Truth Social parent Trump Media now worth more than Musk’s X
Trump Media & Technology Group's stock has more than quadrupled since late September and is now valued at more than $10 billion. Meanwhile, X Holdings is valued at about $9.4 billion, based on the latest value assigned to shares in the company formerly known as Twitter by investment group Fidelity. Trump Media (TMTG) stock prices […]
Truth Social parent Trump Media posts third straight quarterly loss
Former President Donald Trump's media company reported a net loss of $19.2 million in the third quarter due to legal costs and costs associated with its TV streaming deal. Trump Media & Technology Group said the figure includes $12.1 million in litigation costs in the quarter stemming from its acquisition of TV streaming technology in […]
Truth Social parent company Trump Media now worth more than X as Election Day nears
“Varney & Co.” host Stuart Varney reacts to Tesla CEO Elon Musk's offer of $1 million a day to voters who sign the America PAC petition. Trump Media & Technology Group, which operates the social media network Truth Social, has surpassed the estimated value of Elon Musk's “X” as Election Day approaches. Trump Media & […]
Coach parent blocked from merging with owner of Michael Kors
A U.S. judge on Thursday blocked the disputed $8.5 billion merger between handbag and accessories makers Tapestry and Capri, a victory for the Federal Trade Commission in an industry where merger issues are rare. The FTC argued in an eight-day trial in New York that the merger would eliminate fierce direct competition between the top […]
Bally Sports’ parent company, FanDuel partner for regional sports networks rebrand
Diamond Sports Group, the parent company of several regional sports networks, has signed a partnership agreement with American sportsbook FanDuel. On October 21st, Diamond Sports Group's Bally Sports will be renamed FanDuel Sports Network. The official name of the RSN varies slightly depending on region across the 16 markets. For example, the game between the […]
Parent discovers horrifying reason why his 13-year-old son had extra funds in his bank account
A former kindergarten teacher's assistant has pleaded guilty to possessing child pornography after Georgia parents discovered they had more money in their 13-year-old's bank account than they should have. Police say the child was paid by Mark Penfield iPhone to create pornographic videos of himself and send them to the iPhone. An investigation revealed that […]
Parkland parent, school safety expert says one candidate closer to the answer
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ABC News hit with 75 layoffs as corporate parent Disney slashes costs
ABC News and its group of local stations were hit with 75 layoffs Wednesday as part of an ongoing restructuring at parent company Disney. ABC News President Armin Karmemedovic broke the news to staff in a memo obtained by the Post, saying the station had to make a “tough decision.” “A limited number of colleagues […]
Blackstone to sell Motel 6 chain and its parent company for $525M
An India-based hotel management company is acquiring Motel 6, a leading American budget motel chain. Olabel Stays, the parent company of global travel technology company Oyo, has announced that it will acquire franchisor G6 Hospitality and its extended-stay brands Motel 6 and Studio 6 for $525 million to current owner Blackstone. Blackstone, the New York-based […]
New Hampshire parent banned for wearing armbands in support of women’s sports to daughter’s soccer game
A New Hampshire parent is speaking out, claiming that her daughter was banned from school grounds at her soccer game this week because she was wearing a pink “XX” armband to support girls' sports, despite reports that there were biologically male players on the opposing team. Anthony Foote of Bow, New Hampshire, told the New […]