Former president Donald Trump is set to retain ownership of his new social media platform, Truth Social, even if he runs for president again in 2024 or is convicted of crimes.
Reuters reported Tuesday that according to new regulatory filings, Trump is "tightening his grip" on Truth Social. The filings list Trump as the "company principal," but do not disclose the size of his stake.
Truth Social will be created by a new company through the merger of the Trump Media and Technology Group (TMTG) and Digital World Acquisition Corp.
"However, the former president is set to keep his ownership in TMTG, even if the company faces a 'material disruptive event' — the latest filings include a clause that is designed to shield his stake," Reuters reported.
According to the regulatory filing, "In order to maximize business continuity and to minimize, mitigate, or eliminate any negative impacts on the Company from a Material Disruptive Event, the Company Principal's ownership and position in the Company shall be structured in such a way as to eliminate the need for restructuring of ownership or changes in position were a Material Disruptive Event to occur."
Reuters notes that "Trump and his business interests are the subject of numerous investigations from U.S. authorities." And Digital World Acquisition Corp. reportedly highlighted the risks of being associated with Trump in the regulatory filing.
"The Purchaser hereby acknowledges the controversial nature of being associated with the Company Principal and the Company Principal's family," the filing states.
Former President Donald Trump on Tuesday gave a hearty endorsement to embattled Brazilian President Jair Bolsonaro right as a Brazilian Senate panel recommended slapping him with criminal charges.
In a statement released on Tuesday, Trump praised the far-right Bolsonaro and said that the two men had "become great friends over the past few years."
Trump went on to say that Bolsonaro "fights hard for, and loves, the people of Brazil -- just like I do for the people of the United States."
However, minutes after Trump endorsed Bolsonaro, the Associated Press reported that a Brazilian Senate panel investigating the government's disastrous response to the novel coronavirus pandemic recommended criminal charges against the Brazilian president.
The AP writes that 11-person committee, in a seven-to-four vote, "ended its six-month investigation of the government's handling of the pandemic and calls for prosecutors to put Bolsonaro on trial for charges ranging from charlatanism and inciting crime to misuse of public funds and crimes against humanity."
See Trump's endorsement of Bolsonaro below.
Trump puts out a statement endorsing the reelection of Brazilian President Jair Bolsonaro, saying they have “become… https://t.co/L5UDNSFKeX— Andrew Solender (@Andrew Solender) 1635291440.0
A GOP gubernatorial candidate in Wisconsin is calling on Republicans to "hire mercenaries" to engage in "ballot harvesting" to win 2022 elections.
Rebecca Kleefisch, who served as lieutenant governor for eight years and is vying to unseat Democratic Gov. Tony Evers next year, made the comments on Saturday during a speech to Republicans in Door County, according to audio of her remarks obtained by the Milwaukee Journal Sentinel.
The newspaper reported that Kleefisch "said the methods she needs to use to win bother her so much she will need to wash herself with steel wool."
"If her campaign strategy works, she said she would quickly sign legislation overhauling how elections are conducted," according to Journal Sentinel.
"We execute with excellence, we will beat them at their own game. And the next morning, we all wake up, take a shower with steel wool, and then, after swearing in in January ... (the Legislature) is going to pass all these bills again, and then I'm going to sign them all. And we will never do elections like that again, but this is how we win," Kleefisch said.
"If you are recording, I don't want you to put this part online to share with Democrats, OK? It is about election strategy," she added. "What I'm about to say may feel ugly to you guys."
According to the newspaper, Kleefisch then talked about "ballot harvesting" and hiring "mercenaries."
"Ballot harvesting in Wisconsin is not technically illegal," Kleefisch said. "Democrats do it non-stop and they go hard. Republicans must go harder."
"Democrats hire mercenaries," she added. "Republicans rely on sweet little volunteers to do the exact same things. We must hire mercenaries."
The newspaper notes that Kleefisch's comments came two weeks after she declined to say whether, as governor, she would sign a bill allowing the Legislature to overrule elections officials in deciding how to case the state's Electoral College votes.
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