Trump Media COO quits; DJT turns over more shares to SPAC investor in court fight

A smartphone displays the logo of Donald Trump’s Truth Social app on March 25, 2024.

Anna Barclay | Getty Images

Trump Media Chief Operating Officer Andrew Northwall resigned in late September, the company revealed in a regulatory filing Thursday.

Former President Donald Trump’s social media company announced in the same filing that it will release nearly 800,000 shares of its stock to an early investor, in accordance with a recent order by a Delaware judge.

At Thursday’s closing price, those shares would be worth around $12.7 million.

The company, which trades on the Nasdaq as DJT, provided no explanation for Northwall’s resignation, but said it “plans to transition his duties internally.”

The filing with the U.S. Securities and Exchange Commission made no direct connection between the development in the Delaware lawsuit and the executive’s departure.

This is breaking news. Please refresh for updates.

Source

Politics

Trump taps CFPB director nominee Jonathan McKernan for Treasury post

May 9, 2025

Jonathan McKernan testifies during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 27, 2025. Annabelle Gordon | Reuters President Donald Trump plans to nominate Jonathan McKernan to be undersecretary of domestic finance at the Treasury Department, months after the president tapped McKernan to lead the […]

Politics

Trump administration ‘looking at’ suspending habeas corpus, Stephen Miller says

May 9, 2025

White House deputy chief of staff for policy Stephen Miller speaks to the media outside the White House in Washington, D.C., U.S., May 9, 2025. Kent Nishimura | Reuters White House deputy chief of staff for policy Stephen Miller said Friday that the Trump administration is “actively looking at” suspending the writ of habeas corpus, […]

Politics

Newark mayor arrested for alleged trespass at New Jersey ICE detention facility

May 9, 2025

Mayor Ras Baraka of Newark speaks to the press near ICE agents at a demonstration outside an immigrant detention centre in Elizabeth, New Jersey May 7, 2025. Timothy A. Clary | AFP | Getty Images Newark Mayor Ras Baraka was arrested Friday for allegedly trespassing inside a U.S. Immigration and Customs Enforcement detention center in […]