FULL SPEECH: President Trump Swearing-In Ceremony of Judge Jeanine as the U.S. Attorney of D.C | 05/28/25
https://www.youtube.com/watch?v=M5oLsWm_vLk
The Brets with 1 t are the worst. How you not gunna name your kid Brett.
It's like the parents who name their kid Micheal.
The cashiers who put the coins on top of the paper money are the worst.
Paramount has offered $15 million to settle CBS lawsuit with Trump
A month into negotiations, Paramount Global has offered $15 million to settle US President Donald Trump’s lawsuit against CBS News, but the parties remain far apart on terms, the Wall Street Journal reported on Wednesday, citing people familiar with the situation.
Trump’s team wants more than $25 million and is also seeking an apology from CBS News; it has also threatened CBS with another lawsuit related to alleged bias of its news coverage, the report added.
Paramount is expecting to nominate three new directors to its board in coming weeks, bringing the total to seven, while one current director plans to step down, as the company wants to make sure it has a full board in place in case the deal falls through, according to WSJ.
Reuters could not immediately confirm the report. Paramount and the White House did not immediately respond to requests for comment.
Trump filed a $10 billion lawsuit against CBS in October, alleging the network deceptively edited an interview with then-vice president and presidential candidate Kamala Harris to “tip the scales in favor of the Democratic Party” in the election. In an amended complaint filed in February, Trump bumped his claim for damages to $20 billion.
In April, Bill Owens, the long-time executive producer of “60 Minutes,” said he was stepping down over concerns about editorial independence, in a story first reported by Reuters.
https://nypost.com/2025/05/28/media/paramount-has-offered-15-million-to-settle-cbs-lawsuit-with-trump-report/
Howard Lutnick orders some ‘sensitive’ U.S. companies to halt all sales to China
The Trump administration has effectively cut off some American companies from selling software used to design semiconductors to China, the Financial Times reported on Wednesday.
Impacted companies include Cadence, Synopsys and Siemens EDA, according to the FT’s reporting, which cited people familiar with the matter. CNN was not immediately able to confirm that. The three companies didn’t return requests for comment. The New York Times subsequently reported on Wednesday that sales to China of jet engine technology and certain chemicals were also halted.
The Commerce Department told CNN on Wednesday it is “reviewing exports of strategic significance to China.”
“In some cases, Commerce has suspended existing export licenses or imposed additional license requirements while the review is pending,” a spokesperson told CNN. However, they didn’t respond to CNN’s inquiry regarding which companies that included.
The move could be the latest blow in an ongoing trade war between the world’s two biggest economies. While that trade war is ostensibly on pause while the US and China continue to negotiate a trade deal, the Commerce Department’s actions underscore the acrimony between the two nations and the challenges in keeping the peace.
The pause came after Chinese government officials and Trump administration officials met in Geneva earlier this month. The US lowered tariffs on products from China to a minimum of 30% from 145%. Meanwhile, China lowered tariffs on American goods to a minimum of 10% from 125%.
The truce is set to expire in August and is intended to give both countries more time to negotiate a potentially longer-term trade deal. However, either country could raise tariff rates again and throw the relationship back into turmoil.
Liu Pengyu, a spokesperson for the Chinese Embassy in the US, declined to comment on the Commerce Department’s latest actions. However, he said in a statement provided to CNN that “China firmly opposes the US’s overstretching the concept of national security, abusing export controls, and maliciously blocking and suppressing China.”
“China will keep a close eye on relevant developments, and take resolute measures to firmly defend the legitimate and lawful rights and interests of Chinese companies,” he added.
https://lite.cnn.com/2025/05/28/economy/trump-us-companies-china
Nvidia beats on earnings and revenue as data center sales jump 73%
-Nvidia reported better-than-expected earnings and revenue on Wednesday, as the company’s booming data center business recorded year-over-year growth above 73%.
-The stock rose about 6% in extended trading.
-Overall revenue grew 69% during the quarter, and sales in the company’s data center division, which includes AI chips and related parts, grew 73%.
Nvidia reported better-than-expected earnings and revenue on Wednesday, as the company’s booming data center business recorded year-over-year growth of 73%.
The stock rose about 6% in extended trading.
