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☆ How many users does Donald Trump's social media company have? He won't say.
▼ + stars: | 2024-04-01 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Read previewThe stock price for Trump Media & Technology Group Corp — Donald Trump's social media company — dropped by nearly 25% on Monday. There are zero people who care about the business prospects of Trump Media & Technology Group who were unaware it was a bad business. And Trump Media & Technology Group? The numbers Trump's social media company are willing to share with investors illustrate that it's a lousy business. So the next time Trump Media stock tanks — a bet a lot of people have already made — feel free to imagine a good reason why.

Persons: —, Donald Trump's, Donald Trump, Elon Musk, It's, Per Trump, isn't, I've Organizations: Service, Trump Media & Technology Group Corp, Trump Media & Technology, —, Trump Media & Technology Group, Business, Trump Media, Elon, Twitter

☆ Why investors aren't betting against Trump's Twitter clone — yet
▼ + stars: | 2024-03-26 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Trump Media & Technology Group Corp — Donald Trump's social media company — is a flashing red light of a stock. In other words: It seems like a perfect candidate for short sellers — investors who bet that a company's stock price is overvalued and will fall. But not that much, for now: More than 3 million shares of Trump Media have been shorted, says short-tracker S3 Partners. Related storiesS3's managing director, Ihor Dusaniwsky, offers one explanation: It's particularly hard to short Trump's company for technical reasons. There is extraordinarily little stock borrow available in [Trump Media] to support new short sales and stock borrow rates are extremely high.

Persons: Donald Trump's, Ihor, Trump's, I'd Organizations: Service, Trump Media & Technology Group Corp, Nasdaq, Business, Trump Media, SPACs, GameStop Locations: U.S

NEW YORK (AP) — Donald Trump's legal debts might now exceed a half-billion dollars. The verdict in the civil fraud trial requires Trump to pay interest on some of the deal profits he has been ordered to give up. As part of Friday’s ruling, the judge also ordered both of Trump’s sons to pay $4 million apiece. Last month, he was ordered to pay nearly $400,000 in legal fees to The New York Times after suing the newspaper unsuccessfully. Under the judge's ruling Friday, Trump would still be liable to pay even if the Trump Organization declares bankruptcy.

Persons: — Donald Trump's, Trump, Jean Carroll, Carroll, Letitia James, Hillary Clinton, Will Thomas, “, ” Thomas, that’s, ”, Daniel Weiner, Brennan, ” Weiner, We’re Organizations: Trump, New York, New York Times, New, University of Michigan, D.C, Truth, Trump’s, Commission, Trump Organization Locations: York, New York, Washington

A Haley victory would usher in a more competitive phase of a primary that Trump has so far dominated. President Joe Biden is not on the ballot, having made South Carolina the first formal stop on the Democratic primary calendar. But New Hampshire is sticking to tradition and hosting its own Democratic primary anyway. We're about to find out whether Republican primary voters agree. Furious about Biden's decision, the “Live Free or Die” state ignored the president's wishes and will host its own unsanctioned Democratic primary anyway.

Persons: — Donald Trump's, MAGA, Nikki Haley, Ron DeSantis, Haley, Trump, Joe Biden, She's, Chris Sununu, Carolina Sen, Tim Scott, Trump's, Elise Stefanik, Ohio Sen, J.D, Vance, Henry McMaster, Bill Clinton, that's Trump, State David M, Scanlan, he's, DeSantis, It's, Biden, We're, Sununu, —, Haley —, Dean Phillips, Maryanne Williamson, Eager Organizations: CONCORD, Republican, Trump, Florida Gov, GOP, Democratic, TRUMP BE, New Hampshire Gov, New York, South Carolina Gov, New, New Hampshire Republicans, Republicans, . Iowa, State, White, U.S . Capitol, , New Hampshire voters, New Hampshire Democrats, Democratic National Committee Locations: N.H, New Hampshire, Iowa, Florida, Hampshire, South Carolina, Carolina, Ohio, , New Hampshire, .

