Crash on Daniels Parkway leaves 1 injured, FHP investigatingReckless driver arrested twice in 10 days in Fort Myers
FORT MYERS Crash on Daniels Parkway leaves 1 injured, FHP investigating The Florida Highway Patrol is investigating a crash involving two vehicles that has left at least one person injured in Fort Myers.
FORT MYERS Reckless driver arrested twice in 10 days in Fort Myers A Fort Myers man with a revoked license was arrested twice within 10 days for driving violations.
WINK Neighborhood Watch: Deadly shooter, home invasion and drug trafficking This week’s segment of WINK Neighborhood Watch features deadly shootings, home invasions and drug trafficking.
FORT MYERS Pedestrian dead after crash on McGregor Boulevard The Fort Myers Police Department is investigating a crash that left at least one person dead Saturday night.
Sunday brings sun and clouds with chance for a stray shower The Weather Authority forecasts another seasonal day across Southwest Florida, with temperatures reaching the upper 70s to low 80s this afternoon.
Family of Eagles: FGCU volleyball star graduates with Master’s Degree Saturday marked a special day for Florida Gulf Coast University as more than 1,800 students graduated. For one student-athlete, graduating from FGCU runs in the family.
lehigh acres LCSO: Man shot by car owner protecting property The Lee County Sheriff’s Office responded to a shooting in Lehigh Acres early Saturday morning.
NORTH FORT MYERS Lee County residents wait hours for D-SNAP assistance The supplemental nutrition assistance program (SNAP) is at the Lee Civic Center all weekend, ready to help southwest Florida.
SOUTHWEST FLORIDA First eaglet hatches in famous SWFL eagle nest Welcome E24! The third eaglet from the nest of M15 and F23 has hatched according to the Southwest Florida eagle camera.
Rock for Equality: SWFL non-profit hosts benefit concert for Palestine A Southwest Florida non-profit hosted a benefit concert on Friday night to help with humanitarian aid in Palestine.
Warm, breezy Saturday with a few showers possible The Weather Authority is forecasting a breezy, warm weekend in store across Southwest Florida, with the chance of a few showers, particularly on Saturday.
CAPE CORAL Active investigation underway in South Cape Coral Cape Coral police are investigating at a home on Southwest 49th Terrace in South Cape Coral early Saturday morning.
16 transported after 2 airboats crash in Collier County According to the Collier County Sheriff’s Office, two airboats crashed south of U.S. 41 east between mile markers 74 and 75, leaving well over a dozen people injured.
SOUTHWEST FLORIDA New bill filed: Auto shop and law enforcement must work together to solve hit-and-run crashes There could be new detectives on the block, located in your nearest auto shop. A new state bill aims at trying to stop hit-and-run drivers from getting away.
CAPE CORAL New leash on life; Cape Coral shelter dog beats cancer with drug being tested for humans A drug now being studied in human trials to kill cancerous tumors, is already approved and helping animals.
FORT MYERS Crash on Daniels Parkway leaves 1 injured, FHP investigating The Florida Highway Patrol is investigating a crash involving two vehicles that has left at least one person injured in Fort Myers.
FORT MYERS Reckless driver arrested twice in 10 days in Fort Myers A Fort Myers man with a revoked license was arrested twice within 10 days for driving violations.
WINK Neighborhood Watch: Deadly shooter, home invasion and drug trafficking This week’s segment of WINK Neighborhood Watch features deadly shootings, home invasions and drug trafficking.
FORT MYERS Pedestrian dead after crash on McGregor Boulevard The Fort Myers Police Department is investigating a crash that left at least one person dead Saturday night.
Sunday brings sun and clouds with chance for a stray shower The Weather Authority forecasts another seasonal day across Southwest Florida, with temperatures reaching the upper 70s to low 80s this afternoon.
Family of Eagles: FGCU volleyball star graduates with Master’s Degree Saturday marked a special day for Florida Gulf Coast University as more than 1,800 students graduated. For one student-athlete, graduating from FGCU runs in the family.
lehigh acres LCSO: Man shot by car owner protecting property The Lee County Sheriff’s Office responded to a shooting in Lehigh Acres early Saturday morning.
NORTH FORT MYERS Lee County residents wait hours for D-SNAP assistance The supplemental nutrition assistance program (SNAP) is at the Lee Civic Center all weekend, ready to help southwest Florida.
SOUTHWEST FLORIDA First eaglet hatches in famous SWFL eagle nest Welcome E24! The third eaglet from the nest of M15 and F23 has hatched according to the Southwest Florida eagle camera.
Rock for Equality: SWFL non-profit hosts benefit concert for Palestine A Southwest Florida non-profit hosted a benefit concert on Friday night to help with humanitarian aid in Palestine.
Warm, breezy Saturday with a few showers possible The Weather Authority is forecasting a breezy, warm weekend in store across Southwest Florida, with the chance of a few showers, particularly on Saturday.
