Fogbow

Uninformed wrote: ↑Tue Aug 30, 2022 2:46 pm “Google hits back at claims by Truth Social's CEO, saying it's waiting on Trump's new app to demonstrate 'effective' content moderation before it's allowed in the Play Store”:
https://www.businessinsider.com/google- ... lay-2022-8

“Google isn't allowing Donald Trump's new social media app, Truth Social, into the App Store until it fixes key issues around content moderation, Axios first reported.
The news contrasts with what the CEO of Truth Social, Devin Nunes, told Real America's Voice last week, about its debut for Android being "up to Google."
Google told Insider that the decision actually hinges on Truth Social making the necessary changes before the company can give it the green light.”

Trump’s Truth Social Trademark Application Declined
The U.S. Patent and Trademark Office said the name was too similar to that of other companies.

By Dana E. Neuts
August 31, 2022

Former president Donald Trump’s social media platform Truth Social is in the news again. The U.S. Patent and Trademark Office declined to approve trademark status for Truth Social because the name was “confusingly similar” to that of other companies, reports Insider. Among similarly named companies are VERO – True Social, another social media platform, and the Truth Network, a Christian talk radio network.

“Because the marks are similar and the goods and services are related, there is a likelihood of confusion as to the source of applicant’s goods and services, and registration is refused pursuant to Section 2(d) of the Trademark Act,” the filing said.

Trump Media & Technology Group has until February 2023 to respond to the patent and trademark office’s ruling, Insider says.




https://www.subscriptioninsider.com/typ ... n-declined

Exclusive: Trump left Sarasota media company weeks before federal subpoenas were issued
Chris Anderson
Sarasota Herald-Tribune

Donald Trump removed himself from the board of his Sarasota-based social media company, records show, just weeks before the company was issued federal subpoenas by both the Securities and Exchange Commission and a grand jury in Manhattan. Trump, the chairman of Trump Media and Technology Group, was one of six board members removed on June 8, state business records show. Among the board members removed were Kashyap Patel, Trump's former point man in the White House; Scott Glabe, a former assistant to Trump who was counsel for the media company; and Donald Trump, Jr.

The SEC served Trump Media and Technology Group with a subpoena on June 27, according to a regulatory filing. Trump's media company owns Truth Social, an app similar to Twitter. Trump was banned by Twitter for inflammatory remarks concerning the insurrection. Four days later, on July 1, a grand jury in the Southern District of New York handed the company another federal subpoena, an action that typically means a potential criminal investigation is in progress. The investigations appear to be related to a proposed merger between Trump's media company and a blank-check company called Digital World Acquisitions Corp., according to a recent regulatory filing.

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Trump’s Truth Social Merger Under Threat After SPAC Extension Fails: Report

One option being considered by Digital World is to postpone the vote deadline in a final bid to boost more shareholder support, the sources said. Without further action, the SPAC is set to liquidate on Thursday and return the money it raised in its September 2021 initial public offering.

Reuters wrote:Were Digital World to fail in its bid to get its shareholders to back the one-year extension, its management has the right to extend its life without shareholder approval by up to six months. It is unclear whether Digital World will pursue this option and if it would provide enough time for regulators to reach a conclusion on whether to allow the deal to proceed.

Trump media deal suffers blow as SPAC fails to win extension
By Echo Wang and Helen Coster

Sept 6 (Reuters) - The blank-check acquisition firm that agreed to merge with former U.S. President Donald Trump's social media company failed on Tuesday to secure enough shareholder support for a one-year extension to complete the deal. At stake is a $1.3 billion cash infusion that Trump Media & Technology Group (TMTG), which operates the Truth Social app, stands to receive from Digital World Acquisition Corp (DWAC.O), the special purpose acquisition company (SPAC) that inked a deal in October to take TMTG public. The transaction has been on ice amid civil and criminal probes into the circumstances around the deal. Digital World had been hoping that the U.S. Securities and Exchange Commission (SEC), which is reviewing its disclosures on the deal, would have given its blessing by now.

