Trump

Uncategorized

The Demise of Net Neutrality Under Trump’s Reign

If Trump wins, net neutrality is dead for one of several reasons. A second Trump presidency, whatever its likelihood or one’s opinion on his other policies, would be fatal to net neutrality efforts. Companies that oppose regulations like the FCC’s net neutrality plans often call for federal legislation on the topic. A third threat to net neutrality comes from the Supreme Court, which is performing quite a bit of conservative wish-fulfillment lately. Net neutrality rules being moot due to the FCC being inoperable would be the least of our worries if that occurs, though.

Zara Khan
April 4, 2024

Uncategorized

A Case for Net Neutrality: How Restoring It Can Promote Online Freedom of Speech, According to the FCC under President Biden

FCC Chairwoman Jessica Rosenworcel on Wednesday announced plans to vote on rules restoring net neutrality. The vote, set for April 25, would reinstate 2015 internet rules adopted under President Obama that were subsequently repealed by President Trump’s FCC two years later. The official added that ongoing national security threats have further highlighted the need for strong oversight. Net neutrality has the rare chance to receive widespread bipartisan support. Should Trump be reelected in November, how can current officials ensure we don’t live through this all over again?

Zara Khan
April 3, 2024

Enterprise, Fintech, Media & Entertainment, Startups, Venture

How Trump’s Revolutionary Digital Venture Sets Itself Apart from Fellow Struggling Startups

Former president Donald Trump’s digital media company is losing money, and lots of it. But why is that any different from other “startups,” which often struggle to post a profit for years, if they ever do? Truth Social, the main business of TMTG, has failed to attract more than a few million users. Truth Social, the main business of TMTG, has failed to attract more than a few million users. By the time Trump is able to sell his shares, it’s likely this company will be worth anything like what it supposedly is today.

Kira Kim
April 1, 2024

Uncategorized

“Truth Social SPAC: Covering Trump’s Exorbitant Legal Expenses Pending Board Approval”

Donald Trump’s beleaguered SPAC deal is finally going through, and just in time to pay nearly half a billion dollars owed over several legal actions — if the board agrees to let him sell. And that’s without reckoning with the questionable success of Truth Social, the partisan social network hurriedly stood up after the former President was booted from Twitter. TMTG reportedly had a net loss of around $49 million in 2023, on revenues of under $4 million — not exactly hot numbers. There’s no doubt that many, many shareholders in the newly public TMTG will sell their shares as soon as possible. But if Trump wanted to finance his current liabilities, he’d have to sell some 12 million shares at the current price — around 15% of his total stake.

Kira Kim
March 22, 2024

Uncategorized

House Passes Bill to Potentially Ban TikTok

The House voted on Wednesday in favor of a bill to require TikTok to sever its connection with parent company ByteDance or face a ban, moving the legislation forward with surprising speed. President Joe Biden has already said that he would support the legislation, but TikTok faces an uncertain fate as the bill heads to the Senate. “Without TikTok, you can make Facebook bigger, and I consider Facebook to be an enemy of the people,” Trump said. The bill’s quick progress out of committee last week to a full House vote appears to have caught TikTok by surprise. TikTok CEO Shou Chew also headed to Capitol Hill to drum up opposition to the bill before Wednesday’s vote.