Election News
Chief Operating Officer Of Truth Social’s Parent Company Resigns
According to a regulatory filing, the chief operating officer of Truth Social’s parent company has resigned, and the company is required by a court judgment to hand over nearly 800,000 shares to one of its investors.
COO Andrew Northwall resigned from Trump Media & Technology Group Corp. late last month, according to a Securities and Exchange Commission filing, and the business intends to “transition his duties internally.” There were no further details revealed about the resignation. He began working for the company in December 2021, according to his LinkedIn page.
The SEC filing also stated that a Delaware court determined last month that 785,825 Trump Media shares must be given to ARC Global Investments II. Both parties have been at odds over how many shares ARC was entitled to following Trump Media’s merger with Digital World Acquisition Corp. The court stated that ARC and Trump Media might submit an appeal within 30 days of its final order.
Chief Operating Officer Of Truth Social’s Parent Company Resigns
Trump Media operates the social media site Truth Social, which Trump founded after being barred from Twitter and Facebook following the Jan. 6, 2021, Capitol riot. Based in Sarasota, Florida, the company has been losing money and striving to increase revenue. According to regulatory documents, it lost approximately $58.2 million last year and generated only $4.1 million in revenue.
Some market experts consider Trump Media shares to be a meme stock, which is a term used to describe equities that become popular online and skyrocket in value, much exceeding what traditional analysis suggests. The stock has fluctuated for several months, with trading primarily driven by individual investors, who are often considered less skilled than day traders.
Late last month, Trump Media’s stock plunged to its lowest level ever on the first trading day when its largest shareholder, former President Donald Trump, was allowed to sell his position in the firm behind the Truth Social platform.
Chief Operating Officer Of Truth Social’s Parent Company Resigns
Trump Media’s shares, known as TMTG, began trading publicly in March. When the business debuted on the Nasdaq in March, its shares reached a high of $79.38.
Trump Media & Technology shares gained marginally to $16.20 before the market opened on Friday.
SOURCE | AP
Election News
Democrats Now Leaderless After Trump Presidential Win
Democrats spent billions of dollars with the legacy media to try and create fear among American voters that Donald Trump posed an imminent threat to democracy; in the end, voters didn’t care. They chose to believe their own eyes and not the rhetoric.
Following Kamala Harris’ decisive loss, the Democrats are now entering a second Trump presidency without a clear leader, a clear plan, or an accord on the reasons for their significant miscalculations in the 2024 election.
Sen. Bernie Sanders, the Vermont independent and former Democratic primary candidate, had warned Harris before Election Day that she was focusing too much on flipping Republican votes and not enough on pocketbook issues. He issued a statement excoriating party leadership.
“It should come as no great surprise that a Democratic Party which has abandoned working class people would find that the working class has abandoned them,” he said. “First, it was the white working class, and now it is Latino and Black workers as well.
While the Democratic leadership defends the status quo, the American people are angry and want change. And they’re right.”
Trump’s promises to impose tariffs on both allies and foes and his threats to American businesses contemplating the relocation of jobs offshore were alluring to union workers.
Alexandra Rojas, the executive director of the far-left Justice Democrats, told AP that the party’s leadership must “accept responsibility for that a second”Donald Trump presidency was once again feasible under their supervision.”
Rojas charged that the Democratic Party is los”ng legitimacy among the everyday people and marginalized communities, who are continuously used as stepping stones to win elections. She also acknowledged that “there are no easy answers for where we as a coun”ry and movement go from here.”
The data indicates that Democrats have” substantial work to do.
Faiz Shakir, the Democratic strategist who oversaw Sanders’ 2020 presidential campaign, is concerned that Sanders’s Democratic Party will fail to engage in the necessary introspection after this catastrophic defeat.
He asserted that “a healthy party is challenging itself to conduct”that type of autopsy and hear what we did wrong.” “I am not even aware that such a process will occur. He asks, “Will the Democratic Party’s well-paid consultant and big-money interParty learn any real lessons from this disastrous campaign?”
“Will they comprehend the political alienation and pain that tens of millions of Americans are currently experiencing?” Do they have any suggestions for how we can confront the Oligarchy, which is gaining economic and political influence at an accelerated pace? It is unlikely, he said.