Here’s how the company did, compared with estimates from analysts polled by LSEG:
-Earnings per share: 96 cents adjusted vs. 93 cents expected
-Revenue: $44.06 billion vs. $43.31 billion expected
Nvidia said it expects about $45 billion in sales in the current quarter, versus LSEG estimates of $45.9 billion in sales in the July quarter. The company said its guidance would have been about $8 billion higher except for lost sales from a recent export restriction on its China-bound H20 chips.
During the quarter, the U.S. government informed Nvidia that its previously approved H20 processor for China would require an export license. Nvidia said it incurred $4.5 billion in charges related to excess inventory for the chip, and would have recorded $2.5 billion in extra sales if the chip hadn’t been restricted.
Nvidia said its gross margin of 61% for the quarter would have been 71.3% if not for the China-related charge.
Nvidia CEO Jensen Huang told investors on an earnings call that the $50 billion market in China for AI chips is “effectively closed to U.S. industry.”
“The H20 export ban ended our Hopper data center business in China,” Huang said.
Despite the political tension, Nvidia’s report shows the company is continuing to grow aggressively, powered by demand for its artificial intelligence chips, which are used to build and deploy applications like OpenAI’s ChatGPT.
“Global demand for Nvidia’s AI infrastructure is incredibly strong,” said Huang in a statement.
Net income increased 26% to $18.8 billion, or 76 cents per share, from $14.9 billion, or 60 cents per share, a year earlier.
Based on extended trading, Nvidia shares are now less than 5% below their record high reached in January and are at their highest in four months.
Revenue rose 69% in the quarter from $26 billion a year earlier. Sales in the company’s data center division, which includes AI chips and related parts, grew 73% on an annual basis to $39.1 billion, accounting for 88% of total revenue.
Nvidia said large cloud providers made up just under half the data center unit’s revenue, and $5 billion in sales were for the company’s networking products, which are used to connect scores of Nvidia chips for AI research.
Microsoft has “deployed tens of thousands of Blackwell GPUs and is expected to ramp to hundreds of thousands” of the company’s GB200 product, due largely to its relationship with OpenAI, Chief Financial Officer Colette Kress said.
The company’s gaming division, which includes its chips for playing 3D games, grew 42% on an annual basis to $3.8 billion. Nvidia primarily made gaming chips before its semiconductors became essential for AI. It still makes the processor at the heart of the new Nintendo Switch 2 console. But its gaming chips can also be used for AI applications.
The company’s automotive and robotics division reported sales growth of 72% to $567 million. Nvidia attributed the rise to additional sales of its chips and software for self-driving cars. The company’s professional visualization business, which comprises chips for 3D design, as well as the company’s recently released DGX Spark and DGX Station desktops for AI, grew 19% to $509 million in revenue during the quarter.
Nvidia said it spent $14.1 billion on share repurchases during the quarter and paid $244 million in dividends.
https://www.cnbc.com/2025/05/28/nvidia-nvda-earnings-report-q1-2026.html
e.l.f. Beauty buys Hailey Bieber’s Rhode skin-care brand for $1 billion
E.l.f. Beauty has acquired Hailey Bieber’s skincare brand, Rhode, in a $1 billion deal. The purchase includes $800 million in cash and stock, with an additional $200 million earnout based on Rhode’s growth over the next three years.
Rhode, launched in 2022, has quickly become a major player in the beauty industry, generating $212 million in net sales in the past year. The brand is set to expand into Sephora stores across North America and the U.K. later this year.
Hailey Bieber will continue as Rhode’s Chief Creative Officer and Head of Innovation, overseeing product development and marketing. The acquisition strengthens E.l.f. Beauty’s presence in prestige skincare, following its 2023 purchase of Naturium for $355 million.
https://uk.finance.yahoo.com/news/e-l-f-beauty-buys-201620229.html
Katie Daviscourt 📸
@KatieDaviscourt
Breaking — Antifa militants and trans activists have surrounded a mother and her baby trying to leave the Seattle pro-Christian rally.
Chaos unfolded after police responded to the scene to save the woman.
