Trump media shares articles
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Chancery OKs Extra Digging Into Trump Media Share Dispute
The sponsor of a special-purpose acquisition company that took Donald Trump's social media venture public earlier this year won Delaware Court of Chancery approval Friday to briefly dig deeper into disputed share-exchange terms for the deal, with more than $58 million on the line.
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Trump Media has reawakened the meme stock monster
We in the financial press tend to talk about the meme stock revolution (or craze, or frenzy, or mass delusion) in the past tense. It was a 2021 phenomenon — the climax of a zero-interest rate-fueled euphoria that pit Robinhood hobbyists against Wall Street’s elite, a financial David vs. Goliath, etc. If you can’t remember how the whole thing ended, that’s partly because it never really did. And now the ride-or-die diamond-handed GameStop crowd is trying to get the band back together. See here:...
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Trump Media's accountant is charged with "massive fraud" by the SEC
BF Borgers, the independent accounting firm for Trump Media & Technology Group, is facing allegations of "massive fraud" from the Securities and Exchange Commission, which on Friday claimed the auditor ran a "sham audit mill" that put investors at risk. The SEC said Borgers has been shut down, noting that the company agreed to a permanent suspension from appearing and practicing before the agency as accountants. The suspension is effective immediately. Additionally, BF Borgers agreed to pay a...