locations: New York, York, Mazars USA, Weisselberg

☆ Waikiki hotel is ditching the Trump name
▼ + stars: | 2023-11-13 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —The number of Trump Hotels continues to dwindle, with the chain’s Hawaii resort the latest to ditch the tarnished name for a less politicized brand. The Trump International Hotel Waikiki is joining Hilton and will no longer have the former president’s name attached to it. In February 2024, the 38-floor hotel will be called the Wākea Waikiki Beach, as part of the Hilton LXR collection of high-end resorts. Trump troublesWith the departure of its Hawaiian hotel, the number of Trump Hotels and Resorts is down to just eight across the world. The Trump hotel in Las Vegas — a hotel condominium of which Trump owns half — had misleading financial statements between 2013 and 2021, the suit alleges, due to income projections based on the sale of residential units that assumed prices much higher than what units were selling for, among other reasons.

Persons: Hilton, “, ”, Jason Grosfeld, It’s, Letitia James, Trump, James, Ivanka Organizations: New, New York CNN, Trump Hotels, Trump International, Hilton, Trump Organization, Irongate, Trump, Resorts, New York Locations: New York, Hawaii, Beach, Hawaiian, TripAdvisor, SoHo, Toronto, Washington, Panama City, Panama, Vancouver, Vegas, Las Vegas

☆ Not a big ticket: Public stays away in droves as Donald Trump Jr. kicks off defense case at NY fraud trial
▼ + stars: | 2023-11-13 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Donald Trump, Jr. testified again in the NY fraud trial Monday – this time as a defense witness. Just four members of the public queued up to watch Donald Trump's namesake son testify as the first defense witness. AdvertisementAdvertisementDonald Trump, Jr. was in court Monday as his father's cheerleader-in-chief. When the judge told him, "Welcome back," Donald Trump, Jr. answered with a joke. "It was spectacular for quite some time," Donald Trump, Jr., said of Wollman Rink in Central Park, which the Trump Organization operated for the city from 1986 to 2021.

Persons: Donald Trump , Jr, —, Donald Trump's, Ralph Baker, Eric Trump, Letitia James, Trump, Clifford Robert, Colleen Faherty, Andrew Amer, Wollman Organizations: Service, Trump Organization, Yukon, Trump, Wollman Rink, Federal Reserve Locations: New York, Manhattan's, Klondike, Central Park, New York's Westchester County, New York City

☆ Republicans said they chose Trump's DC hotel out of convenience. They've spent almost nothing there since he sold it.
▼ + stars: | 2023-01-20 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

GOP officials, politicians and PACS spent millions at Trump International Hotel in DC. Insider corroborated its findings through examining FEC spending records. The Trump International Hotel, housed in DC's famed Old Post Office building, closed its doors in May last year, and reopened as the Waldorf Astoria a couple of weeks later. Workers remove the signage for the Trump International Hotel on Wednesday, May 11, 2022. Since the start of Trump's presidency, GOP figures spent around $2.5 million at the hotel while he owned it, FEC records show.

In one ledger obtained by the Oversight Committee and published in the report, the Secret Service was charged $1,160 for a room at the Trump International Hotel in Washington, D.C. for agents protecting Eric Trump on March 8, 2017. On Nov. 8, 2017, another ledger shows that the Secret Service was charged $1,185 to lodge agents protecting Donald Trump Jr. The Trump Organization and the Secret Service did not immediately respond to a request for comment. Trump Organization properties overall charged the Secret Service more than $1.4 million for agents’ accommodations when traveling to protect former President Trump, according to figures first reported by The Washington Post. “The Secret Service received authorization for additional flexibility for expenses during protective missions, including per diem expenses above the government rate,” Maloney said in her letter to the Secret Service.

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