Trump Media reports $19 million loss in third quarter on TV streaming costs

Trump Media reports $19 million loss in third quarter on TV streaming costs
Trump Media & Technology Group stock market trading information is seen on a television at the Nasdaq Marketplace on March 26, 2024 in New York City. (AFP)
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Updated 07 November 2024

Trump Media reports $19 million loss in third quarter on TV streaming costs

Trump Media reports $19 million loss in third quarter on TV streaming costs
  • Trump Media & Technology Group said the figure includes $12.1 million in legal fees
  • It also reported $3.9 million in research and development spend

Former US President Donald Trump’s media company reported a net loss of $19.2 million in the third quarter, due to legal fees and costs tied to its TV streaming deal.
Trump Media & Technology Group said the figure includes $12.1 million in legal fees in the quarter, stemming from its acquisition of TV streaming technology in August and residual fees related to its SPAC deal in March.
It also reported $3.9 million in research and development spend.
Shares of the company reversed earlier losses in extended trading and were last trading about 2 percent higher.
The report comes as the US presidential election is in the final stretch, with polls showing Trump and current vice president Kamala Harris running neck and neck, as the world awaits the results of one of the most unusual elections in modern US history.
Shares of Trump Media, which operates the Truth Social media platform, have seen wild swings in recent days with the stock serving as something of a proxy for Trump’s chances of election.
Trump Media said its revenue was $1 million for the quarter ended September and had cash and cash equivalents of $672.9 million, including short-term investments, with no debt. 


US court bars Israel’s NSO Group from installing spyware on WhatsApp

US court bars Israel’s NSO Group from installing spyware on WhatsApp
Updated 18 October 2025

US court bars Israel’s NSO Group from installing spyware on WhatsApp

US court bars Israel’s NSO Group from installing spyware on WhatsApp
  • Evidence at trial showed that NSO Group reverse-engineered WhatsApp code to stealthily install spyware targeting users
  • NSO Group produces Pegasus, a highly invasive tool that can switch on a target’s cell phone camera and microphone and access data on it

SAN FRANCISCO: A US judge on Friday granted an injunction barring Israeli spyware maker NSO Group from targeting WhatsApp users but slashed a $168 million damages award at trial to just $4 million.
District Judge Phyllis Hamilton ruled that NSO Group’s behavior fell short of a “particularly egregious” standard needed to support the jury’s calculations on a financial penalty.
But in the ruling, seen by AFP, she said the court “concluded that defendants’ conduct causes irreparable harm, and there being no dispute that the conduct is ongoing” the judge granted WhatsApp owner Meta an injunction to stop NSO Group’s snooping tactics at the messaging service.
Evidence at trial showed that NSO Group reverse-engineered WhatsApp code to stealthily install spyware targeting users, according to the ruling, which called such access to user data “unlawful.”
The spyware was repeatedly redesigned to escape detection and bypass security fixes at WhatsApp, the court concluded.
The lawsuit, filed in late 2019, accused NSO Group of cyberespionage targeting journalists, lawyers, human rights activists and others using the encrypted messaging service.
Hamilton ruled however that the $168 million damages verdict awarded to Meta earlier this year was excessive.
“There have simply not yet been enough cases involving unlawful electronic surveillance in the smartphone era for the court to be able to conclude that defendants’ conduct was ‘particularly egregious’,” Hamilton wrote in the ruling which was seen by AFP.
“As time goes on, more of a shared societal consensus may emerge about the acceptability of defendants’ conduct.”
Founded in 2010 by Israelis Shalev Hulio and Omri Lavie, NSO Group is based in the seaside high-tech hub of Herzliya, near Tel Aviv.
Media website TechCrunch reported Friday that a US investment group has acquired controlling interest in NSO Group.
The Israeli firm produces Pegasus, a highly invasive tool that can reportedly switch on a target’s cell phone camera and microphone and access data on it, effectively turning the phone into a pocket spy.
The suit filed in a California federal court contended that NSO tried to infect approximately 1,400 “target devices” with malicious software to steal valuable information.
Infecting smartphones or other gadgets being used for WhatsApp messages meant the content of messages encrypted during transmission could be accessed after they were unscrambled.
The complaint said the attackers “developed a program to enable them to emulate legitimate WhatsApp network traffic in order to transmit malicious code” to take over the devices.
The software has been pinpointed by independent experts as being used by nation states, some of them with poor human rights records.
NSO Group has maintained it only licenses its software to governments for fighting crime and terrorism.
 