Digital World Chief Executive Patrick Orlando told a special meeting of his shareholders on Tuesday he would push back to noon on Thursday the deadline for the vote on extending the life of the SPAC by 12 months. Digital World needs 65% of its shareholders to vote in favor of the proposal, but the support as of late Monday fell far short, Reuters reported. Digital World did not disclose the margin on Tuesday. read more Digital World shares ended trading in New York on Tuesday down 11.4% at $22.13. Digital World is set to liquidate on Thursday and return the money raised in its September 2021 initial public offering to shareholders unless action is taken. Digital World shareholders had been given more than two weeks to vote on the SPAC's extension and it is unclear if two additional days will make a difference. Most Digital World shareholders are individuals and getting them to vote through their brokers has been challenging, Orlando said last week. Digital World said in a statement that if its shareholders do not approve the one-year extension on Thursday, its management plans to exercise its right to extend the life of the SPAC by three months unilaterally. The SPAC managers will lend $2.875 million to the SPAC as part of the arrangement, Digital World said.

The SPAC managers have the right to unilaterally extend the life of the SPAC one more time, till March. It is unclear whether this would provide enough time for regulators to reach a conclusion on whether to allow the deal to proceed. A TMTG spokesperson said the company will continue cooperating with all stakeholders on the merger and that it hoped "the SEC staff will expeditiously conclude its review free from political interference." An SEC spokesperson did not immediately respond to a request for comment. Trump appeared to manage expectations for the deal with a post over the weekend on Truth Social: "I don't need financing, 'I'm really rich!' Private company anyone???" Digital World has disclosed that the SEC, the Financial Industry Regulatory Authority and federal prosecutors have been investigating the deal with TMTG, though the exact scope of the probes is unclear. The information sought by regulators includes Digital World documents on due diligence of potential targets other than TMTG, relationships between Digital World and other entities, meetings of Digital World's board, policies and procedures relating to trading, and the identities of certain investors, Digital World has said.

If the deal is completed, TMTG would receive $293 million that Digital World has on hand plus $1 billion committed from a group of investors in the form of a private investment in public equity (PIPE). The PIPE is scheduled to expire on Sept. 20 unless the deal is completed. Investment bankers for Digital World have been reaching out to investors in the last few weeks to gauge their interest in extending the PIPE, a person familiar with the matter said. It is unclear how TMTG is getting by without access to Digital World's funding. It raised $22.6 million through convertible promissory notes last year and another $15.4 million through bridge financing in the first quarter. The agreement with Digital World caps the indebtedness that TMTG can assume prior to the deal closing at $50 million. Digital World has said it believes TMTG will have "sufficient funds" until April 2023. TMTG said last week that Truth Social is "on strong financial footing" and would begin running advertisements soon. Trump started using Truth Social in April, two months after it launched on Apple Inc's (AAPL.O) app store. He has more than 4 million followers - a fraction of the 89 million he had on Twitter Inc (TWTR.N) before he was banned over his role in the January 2021 U.S. Capitol riots by thousands of his supporters.

Trump appeared to manage expectations for the deal with a post over the weekend on Truth Social: "I don't need financing, 'I'm really rich!' Private company anyone???"

orlylicious wrote: ↑Wed Sep 07, 2022 5:10 am A bit concerned, JPC put all his money in this sure-fire winner


Stock price: DWAC (NASDAQ) $22.13 -2.86 (-11.44%)
Sep 6, 4:00 PM EDT - Disclaimer

Trump media deal suffers blow as SPAC fails to win extension
By Echo Wang and Helen Coster

Sept 6 (Reuters) - The blank-check acquisition firm that agreed to merge with former U.S. President Donald Trump's social media company failed on Tuesday to secure enough shareholder support for a one-year extension to complete the deal. At stake is a $1.3 billion cash infusion that Trump Media & Technology Group (TMTG), which operates the Truth Social app, stands to receive from Digital World Acquisition Corp (DWAC.O), the special purpose acquisition company (SPAC) that inked a deal in October to take TMTG public. The transaction has been on ice amid civil and criminal probes into the circumstances around the deal. Digital World had been hoping that the U.S. Securities and Exchange Commission (SEC), which is reviewing its disclosures on the deal, would have given its blessing by now.

