71-563: Trump Media & Technology Group Corp. ( TMTG ) is an American media and technology company headquartered in Sarasota, Florida . It runs the Truth Social social-media platform and is primarily owned by U.S. president-elect Donald Trump . Founded by Andy Litinsky and Wes Moss in 2021, it went public on March 26, 2024, after merging with Digital World Acquisition Corp. (DWAC), a special-purpose acquisition company (SPAC). President Trump
142-520: A commission–manager form of government. There are a total of five city commissioners: two that are elected "at large" and three from single-member districts. The mayor and vice mayor are selected from the five city commissioners. Mayors of Sarasota, Florida include: Sarasota has many musical, dance, theatre, circus and other performing arts venues, including the Sarasota Ballet , Sarasota Opera , Asolo Repertory Theatre , Florida Studio Theatre ,
213-460: A special-purpose acquisition company , began trading on the Nasdaq after its IPO of 25 million shares. DWAC was created with the help of ARC Capital, a Shanghai -based firm known for listing Chinese companies on American stock markets and which had been an under SEC investigation for misrepresenting shell corporations. The DWAC-Trump venture was linked to China Yunhong Holdings until December 2021, when
284-670: A $ 73 million loss. Corrected reports showed a net loss of almost $ 23 million in the first half of 2023 and a total loss of $ 31.6 million since launch. On March 22, 2024, DWAC shareholders approved the merger with TMTG, which was completed on March 25, 2024. The combined company began trading under the symbol DJT and finished the day with an $ 8 billion valuation. In regulatory filings, Lighthizer and McMahon are listed as independent directors . An April 1, 2024, SEC filing revealed that TMTG lost over $ 58 million in 2023 with only $ 4 million in advertising revenue from Truth Social . Following criticisms about its auditor, BF Borgers , TMTG fired
355-516: A Russian oligarch. In July they settled fraud charges brought by the SEC for misleading investors and the SEC and they agreed to pay an $ 18 million fine upon closing the merger. A November 2023 DWAC financial disclosure expressed substantial doubt about TMTG's ability to meet its financial obligations, showing a $ 31.5 million loss since inception. On November 21, 2023, TMTG filed a lawsuit seeking $ 1.5 billion in damages from 20 media outlets for falsely reporting
426-406: A bachelor's degree or higher. In 2020, the median household income was $ 56,093 with a per capita income of $ 43,387. 15.6% of the population lived below the poverty threshold . As of the 2010 United States census , there were 51,917 people, 22,775 households, and 11,603 families residing in the city. Sarasota municipal government was incorporated in 1913, changing from a town type to adopting
497-457: A census and birth registration, an area PTA, and a Red Cross Auxiliary. The Sarasota Woman's Club relocated in 1976 and the building became slated for demolition. Marian McKenna, a patron, and supporter of the arts, did not want to see the building and her memories destroyed. She purchased the building and later sold it to Florida Studio Theatre. In 1985, the Sarasota Woman's Club building
568-545: A county government office building. The adjacent courthouse that he donated to the new county in 1921 has been listed on the National Register of Historic Places . The courthouse complex was designed by Dwight James Baum . Independent director An independent director (also sometimes known as an outside director ) is a member of a board of directors who does not have a material or pecuniary relationship with company or related persons, except sitting fees. In
639-582: A crime drama starring Denzel Washington and Eva Mendes used the Blackburn Point Bridge , Boca Grande and Cortez . In 2013, Taylor Hackford 's action movie Parker , with Jason Statham , Jennifer Lopez , Nick Nolte had scenes filmed at Ca' d'Zan in Sarasota. In June 2017, director Kevin Smith shot his 2022 film, KillRoy Was Here , in Sarasota. Sarasota is home to Mote Marine Laboratory ,
710-566: A director with Paxum Bank. The $ 8 million loan was structured to automatically convert into TMTG common equity upon merging with the SPAC—meaning ES Family Trust will gain a stake in TMTG if the merger proceeds—though this was not disclosed to the SPAC investors nor the SEC. The federal probe into investors of DWAC, according to The Washington Post , discovered that a wealthy investor in
