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Associated PressTrump Media and Technology Group posts more than $300 million net loss in first public quarter
Trump Media and Technology Group, the owner of former President Donald Trump's social networking site Truth Social, lost more than $300 million last quarter, according to its first earnings report as a publicly traded company. For the three-month period that ended March 31, the company posted a loss of $327.6 million, which it said included $311 million in non-cash expenses related to its merger with a company called Digital World Acquisition Corp., which was essentially a pile of cash looking for a target to merge with. It’s an example of what’s called a special purpose acquisition company, or SPAC, which can give young companies quicker and easier routes to getting their shares trading publicly.
Yahoo FinanceFDIC boss Martin Gruenberg to step down as new bank rules loom
FDIC Chair Martin Gruenberg said Monday that he is prepared to step down, a shakeup that could have implications for an aggressive campaign to impose tougher regulations on US banks.
PeopleMissing 3-Year-Old Boy Found Dead in Colorado Canal That Runs Behind His Home
Amari Galan is believed to have left a residence in Rocky Ford on foot around 4 a.m. local time on May 18, according to the Colorado Bureau of Investigation
