
Philadelphia journalist and advocate Josh Kruger shot and killed at home
Philadelphia journalist and advocate Josh Kruger was shot and killed at his home early Monday morning, according to police.
2023-10-03 01:54

How tall is Dr Disrespect? Fans who claimed streamer was 'lying' about his height 'realize' he wasn't
After Dr Disrespect shared a photo with fellow streamers Shroud and Justin, the debate surrounding his height was put to rest
2023-08-12 18:54

Is Kevin Costner 'withholding' his financial records? Christine Baumgartner levels more accusations against 'Yellowstone' star amid messy divorce
Christine Baumgartner, 49, is seeking details about Kevin Costner's anticipated income from future projects, including his film series 'Horizon'
2023-08-24 16:45

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

Mounting US worries over Private Travis King after silence from North Korea
By Phil Stewart and Idrees Ali WASHINGTON (Reuters) -The United States on Thursday voiced mounting concern over Army Private Travis
2023-07-21 03:52

QR codes, shut metros: Police outline Paris Olympics security
The Paris police chief has outlined drastic security measures for next year's summer Olympics, sparking an outcry from politicians Wednesday who said they were...
2023-11-29 22:27

Putin says Russian mercenary group has no legal basis so 'doesn't exist'
Russian President Vladimir Putin said that the Wagner private military company “simply doesn't exist” as a legal entity, in comments adding to the series of often bizarre twists that have followed the group’s abortive revolt last month — the most serious threat to Putin’s 23-year rule amid the war in Ukraine. “There is no law on private military organizations. It simply doesn’t exist,” Putin told a Russian newspaper late Thursday, referring to the Wagner group. Putin recounted to Kommersant his own version of a Kremlin event attended by 35 Wagner commanders, including the group's chief, Yevgeny Prigozhin, on June 29. That meeting came just five days after Prigozhin and his troops staged a stunning but short-lived rebellion against Moscow authorities. The meeting was revealed earlier this week by a Kremlin official. Putin said that at the talks, Wagner rejected an offer to keep its troops in Ukraine, where they have played key battlefield roles, under the leadership of their direct commander. “All of them could have gathered in one place and continued to serve,” Putin told the newspaper, “And nothing would have changed for them. They would have been led by the same person who had been their real commander all along.” Putin has previously said that Wagner troops had to choose whether to sign contracts with the Russian Defense Ministry, move to neighboring Belarus or retire from service. According to Putin, although “many nodded” when he made his proposal, Prigozhin rejected the idea, responding that “the boys won’t agree with such a decision.” This, Putin said, was one of “several employment options” put forward at the meeting. During the revolt that lasted less than 24 hours, Prigozhin’s mercenaries quickly swept through the southern Russian city of Rostov-on-Don and captured the military headquarters there without firing a shot, before driving to within about 200 kilometers (125 miles) of Moscow. Prigozhin described the move as a “march of justice” to oust the military leaders, who demanded that Wagner sign contracts with the Defense Ministry by July 1. The fate of Prigozhin and the terms of a deal that ended the armed rebellion by offering amnesty for him and his mercenaries, along with permission, to move to Belarus remain cloudy. Wagner mercenaries are completing the handover of their weapons to the Russian military, the Defense Ministry said Wednesday. Their disarming of Wagner reflects efforts by Russian authorities to defuse the threat they posed and also appears to herald an end to the mercenary group’s operations on the battlefield in Ukraine, where Kyiv’s forces are engaged in a counteroffensive. ___ Follow AP’s coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraine Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide Putin says Wagner Group has no legal basis and therefore simply doesn’t exist Tucker Carlson and Mike Pence clash in heated exchange over Ukraine at GOP 2024 forum Russian antiwar activist allowed into Serbia after spending more than a day at the Belgrade airport
2023-07-15 12:30

Who is Florence Pugh's dad? 'Don't Worry Darling' star's father allegedly struggling to keep business afloat
Clinton Pugh, 64, claimed that bothersome traffic strategies are ruining his business, but said he won't be requesting assistance from his famous daughter
2023-05-26 11:25

Warhol estate loses U.S. Supreme Court copyright fight over Prince paintings
By Blake Brittain WASHINGTON Andy Warhol's estate lost its U.S. Supreme Court copyright fight with celebrity photographer Lynn
2023-05-18 22:21

Seoul, Tokyo, US condemn North Korea's supply of arms to Russia
South Korea, Japan and the United States "strongly condemn" North Korea supplying arms to Moscow, the allies said in a joint statement Thursday, adding that "several" such...
2023-10-26 18:26

'Now he's just worth 25 Cents': Internet erupts in hilarity after 50 Cent's 'Hey Joe, get up' post
Rapper 50 Cent took to Instagram to call out President Joe Biden for his weekend getaway to Rehoboth Beach, Delaware, amidst ongoing global turmoil
2023-10-23 17:24

War’s Economic Toll Steals Spotlight From Israel Interest Rates
Israel is set to offer its first accounting of the toll on the economy from the violent conflict
2023-10-23 12:51
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