781-724: A marine rescue, research facility, an aquarium, the Marie Selby Botanical Gardens , the Sarasota Jungle Gardens and the Big Cat Habitat & Gulf Coast Sanctuary. Since 1998, the city has hosted the Sarasota Film Festival annually. The festival attracts independent films from around the world. It claims to be one of Florida's largest film festivals. In 2009 the annual Ringling International Arts Festival , held its premier and held its closing event in
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#1732898286686852-665: A market strategist at Renaissance Capital , said a Musk-owned Twitter would undercut the rationale behind Truth Social's existence. The Sarasota Herald-Tribune reported in July 2022 that according to Florida state records, Trump left as chairman of TMTG less than a month before the company received subpoenas from the SEC and the New York grand jury, concurrent with the DWAC subpoenas. His son Donald Trump Jr. and former Trump administration official Kash Patel were among others who simultaneously left
923-488: A publicly traded company and that they would create a social media company to rival Twitter. DWAC proceeded to raise hundreds of millions of dollars; reporters questioned the ethics and legality surrounding their financial backers and their history with the Securities and Exchange Commission (SEC). There was concern that they may have violated securities law by fundraising off the proposed merger before being officially listed on
994-451: A report indicating that it had shorted 12 million shares of TMTG. Four days later, it amended the filing to 1,200 shares and apologized for its "filing error," which spurred conspiracy theories . As of the close of business on September 23, 2024, the stock's share price had fallen to $ 12.15, some 84 percent below its March high of $ 79.38. However, over the following month, it recovered much of this loss. On November 5 ( Election Day ), trading
1065-702: A small town just South of Sarasota. The name Sarasota Chalk Festival remains the same. It is also home to the Fabulous Arts Foundation, formerly the Harvey Milk Festival, an independent music festival in support of civil rights , focusing on the LGBTQ community. It has been celebrated in May annually since 2010 on the weekend closest to Harvey Milk 's birthday. It is currently the largest independent music festival in Sarasota , with thousands of attendees throughout
1136-526: A theater that could be adapted for either vaudeville performances or movie screenings. Renowned stripper Sally Rand did her bubble bath and fan dance here. Tommy Dorsey , Will Rogers and Elvis Presley each performed at the Edward Theatre. It is now the Sarasota Opera House . It remains at the intersection of Pineapple Avenue and Second Street, having been restored and used for performances by
1207-686: Is a city in and the county seat of Sarasota County, Florida , United States. It is located in Southwest Florida , the southern end of the Greater Tampa Bay Area , and north of Fort Myers and Punta Gorda. Its official limits include Sarasota Bay and several barrier islands between the bay and the Gulf of Mexico . Sarasota is a principal city of the North Port- Bradenton- Sarasota, FL Metropolitan Statistical Area . According to
1278-591: Is disputed, with some claiming that it is based on conquistador Hernando de Soto's daughter Sara, and others claiming that it comes from "sara-de-cota," meaning "an area of land easily observed" in the language of the Calusa indigenous tribe. Around 1883 to 1885, The Florida Mortgage and Investment Company of Edinburgh bought 60,000 acres for development in what is now Sarasota. Many Scottish people began to arrive in Sarasota in December 1885. The municipal government of Sarasota
1349-554: Is drafted taking into consideration the noteworthy inputs and contribution that an Independent Director can bring in to the business. Section 149(6) of the act stipulates the criteria for a candidate that ensures highest standards of integrity, while also preventing any conflict of interest. The provisions seek to ensure the autonomy of the appointee to facilitate effective discharge of duties such as upholding shareholders' interest, upholding corporate governance standards, among others. The compensation offered to such Independent Directors in
1420-632: Is located in Sarasota. The Circus Ring of Fame is a series of commemorative plaques in St. Armand's Circle , honoring prominent figures in circus history, similar to the Hollywood Walk of Fame . Honorees include Paul Binder , Nik Wallenda , and the King Charles Troupe , among over 150 others. Residents of Sarasota that have been associated with the circus include daredevil and Guinness World Record holder Bello Nock , himself an honoree of
1491-664: Is one of the largest and most active jazz clubs in the United States and has promoted jazz events in Sarasota for 39 years. Elvis Presley , Tommy Dorsey and Gregg Allman each played concerts in Sarasota. Joe Perry of Aerosmith , Brian Johnson of AC/DC , Dickey Betts of the Allman Brothers Band , Donald Dunn of the Blues Brothers and Graeme Edge of the Moody Blues have all settled in Sarasota. Sarasota and