CAPE CORAL Active investigation underway in South Cape Coral Cape Coral police are investigating at a home on Southwest 49th Terrace in South Cape Coral early Saturday morning.
16 transported after 2 airboats crash in Collier County According to the Collier County Sheriff’s Office, two airboats crashed south of U.S. 41 east between mile markers 74 and 75, leaving well over a dozen people injured.
SOUTHWEST FLORIDA New bill filed: Auto shop and law enforcement must work together to solve hit-and-run crashes There could be new detectives on the block, located in your nearest auto shop. A new state bill aims at trying to stop hit-and-run drivers from getting away.
CAPE CORAL New leash on life; Cape Coral shelter dog beats cancer with drug being tested for humans A drug now being studied in human trials to kill cancerous tumors, is already approved and helping animals.
The Truth Social account for former President Donald Trump is seen on a mobile device, Wednesday, March 20, 2024, in New York. (AP Photo/John Minchillo) Donald Trump is returning to the stock market, and the former president stands to reap a sizeable payout in the process. Shareholders of Digital World Acquisition Corp., a publicly traded shell company, approved a deal to merge with the Trump’s media business in a Friday vote. That means Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will soon begin trading on the Nasdaq stock market. Trump is set to own most of the combined company — or nearly 79 million shares. Multiply that by Digital World’s closing stock price Friday of $36.94, and the total value of his stake could be nearly $3 billion. The greenlight arrives at a time the presumptive Republican presidential nominee is facing his most costly legal battle to date: a $454 million judgment in a fraud lawsuit. But Trump won’t be able to cash out the deal’s windfall immediately, unless the company’s board makes changes to a “lock-up” provision that prevents company insiders from selling newly issued shares for six months. Trump’s presidential campaign did not immediately respond to request for comment. When a publicly traded shell company agrees to buy a private company, the target company takes its place on a stock exchange once the combination is approved by shareholders. If recent activity in Digital World’s stock is any indication, shareholders of Trump Media could be in for a bumpy ride. Many of Digital World’s investors are small-time investors who are either fans of Trump or trying to cash in on the mania, instead of big institutional and professional investors. Those shareholders helped the stock more than double this year in anticipation of the merger going through. But on Friday, the shares lost almost 14%. Trump’s earlier foray into the stock market didn’t end well. Trump Hotels and Casino Resorts went public in 1995 under the symbol DJT — the same symbol Trump Media will trade under. By 2004, Trump’s casino company had filed for bankruptcy protection and was delisted from the New York Stock Exchange. Ahead of Friday’s approval, Digital World’s regulatory filings listed many of the risks its investors face, as well as those of the Truth Social owner once Trump Media also goes public. One risk, the company said, is that Trump would be entitled to vote in his own interest as a controlling stockholder — which may not always be in the interests of all shareholders. Digital World also cited the high rate of failure for new social media platforms, as well as Trump Media’s expectation that it would lose money on its operations “for the foreseeable future.” Trump Media lost $49 million in the first nine months of last year, when it brought in just $3.4 million in revenue and had to pay $37.7 million in interest expenses. DWA’s shareholders also voted Friday to approve a slate of seven people, including the former president’s son, Donald Trump Jr., to hold seats on Trump Media’s board. Among the others are former Republican Rep. Devin Nunes, who would also be the company’s CEO; Robert Lighthizer, who served as Trump’s U.S. trade representative; Linda McMahon, who ran the Small Business Administration under Trump; and, Kashyap “Kash” Patel, a White House national security aide during the Trump administration. Trump Media and Digital World first announced their merger plans back in October 2021. In addition to a federal probe, the deal faced a series of lawsuits leading up to Friday’s vote. Truth Social launched in February 2022, one year after Trump was banned from major social platforms including Facebook and Twitter, the platform now known as X, following the Jan. 6 insurrection at the U.S. Capitol. He’s since been reinstated to both, but has stuck with Truth Social as a megaphone for his message. Trump promoted Truth Social in a post on the social media network Thursday evening, saying: “TRUTH SOCIAL IS MY VOICE, AND THE REAL VOICE OF AMERICA!!! MAGA2024!!!” Trump Media hasn’t so far disclosed Truth Social’s user numbers. But research firm Similarweb estimates that it had roughly 5 million active mobile and web users in February. That’s far below TikTok’s more than 2 billion and Facebook’s 3 billion — but still higher than other “alt-tech” rivals like Parler, which has been offline for nearly a year but is planning a comeback, or Gettr, which had less than 2 million visitors in February. A plunge into the public market means Trump’s social media business will soon have to disclose more details. Private companies are accountable to their owners, while public ones are accountable to the shareholders who own the company’s stock. Once public, Trump Media will be required to report its quarterly finances as well as other material news to federal regulators. In this sense, Truth Social faces some of the same problems that X has been contending with — mainstream advertisers who don’t want to be associated with hate speech and other controversial content.