الوسم: media

  • Trump calls media ‘the enemy camp’ in speech declaring victory | US elections 2024

    On stage in West Palm Beach in the early hours of Wednesday morning, Donald Trump thanked his supporters, his family and his campaign team as he declared victory in the US presidential race. One group not on the former president’s thank-you cards: the media, whom he referred to as “the enemy camp”.

    Introducing his running mate, the Ohio senator JD Vance, Trump said: “I told JD to go into the enemy camp. He just goes: OK. Which one? CNN? MSNBC? He’s like the only guy who looks forward to going on, and then just absolutely obliterates them.”

    Trump has had an antagonistic relationship with the US press for years, often labeling them as the “crooked media” and calling them the “enemy of the people”. But as the Republican candidate in recent weeks ramped up his rhetoric against his perceived opponents, he’s intensified his attacks on reporters as well.

    The comment during Trump’s victory speech come less than a week after he joked during a campaign rally he would have no concerns about reporters being shot at if there were another assassination attempt against him.

    During meandering comments at a rally in Pennsylvania last week, Trump complained about gaps in the bulletproof shields surrounding him after a gunman opened fire on him at a rally in July.

    “To get me, somebody would have to shoot through the fake news and I don’t mind that so much,” he said.

    The press, he added, were “seriously corrupt people”.

    Trump’s communications director later claimed in a statement the comments were supposedly an effort to look out for the welfare of the news media.

    Trump on Wednesday morning claimed victory over his Democratic opponent in the presidential race, Kamala Harris, and pledged to bring a “golden age” to the United States.

    “This was a movement like nobody’s ever seen before, and frankly, this was, I believe, the greatest political movement of all time. There’s never been anything like this in this country, and maybe beyond,” Trump said.

  • Trump Media shareholder UAV sold nearly 11 million shares

    Trump Media shareholder UAV sold nearly 11 million shares

    United Atlantic Ventures, a significant shareholder in Trump Media, has sold nearly 11 million shares in the company, according to a regulatory filing Thursday, weeks after a federal judge cleared the way for the transaction.

    The move left UAV — an investment partnership of former “Apprentice” contestants Andrew Litinsky and Wes Moss — owning just 100 shares in Trump Media, which operates the Truth Social app.

    The amount of money UAV got from the stock sales, which occurred within the past week, was not disclosed.

    But the price range that DJT shares has traded at during that time – which saw unusually heavy trading volume — suggests that UAV would have received between $128 million and $170 million for its stock.

    UAV was allowed to dump its 5.4% stake in Trump Media after a lock-up agreement that barred company insiders from selling expired on Sept. 19.

    UAV is the only known insider to sell off shares after that day.

    Litinsky and Moss had pitched the idea of a social media company to former President Donald Trump, the star of the “Apprentice” show, and co-founded Trump Media with him in 2021.

    The two later fell out with Trump and since then have been embroiled in lawsuits with Trump Media over their shares.

    Trump owns 114.7 million DJT shares, more than 56% of Trump Media’s stock.

    After UAV’s sale of its stake, the only other entity that holds more than 5% of Trump Media shares is ARC Global Investments II LLC, which holds slightly more than 11 million shares.

    DJT stock closed Thursday at $13.98 per share, a decrease of about 1%.

    The Republican presidential nominee Trump on Sept. 13 said “I have absolutely no intention of selling” his shares in the company after the lock-up period expired.

    CNBC has requested comment from Trump Media and a lawyer for UAV about the sales by Litinsky and Moss’ company.

    Securities and Exchange Commission filings show that UAV owned 7,525,000 shares of Trump Media as of March 25, the day the company completed a merger with the blank-check company Digital World Acquisition Corp., which led to Trump’s company becoming publicly traded.

    UAV later was awarded another 3.44 million shares that were issued “for no additional consideration based on the performance of our shares of Common Stock,” Trump Media said in an SEC filing on Sept. 5.

    That left UAV owning more than 10.96 million shares.

    Thursday’s SEC filing disclosing UAV’s sale of the vast majority of those shares does not give the dates or prices for the selloff.

    Trump Media had warned in a Florida lawsuit that UAV was planning to sell “all of its shares as soon as possible” once the lock-up period expired.

    UAV’s disclosure of the sale in a 13G filing with the SEC came on the heels of a Sept. 6 ruling by a federal judge in Delaware in UAV’s favor in a lawsuit against a securities transfer agent, Odyssey Transfer and Trust Company.

    That ruling barred Odyssey from interfering with the transfer of UAV’s Trump Media shares to UAV when the lock-up period expired.

    Odyssey had indicated before the ruling that it would take directions from Trump Media on the transfer of share, and Trump Media had refused to say if it would allow Odyssey to remove transfer restrictions without preference to any shareholder.