Another arrest has been made.
https://x.com/KatieDaviscourt/status/1927549026771362126
Nick Sortor
@nicksortor
🚨 JUST IN: James Comey SLAMS Dan Bongino and Kash Patel for reopening and increasing investigations into the Biden White House cocaine, J6 pipe bomber, and the Supreme Court Dobbs leak
Comey is in total self-preservation mode.
Spill EVERYTHING, Kash and Bongino! 🔥
https://x.com/nicksortor/status/1927751401494491356
MIT scraps DEI office
MIT has decided to shut down its Diversity, Equity, and Inclusion (DEI) office, following an 18-month assessment of its programs2. The university will also eliminate the role of vice president for equity and inclusion as part of the restructuring.
MIT President Sally Kornbluth announced the decision, emphasizing that the institution is focused on attracting top talent from diverse backgrounds while ensuring a welcoming and supportive environment2.
The move comes amid political tensions between the Trump administration and Harvard University, with the White House freezing over $3 billion in research grants to Harvard due to concerns over discriminatory hiring practices and foreign student enrollment. However, MIT has stated that its decision was independent of these political disputes.
https://nypost.com/2025/05/28/us-news/mit-scraps-dei-office-ends-programs-amid-trumps-fight-with-harvard/
Taurus missiles could strike deep within Russia
Germany's new chancellor, Friedrich Merz, has pledged to help Ukraine produce long-range missiles to defend against Russian attacks. While he did not explicitly confirm supplying Taurus missiles, he stated that a memorandum of understanding on missile production would be signed between Germany and Ukraine.
Merz emphasized that Western allies had already lifted range restrictions on weapons supplied to Ukraine months ago, despite Kremlin warnings that such a move could escalate tensions. Meanwhile, Ukrainian President Volodymyr Zelensky has called for direct talks with Trump and Putin to negotiate a settlement, though Russia insists that agreements must be reached between official delegations first.
https://www.bbc.com/news/articles/cpw7vllepx7o
New student visas paused as State Dept. plans tougher social media review
The State Department on Tuesday suspended foreign students’ visa appointments as it weighs expanded guidelines for screening applicants’ social media accounts, according to an internal cable obtained by The Washington Post.
Experts called it a troubling development in the Trump administration’s campaign against universities that it says foster antisemitism.
“Effective immediately, in preparation for an expansion of required social media screening and vetting, consular sections should not add any additional student or exchange visitor (E, M, and J) visa appointment capacity until further guidance is issued,” which will happen in coming days, the cable said to agency staff. Unclaimed visa appointment times “should be immediately removed from availability.”
The document was first reported by Politico. A senior State Department official confirmed to The Post the accuracy of the cable on the suspension of visa processing.
The Trump administration has led an unyielding battle against universities that it alleges allow antisemitism, most recently attempting to bar Harvard from hosting international students and directing federal agencies to cancel or redirect contracts with the Ivy League school. The government also has orchestrated a crackdown on foreign national students who have expressed pro-Palestinian political beliefs, often citing social media posts and campus protests as grounds for detaining them and revoking their legal status.
Much of these efforts — like Harvard’s certification to admit foreign students and students’ deportations — are mired in legal fights. But the administration has pressed forward to target visa processes.
Homeland Security last month, citing White House executive orders aimed at addressing antisemitism, said it will begin screening noncitizens’ social media accounts for antisemitic content as reason to deny visa and green-card applications — including visa applications from foreign students. The policy change drew backlash from immigration-law and free-speech experts who said it could violate people’s First Amendment rights; the author of the International Holocaust Remembrance Alliance’s definition of antisemitism recently told NPR that the White House has abused the term.
The State Department in its cable Tuesday said that in line with White House directives, “the next step is for posts to evaluate operations and processes in preparation for this expanded social media vetting of all student and exchange visitor (F, M, J) visa applicants.”
The cable added: “The Department is conducting a review of existing operations and processes for screening and vetting of student and exchange visitor (F, M, J) visa applicants and based on that review, plans to issue guidance on expanded social media vetting for all such applicants.”
It’s unclear what the State Department’s new guidelines will entail.
“That’s something that has not been discussed publicly,” Tammy Bruce, a State Department spokeswoman, told reporters during a press briefing Tuesday. “We use every tool in our tool chest to vet anyone coming in who wants to come into this country.”
