Tag: Trump

Auditor Casts Doubt on Trump Media’s Future Amid $58 Million Loss
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Auditor Casts Doubt on Trump Media’s Future Amid $58 Million Loss

Image Source:  Trump Media and Technology Group, the company behind Truth Social, reported a big loss of $58.2 million in 2023. This news raised concerns from auditors about whether the company can keep going. The report also showed that the company made $4.1 million in total revenues but had to pay over $39 million in interest, which was its biggest expense. An accounting firm from Colorado, BF Borgers CPA PC, has been working with Trump Media since 2022. In a note dated March 25, they said the company's losses make it uncertain if they can keep operating. Upon its debut on the Nasdaq stock exchange under the symbol DJT, Trump Media's stock price experienced a surge. However, on Monday, the shares plummeted by more than 21% to $48.66. This drastic drop in value led to the company...
Michigan Primaries Reflect Biden and Trump Vulnerabilities
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Michigan Primaries Reflect Biden and Trump Vulnerabilities

I mage source President Biden and former President Trump won Michigan's primaries, likely setting up a rematch. However, a significant "uncommitted" campaign, fueled by criticism of Biden's Gaza policy, poses a challenge. Trump faces resistance from Nikki Haley supporters, especially in areas with college towns. Both candidates struggle with key voter groups. Michigan, home to many Arab Americans, shows dissatisfaction over Biden's Gaza handling. Despite efforts to address concerns, community leaders remain unconvinced. A grassroots movement urges voters to select "uncommitted" to protest Gaza casualties. The outcome's impact on delegate allocation remains uncertain.  
Trump Prosecutor Accused of Misconduct
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Trump Prosecutor Accused of Misconduct

Fani Willis, the prosecutor in charge of the Georgia election interference case against Donald Trump, refuted claims from Trump's lawyers about a conflict of interest due to her relationship with a colleague. She accused them of lying and emphasized that the focus should be on the election case. Nathan Wade, her former partner, also denied any financial impropriety. The defense argues that Willis should be disqualified from prosecuting due to her relationship with Wade. The ongoing hearing aims to determine if Willis's office should continue the prosecution, which Trump sees as politically motivated.
Former Trump Attorney Sidney Powell Pleads Guilty and May Testify in Georgia Case
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Former Trump Attorney Sidney Powell Pleads Guilty and May Testify in Georgia Case

https://www.texastribune.org/2023/10/19/sidney-powell-pleads-guilty/ In a significant development, former lawyer for Donald Trump, Sidney Powell, pleaded guilty on Thursday to six counts of conspiracy to commit intentional interference with the performance of election duties in the state of Georgia. She has also agreed to testify against Trump and the 16 other co-defendants in the case if prosecutors request her testimony. The case in Georgia is one of four concurrent criminal cases that former President Donald Trump is facing, and it specifically focuses on his efforts to overturn the 2020 election results. Trump has continued to make baseless claims of election fraud, despite no credible evidence to support these allegations. Sidney Powell's guilty plea comes just days before he...