Last Updated: 01:10 GMT Saturday, 23 Oct. 2021

The 'prince' and the populist: Brazilian monarchist backs Trump media venture

Brasília parliamentarian and Florida Spac executive are behind deal with ex-president's Truth start-up
FT   |   Fri, 22 Oct 2021 23:42:26

Spurned by Twitter, Trump will attempt to build his own version.

Trump will attempt to build his own version of the social media giant.
Kara Swisher / NY Times   |   Fri, 22 Oct 2021 23:20:05

Dems Launch Federal Unionization Drive To Win Back Blue-Collar Workers Lost To Trump

Dems Launch Federal Unionization Drive To Win Back Blue-Collar Workers Lost To Trump The fact that President Trump managed to win over white, working-class workers - many of them union workers, or the children of longtime union workers who saw their jobs shipped overseas when the factories closed - during ...
sellputs / Hedge Accordingly   |   Fri, 22 Oct 2021 23:20:00

Hot Stocks: TSLA hits high; Trump halo; alt. energy stocks fall; OCUL clinical data; BYND warning

Seeking Alpha   |   Fri, 22 Oct 2021 22:29:13

Shares in Trump-linked social media venture surge again

Published by AFP New York (AFP) - A new investment vehicle linked to Donald Trump's fledgling media venture soared again Friday in a frenzy that reflects the former president's staying power, as well as a stock market increasingly prone to casino-like tendencies. Shares of Digital World Acquisition Corp, which is ...
sellputs / Hedge Accordingly   |   Fri, 22 Oct 2021 21:39:23

Rudy Giuliani associate Lev Parnas convicted on all counts for illegal campaign contributions

Part of the case alleged Lev Parnas made illegal donations to America First Action, a super PAC supporting former President Donald Trump.
Kevin Johnson, USA TODAY / USA Today   |   Fri, 22 Oct 2021 20:52:45

Donald Trump's Outrageous Reading of Executive Privilege Can't Save Steve Bannon

If the planning of events that led to the January 6th assault on the Capitol is an activity of the executive branch, it's certainly not a legitimate one.
Amy Davidson Sorkin / New Yorker   |   Fri, 22 Oct 2021 20:45:50

Ex-Giuliani pal Lev Parnas found guilty of orchestrating Russia-tied campaign finance scheme

Published by New York Daily News NEW YORK - Ex-Rudy Giuliani associate Lev Parnas was found guilty by a Manhattan jury Friday of violating campaign finance laws during a bumbling bid to launch a weed business and curry favor with then-President Donald Trump and other Republican big shots. Parnas, whose ...
sellputs / Hedge Accordingly   |   Fri, 22 Oct 2021 20:39:46

A new whistleblower reportedly claimed Facebook exempted right-wing outlet Breitbart from certain rules because it didn't want to 'start a fight with Steve Bannon'

Ex-Trump advisor Steve Bannon ran Breitbart News when Facebook defended the outlet to avoid condemnation from the right, the Washington Post reported.
Katie Canales / Business Insider   |   Fri, 22 Oct 2021 20:36:02

Dow Jones Rallies; Tesla Stock Passes Buy Point; Donald Trump SPAC Explodes, Gains 846%

sellputs / Hedge Accordingly   |   Fri, 22 Oct 2021 20:19:22

Donald Trump's social media platform hacked just hours after it was announced, reports say

Hackers gained access to a private version of former President Trump's social network and posted images of defecating pigs and more.
Marina Pitofsky, USA TODAY / USA Today   |   Fri, 22 Oct 2021 19:59:30

Former Rudy Giuliani associate Lev Parnas convicted in campaign finance case

Lev Parnas played a role in the first impeachment of then-President Trump, having helped Rudy Giuliani in an effort to dig up dirt on Joe Biden in Ukraine.
CNBC   |   Fri, 22 Oct 2021 19:57:14

The US War on Terror Is Far from Finished

Nicholas Utzig in the Los Angeles Review of Books: In the last chapter of his first book, Reign of Terror: How the 9/11 Era Destabilized America and Produced Trump, Spencer Ackerman reminds his readers of Bernie Sanders's June 2019 assertion: "There is a straight line from the decision to reorient ...
S. Abbas Raza / 3 Quarks Daily   |   Fri, 22 Oct 2021 19:31:35