“Every country has a right to know who’s trying to come in, why they want to come in, who they are, what they’ve been doing and, at least hopefully, within that framework, determine what they will be doing while they’re here,” Bruce added. “So that’s nothing new, and we will continue to use every tool we can to assess who it is that’s coming here, whether they are students or otherwise.”
Bruce declined to say what the process was for social media vetting or how it might change. “We’re not going to lay [the process] out here with the media, the nature of the steps that are taken, the methods that we use,” Bruce said, adding that while she will not reveal the details of the process, “it’s one that will hopefully achieve our understanding of who deserves to visit this country and who does not.”
More than 1 million international students attend colleges across the United States each year, bringing billions of dollars to the American economy and bolstering the nation’s science and technology sectors. NAFSA: Association of International Educators estimates that international students contributed nearly $44 billion to the U.S. economy during the 2023-2024 school year, including paying for tuition, fees, accommodations, transportation and incidentals like clothes and food.
“Depending how restrictive the Trump administration becomes on awarding student visas, it would mean fewer international students would plan on coming to the U.S.,” said Stuart Anderson, executive director of the nonpartisan think tank National Foundation for American Policy. “People like to have some certainty when they’re making plans, particularly something so vital to their future as where they will study and maybe have a career.”
Anderson said the latest State Department directive indicates that the administration is intent on keeping out visa applicants whose views they deem unacceptable.
“There’s enormous discretionary authority for consular officers, and if they’re focusing on social media posts it would be very hard for individuals to get a second bite of the apple because, often, they won’t even know for sure why they were denied a visa,” Anderson said.
“This all started when they arrested students that were involved in [Pro-Palestinian] protests, or wrote op-ed pieces that the administration didn’t like,” which the administration decided was “not in the foreign policy interest of the United States,” Anderson said.
President Donald Trump promised to deport international students he alleges are engaging in “pro-terrorist, antisemitic, anti-American” protests over Israel’s war in Gaza, and Secretary of State Marco Rubio said the administration has revoked hundreds of student visas this year.
But previous court cases, First Amendment rights and other due process requirements “makes what the State Department has been doing legally questionable for students inside the country,” Anderson said. “By focusing more attention on people before they get to the U.S., they would cut off legal avenues that people would have once they’re in the U.S.”
https://archive.is/Tx2y6#selection-481.0-781.350
New student visas paused as State Dept. plans tougher social media review
The State Department on Tuesday suspended foreign students’ visa appointments as it weighs expanded guidelines for screening applicants’ social media accounts, according to an internal cable obtained by The Washington Post.
Experts called it a troubling development in the Trump administration’s campaign against universities that it says foster antisemitism.
“Effective immediately, in preparation for an expansion of required social media screening and vetting, consular sections should not add any additional student or exchange visitor (E, M, and J) visa appointment capacity until further guidance is issued,” which will happen in coming days, the cable said to agency staff. Unclaimed visa appointment times “should be immediately removed from availability.”
The document was first reported by Politico. A senior State Department official confirmed to The Post the accuracy of the cable on the suspension of visa processing.
The Trump administration has led an unyielding battle against universities that it alleges allow antisemitism, most recently attempting to bar Harvard from hosting international students and directing federal agencies to cancel or redirect contracts with the Ivy League school. The government also has orchestrated a crackdown on foreign national students who have expressed pro-Palestinian political beliefs, often citing social media posts and campus protests as grounds for detaining them and revoking their legal status.
Much of these efforts — like Harvard’s certification to admit foreign students and students’ deportations — are mired in legal fights. But the administration has pressed forward to target visa processes.
Homeland Security last month, citing White House executive orders aimed at addressing antisemitism, said it will begin screening noncitizens’ social media accounts for antisemitic content as reason to deny visa and green-card applications — including visa applications from foreign students. The policy change drew backlash from immigration-law and free-speech experts who said it could violate people’s First Amendment rights; the author of the International Holocaust Remembrance Alliance’s definition of antisemitism recently told NPR that the White House has abused the term.
The State Department in its cable Tuesday said that in line with White House directives, “the next step is for posts to evaluate operations and processes in preparation for this expanded social media vetting of all student and exchange visitor (F, M, J) visa applicants.”