    Trump Media stock soared in its trading debut on the Nasdaq, reaching an intraday high of $79.38 per share and sending the company’s market capitalization north of $10 billion.

    But DJT’s price quickly pulled back.

    In recent months it has suffered a downward slide that erased more than 80% of the company’s value at its post-merger peak. The company’s market cap is now below $2.8 billion.

    Analysts view DJT as a meme stock whose wild price swings were driven more by investors’ support for Trump, the majority shareholder and Truth Social’s main draw, than its business fundamentals.

    Trump Media has reported net losses of around $344 million on revenues of less than $2 million in its last two quarterly earnings reports.

  • Trump slams media in Pennsylvania as Harris stumps in Michigan | US Election 2024 News

    Trump slams media in Pennsylvania as Harris stumps in Michigan | US Election 2024 News

    Republican presidential candidate Donald Trump has given a profane and conspiracy-laden speech two days before the presidential election, as his Democratic rival Kamala Harris spoke at a historically Black church in the battleground state of Michigan.

    Opinion polls show the pair locked in a tight race, with Vice President Harris, 60, bolstered by strong support among women voters while former President Trump, 78, gains ground with Hispanic voters, especially men.

    In remarks on Sunday that bore no resemblance to his standard speech in the campaign’s closing stretch, Trump spoke about reporters being shot and suggested he “shouldn’t have left” the White House after his 2020 loss to President Joe Biden.

    The former president also resurrected old grievances about being prosecuted after trying to overturn his defeat four years ago.

    Trump intensified his verbal attacks against a “grossly incompetent” national leadership and the American media, steering his Pennsylvania rally at one point onto the topic of violence against members of the press.

    In a meandering 90-minute rally speech two days before Tuesday’s US presidential election, Trump noted gaps in the glass panes around him.

    The former president has survived two attempted assassinations this year, including being grazed in the ear by a gunman’s bullet during a July rally in Butler, Pennsylvania.

    Surveying the gaps, Trump said: “To get me, somebody would have to shoot through the fake news and I don’t mind that so much.”

    Unrestrained rhetoric

    His rhetoric has become increasingly unrestrained in the campaign‘s final weeks.

    Arizona’s top prosecutor on Friday opened an investigation after Trump suggested prominent Republican critic and former congresswoman Liz Cheney should face gunfire in combat.

    He said Cheney would not be willing to support foreign wars if she had “nine barrels shooting at her”.

    Trump campaign spokesperson Steven Cheung issued a statement after the media remarks on Sunday, saying Trump was looking out for the media’s safety.

    “The president’s statement about protective glass placement has nothing to do with the media being harmed or anything else. It was about threats against him that were spurred on by dangerous rhetoric from Democrats,” the statement said.

    Trump spent a considerable amount of his speech attacking the news media at the rally, at one point gesturing to TV cameras and saying, “ABC, it’s ABC, fake news, CBS, ABC, NBC. These are, these are, in my opinion, in my opinion, these are seriously corrupt people.”

    Harris in Michigan

    Democratic presidential candidate Kamala Harris, meanwhile, told a Michigan church congregation on Sunday that God offers America a “divine plan strong enough to heal division”.

    The two candidates offered starkly different tones with the campaign almost at an end, as Harris said voters can reject “chaos, fear and hate”.

    She concentrated on Michigan, beginning the day with a few hundred parishioners at Detroit’s Greater Emmanuel Institutional Church of God in Christ. It marked the fourth consecutive Sunday that Harris, who is Baptist, has spoken to a Black congregation, reflecting how critical Black voters are across multiple battleground states.

    “I see faith in action in remarkable ways,” she said in remarks that quoted the Old Testament prophet Jeremiah. “I see a nation determined to turn the page on hate and division and chart a new way forward. As I travel, I see Americans from so-called red states and so-called blue states who are ready to bend the arc of history toward justice.”

    She never mentioned Trump, though she’s certain to return to her more conventional partisan speech in stops later Sunday. But Harris did tell her friendly audience that “there are those who seek to deepen division, sow hate, spread fear and cause chaos.”

    The election and “this moment in our nation,” she continued, “has to be about so much more than partisan politics. It must be about the good work we can do together.”

    After her Detroit appearance, Harris was due to head to East Lansing, Michigan, a college town in an industrial state that is viewed as a must-win for the Democrat.

    Trump was due to speak in Kinston, North Carolina, before ending his day with an evening rally in Macon, Georgia.

    Of the seven US states seen as competitive, Georgia and North Carolina are the second-biggest prizes up for grabs on Tuesday, with each holding 16 of the 270 votes a candidate needs to win in the state-by-state Electoral College to secure the presidency. Pennsylvania is first with 19 electors.