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Wall Street Reform
Trump Supporters Who Bought Shell Company Stock Face Millions in Losses Ahead of Liquidation Date
Elon Musk's Twitter Deal Could Gut Trump's Social Media Site
How Trump Caused Inflation
Trump Media Group CEO Devin Nunes baselessly claimed that Donald Trump urged Elon Musk to buy Twitter to “take on tech tyrants”. Musk vehemently denies that Trump had anything to do with the purchase, saying that he’s had no contact with the former President and reiterated that Trump doubled-down on only being on his Truth Social platform.
An anonymous donor has sent right-wing conspiracy theorist Alex Jones $1 million in Bitcoin after the charlatan’s businesses declared bankruptcy in April. The wallet was publicly advertised on the InfoWars website to solicit donations and just days after the massive donation was placed, Jones withdrew the $1.3 million of cryptocurrency from the wallet, and then removed the wallet from his website.
Elon Musk has become more brazen with his political tweets since he bought the company earlier this week, now tweeting out ridiculously inaccurate political spectrum memes providing cover for right wingers online. Musk has bought into the Right’s caricature of the Left, claiming that the party has been “hijacked by extremists” since the Obama administration.
With his purchase of Twitter for $44 billion, Elon Musk plans to take the social media company private in hopes of restoring “free speech” rights to all users. However, whenever money is involved, Musk isn’t as much of a free speech absolutist as he is making himself out to be.
The world’s richest man Elon Musk has reportedly bought Twitter for $43 billion to take the company private and restore our “free speech”. Although Musk wants to make Twitter more like a public-square style of social media, it will always be dangerous to consolidate a media company's power with just a single private owner instead of running it like a public utility.
Special guest Nomi Prins, a geopolitical financial expert and investigative journalist, joins TYT to talk private equity firms, the global economy, the Federal Reserve, testifying in front of Congress, and much more. Prins’s new book, Permanent Distortion, releases on October 11th, 2020 and is available for pre-order now.
An NFT of Twitter co-founder Jack Dorsey’s first tweet was sold for $2.9 million last March to NFT collector Sina Estavi. Estavi recently put the NFT up for auction last week, and as of this video, the highest bid is at $3,600 as the NFT market has seen a 50% decrease in sale prices.
Crypto lobbies and lobbyists are gaining ground in their fight to profit from bills drafted with state legislators to keep the cryptocurrency market free of regulation, leading to an increase in profits for crypto executives and lobbyists. Florida is the most recent state to adopt crypto-friendly legislation as state recently signed a law that would make it much easier to trade and hold cryptocurrencies in the state in an attempt to draw investment into the industry in Florida.
With his massive purchase of almost 10% of Twitter, Elon Musk made an extra $156 million for failing to report his purchase for 11 days. By law, investors must notify the SEC whenever they surpass the 5% stake threshold and continued to buy stocks at a discounted value before publicly announcing the purchase and inflating the stock’s price.
A group of gas stations are joining together to file a lawsuit against another gas station that has kept their prices considerably lower than the other stations, citing a Wisconsin law about fair business competition.
International fugitive financier Jho Low, who stole billions from the Malaysian state’s 1MBD public investing fund, lived an extravagant lifestyle before he had to go into hiding. It was so extravagant that he paid multiple celebrities millions of dollars just to hang out with him and frequented Las Vegas casinos, even losing almost $2 million in a 90-minute baccarat spree.
The two leading prosecutors of the investigation into Donald Trump and his business history have abruptly resigned from the case, throwing the Manhattan DA’s investigation into doubt just as it was gaining traction. Carey R. Dunne and Mark F. Pomerantz resigned after new Manhattan DA Alvin Bragg expressed doubt about moving forward with the investigation according to the New York Times.
Schumer Let Eviction Ban Lapse as His Former Aide Oversaw Lobbying for Blackstone
Journalist Ryan Grim noticed a peculiar and alarming trend happening on Instagram: the platform is flagging posts that blame inflation on corporate greed as “missing context” according to fact-checkers. Instagram is labeling these posts as misleading in the same way that misinformation about the coronavirus pandemic has been flagged.
The Trump Org.’s trusted accounting firm Mazars USA has cut ties with the family amid mounting pressure from New York Attorney General Letitia James. James alleges that the family company has participated in some form of financial fraud for decades, including bank and tax fraud.
Couple Ilya Lichtenstein and his wife Heather Morgan have been charged for planning to launder $3.6 billion in stolen Bitcoin from the hacking of cryptocurrency exchange Bitfinex in 2016. As it turns out, Heather has an amateur rap career under the alias RAZZLEKHAN, and it’s just as terrible as you’d expect.
Melania Trump's NFT auction didn't go as planed as the $170,000 collection was bought at auction by the same company that put the collection up for auction.
Cryptocurrency-real estate mashup company Realux engaged in the classic "rug pull" scam after real estate investors bought loads of tokens that represent the value of owned properties. As soon as the company launched, they immediately vanished, taking the investors cash and crypto payments and leaving investors with useless RLX tokens.
A website named HitPiece has been selling NFTs based on song recordings from famous music artists. A slight problem has arisen with this plot as the website reportedly has no authority to use their songs to mint NFTs.
Martin Shkreli, former CEO of Vyera Pharmaceuticals, has been ordered by a court to return almost $65 million in profits that he and his company made from monopolizing the market for the lifesaving drug Daraprim. The anti-parasite drug is used to prevent and treat parasitic infections from the Toxoplasma gondii parasite as well as malaria, and Shkreli played a pivotal role in leading the company's fight against generic competitors while he was in prison.
Cryptocurrency investors were reeling after popular currencies Bitcoin and Ether plunged to 8-month lows, wiping around $130 BILLION from the market. At this point, both currencies are around "45% and 49% off their respective all-time highs."
The Trump family has been called to testify, under oath, about the possible, and probable, fraudulent activities of the Trump Organization. New York State attorney general Letitia Jones has accused the family business of misrepresenting the values of multiple assets, many of them being property values.
Senator Elizabeth Warren did not hold back when questioning Fed Chair Jerome Powell about how corporate profits and big businesses and driving up inflation. Powell begrudgingly admitted that concentrated corporate power could lead to price gouging, thus driving up inflation.
Cryptocurrency millionaires and investors are flocking to the U.S. territory of Puerto Rico in order to dodge capital gains taxes.
An NFT investor and collector recently lost his $2.2 million collection of precious digital apes after being hacked by clicking a phishing link. Todd Kramer tweeted that he had been hacked on December 29th after he noticed that one of his Bored Ape Yacht Club NFTs sold online.
Business is booming on Wall Street as brokers, bankers, and traders are set to receive record-breaking performance bonuses from their firms.
Progressives fight back in a legislative standoff with Nancy Pelosi.
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