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Russia Latest: Italy Now Sees Weakened Russia on Ukraine Front
Russia Latest: Italy Now Sees Weakened Russia on Ukraine Front
Wagner Group mercenary leader Yevgeny Prigozhin halted his dramatic advance toward Moscow and pulled his fighters back, defusing
2023-06-25 14:49
Judge plans May trial for US Sen. Bob Menendez in bribery case
Judge plans May trial for US Sen. Bob Menendez in bribery case
A judge is planning a spring trial for U.S. Sen. Bob Menendez and his wife
2023-10-03 04:48
RFK Jr. has a big primary problem: Democrats like Joe Biden
RFK Jr. has a big primary problem: Democrats like Joe Biden
Joe Biden's approval ratings remain low. A majority of Democrats don't want him to run for another term. But Biden challenger Robert F. Kennedy Jr. is more than 40 points behind the president in national Democratic primary surveys and there is zero sign Biden's support is weakening.
2023-06-18 22:45
Nas, Run-DMC, Snoop helm marathon birthday party for hip-hop
Nas, Run-DMC, Snoop helm marathon birthday party for hip-hop
Thousands of people partied deep into the night Friday as part of an all-star Bronx bash celebrating 50 years of hip-hop, featuring trailblazers including Run-DMC...
2023-08-12 16:57
Haley Pullos pleads not guilty as she is charged with DUI and hit-and-run, hearing set for next month
Haley Pullos pleads not guilty as she is charged with DUI and hit-and-run, hearing set for next month
Haley Pullos who was driving the wrong way struck another automobile head-on at 60 mph while driving inebriated along the 134 Freeway in Pasadena
2023-06-29 02:21
Trump’s Truth Social warns company may be forced to shut down amid huge losses
Trump’s Truth Social warns company may be forced to shut down amid huge losses
Truth Social’s parent company lost almost $23m (£18.7m) in the first half of this year alone, according to a new securities filing that raises concerns about its “ability to continue”. The filing released on Monday marks the first time any financial details about Donald Trump’s social media platform have been shared publicly, according to The Hollywood Reporter. Truth Social was launched in February last year after Mr Trump was banned from most social networks in the aftermath of the 6 January 2021 Capitol riots. The former US president – who announced his candidacy for the 2024 elections in November last year – has since returned to X (formerly known as Twitter), but says Truth Social is still his primary social media platform and that he won’t post anywhere else until six hours after he sends a “Truth”. Having Mr Trump on board has not translated into revenue for the platform’s parent company Trump Media & Technology Group (TMTG), however. Over the first half of 2023 it has lost $23m while bringing in only $2.3m in net sales, the filing showed. This has raised doubts about the viability of the company and its social media startup, according to the filing. “TMTG’s independent registered public accounting firm has indicated that TMTG’s financial condition raises substantial doubt as to its ability to continue as a going concern,” the company noted in the filing. The company said the “management has substantial doubt that TMTG will have sufficient funds to meet its liabilities as they fall due, including liabilities related to promissory notes previously issued by TMTG”. The remarks were made in its assessment of business till the end of December last year and as of 30 June 2023. Concerns have also been raised over Digital World Acquisition Corporation (DWAC), a Special Purpose Acquisition Company (SPAC), that had some years ago announced plans to merge with TMTG. An SPAC is a shell corporation which raises money by listing itself on a stock exchange with the aim of using the funds for a merger with a different and usually more well-known entity. The filing said DWAC has “until 8 September 2024 to consummate a business combination”. It raised concerns that both TMTG and DWAC may not survive unless this merger is completed. “It is uncertain that Digital World will be able to consummate a business combination by this time. If a business combination is not consummated by this date, there will be a mandatory liquidation and subsequent dissolution of Digital World,” the filing said. “TMTG believes that it may be difficult to raise additional funds through traditional financing sources in the absence of material progress toward completing its merger with Digital World,” the filing further said. “A number of companies that had licence agreements with President Trump have failed. There can be no assurances that TMTG will not also fail,” the filing said. TMTG also cited a number of risks to its business in the new filing, including a dedicated section titled “Risks related to our chairman, president Donald J Trump”. The section lists his ongoing legal hurdles. “TMTG’s success depends in part on the popularity of its brand and the reputation and popularity of its chairman, president Donald J Trump,” the filing said. “The value of TMTG’s brand may diminish if the popularity of President Trump were to suffer. Adverse reactions to publicity relating to President Trump, or the loss of his services, could adversely affect TMTG’s revenues, results of operations and its ability to maintain or generate a consumer base.” Read More Return of original Fortnite map causes record traffic on Virgin Media O2 network Elon Musk unveils new sarcasm-loving AI chatbot for premium X subscribers Elon Musk mocks politicians at AI summit Tesla to offer ‘beast mode’ version of Cybertruck with bulletproof panels X now valued at $19bn – less than half of what Elon Musk paid for it Solar panel world record smashed with ‘miracle material’
2023-11-14 16:28
Is xQc 'single'? Streamer reveals relationship status, mental health struggles amid ongoing drama: 'This era sucked'
Is xQc 'single'? Streamer reveals relationship status, mental health struggles amid ongoing drama: 'This era sucked'
xQc engaged in a 'Q&A' session with his community and provided answers to numerous questions
2023-06-06 13:21
Adin Ross shares thoughts on xQc and Fran's cheating controversy: 'Who gives a f**k? He didn't love the girl'
Adin Ross shares thoughts on xQc and Fran's cheating controversy: 'Who gives a f**k? He didn't love the girl'
Adin Ross said, 'People have no right to talk or judge, bro, you don't know what the f**k he's thinking, I'm not defending cheating, by the way'
2023-08-16 13:25
Ukraine says density of Russian mines is 'insane' as it plays down counteroffensive expectations
Ukraine says density of Russian mines is 'insane' as it plays down counteroffensive expectations
A week after US officials said Ukraine was deploying extra troops to its counteroffensive, movement is limited on the southern front lines with fighting concentrated in two parts of Zaporizhzhia region, according to available videos and statements from official sources.
2023-08-04 00:47
Taliban beauty salon ban: Three Afghan women mourn the end of a valued service
Taliban beauty salon ban: Three Afghan women mourn the end of a valued service
Women tell the BBC about what they will miss from salons before they close on orders from the Taliban.
2023-07-24 07:57
Who is Ryan Card? Family of Maine mass shooting suspect Robert Card is helping police 'in any way possible'
Who is Ryan Card? Family of Maine mass shooting suspect Robert Card is helping police 'in any way possible'
Meanwhile, Robert Card's sister-in-law has urged the mass shooter to 'reach out and do the right thing'
2023-10-27 19:48
Ex-aide to US Rep Santos expected to plead guilty to criminal charges
Ex-aide to US Rep Santos expected to plead guilty to criminal charges
NEW YORK The former campaign treasurer for U.S. Representative George Santos, who has been indicted on fraud charges,
2023-10-06 02:56