NEW YORK (AP) — Donald Trump's company no longer prepares the sweeping financial statements that New York state contends were full of deceptive numbers for years, an executive testified Monday at the former president's civil fraud trial. Trump's 2014 to 2021 “statements of financial condition” are at the heart of state Attorney General Letitia James' lawsuit against him, his company and some of its key figures. The defendants deny wrongdoing, but James says they misled lenders and insurers by giving them financial statements that greatly inflated Trump's asset values and overall net worth. Trump asserts that his wealth was understated, not overblown, on his financial statements. During cross-examination, Hawthorn acknowledged that Trump's financial statements could have been audited by the company, rather than just compiled, though he noted that auditing wasn't required.

Persons: — Donald Trump's, Letitia James, James, Mark Hawthorn, wasn't, ”, Clifford Robert, Andrew Amer, Trump, Arthur Engoron, Michael R Organizations: Trump Organization, Trump, Hawthorn, Republican, Democrat, ___ Associated Press Locations: York, spokespeople, New York, ___, Sisak

☆ Trump lawyers seek halt to civil fraud trial, arguing dissolving his companies would 'sow confusion and chaos'
▼ + stars: | 2023-10-06 | by ( Associated Press | ) www.businessinsider.com time to read: +5 min

Trump's lawyers are trying to halt his $250M civil fraud trial. Judge Engoron's ruling would "sow confusion and chaos," Trump's lawyers argue. AdvertisementAdvertisementThe appellate court last week rejected the defense's last-minute effort to delay the trial just days before it began. But, only if the trial proceeds as scheduled, Senior Assistant Solicitor General Dennis Fan wrote in a letter to the appellate court. Trump's lawyers argued that Engoron had "no rationale or legal authority" to impose what they described as "the corporate death penalty."

Persons: Engoron's, —, — Donald Trump's, Letitia James, Arthur Engoron, Trump, Clifford Robert, Michael Farina, Michael Madaio, Trump's, James, Dennis Fan, Fan, who've, Engoron, Barbara Jones, Jones, Christopher Kise, he'd Organizations: Service, Trump, Republican, Engoron, White Locations: York, New

NEW YORK (AP) — Donald Trump's court appearances are no longer distractions from his campaign to return to the White House. The appearance demonstrated how deftly Trump has used his legal woes to benefit his campaign. Trump spent the day seated at the defense table observing the proceedings, at times leaning to confer with his lawyers. Kevin Wallace, a lawyer in James’ office, promised to link the cited incidents to a more recent loan agreement. Plans for Trump to attend the New York trial's first days were first revealed in legal filings last week.

Persons: — Donald Trump's, Trump, “, ”, Ari Fleischer, Fleischer, Letitia James, Arthur Engoron, James, he’d, Kevin Wallace, James ’, I’ve, York trial's, Michael Cohen, E, Jean Carroll, “ I've, Michael R Organizations: GOP, Trump, White House, Justice Department, New York, York, Associated Press Locations: New York, Trump, Manhattan, it's, Iowa , New Hampshire, Washington, South Carolina, York, Georgia, Sisak

☆ Michael Cohen and the Trump Organization just cut a deal to settle his lawsuit over unpaid legal bills
▼ + stars: | 2023-07-21 | by ( Rebecca Cohen | Jacob Shamsian | ) www.businessinsider.com time to read: +3 min

Michael Cohen and the Trump Organization cut a deal to settle his lawsuit. It's not clear how much money the Trump Organization paid to settle the case. He alleged the Trump Organization should have covered legal fees for his role in various scandals, lawsuits, and investigations that stemmed from his work for Trump. But his son Donald Trump Jr., an executive at the Trump Organization, had agreed to show up as a witness. Cohen's lawyers argued that Trump Jr. had knowledge of the agreement between Cohen and the Trump Organization to cover legal bills, and that Trump Jr. had his own legal bills covered for some of the same investigations.

Persons: Michael Cohen, It's, Hunter Winstead, Cohen — Donald Trump's, Trump Organization —, Joel Cohen, Stormy Daniels, Stephanie Clifford, Mueller, Cohen, Donald Trump, Donald Trump Jr, Trump Organizations: Trump Organization, Service, Trump, FBI, New York, Trump Jr Locations: Wall, Silicon, New York, Manhattan

☆ Trump set to deliver fiery post-indictment speech: 'They're coming after you'
▼ + stars: | 2023-06-10 | by ( Matt Dixon | ) www.cnbc.com time to read: +7 min

"In the end, they're not coming after me, they're coming after you -- and I'm just standing in their way," Trump will say, according to his prepared remarks. The indictment alleges Trump not only withheld classified documents but lied to federal agents and investigators about his involvement. "The weaponization of federal law enforcement represents a mortal threat to a free society," Florida Gov. He said the details of the Trump indictment is "devastating." Trump was also set to speak at the North Carolina Republican Party's annual convention on Saturday night.