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#17328982866861562-452: Is water. The Gulf Intracoastal Waterway is the name given to the many natural deep water sections as well as humanmade channels, canals, and cuts that link the entire Sarasota Bay system. As of the 2020 United States census , there were 54,842 people, 25,209 households, and 12,474 families residing in the city. Of that population in 2020, 3.9% were under 5 years old, 14.6% were under 18 years old, and 28.0% were 65 years and older. 52.5% of
1633-506: The 2020 U.S. census , Sarasota had a population of 54,842, up from 51,917 at the 2010 census. The Sarasota city limits contain several islands, called keys, including Lido Key , St. Armands Key , Otter Key, Coon Key, Bird Key , and the northern portion of Siesta Key as well as Bay Island. Longboat Key is the largest key separating Sarasota Bay from the Gulf of Mexico but is a separate municipality. The city limits expanded significantly with
1704-508: The Bauhaus and Frank Lloyd Wright 's "organic" architecture. The style developed as an adaptation to the area's sub-tropical climate and used newly emerging materials that were manufactured or implemented following World War II. By the end of the twentieth century, many of Sarasota's more modest historical structures were demolished. Recently, two historic buildings, the Crocker Church and
1775-655: The Circus Museum and the Tibbals Learning Center , established in 1948. Sarasota is also home to The Circus Arts Conservatory, which is responsible for the tent show Circus Sarasota and the "oldest youth circus", Sailor Circus. In 2017, The Circus Arts Conservatory took part in the Smithsonian Folk Festival. The Showfolks Club, a social organization that also puts on an annual circus performance billed as "Sarasota’s longest running circus event",
1846-629: The Sarasota Herald-Tribute in July, which TMTG initially denied. In November 2022, the DWAC postponed a vote to complete its merger with TMTG for the 6th time after failing to get the necessary shareholder support. They would extend it again in September 2023, days before it expired. Throughout 2023, TMTG faced financial and legal difficulties. In March it was reported that New York investigators were looking into whether TMTG had violated anti-money laundering laws by accepting $ 8 million connected to
1917-615: The Sarasota Opera and others. It is listed on the National Register of Historic Places . In the early 1950s, the John and Mable Ringling Museum of Art purchased a historic Italian theater, the "Asolo" (now called the Historic Asolo Theater). This theatre was originally built for Queen Caterina of Cyprus' palace in Asolo, Italy in 1798 but was dismantled in 1931. A. Everett "Chick" Austin,
1988-525: The "Going Vertical" project, and although it sometimes coincides with the chalk festival, it is distinct from it and often continues throughout the year. Except for a few commissioned on public property in the Palm Avenue Parking Garage, the murals are on private property and are in many sections of Sarasota and Manatee County. As of 2014 the Sarasota Chalk festival has relocated to Venice, FL,
2059-621: The Bidwell-Wood House (the oldest remaining structure in the city), first restored by Veronica Morgan and members of the Sarasota Alliance for Historic Preservation that she founded, became city property. These structures were relocated to this park, despite protests from residents who objected to the loss of park area. In the late 1970s, Sarasota County purchased the Terrace Hotel that Charles Ringling built and renovated it for use as
2130-724: The Circus Ring of Fame, as well as aerialist and circus proprietor Dolly Jacobs , who cofounded The Circus Arts Conservatory. In 1952, Cecil B. DeMille filmed and premiered The Greatest Show on Earth (with James Stewart , Charlton Heston , Betty Hutton ) in Sarasota. In 1998, two studio films were filmed in Sarasota: Alfonso Cuaron 's Great Expectations , with Ethan Hawke , Gwyneth Paltrow , Hank Azaria , Anne Bancroft and Robert De Niro ; and Volker Schlondorff 's Palmetto , starring Woody Harrelson , Elisabeth Shue , and Gina Gershon . Out of Time (2003),
2201-635: The Cultural Coast are home to fine art, film-making, circus history and performance, and decorative arts. The Sarasota Art Museum and the Ringling Museum are both in Sarasota. One of Sarasota's nicknames is "Circus City", or alternatively "The Circus Capital of the World", owing in part to John Ringling's decision to move the winter quarters of Ringling Bros. and Barnum & Bailey Circus to Sarasota in 1927. The John and Mable Ringling Museum of Art houses