The cable added: “The Department is conducting a review of existing operations and processes for screening and vetting of student and exchange visitor (F, M, J) visa applicants and based on that review, plans to issue guidance on expanded social media vetting for all such applicants.”
It’s unclear what the State Department’s new guidelines will entail.
“That’s something that has not been discussed publicly,” Tammy Bruce, a State Department spokeswoman, told reporters during a press briefing Tuesday. “We use every tool in our tool chest to vet anyone coming in who wants to come into this country.”
“Every country has a right to know who’s trying to come in, why they want to come in, who they are, what they’ve been doing and, at least hopefully, within that framework, determine what they will be doing while they’re here,” Bruce added. “So that’s nothing new, and we will continue to use every tool we can to assess who it is that’s coming here, whether they are students or otherwise.”
Bruce declined to say what the process was for social media vetting or how it might change. “We’re not going to lay [the process] out here with the media, the nature of the steps that are taken, the methods that we use,” Bruce said, adding that while she will not reveal the details of the process, “it’s one that will hopefully achieve our understanding of who deserves to visit this country and who does not.”
More than 1 million international students attend colleges across the United States each year, bringing billions of dollars to the American economy and bolstering the nation’s science and technology sectors. NAFSA: Association of International Educators estimates that international students contributed nearly $44 billion to the U.S. economy during the 2023-2024 school year, including paying for tuition, fees, accommodations, transportation and incidentals like clothes and food.
“Depending how restrictive the Trump administration becomes on awarding student visas, it would mean fewer international students would plan on coming to the U.S.,” said Stuart Anderson, executive director of the nonpartisan think tank National Foundation for American Policy. “People like to have some certainty when they’re making plans, particularly something so vital to their future as where they will study and maybe have a career.”
Anderson said the latest State Department directive indicates that the administration is intent on keeping out visa applicants whose views they deem unacceptable.
“There’s enormous discretionary authority for consular officers, and if they’re focusing on social media posts it would be very hard for individuals to get a second bite of the apple because, often, they won’t even know for sure why they were denied a visa,” Anderson said.
“This all started when they arrested students that were involved in [Pro-Palestinian] protests, or wrote op-ed pieces that the administration didn’t like,” which the administration decided was “not in the foreign policy interest of the United States,” Anderson said.
President Donald Trump promised to deport international students he alleges are engaging in “pro-terrorist, antisemitic, anti-American” protests over Israel’s war in Gaza, and Secretary of State Marco Rubio said the administration has revoked hundreds of student visas this year.
But previous court cases, First Amendment rights and other due process requirements “makes what the State Department has been doing legally questionable for students inside the country,” Anderson said. “By focusing more attention on people before they get to the U.S., they would cut off legal avenues that people would have once they’re in the U.S.”
https://archive.is/Tx2y6#selection-481.0-781.350
U.S. Immigration and Customs Enforcement
@ICEgov
Sandro Reyes-Arreguin was a DACA recipient — but he allegedly spent his time in the United States as a sexual predator.
📌Charged with coercion & sexual exploitation of a child
ICE agents coordinated across field offices & with local law enforcement to arrest him. ICE Tulsa requested the arrest warrant, and ICE Tampa agents ultimately apprehended him in Florida.
🔊Our team shares a commitment to keep our children safe from predators
https://x.com/ICEgov/status/1927727057016181028
Meet The Mortgage Company Enabling Illegal Immigrants To Buy American Homes
After decades of mass illegal immigration into the United States, untold millions of illegal aliens have settled throughout the country, competing with Americans for government benefits, jobs, and now, for homes.
For most illegal aliens, obtaining a mortgage from a traditional bank — without a social security number or a credit score — is nearly impossible. But as millions of illegal aliens flooded the country, a new industry has cropped up to capitalize on the new customer base, selling financing catered to the illegal population.
One entity at the forefront of this industry, a Daily Wire investigation has revealed, is Prysma Lending, which has given out more than a billion dollars in loans in red and blue states alike as it blatantly targets illegal aliens.
Trump pledged to ban mortgages for illegal aliens on the campaign trail and his administration took action in March to prevent government-backed mortgages from going to illegal aliens. But Prysma is one of several companies — including Colony Ridge, the Texas development that The Daily Wire exposed as a magnet for illegal aliens — that uses a different financial tactic that isn’t impacted by the administration’s recent rule change, which specifically targeted loans backed by the Federal Housing Administration.