Persons: Donald Trump's, Trump, — Donald Trump's, they're, Jack Smith, Joe Biden, Brian Kemp, Brad Raffensperger, Kemp, Raffensperger, Burt Jones, Biden, Kari Lake, That's, Ron DeSantis, Hunter, DeSantis, Chris Christie, Sen, Mike Rounds, Mike Pence Organizations: Newark International Airport, Georgia Republican, Columbus Convention, Trade Center, America, FBI, DNC, Trump, Republican, Fox News, Gov, Arizona, Georgia Republicans, National Rifle Association, Department, Justice, New, Republicans, Department of Justice, North, North Carolina Republican Locations: Newark , N.J, Georgia, North Carolina, COLUMBUS, Chattahoochee, Columbus, Trump, State, Miami, Florida, New Jersey, America, New York, Iowa

☆ Trump delivers fiery post-indictment speech: 'They're coming after you'
▼ + stars: | 2023-06-10 | by ( Matt Dixon | ) www.cnbc.com time to read: +8 min

They're coming after you — and I'm just standing in their way," Trump said. The indictment alleged that Trump not only withheld classified documents but lied to federal agents and investigators about his involvement. Another person in attendance was the conservative Trump ally Rep. Marjorie Taylor, R-Ga., whom the former president brought onstage for brief remarks. He said the details of the Trump indictment were "devastating." Trump was also set to speak at the North Carolina Republican Party's annual convention on Saturday night.

Persons: Donald Trump's, Trump, — Donald Trump's, they're, They're, Biden, Jack Smith, Smith, Joe Biden, Brian Kemp, Brad Raffensperger, Raffensperger, Kemp, Burt Jones, Marjorie Taylor, —, Kari Lake, That's, Ron DeSantis, Hunter, DeSantis, Chris Christie, Sen, Mike Rounds, Mike Pence Organizations: Newark International Airport, Biden administration's weaponized Department, Injustice, Georgia Republican, Columbus Convention, Trade Center, Trump, Justice Department, FBI, DNC, Republican, Fox News Saturday, Gov, Army, Arizona, Georgia Republicans, National Rifle Association, New, Republicans, North, North Carolina Republican Locations: Newark , N.J, Georgia, North Carolina, COLUMBUS, Chattahoochee, Columbus, Trump, Miami, Florida, New Jersey, America, New York, Iowa

☆ Last time Trump lawyer Joe Tacopina called a rape accuser greedy and crazy he won. It's a different world now.
▼ + stars: | 2023-05-01 | by ( Laura Italiano | ) www.businessinsider.com time to read: +13 min

By the time he won an acquittal in a high-profile, 2011 Manhattan criminal trial, Tacopina had attacked what he called her "functional tolerance" for alcohol. She remembered in graphic detail being immobilized in her bed — too drunk to resist — as she was allegedly raped, she told jurors. "She called him a rapist," Tacopina told the jury in openings Monday. "I can dance backwards and forwards in four-inch heels," she told Tacopina when he questioned her dressing-room balancing act. "It caused me to realize that staying silent does not work," she told Tacopina of the courage she saw in that #MeToo wave.

☆ Elon Musk has kicked Kanye West off Twitter: 'He again violated our rule against incitement to violence'
▼ + stars: | 2022-12-02 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +2 min

Ye, the rapper formerly known as Kanye West, has been suspended from Twitter. Account will be suspended," Musk tweeted on Thursday night. This is not love," Musk texted Ye in response to the image, according to a screenshot of their conversation Ye shared on Twitter before his suspension. Included in that text exchange was a screenshot from Ye's Twitter account that indicated he'd been put in a 12-hour Twitter timeout. Ye and Musk have tangled on Twitter ever since Musk welcomed Ye back to Twitter on November 20.

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