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2272-592: The DWAC for trying to strip them of their shares. In March 2024, DWAC and Trump sued DWAC's former chief executive Patrick Orlando and his firm Arc Global Investments II for extortion and causing DWAC and Trump reputational harm. Orlando and Arc counter-sued DWAC and Trump for miscalculating Arc's stake in TMTG by 2 million shares. On March 24, Trump sued Litinsky and Moss for forfeiture of their stock, saying they mishandled and attempted to block attempts to take TMTG public for nearly two years. Sarasota, Florida Sarasota ( / ˌ s ær ə ˈ s oʊ t ə / )
2343-552: The Palm Tree Playhouse in 1951. The Playhouse closed again in the 1960s. In the mid-1970s, Asolo Theatre purchased the space for production purposes and their Stage Two Theatre program. It was subsequently sold to Anita Katzman and reoccupied by Siesta Key Actors Theatre and Theatre Works in the 1980s. The building was acquired by Florida Studio Theatre and renamed the Gompertz Theatre in honor of Mrs. Leila Gompertz, who made
2414-592: The Players Centre for Performing Arts, Westcoast Black Theatre Troupe, Urbanite Theatre, Sarasota Contemporary Dance, Sarasota Orchestra, La Musica, Jazz Club of Sarasota, Sarasota Youth Opera, Circus Arts Conservatory and many others. Theatrical venues include Florida Studio Theatre , Asolo Repertory Theatre , Van Wezel Performing Arts Hall , The Players Theatre, Urbanite Theatre, and the Westcoast Black Theatre Troupe. In 1925, A. B. Edwards built
2485-500: The SPAC's communication with TMTG. The company's board includes Trump's son Donald Trump Jr. , Nunes, and former Trump administration officials Robert Lighthizer , Kash Patel , Linda McMahon , and Scott Glabe . Devin Nunes resigned from the U.S. House of Representatives in December 2021 and became the TMTG's chief executive officer in January 2022. On February 21, 2022, TMTG launched
2556-459: The Sarasota Woman's Club, is amongst the oldest surviving buildings in Sarasota. Founded in 1903, the Sarasota Woman's Club eventually set out to create a meeting place to house social events, activities, and forums. On January 1, 1915, the cornerstone was laid at the corner of Palm Avenue and Park Street (now Cocoanut). It served as the town's first library and hosted numerous clubs and public committee gatherings. The Woman's Club also maintained
2627-729: The TMTG board of directors. Truth Social denied the report. Axios later published records filed by TMTG's agent with the Florida Division of Corporations; an April 28 filing showed Trump and others listed as "director," while a June 8 filing to change "person, title or capacity" directed the Division to "remove" Trump and others. The Guardian reported in March 2023 that in 2022 the SDNY expanded its criminal investigation to include whether TMTG engaged in money laundering . Beginning in December 2021, when
2698-522: The United States of America. Celebrating the sixteenth-century performance art of Italian street painting, the festival hosted Maestro Madonnaro Edgar Mueller from Germany, who created the first street painting that changed images from day to night. The festival has a different theme each year and has introduced new techniques in street art. Other applications of street art such as murals and "cellograff graffiti" have become companion events also produced by Avenida de Colores, Inc. The murals are part of
2769-489: The United States, independent outsiders make up 66% of all boards and 72% of S&P 500 company boards, according to The Wall Street Journal . The NYSE and NASDAQ stock exchange standards for independent directors are similar. Both require that "a majority of the board of directors of a listed company be 'independent,'" Both allow compensation for directors of $ 120,000/year or less (as of August 2008). The NYSE states: "no director qualifies as 'independent' unless
2840-409: The airport, fire departments, property and ad valorem taxes, voting, the health department, extension services, stormwater control, mosquito control, the courts, and the jail. The municipal government of Sarasota was established when it was incorporated as a town on October 14, 1902. Sarasota was then reincorporated as a city on May 13, 1913. Since its incorporation, Sarasota has been governed by
2911-414: The board of directors affirmatively determines that the director has 'no material relationship' with the listed company, either directly or as a partner, shareholder or officer of an organization that has a relationship with the company." Nasdaq's rules say that an independent director must not be an officer or employee of the company or its subsidiaries or any other individual having a relationship that, in
