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Global IR firm MZ Group is handling news that Trump Media & Technology Group and Digital World Acquisition Corp. have lined up $1B in PIPE (public investing in public equity) financial commitments from unidentified investors upon comsummation of their SPAC deal.
“One billion sends an important message to Big Tech that censorship and political discrimination must end,” Donald Trump, chairman of TMTG, said in their Dec. 4 release.
Trump added that once TMTG’s strengthens its balance sheet, it “will be in stronger position to fight back against the tyranny of Big Tech.”
DWAC on Dec. 6 disclosed in a Securities and Exchange Commission that US regulators are investigating the SPAC deal with Trump.
FINRA, the broker deal watchdog, has requested information about trading that was made ahead of the Oct. 20 SPAC announcement. “The inquiry should not be construed as an indication that FINRA has determined that any violations of Nasdaq rules or federal securities laws have occurred, nor as a reflection upon the merits of the securities involved or upon any person who effected transactions in such securities,” DWAC said.
The SEC in early November asked DWAC for “documents relating to meetings of DWAC’s board of directors, policies and procedures relating to trading, the identification of banking, telephone, and email addresses, the identities of certain investors, and certain documents and communications between DWAC and TMTG.”
That investigation “does not mean that the SEC has concluded that anyone violated the law or that the SEC has a negative opinion of DWAC or any person, event, or security,” explained DWAC.
TMTG announced Dec. 6 that California Republican Congressman Devin Nunes, an ardent support of the former president when he chaired the House Intelligence Committee, will become CEO in January.
Sao Paulo-based MZ has more than 200 staffers in Chicago, New York, San Diego, and Taiwan.
Trump Media & Technology Group today reported a $58.2M net loss on $4.1M in 2023 revenues, a disclosure that drove its stock price down 22.6 percent to $47.96.
Barry Pollack, an attorney at Wall Street’s Harris St. Laurent & Wechsler, has registered Julian Assange as a client with the Justice Dept. “out of an abundance of caution.”
Paramount Global to slash 800 jobs in what chief executive Bob Bakish calls part of an effort to “return the company to earnings growth"... Rolling Stone editor-in-chief Noah Shachtman is exiting at the end of the month due to disagreements with chief executive Gus Wenner over the direction the magazine is taking... The New York Times broke the $1 billion barrier in annual revenue from digital subscriptions in 2023... Press Forward is investing more than $500 million to strengthen local newsrooms.
The majority of news articles are read within the first three days of publication, according to a recent report.
The Los Angeles Times gives pink slips to 115 people or 20 percent of its newsroom staff... TIME is also laying off about 30 employees, which is approximately 15 percent of its editorial staff... The Baltimore Banner, which was launched by Stewart Bainum in 2022 after he failed to buy the Baltimore Sun, added 500 subscribers per day in the three days following Sinclair Broadcast Group's deal to purchase the Sun.
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Dec. 7, 2021, by Joe Honick
TRUTH??? What slime to spend millions for a major lying campaign. The Washington Post exposed the tons of millions Sydney Powell and "friends" have solicited and spent on the Trump "big lie". What is missing is why there have been so few indictments in this massive con job to sell a phoney product. What is even more missing is whether any of the PR firms annually listed in the O'Dwyer issue of companies have been involved in activities that clearly suggest professional effort.
The right, seemingly only having George Soros to target on the left, somehow has a small army of similar moneybags financing the treacherous assault on a legally elected president...and assault that almost echoes the reported propaganda interference from Russia.
The question is why those right wing media do not challenge such echoed propaganda that appear professionally manufactured and the professionals producing it.