Source: AP
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Election News
Kamala Concession Speech Trends on Google
One day after former President Donald Trump’s historic re-election, Vice President Kamala Harris conceded the presidential race and vowed to maintain unity. Her concession speech trended on Google with over 5 million searches.
“I do not concede the fight that fueled this campaign, but I do concede this election.” She stated, “In our nation, we owe loyalty not to a president or a party, but to the Constitution of the United States.”
Kamala Harris acknowledged that there was no viable strategy for obtaining the presidency even though her speech was not what she intended.
In the center of Washington, DC, Harris delivered a speech at her alma mater, Howard University. Harris expressed her gratitude to the hundreds of campaign workers and volunteers who worked assiduously on her campaign and to the tens of millions of voters who cast their votes for her.
Kamala Harris also stated that the country should unite for a peaceful power transfer despite the agony of losing.
She said, “We must acknowledge the outcomes of this election.” “I conversed with President-elect Trump earlier today and congratulated him on his victory.”
I also informed him that we would assist him and his team during his transition and participate in a peaceful transfer of power.
In the interim, Sen. Bernie Sanders issued a caustic statement regarding the presidential election results, accusing the Democratic Party of having “abandoned” working-class voters. It’s unsurprising that “a Democratic Party that has abandoned working class people would find that the working class has abandoned them.”
Sanders, who secured re-election last night, stated that the party’s white working-class voters were the first to quit and that it now appears that Latino and Black workers are following suit. “The American people are enraged and desire change despite the Democratic leadership’s defense of the status quo,” he stated. “And they’re right.”
Trump and Vance were also congratulated on their electoral victory by former President Obama, who ardently campaigned for Harris in the final stretch before Election Day. This was announced in a statement published today.
“This is obviously not the outcome we had hoped for, given our profound disagreements with the Republican ticket on a whole host of issues,” according to him. “But living in a democracy is about recognizing that our point of view won’t always win out, and being willing to accept the peaceful transfer of power.”
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Election News
Despite All the Odds Donald Trump Elected 47th President
On Wednesday, Donald Trump was elected the 47th president of the United States, a remarkable turnaround for a former president who refused to concede defeat four years ago.
Trump achieved the 270 electoral votes required to secure the presidency with a victory in Wisconsin. On Wednesday afternoon, he emerged victorious in Michigan, conquering the “blue wall” with Pennsylvania.
On Wednesday afternoon, Vice President Kamala Harris contacted President-Elect Trump to congratulate her and acknowledge his victory in the election. Shortly thereafter, Vice President Biden conversed with Trump to extend his congratulations and invitation to the White House.
Foreign leaders like French President Emmanuel Macron and Israeli Prime Minister Benjamin Netanyahu also phoned Trump.
“I would like to express my gratitude to the American people for the extraordinary honor of being elected as your 47th and 45th president,” Trump addressed a crowd of enthusiastic supporters in Florida before officially confirming their victory.
“Today, you demonstrated unprecedented attendance to secure a victory, and we have endured an immense amount of hardship together,” Trump said. This was truly exceptional, and we will repay you,” he added.
Upon his return to office, Trump will collaborate with a Senate that is now under Republican control, while the House’s governance remains uncertain.
Elon Musk’s Tesla, banks, cryptocurrencies, and the U.S. stock market all surged Wednesday as investors anticipated a smooth election and Trump’s return to the White House.
Trump has pledged to implement an agenda that prioritizes the substantial revamping of the federal government during his second term.
When Trump assumes office on January 20, he will face various challenges, such as global crises testing America’s influence abroad and heightened political polarization.
Trump has pledged to revolutionize nearly every facet of the American government. This encompasses the intention to initiate the most extensive deportation operation in the nation’s history, once more pursue a zero-sum approach to foreign policy, and increase the use of tariffs.
Upon his arrival in Washington in 2017, Trump was unfamiliar with the mechanisms of federal authority. Congress, the judiciary, and senior staff members who acted as guardrails impeded his agenda.
This time, Trump has declared that he will surround himself with allies who will execute his agenda without question and arrive with hundreds of proposed executive orders, legislative proposals, and in-depth policy papers.
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