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2982-448: The ceremonial positions of "mayor" and "vice-mayor", as chosen by the commission every April. Two at-large commissioners are elected by all voters and the city is divided into three districts for which the residents of each elect one district representative to the five member commission. Many aspects of the city are overseen by the county government ranging from the schools, the libraries, the bay, major waterways, county-designated roads,
3053-465: The city type of local government found in the United States and the title of its government changed to "City of Sarasota". Sarasota later was designated as the county seat when Sarasota County was carved out of Manatee County in 1921 during the creation of several new counties . In 1945 the commission-manager government form was adopted for the city and it is governed by a five-person commission elected by popular vote, two members of which serve in
3124-788: The company was allegedly connected to attempts to allegedly move assets from Russia, Ukraine, and China into the Caribbean, and other intermediaries such as Hong Kong, the United Kingdom and Belize. According to a government transcript, an informant referenced the process as "the full Singapore with a double dip, as we call it, with having the U.K. thrown in there, just to give it that added cleanliness and polishing off". In June 2023, U.S. prosecutors charged three Florida men for alleged insider trading allegedly related to DWAC (Digital World Acquisition Corp.) as part of Trump's social media merger deal in 2021. In February 2024, United Atlantic Ventures (UAV),
3195-511: The company was in danger of collapsing because its merger with DWAC had been delayed, it received a loan in two payments totaling $ 8 million. This included $ 2 million from Paxum Bank, which is part-owned by Anton Postolnikov, a relation of Aleksandr Smirnov, a former Russian government official who now runs the Russian maritime company Rosmorport . Another $ 6 million was paid by an ostensibly separate entity, ES Family Trust, which shared
3266-471: The country and worldwide. The Festival has become a destination event, drawing thousands across Florida and beyond. Past performers have come from as far as Mexico, Canada, Spain, France, and the United Kingdom to perform on Florida's Gulf Coast. In 2010, the Sarasota Chalk Festival that is held yearly in the historic area of Burns Square became the first international street painting festival in
3337-673: The directors." The Companies Act, 2013 , most sections of which got implemented from 1 April 2014, has mandated all listed public companies to have at least one-third of the total Directors to be independent. Whereas in the case of unlisted public companies, the following class of companies shall have at least two directors as independent directors: (i) Public Companies having paid up share capital of Ten Crore rupees or more; or (ii) Public Companies having turnover of One Hundred Crore rupees or more; or (iii) Public Companies which have, in aggregate, outstanding loans, debentures and deposits exceeding 50 Crore rupees or more. The Companies Act, 2013
3408-533: The firm on May 6, 2024, due to regulatory requirements. In May 2024, the company reported a net loss of $ 327.6 million for the first quarter of 2024 with $ 770,500 in revenue. In July 2024, TMTG joined the Russell 1000 and Russell 3000 indexes and raised $ 105 million through the cash exercise of its warrants . On July 12, 2024, one day before the assassination attempt on Donald Trump , Austin Private Wealth filed
3479-677: The form of "sitting fee" has also been increased from Rs. 20,000 (prescribed by Companies Act, 1956) to a maximum of Rs. 1,00,000/- per meeting. The requirements in Kenya are similar to those in India. (These are to be found in the Companies Act, Cap 486 Laws of Kenya).<George Kinyua, LL.B> Some researchers have complained that firms have appointed "independent directors who are overly sympathetic to management, while still technically independent according to regulatory definitions." One complaint against
3550-548: The free, public, multi-day event that also includes gallery showings, film, and other live performances. A large number of homes and buildings are designed in the Italian style. Italian architecture and culture are present in the area including at the John and Mable Ringling Museum of Art. Ringling's home, Cà d'Zan , was mostly modeled on the Venetian. Examples of those more typically seen in