The company prides itself on “empowering the Latino community to achieve homeownership” in its Spanish-language Instagram bio. The company’s president, Monica Serva, says she started Prysma with the intent of “helping the Latino community” because she “realized how unfairly minorities were treated.”
But Prysma revealed that its business model relied on illegal aliens, in particular, when it hosted a webinar with an immigration lawyer to answer their customers’ questions about the risk of deportation in the days following President Donald Trump’s inauguration.
The company is evidently concerned that its clientele could be deported, or at least that potential customers could be dissuaded from buying a home in a country that they fear they could be removed from.
They have reason to be worried. The Connecticut-based company’s website is checkered with explicit appeals to illegal aliens, allowing it to corner a market that doesn’t have access to the same financial tools as American citizens and legal residents.
“Prysma has helped non-US citizen families in: Connecticut, Florida, Massachusetts, New Jersey, New York, Pennsylvania, and Texas,” the corporation’s site reads. “No Social Security or Green Card required.”
“You have a right to homeownership, regardless of legal status,” Prysma says. The company even published guides on “loans for undocumented immigrants” and boasts that it has “extensive experience with loans tailored to the unique needs of undocumented immigrants.”
“Securing personal loans can be a crucial step toward financial independence for undocumented immigrants, who often face challenges accessing traditional financial products,” Prysma writes.
Federation for American Immigration Reform Media Director Ira Mehlman told The Daily Wire that allowing illegal aliens to access mortgages could incentivize them to remain in the country, but that Congress could take action.
“Access to mortgages can serve as an incentive for illegal aliens to remain in the country, especially at a time when the goal of the government is convincing illegal aliens to leave,” Mehlman explained. Congress could take many actions – from disclosure to outright prohibition – and set a national standard for states to follow.”
A Prysma employee admitted in the post-election webinar that the company specializes in offering loans to illegal aliens.
“At Prysma, again we’re super honored that Latinos come to us … well, people from all different parts of the world, looking for loans that don’t require a legal status,” Senior Mortgage Loan Originator Stefany Pina said.
The corporation made a guide to go along with the talk, providing “actionable steps to safeguard the things that matter to you most should you or a family member be at risk of deportation.” The document tells customers how to trigger a “credible fear” interview to avoid deportation, adding that “the interview process can slow deportation proceedings, giving you time to build a legal defense.”
https://www.dailywire.com/news/inside-the-company-financing-the-illegal-alien-takeover-of-american-homes
U.S. Immigration and Customs Enforcement
@ICEgov
This illegal alien is also a lifetime parolee and registered sex offender. His victim was a child, and thanks to ICE Newark officers, he’s also facing removal proceedings.
🔊Our team shares a commitment to keep our children safe from predators.
https://x.com/ICEgov/status/1927734104893571520
Mark Mitchell, Rasmussen Reports
@honestpollster
Holy crap - it happened!
🔥For the first time in our polling history A MAJORITY says the country is on the right track🔥
Don't F it up, Republicans.
https://x.com/honestpollster/status/1927338055813288068
Trump Media Raises Money to Buy $2.5 Billion in Bitcoin
Trump Media & Technology Group, the parent company of Truth Social, said on Tuesday that it would raise $2.5 billion from institutional investors to invest in Bitcoin, continuing its transformation from a social media company into a financial services and crypto play.
Trump Media, whose largest shareholder is President Trump, said it would raise $1.5 billion from about 50 institutional investors by selling roughly 58 million shares. The company is planning to raise an additional $1 billion from the sale of bonds that can also be converted into shares at a later date.
The announcement came as the president and his family have become more involved in a number of crypto companies. Mr. Trump owns a little over 50 percent of Trump Media’s stock, making his roughly $2.7 billion stake one of his most valuable investments.
The sale of the new shares will potentially dilute the value of Trump Media’s stock, including the 115 million shares that Mr. Trump owns. The president’s shares are held in a trust managed by his eldest son, Donald Jr., who also is a Trump Media board member.
As part of the deal, which could close as soon as Thursday, the shares will be sold at $25.72.