Digital World Chief Executive Patrick Orlando told a special meeting of his shareholders on Tuesday he would push back to noon on Thursday the deadline for the vote on extending the life of the SPAC by 12 months. Digital World needs 65% of its shareholders to vote in favor of the proposal, but the support as of late Monday fell far short, Reuters reported. Digital World did not disclose the margin on Tuesday. read more Digital World shares ended trading in New York on Tuesday down 11.4% at $22.13. Digital World is set to liquidate on Thursday and return the money raised in its September 2021 initial public offering to shareholders unless action is taken. Digital World shareholders had been given more than two weeks to vote on the SPAC's extension and it is unclear if two additional days will make a difference. Most Digital World shareholders are individuals and getting them to vote through their brokers has been challenging, Orlando said last week. Digital World said in a statement that if its shareholders do not approve the one-year extension on Thursday, its management plans to exercise its right to extend the life of the SPAC by three months unilaterally. The SPAC managers will lend $2.875 million to the SPAC as part of the arrangement, Digital World said.

The SPAC managers have the right to unilaterally extend the life of the SPAC one more time, till March. It is unclear whether this would provide enough time for regulators to reach a conclusion on whether to allow the deal to proceed. A TMTG spokesperson said the company will continue cooperating with all stakeholders on the merger and that it hoped "the SEC staff will expeditiously conclude its review free from political interference." An SEC spokesperson did not immediately respond to a request for comment. Trump appeared to manage expectations for the deal with a post over the weekend on Truth Social: "I don't need financing, 'I'm really rich!' Private company anyone???" Digital World has disclosed that the SEC, the Financial Industry Regulatory Authority and federal prosecutors have been investigating the deal with TMTG, though the exact scope of the probes is unclear. The information sought by regulators includes Digital World documents on due diligence of potential targets other than TMTG, relationships between Digital World and other entities, meetings of Digital World's board, policies and procedures relating to trading, and the identities of certain investors, Digital World has said.

If the deal is completed, TMTG would receive $293 million that Digital World has on hand plus $1 billion committed from a group of investors in the form of a private investment in public equity (PIPE). The PIPE is scheduled to expire on Sept. 20 unless the deal is completed. Investment bankers for Digital World have been reaching out to investors in the last few weeks to gauge their interest in extending the PIPE, a person familiar with the matter said. It is unclear how TMTG is getting by without access to Digital World's funding. It raised $22.6 million through convertible promissory notes last year and another $15.4 million through bridge financing in the first quarter. The agreement with Digital World caps the indebtedness that TMTG can assume prior to the deal closing at $50 million. Digital World has said it believes TMTG will have "sufficient funds" until April 2023. TMTG said last week that Truth Social is "on strong financial footing" and would begin running advertisements soon. Trump started using Truth Social in April, two months after it launched on Apple Inc's (AAPL.O) app store. He has more than 4 million followers - a fraction of the 89 million he had on Twitter Inc (TWTR.N) before he was banned over his role in the January 2021 U.S. Capitol riots by thousands of his supporters.

https://www.reuters.com/markets/deals/t ... 022-09-06/

If the dotard is so rich, why is the hosting company stiffed over a million dollars?

orlylicious wrote: ↑Wed Sep 07, 2022 5:10 am A bit concerned, JPC put all his money in this sure-fire winner

Kriselda Gray wrote: ↑Wed Sep 07, 2022 3:54 pm I seriously doubt trump pays that much attention to the minutia of punctuation, and that it would be highly improbable if not nearly impossible for him to deploy special punctuation symbols to try and manipulate what he does or doesn't mean.