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

It was a calmer, more courteous debate – and less popular overall.

According to Nielsen estimates, Tim Walz and JD Vance’s vice presidential debate drew more than 43 million viewers on Tuesday night.

The 43 million figure is the aggregate audience of 15 television networks that aired the CBS-produced debate. An unknown number of extra individuals saw the debate via YouTube and other internet channels.

43 Million Watched Walz-Vance VP Debate, In Significant Drop From 2020 Matchup

Vice-presidential debates are generally rated lower than presidential debates, and this year was no exception. According to Nielsen, last month’s discussion between Vice President Kamala Harris and former President Donald Trump drew over 67 million people across 17 television networks.

Nonetheless, Tuesday’s viewership was high enough to make the Walz-Vance discussion one of the most-watched single telecasts of the year in the United States.

Four years ago, 57 million people watched the only vice presidential debate of the 2020 election cycle, featuring Harris and then-Vice President Mike Pence. According to Nielsen, 69.9 million people saw Joe Biden and Sarah Palin compete in the most-watched vice presidential debate of 2008.

However, television viewership habits have shifted substantially in recent years. And Tuesday’s viewership was high enough to make the Walz-Vance discussion one of the most watched single telecasts in the United States in 2024.

And those who saw awarded the discussion a thumbs up, praising its relatively courteous and civil tone.

CNN pollsters reported “no clear winner,” but the event left viewers with more positive impressions of both candidates than they had before the debate.” The “overwhelming majority” of viewers “felt the tone of the debate was positive,” CBS stated afterward.

43 Million Watched Walz-Vance VP Debate, In Significant Drop From 2020 Matchup

Typically, the VP duel occurs between presidential debates. However, Trump continues to reject offers of another debate, so the VP debate could be the last of this election season.

The Harris team announced Tuesday night that “she will be in Atlanta on October 23” — the day CNN has offered to conduct a debate there — and that “Donald Trump should step up and face the voters.” Trump said on Truth Social, “I beat Biden, then I beat her, and I’m not looking to do it again, too far down the line.”

SOURCE | CNN

New York Times columnist and political analyst Ross Douthat reported that the first half of the vice-presidential debate has been the strongest illustration in this campaign so far of why it made sense for Donald Trump to pick JD Vance as his running mate

He stated that the Ohio senator is presenting one of the most impressive debating performances by a Republican nominee for president or vice president in recent memory and is arguing for Trump’s record in a manner that surpasses anything that Trump has ever been able to do.

After weeks of effective Democratic attacks on his right-wing podcast commentary, Vance’s performance has included a dose of self-conscious humanization, an attempted reintroduction to his blue-collar upbringing, and a striking personal biography, according to Douthat.

Walz timid comparison to JD Vance

It has incorporated some meticulous rhetorical tap dancing and policy jujitsu regarding topics such as abortion and climate change as well. However, it has primarily served as an effective prosecution of the case against the Biden-Harris administration, with an unremitting emphasis on fostering nostalgia for the economy, the immigration landscape, and the relative foreign-policy tranquilly of Trump’s term.

In contrast, Tim Walz appears to be affable, well-intentioned, and, in comparison to Vance, essentially inexperienced. He is devoting an excessive amount of time to partially concurring with his opponent, while simultaneously presenting a considerably more disjointed argument against Trump than Vance is against Kamala Harris.

Ross Douthat stated, “I believe that this performance has raised a question: Why has the Harris campaign eschewed Walz from one-on-one interviews, whereas Vance has been fielding hostile inquiries since the beginning of his candidacy?”

It appears that the Minnesota governor would have benefited significantly from spending additional time being cross-examined on the Sunday programs prior to his departure to engage in a debate with a Republican vice-presidential nominee who, despite his other deficiencies, is evidently adept at debate.