Shares of Trump Media were down over 10 percent at the close of trading on Tuesday. The stock is down 31 percent for the year.
Trump Media, which has a market value of just over $5 billion, said that with the cash raised from the stock and bond sale it would create one of the largest corporate reserves to invest in Bitcoin. The company is taking a page from the investment strategy made famous by Michael Saylor’s company Strategy, formerly known as MicroStrategy, which was one of the first to invest mightily in Bitcoin as a cash-management technique.
“We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets,” Devin Nunes, the company’s chief executive officer and a former California congressman, said in a statement.
The company did not immediately disclose the investors in the deal.
Trump Media went public a little over a year ago, after completing a merger with a cash-rich shell company. But the company has been losing money ever since, and Truth Social has generated just a few million dollars in advertising revenue, even as the social media platform serves as Mr. Trump’s primary online megaphone for communicating to the public.
Last quarter, Trump Media recorded a $32 million loss on just $820,000 in revenue from advertising and other sources.
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Mike Stegemoller, a professor of finance at Baylor University, said Trump Media appeared to be “throwing in the towel” on its original business strategy. He added, “This does not look like a high-growth social media platform.”
This year, the company began to move away from its reliance on advertising dollars and into crypto and financial services.
Last month, Trump media announced a deal with Crypto.com and an affiliate of Yorkville Advisors, a New Jersey investment firm, to launch a series of exchange-traded funds by the end of the year. The series of E.T.F.s will invest in Bitcoin and so-called America First businesses that are in keeping with President Trump’s campaign pledges.
The company also said it planned to invest in Bitcoin as part of its corporate cash management strategy, but Tuesday’s announcement moved Trump Media into that strategy in a much bigger way.
Bitcoin is trading near an all-time high and is up more than 50 percent over the past year.
Both Crypto.com, which is based in Singapore, and Yorkville also will play a role in Trump Media’s new Bitcoin investment strategy, as well as the crypto bank Anchorage Digital.
Trump Media also retained Cantor Fitzgerald as its financial adviser. Cantor is the company formerly led by Commerce Secretary Howard Lutnick and has begun to also embrace crypto as an investing strategy.
Initially a crypto critic, Mr. Trump went on to fully champion the industry during last year’s presidential campaign and vowed that his administration would take a more welcoming approach to digital assets than the Biden administration did.
Shortly after Mr. Trump returned to office, securities regulators dismissed roughly a dozen lawsuits against and pending investigations of crypto companies. In March, Crypto.com said it had been notified that an investigation into the platform’s activities had been closed.
Mr. Trump is estimated to have added billions of dollars to his personal fortune, at least on paper, since the start of his new term, much of it through crypto.
Last week, the president hosted a dinner at his Virginia golf club, and among the guests were the highest-paying customers of his personal cryptocurrency, known as $TRUMP. The event helped promote sales of the memecoin, which was introduced just days before Mr. Trump’s inauguration and has become a vehicle for investors, including many foreigners, to funnel money to his family.
World Liberty Financial, a crypto venture largely owned by a Trump family corporate entity, recently pulled in $2 billion from the government of the United Arab Emirates. American Bitcoin, a crypto firm co-founded by Eric Trump, another of the president’s sons, said this month that it planned to go public, another expansion of the Trump family’s investments across the crypto industry.
https://archive.is/ZGlyC#selection-4753.0-4843.200
Trump Media Raises Money to Buy $2.5 Billion in Bitcoin
Trump Media & Technology Group, the parent company of Truth Social, said on Tuesday that it would raise $2.5 billion from institutional investors to invest in Bitcoin, continuing its transformation from a social media company into a financial services and crypto play.
Trump Media, whose largest shareholder is President Trump, said it would raise $1.5 billion from about 50 institutional investors by selling roughly 58 million shares. The company is planning to raise an additional $1 billion from the sale of bonds that can also be converted into shares at a later date.
The announcement came as the president and his family have become more involved in a number of crypto companies. Mr. Trump owns a little over 50 percent of Trump Media’s stock, making his roughly $2.7 billion stake one of his most valuable investments.