3621-475: The historic Asolo theater, which had been moved and rebuilt again. The historic Venetian theater now is housed in the reception building for the museum where it is used for special events as well as performances, informative purposes, and another seasonal film series hosted by the museum. Florida Studio Theatre produces the annual Sarasota Improv Festival. Founded in 2009 by Rebecca Hopkins, FST's annual Sarasota Improv Festival brings together improvisers from across
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#17328982866863692-466: The independence regulations is that CEOs may find loopholes to influence directors. While the NYSE has a $ 1 million limit on business dealing between directors and the firm, this does not include charitable contributions. Two critics of management influence over boards note that "a director who is an officer or employee of a charitable organization can still be considered independent even if the firm on whose board
3763-427: The lead banker promised to sever ties with China and dissolve Yunhong. In February 2022, Reuters reported that the connection between Shanghai-based ARC Capital and Digital World was more extensive than thought, with ARC having offered money to get the SPAC off the ground. In October 2021, Trump announced that he had created TMTG through a SPAC merger with DWAC that they had entered into a merger agreement to make TMTG
3834-631: The lead gift enabling the purchase. Sarasota is the home of the Sarasota Orchestra , which was founded by Ruth Cotton Butler in 1949 and known for years as the Florida West Coast Symphony . It holds a three-week Sarasota Music Festival that is recognized internationally and boasts it attracts renowned teachers and the finest students of chamber music. Sarasota also boasts a symphonic chorus, Key Chorale, and professional vocal ensemble, Choral Artists of Sarasota. The Jazz Club of Sarasota
3905-412: The listing agreements defines independent directors as follows: "For the purpose of this clause the expression 'independent directors' means directors who apart from receiving director's remuneration, do not have any other material pecuniary relationship or transactions with the company, its promoters, its management or its subsidiaries, which in judgment of the board may affect independence of judgment of
3976-635: The museum's first director, arranged the purchase and reassembly of the theater for performances of plays and opera. In the 1960s philanthropists Lewis and Eugenia Van Wezel enabled the city to build a performing arts hall on the bayfront. The auditorium, the Van Wezel Performing Arts Hall , was designed by Frank Lloyd Wright 's successor firm, Taliesin Associated Architects team under the direction of William Wesley Peters . Wright's widow, Olgivanna Lloyd Wright , who participated in
4047-642: The opinion of the company's board of directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director. According to the Conference Board, "other than delisting a company ... there really is no penalty" by the stock exchanges or the SEC for not having enough independent directors. In India as of 2017, a majority of the minimum three directors of public companies having share capital in excess of Rs. 100 million (Rs 100,000,000) should be independent. Clause 49 of
4118-471: The partnership of TMTG co-founders Andy Litinsky and Wes Moss, sued TMTG for attempting to dilute their ownership stake by increasing the authorized stock from 120 million to 1 billion shares, thus lowering the value of UAV's shares from 8.6 percent to less than 1 percent. The lawsuit mentions that Trump attempted to pressure Litinsky into giving his shares to Melania Trump and then, when he refused, tried to oust Litinsky. The next day, Arc Capital sued
4189-425: The population were female persons. As of 2020, 4,056 veterans lived in the city and 16.7% of the population were foreign born persons. In 2020, the median gross rent was $ 1,177. 92.5% of the households had a computer and 84.2% of the households had a broadband internet subscription. In 2020, 90.0% of the population over 25 years had completed a high school education, and 37.2% of the population over 25 years had
4260-557: The project, selected its purple color. In 1989, Stuart Barger, a local architect, designed and oversaw the construction of another Asolo Theater, housed in the Florida State University Center for the Performing Arts . It is a multi-theater complex, located farther east on the John and Mable Ringling Museum of Art property, being placed between Bay Shore Road and Tamiami Trail, and facing south toward Ringling Plaza. It
4331-457: The real estate rush of the early twentieth century, reaching almost 70 square miles (180 km ). The speculation boom began to crash in 1926 and the city limits began to contract, shrinking to less than a quarter of that area. The area known today as Sarasota appeared on a sheepskin Spanish map from 1763 with the word Zarazote over present-day Sarasota and Bradenton . The origin of the name