How A Licensing Violation Could Shut Down Trump's New Social Media Site

Former President Trump's new social network may only have thirty days to live. Trump launched the app - TRUTH Social...
Josh Kovensky / TPM   |   Fri, 22 Oct 2021 19:31:03

Trump deal: DWAC’s sister firms BENE and ZGYH see their warrants soar more than 300%

Seeking Alpha   |   Fri, 22 Oct 2021 19:03:24

Digital World Acquisition stock surges another 285% as Trump SPAC rally continues for a second day

DWAC shares rocketed 357% on Thursday after the company announced it was taking former US President Donald Trump's media startup public.
Theron Mohamed / Business Insider   |   Fri, 22 Oct 2021 18:47:56

Shares In Trump-linked Social Media Venture Surge Again

A new investment vehicle linked to Donald Trump's fledgling media venture soared again Friday in an investor frenzy that reflects the former president's staying power, as well as a stock market increasingly prone to casino-like tendencies. Shares of Digital World Acquisition Corp, which is set to merge with Trump's Media ...
IBTimes   |   Fri, 22 Oct 2021 18:27:42

US House holds Trump ally in contempt

Taipei Times   |   Fri, 22 Oct 2021 18:09:05

Tax Policy In The Biden Administration

Bloomberg, Biden Hunts for Cash to Fund Agenda After Setback on Tax Rates Bloomberg, Democrats Look for Tax Options If They Have to Ditch Rate Hikes Business Insider, Kyrsten Sinema's Resistance to Undoing the Trump Tax Cuts Opens the Door to New Taxes That Could Hit Billionaires Even Harder Business...
Paul Caron / TaxProf Blog   |   Fri, 22 Oct 2021 18:00:00

Social Media ETFs Experience Volatility Amid SNAP and Trump SPAC

This week has seen dramatic moves in social media stocks and ETFs amid news that Snap reported that its advertising business fell due to Apple's privacy changes, and Trump-related social media SPAC soars. Snap shares tumbled over 24% on Thursday evening and continue to fall on Friday, sparking declines in ...
Ian Young / ETF Trends   |   Fri, 22 Oct 2021 17:56:33

Baldwin Breaks Silence, Expresses "Shock And Sadness" After Killing Woman With "Prop Gun"

Baldwin Breaks Silence, Expresses "Shock And Sadness" After Killing Woman With "Prop Gun" Update (1315ET): Issuing his first public statement since reportedly accidentally killing a senior production staffer with a "prop gun" on the set of his movie "Rust" yesterday, Alec Baldwin tweeted on Friday that he was "shocked and ...
Tyler Durden / Zero Hedge   |   Fri, 22 Oct 2021 17:50:44

John Eastman Is Right: His Election Memo Was "Crazy"

It is shocking that such an absurdly anti-democratic theory ever rose to political prominence.
Matthew A. Seligman / Moneybox   |   Fri, 22 Oct 2021 17:21:31

Looking For The Antidote To Trump's Truth Social? Try Inpathy

Let's be honest, social media isn't going to just go away any time soon.
Nancy Doyle, Contributor / Forbes   |   Fri, 22 Oct 2021 17:19:08

Phunware extends 2-day gain to 2,189% as Trump campaign app developer rides Digital World hype

Phunware, which was worth just $79 million on Wednesday, is now valued at more than $1.3 billion amid Friday's surge.
Matthew Fox / Money Game   |   Fri, 22 Oct 2021 17:07:17

Anthony Scaramucci says the Trump media SPAC is 'garbage propaganda,' but if it does well enough it could keep the former president out of politics

Scaramucci, the former White House communications director under Trump, said he hopes the stock moves like bitcoin.
Natasha Dailey / Business Insider   |   Fri, 22 Oct 2021 16:54:21

Pranksters have already defaced Trump's new social network

Within hours, pranksters posted a picture of a defecating pig to the account. The post Pranksters have already defaced Trump's new social network appeared first on Boston.com .
Washington Post / Boston Globe   |   Fri, 22 Oct 2021 16:45:46