The sale of the new shares will potentially dilute the value of Trump Media’s stock, including the 115 million shares that Mr. Trump owns. The president’s shares are held in a trust managed by his eldest son, Donald Jr., who also is a Trump Media board member.
As part of the deal, which could close as soon as Thursday, the shares will be sold at $25.72.
Shares of Trump Media were down over 10 percent at the close of trading on Tuesday. The stock is down 31 percent for the year.
Trump Media, which has a market value of just over $5 billion, said that with the cash raised from the stock and bond sale it would create one of the largest corporate reserves to invest in Bitcoin. The company is taking a page from the investment strategy made famous by Michael Saylor’s company Strategy, formerly known as MicroStrategy, which was one of the first to invest mightily in Bitcoin as a cash-management technique.
“We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets,” Devin Nunes, the company’s chief executive officer and a former California congressman, said in a statement.
The company did not immediately disclose the investors in the deal.
Trump Media went public a little over a year ago, after completing a merger with a cash-rich shell company. But the company has been losing money ever since, and Truth Social has generated just a few million dollars in advertising revenue, even as the social media platform serves as Mr. Trump’s primary online megaphone for communicating to the public.
Last quarter, Trump Media recorded a $32 million loss on just $820,000 in revenue from advertising and other sources.
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Mike Stegemoller, a professor of finance at Baylor University, said Trump Media appeared to be “throwing in the towel” on its original business strategy. He added, “This does not look like a high-growth social media platform.”
This year, the company began to move away from its reliance on advertising dollars and into crypto and financial services.
Last month, Trump media announced a deal with Crypto.com and an affiliate of Yorkville Advisors, a New Jersey investment firm, to launch a series of exchange-traded funds by the end of the year. The series of E.T.F.s will invest in Bitcoin and so-called America First businesses that are in keeping with President Trump’s campaign pledges.
The company also said it planned to invest in Bitcoin as part of its corporate cash management strategy, but Tuesday’s announcement moved Trump Media into that strategy in a much bigger way.
Bitcoin is trading near an all-time high and is up more than 50 percent over the past year.
Both Crypto.com, which is based in Singapore, and Yorkville also will play a role in Trump Media’s new Bitcoin investment strategy, as well as the crypto bank Anchorage Digital.
Trump Media also retained Cantor Fitzgerald as its financial adviser. Cantor is the company formerly led by Commerce Secretary Howard Lutnick and has begun to also embrace crypto as an investing strategy.
Initially a crypto critic, Mr. Trump went on to fully champion the industry during last year’s presidential campaign and vowed that his administration would take a more welcoming approach to digital assets than the Biden administration did.
Shortly after Mr. Trump returned to office, securities regulators dismissed roughly a dozen lawsuits against and pending investigations of crypto companies. In March, Crypto.com said it had been notified that an investigation into the platform’s activities had been closed.
Mr. Trump is estimated to have added billions of dollars to his personal fortune, at least on paper, since the start of his new term, much of it through crypto.
Last week, the president hosted a dinner at his Virginia golf club, and among the guests were the highest-paying customers of his personal cryptocurrency, known as $TRUMP. The event helped promote sales of the memecoin, which was introduced just days before Mr. Trump’s inauguration and has become a vehicle for investors, including many foreigners, to funnel money to his family.
World Liberty Financial, a crypto venture largely owned by a Trump family corporate entity, recently pulled in $2 billion from the government of the United Arab Emirates. American Bitcoin, a crypto firm co-founded by Eric Trump, another of the president’s sons, said this month that it planned to go public, another expansion of the Trump family’s investments across the crypto industry.
https://archive.is/ZGlyC#selection-4753.0-4843.200
U.S. Immigration and Customs Enforcement
@ICEgov
Sandro Reyes-Arreguin was a DACA recipient — but he allegedly spent his time in the United States as a sexual predator.
📌Charged with coercion & sexual exploitation of a child
ICE agents coordinated across field offices & with local law enforcement to arrest him. ICE Tulsa requested the arrest warrant, and ICE Tampa agents ultimately apprehended him in Florida.
🔊Our team shares a commitment to keep our children safe from predators
https://x.com/ICEgov/status/1927727057016181028
Block-chaining a currency. Now that sounds like a good idea. Can't counterfeit, and you'd actually know how much of it is in circulation.