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#17328982866864402-530: The same style are the residences of Edith Ringling and of Hester Ringling Lancaster Sanford, that also are among the structures in the Caples–Ringling Estates Historic District . Italian inspired statues are also common and the copy of Michelangelo's David at the museum is used as the symbol of Sarasota. The Sarasota School of Architecture developed as a variant of mid-century modernist architecture. It incorporates elements of both
4473-511: The social network Truth Social. By April 2023, Trump reported earning less than $ 201 from TMTG. On June 8, 2022, Trump and five others, including Trump Jr., Patel and Glabe left TMTG's board before the SEC and the Manhattan grand jury investigating Trump's business practices issued subpoenas. The grand jury issued subpoenas to the DWAC on June 27 and, along with the SEC, to TMTG on July 1. The board departures were kept secret until they were revealed by
4544-409: The stock market. In December 2021, TMTG raised $ 1 billion in private investment in public equity (PIPE) funding and entered into a technology and cloud services agreement with Rumble, which would operate part of Truth Social and TMTG+, a planned subscription-based streaming service . At the same time, they revealed that the SEC and Financial Industry Regulatory Authority (FINRA) had begun investigation
4615-415: The summer regularly push the heat index over 100 °F (38 °C). There are distinct rainy and dry seasons, with the rainy season lasting from March to November and the dry season from December to February. According to the U.S. Census Bureau , the city has a total area of 24.08 square miles (62.4 km ), of which 14.70 sq mi (38.07 km ) is land and 9.39 sq mi (24.3 km )
4686-604: Was added to the National Register of Historic Places. After completing more renovations to the historic building in 2003, the theatre was renamed the Keating Theatre in honor of Ed and Elaine Keating, and in 2004, additional lobby space was built in the theatre - the Bea Friedman Room. FST's Keating Theatre now seats 173 and remains a cultural center of Sarasota. In 2003, FST purchased the Gompertz Theatre. The building
4757-645: Was banned from Twitter on January 8, 2021, in response to his role in the January 6 United States Capitol attack . In May, the now-former president unveiled a website, "From the Desk of Donald J. Trump", which he said he would use to spread his thoughts; it was shut down within a month. Meanwhile, the Trump Media & Technology Group was incorporated in February 2021, and on September 3, 2021, Digital World Acquisition Corp. (DWAC),
4828-439: Was built around a rococo , historic Scottish theater previously called the Dunfermline Opera House , which had been shipped to Florida. The complex provides venues and facilities for students of Florida State University 's MFA Acting program, the FSU/Asolo Conservatory for Actor Training . This was the administrative home of the Sarasota French Film Festival for several years. Florida Studio Theatre 's Keating Theatre, formerly
4899-414: Was established when it was incorporated as a town on October 14, 1902. John Hamilton Gillespie was the first Mayor of the town government. When reincorporated with a city form of government on May 13, 1913, A. B. Edwards became the first mayor of the city government. Sarasota has a humid subtropical climate with hot, humid summers and cooler, milder winters. The high temperatures and high humidity in
4970-682: Was halted twice for volatility. On February 21, 2022, TMTG released Truth Social, a competitor to social-media platforms such as Twitter , on iOS . Truth Social had trouble hiring due to its political associations. In early April 2022, Reuters reported that the company's head of technology and head of product development had resigned after the network's "troubled" launch. On April 22, 2022, Rumble announced that Truth Social had migrated its website and mobile applications to Rumble's cloud infrastructure. In late April 2022, holding company DWAC lost 44% of its stock value after Elon Musk disclosed his large stake in and intent to buy out Twitter . Matthew Kennedy,
5041-423: Was originally the Park-Seventh Movie House in the 1920s. Due to the Depression, the movie house shut its doors and became an empty venue. During its predominantly vacant period in the 1940s, the theatre hosted a variety of roadshows and performers, including Tom Mix and his Wonder Horse and the All Girls' Orchestra. During this time it was known as the Garden Theater, and later the Art Theater, before becoming known as
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