US House investigators target the money trail behind January 6 rally

The House select committee is setting its sights on the financing behind events and people associated with January 6, CNN has learned, including money that funded pro-Trump "Stop the Steal" rallies that preceded the attack on the Capitol that day, in an effort to determine whether any election law violations ...
CNN   |   Fri, 22 Oct 2021 16:31:06

DWAC, the Trump Social-Media SPAC, Surges: What to Know

The firm is promoting itself as having a large market opportunity in presenting an alternative to what it views as the liberal-minded media establishment.
WSJ   |   Fri, 22 Oct 2021 16:09:00

Lighthouse Investment hedge fund sells stake in Trump SPAC firm DWAC after merger news, big stock price rise

President Donald Trump has announced plans for a social media company that will be merged with a SPAC, Digital World Acquisition, whose stock has soared.
CNBC   |   Fri, 22 Oct 2021 16:05:03

What's Allowed on Trump's New 'TRUTH' Social Media Platform-And What Isn't

Including a clause prohibiting users from "excessive use of capital letters"
Time   |   Fri, 22 Oct 2021 16:02:09

Trump Is a Factor In the Virginia Governor's Race

Harry Enten: "You can see how closely feelings toward Trump and vote choice align by looking at the crosstabs of the Fox News poll. On a scale of -1 to [...]
Taegan Goddard / Taegan Goddard   |   Fri, 22 Oct 2021 16:00:16

Eastman Insists He Def Doesn't Believe Memo's 'Crazy' Plots To Steal Election Were Real

John Eastman, the Trump legal adviser behind the infamous memo (which had two similar drafts) detailing various strategies for then-Vice...
Cristina Cabrera / TPM   |   Fri, 22 Oct 2021 15:48:58

Trump-Linked SPAC Plummets After Massive Surge

Trading has been halted several times.
Nicholas Reimann, Forbes Staff / Forbes   |   Fri, 22 Oct 2021 15:35:40

Phunware extends 2-day gain to 2,189% as Trump re-election campaign app developer rides Digital World hype

Phunware, which was worth just $79 million on Wednesday, is now valued at more than $1.3 billion amid Friday's surge.
Matthew Fox / Business Insider   |   Fri, 22 Oct 2021 15:21:11

Phunware stock surges more than 500% on Trump SPAC halo effect

Seeking Alpha   |   Fri, 22 Oct 2021 15:01:28

Biden's Support Among Independents Has Crashed

As Democrats wrangle over his domestic agenda, and anti-Trump conservatives agonize over political strategy, both should pay more attention to the 27-point drop in presidential approval among self-described independents.
Matt Welch / Hit & Run   |   Fri, 22 Oct 2021 14:58:53

Shares In Trump-linked Media Venture Surge Again

A new investment vehicle linked to former US president Donald Trump's fledgling social media venture surged early Friday before trading was temporarily halted due to the volatility. Shares of Digital World Acquisition Corp, which is set to merge with Trump's "TRUTH Social" media startup, surged more than 200 percent before ...
IBTimes   |   Fri, 22 Oct 2021 14:48:34

Scaramucci says he hopes the Trump SPAC keeps soaring so he doesn't run for president again

"The more it goes up, the less likelihood Donald Trump is running for president in 2024," Anthony Scaramucci told CNBC on Friday.
CNBC   |   Fri, 22 Oct 2021 14:42:18

Truth, Social Justice, And The American Way

Truth, Social Justice, And The American Way By Michael Every of Rabobank Former President Trump is launching a new social media platform called TRUTH. Ironically, this DC-rattling news came days after DC Comics changed Superman's motto from "Truth, justice, and the American way" to "Truth, justice, and a better tomorrow." ...
Tyler Durden / Zero Hedge   |   Fri, 22 Oct 2021 14:39:28

Retail traders are cheering Trump's deal to make SPACs great again as Digital World Acquisition Corp. extends triple-digit gains

DWAC is going to be "YUUUUGE" one trader on a Reddit investing thread said following the deal's announcement.
Natasha Dailey / Business Insider   |   Fri, 22 Oct 2021 14:22:58

Why Trump's Social Network Will Likely Fail

Jack Shafer: "Trump is a moderately successful businessman when he sticks to his specialties - real estate and hotels. But all those overpriced, shoddy namesake products failed in the marketplace [...]
Taegan Goddard / Taegan Goddard   |   Fri, 22 Oct 2021 14:19:05