Tech

Trump Media shares plunge after reporting $58 million loss

Published

2 years ago

April 2, 2024

The share price of Trump Media took a sharp dive on Monday following the company’s disclosure of a significant net loss for 2023.

According to a filing with the Securities and Exchange Commission, Trump Media reported a net loss of $58.2 million on revenue of just $4.1 million for the year 2023.

This substantial loss caused the company’s shares to plummet by more than 25% around 1:08 p.m. ET.

Despite the considerable drop in share price, Trump Media’s market capitalization still stood at over $6.8 billion, reflecting the company’s high valuation even in the face of financial losses.

Cash on hand

The filing revealed that much of the net loss can be attributed to $39.4 million in interest expense.

Additionally, the company ended 2023 with just $2.7 million in cash on hand, further highlighting its financial challenges.

Trump Media warned shareholders that it anticipates continued operating losses for the foreseeable future.

The company’s involvement with former President Trump could also pose additional risks, as outlined in the filing.

Notably, Trump owns a significant portion of Trump Media shares, representing more than half of his total net worth, and stands to receive millions more in shares over the next three years if certain stock price benchmarks are met.

Tech

Zuckerberg testifies on social media addiction and child safety

Meta CEO Mark Zuckerberg testifies in LA trial over claims that platforms are addictive and harmful to children.

Published

2 hours ago

February 19, 2026

Harvey Vargas

Meta CEO Mark Zuckerberg testifies in LA trial over claims that platforms are addictive and harmful to children.

Meta CEO Mark Zuckerberg, is testifying at a landmark social media trial in Los Angeles, marking a pivotal moment in the debate over online child safety. Lawyers for the plaintiffs argue that Meta intentionally designed its platforms to be addictive, putting young users at risk.

This is the first time Zuckerberg has addressed concerns about child safety directly before a jury, with KGM’s case acting as one of around 20 test trials aimed at gauging how jurors respond to claims that social media companies knowingly fuel harmful engagement.

The outcome could set the tone for future litigation against tech giants and reshape how platforms are designed, regulated and held accountable.

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Tech

Apple unveils AI-powered wearables set to revolutionise tech by 2027

Apple unveils innovative AI-powered wearables, including smart glasses, a pendant, and camera-equipped AirPods, set to reshape ambient computing.

Published

1 day ago

February 18, 2026

Harvey Vargas

Apple unveils innovative AI-powered wearables, including smart glasses, a pendant, and camera-equipped AirPods, set to reshape ambient computing.

Apple is making a bold move into AI-powered wearables, developing three innovative devices designed to bring ambient computing to everyday life. From smart glasses to a futuristic pendant and camera-equipped AirPods, the tech giant is integrating these devices with an upgraded version of Siri to enhance user experience.

The smart glasses, slated for a 2027 launch, will feature dual cameras and rely heavily on voice interactions, aiming to compete directly with Meta’s leading smart glasses in the market. Meanwhile, the AI pendant is still in early development but promises to be a companion device for iPhone users.

Camera-equipped AirPods could arrive as early as this year, capturing environmental data to feed Apple’s growing AI ecosystem. With Meta’s smart glasses already dominating sales, Apple’s entry signals a fierce battle in wearable AI technology.

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Tech

Apple adds video podcasts with watch and listen features

Apple launches new video podcast experience with adaptive playback, dynamic ads, and free for creators.

Published

2 days ago

February 17, 2026

Harvey Vargas

Apple launches new video podcast experience with adaptive playback, dynamic ads, and free for creators.

Apple is stepping up its podcast game with a new integrated video experience launching this spring. The update will allow users to seamlessly switch between watching and listening, complete with picture-in-picture mode for uninterrupted multitasking.

The update also supports HLS for adaptive video playback and dynamic ad insertion, giving advertisers more flexibility while keeping distribution free for creators. This positions Apple Podcasts to better compete with Spotify, YouTube, and Netflix in the growing video podcast market.

As video podcasts gain traction worldwide, Apple aims to capture viewers who want a more interactive experience without paying creators fees, while ad networks benefit from expanded opportunities.

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