159 sources·Business

Turmoil in the DOJ and Trump's $400M Loss: Legal and Financial Fallout

Recent DOJ resignations over Eric Adams' case coincide with Trump Media's hefty losses and his son's increased corporate control.

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  1. Trump wants the Supreme Court to let the firing of whistleblower agency head proceed

    The administration argues that the order reinstating Dellinger for two weeks while the judge considers the case is an unacceptable intrusion on executive power.

    Trump wants the Supreme Court to let the firing of whistleblower agency head proceed

    CNBCCNBC·1M
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    Center
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  2. Trump administration's cuts to FDA employees raises concerns

    Financial cuts to the FDA could have serious consequences for food and public safety as it could impact recalls that are delayed or not released.

    Trump administration's cuts to FDA employees raises concerns

    NewsweekNewsweek·1M
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  3. Trump administration wants Supreme Court to permit firing of whistleblower agency head

    Dellinger's firing was the latest move in Trump's sweeping effort to shrink and reshape the federal government, testing the limits of well-established civil service protections by moving to dismantle federal agencies and push out staffers.

    Trump administration wants Supreme Court to permit firing of whistleblower agency head

    CBS NewsCBS News·1M
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  4. Trump administration wants the Supreme Court to let the firing of whistleblower agency head proceed

    Dellinger’s firing was the latest move in Trump’s sweeping effort to shrink and reshape the federal government, testing the limits of well-established civil service protections by moving to dismantle federal agencies and push out staffers.

    Trump administration wants the Supreme Court to let the firing of whistleblower agency head proceed

    Associated PressAssociated Press·1M
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    Center
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  5. Over 400 DHS Employees Removed, Half of Those from FEMA

    President Donald Trump’s administration has reportedly terminated more than 400 U.S. Department of Homeland Security (DHS) employees in an ongoing purge.

    Over 400 DHS Employees Removed, Half of Those from FEMA

    Breitbart NewsBreitbart News·1M
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  6. Border czar Tom Homan insists it’s ‘responsible’ to ask feds if AOC’s webinar on evading ICE was ‘crossing the line’

    Homan underscored to CNN that if the feds had “access to the man who murdered Laken Riley in New York, he would never made it to Georgia to kill a woman,” referring to alleged Tren de Aragua gangbanger Jose Ibarra.

    Border czar Tom Homan insists it’s ‘responsible’ to ask feds if AOC’s webinar on evading ICE was ‘crossing the line’

    New York PostNew York Post·1M
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    Leans Right
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  7. Trump’s Top Economic Aide Plans Regular Talks With Fed’s Powell

    Hassett said the plan revives a practice in place during Trump’s first term and wouldn’t infringe on the Fed’s independence from political interference.

    Trump’s Top Economic Aide Plans Regular Talks With Fed’s Powell

    BloombergBloomberg·1M
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  8. Trump Openly Suggests on Social Media He’s Above the Law, Raising Alarm

    Our task is formidable, and it requires us to ground ourselves in our principles, remind ourselves of our utility, dig in and commit.

    Trump Openly Suggests on Social Media He’s Above the Law, Raising Alarm

    TruthoutTruthout·1M
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  9. Politics chat: State governors push back, Vance makes first international appearance

    The problem, Ayesha, though, in all of this, is that there has been pretty much little to no transparency about how Elon Musk is going about doing any of this.

    Politics chat: State governors push back, Vance makes first international appearance

    NPRNPR·1M
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  10. Trump vowed to champion US workers - the reality has been a relentless assault

    Trump has designated Musk, a vehemently anti-union billionaire, to launch an all-out war against the federal bureaucracy and workforce, and Trump and Musk have essentially treated the country’s 2 million-plus federal employees as if they were disposable.

    Trump vowed to champion US workers - the reality has been a relentless assault

    The GuardianThe Guardian·1M
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  11. Homan Denies Quid Pro Quo In Dropped Charges Against Mayor Adams For Rikers Access

    The charges were brought against Mayor Adams after he criticized the Biden administration’s migrant crisis, stating that the issue would “destroy New York City,” which placed more pressure on former President Joe Biden to address his relaxed border policies.

    Homan Denies Quid Pro Quo In Dropped Charges Against Mayor Adams For Rikers Access

    One America News NetworkOne America News Network·1M
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  12. Dems Frustrated, Donors Pulling Back Cash

    Unlike 2017 after Trump first won and Democrats piled on the cash to obstruct and oppose, Trump has a road peppered with far fewer billionaire speed bumps as he moves forward with his agenda at maximum speed.

    Dems Frustrated, Donors Pulling Back Cash

    NewsmaxNewsmax·1M
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  13. #TeslaTakeover protests take aim at Elon Musk

    Musk says he has uncovered wasteful spending and his work is aimed at making the government operate more smoothly.

    #TeslaTakeover protests take aim at Elon Musk

    BBC NewsBBC News·1M
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  14. Trump Publicly Admits He Thinks He Can Break Any Law He Wants

    It does not hurt his and his party’s cause that the Supreme Court’s conservative supermajority agrees with this premise in many ways.

    Trump Publicly Admits He Thinks He Can Break Any Law He Wants

    Rolling StoneRolling Stone·1M
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    Left
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  15. Musk's DOGE experience win and loss amid legal battles

    As of now, it’s unclear how many more court rulings could still be coming against Musk and DOGE.

    Musk's DOGE experience win and loss amid legal battles

    Straight Arrow NewsStraight Arrow News·1M
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  16. Trump Media Says It Lost More Than $400 Million Last Year

    Trump Media became publicly traded last March after merging with a shell company called Digital World Acquisition Corp., an example of what’s called a special purpose acquisition company, or SPAC, which can give young companies quicker and easier routes to getting their shares trading publicly.

    Trump Media Says It Lost More Than $400 Million Last Year

    TIME MagazineTIME Magazine·1M
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    Leans Left
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  17. Trump Media says it lost more than $400 million last year

    Citing its “early development stage,” the parent company based in Sarasota, Florida, said it doesn’t report “traditional key performance indicators” used by other social media companies, such as how many people have signed up for the service, use it on a daily or monthly basis or see its ads.

    Trump Media says it lost more than $400 million last year

    ABC NewsABC News·1M
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  18. DOGE Is About Ideology and Mindless Budget-Cutting, Not Efficiency

    It’s obvious why Musk and his MAGA backers use the language of efficiency and sound business principles to justify its spending suspensions, firings and employee buyout 'deals;'}

    DOGE Is About Ideology and Mindless Budget-Cutting, Not Efficiency

    New York MagazineNew York Magazine·1M
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  19. George Conway: Trump’s 'pathological narcissism' is fueling 'full-scale' DOJ 'revolt'

    The following day, on Saturday morning, February 15, conservative attorney George Conway discussed Scotten's resignation from DOJ and the Trump Administration's interference in the Adams case during an appearance on MSNBC's 'The Weekend.'

    George Conway: Trump’s 'pathological narcissism' is fueling 'full-scale' DOJ 'revolt'

    AlterNetAlterNet·1M
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  20. Adams Denies Alleged Deal With DOJ to Drop Corruption Case

    Adams’s statement came in response to a claim made in a resignation letter from Danielle Sassoon, the now former acting U.S. attorney for Manhattan who quit after refusing a request from acting Deputy Attorney General Emil Bove to drop the criminal corruption case against Adams.

    Adams Denies Alleged Deal With DOJ to Drop Corruption Case

    Epoch TimesEpoch Times·1M
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  21. Federal Workers Rise up Against Musk, Trump and Drastic Cuts

    The battle to save public services predates Trump and his alliance with Musk.

    Federal Workers Rise up Against Musk, Trump and Drastic Cuts

    In These TimesIn These Times·1M
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  22. DOGE needs data to survive. These lawsuits are trying to starve it of information.

    Reading through all these lawsuits, one gets the sense of a real clash between two ways of doing things: old-school Washington proceduralism vs. Silicon Valley–style disruption.

    DOGE needs data to survive. These lawsuits are trying to starve it of information.

    ReasonReason·1M
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  23. The Opposition Is Already Growing

    The fact is that Trump is an unpopular president who eked out a razor-thin plurality of the popular vote and whose party holds the slimmest of majorities in the House.

    The Opposition Is Already Growing

    The AtlanticThe Atlantic·1M
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  24. Constitutional Crisis Looms

    Trump’s administration’s aggressive restructuring of the government and flirtation with defying court rulings threaten to spark a constitutional crisis.

    Constitutional Crisis Looms

    The InterceptThe Intercept·1M
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  1. CNBC
  2. Newsweek
  3. CBS News
  4. NBC News
  5. Associated Press
  6. Salon
  7. The Blaze
  8. Breitbart News
  9. USA TODAY
  10. Daily Caller
  11. New York Post
  12. Bloomberg
  13. MEDIAite
  14. Truthout
  15. Washington Times
  16. MSNBC
  17. Townhall
  18. NPR
  19. FOX News
  20. The Daily Wire
  21. The Guardian
  22. One America News Network
  23. Newsmax
  24. BBC News
  25. Rolling Stone
  26. Straight Arrow News
  27. TIME Magazine
  28. ABC News
  29. New York Magazine
  30. AlterNet
  31. HuffPost
  32. Common Dreams
  33. Epoch Times
  34. Vox
  35. Slate
  36. In These Times
  37. Mother Jones
  38. Reason
  39. Politico
  40. The Atlantic
  41. The Intercept

Feb 16th, 2025, 3:05 AM ET

Summary

A summary of the key points of this story verified across multiple sources.

Trump Media & Technology Group has reported a net loss of $400.9 million for 2024, blaming diminished revenues and legal expenses, coinciding with a tumultuous federal environment. In parallel, Assistant U.S. Attorney Hagan Scotten's resignation over pressure to dismiss Mayor Eric Adams' bribery case indicates rising discord within the DOJ, with multiple prosecutors leaving in protest against perceived political influence on legal matters. The resignation wave, dubbed the 'Thursday afternoon massacre,' underscores serious implications for judicial integrity as Adams faces significant corruption allegations while maintaining his bid for reelection.


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History

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Turmoil in the DOJ and Trump's $400M Loss: Legal and Financial Fallout - Pano News