White House joins Bluesky and immediately trolls Trump opponents

White House joins Bluesky and immediately trolls Trump opponents
Updated 18 October 2025

White House joins Bluesky and immediately trolls Trump opponents

White House joins Bluesky and immediately trolls Trump opponents
  • Bluesky is the social media platform of choice of many in the left-leaning online world
  • Disgruntled X users began flocking to Bluesky after billionaire Elon Musk took over Twitter (now known as X) in 2022

WASHINGTON: The White House on Friday joined Bluesky, the social media platform of choice of many in the left-leaning online world.
In its inaugural post, the White House account offered a sizzle reel of the administration’s memes, trolls and messages from President Donald Trump’s nine months since returning to office. The post appeared aimed at tweaking liberals who aren’t fans of the Republican president.
The first post included mentions of the administration’s executive order renaming the Gulf of Mexico, a doctored image of Democratic House Minority Leader Hakeem Jeffries adorned in a sombrero with a faux mustache, and stream of photos and video from other big moments in the early going of Trump’s second term.
“What’s up, Bluesky?” the White House said in a message accompanying the video. ”We thought you might’ve missed some of our greatest hits, so we put this together for you. Can’t wait to spend more quality time together!”
Disgruntled X users began flocking to Bluesky after billionaire Elon Musk took over Twitter (now known as X) in 2022, and the platform reported a surge in new users late last year.
It remains small compared to more established online spaces such as X, but it has emerged as an alternative for those looking for a different mood.
The Department of Health and Human Services and the Department of Homeland Security also launched Bluesky accounts Friday.
Vice President JD Vance joined Bluesky in June.
Trump’s social media platform of choice is Truth Social. Trump is the biggest shareholder in Trump Media & Technology Group, the company that owns Truth Social.


Kingdom’s Media Bridges initiative explores global content partnerships at MIPCOM festival

Kingdom’s Media Bridges initiative explores global content partnerships at MIPCOM festival
Updated 17 October 2025

Kingdom’s Media Bridges initiative explores global content partnerships at MIPCOM festival

Kingdom’s Media Bridges initiative explores global content partnerships at MIPCOM festival
  • Session reflects broader push to deepen international collaboration

RIYADH: The Media Bridges initiative, under the auspices of the Saudi Media Forum, convened a strategic workshop with the theme “Toward Global Partnerships in Production and Content Marketing,” at the MIPCOM international festival in Cannes, France, the Saudi Press Agency reported.

The session reflected ’s broader push to deepen international collaboration in media investment while advancing production capabilities and cutting-edge technologies.

The effort aligned directly with Vision 2030’s emphasis on empowering creative and media industries through expanded strategic partnerships with global players.

Workshop participants examined how traditional media organizations could integrate with digital platforms and international technology firms, creating pathways for Saudi and Arab companies to forge production and marketing alliances suited to the evolving global content landscape.

Those attending explored ’s media infrastructure and investment landscape, with discussions centered on attracting international capital and broadening partnerships across media production and digital content ventures.

The gathering drew a diverse international roster: executives from major technology companies, founders of over-the-top streaming platforms, and experts specializing in media analytics and artificial intelligence applications — bringing varied global perspectives and industry insights to the conversation.

The workshop represented one element in the Saudi Media Forum’s campaign to amplify the Kingdom’s visibility at premier international industry gatherings, positioning as a rising center for media innovation.


Freed Gaza photographer overjoyed to find family alive after being told in Israeli jail they were dead

Freed Gaza photographer overjoyed to find family alive after being told in Israeli jail they were dead
Updated 16 October 2025

Freed Gaza photographer overjoyed to find family alive after being told in Israeli jail they were dead

Freed Gaza photographer overjoyed to find family alive after being told in Israeli jail they were dead
  • Shadi Abu Sido says Israeli prison guards told him his family had been killed in Gaza war
  • The Palestinian photojournalist was detained without trial under Israel’s Unlawful Combatants Law, severely beaten

KHAN YOUNIS, Gaza Strip: Shadi Abu Sido said his world shattered in Israeli detention when guards told him his wife and two children had been killed in the Gaza war.
“I got hysterical,” the Gaza Palestinian photographer said.
It wasn’t until his release on Monday, part of the US-mediated ceasefire deal between Hamas and Israel that halted two years of war, that he discovered his loved ones were alive.
His wife, Hanaa Bahlul, raced down the hallway of his family’s house in Khan Younis and leapt into his arms. He spun her in the air as they clung to each other. Abu Sido kissed his children’s cheeks again and again, murmuring “my love” as he held the daughter and son he thought he would never see again.
“I heard her voice, I heard the voice of my children, I was astonished, it cannot be explained, they were alive. I saw my wife and children alive. Imagine amid death — life,” he said.
Abu Sido, a photojournalist, said he was detained at Shifa hospital in the northern Gaza Strip on March 18, 2024.
He was among 1,700 Palestinians detained by Israeli forces during the devastating war in Gaza and released on Monday, along with 250 prisoners convicted or suspected of involvement in deadly attacks, in exchange for 20 Israeli hostages held by Hamas since its October 2023 cross-border assault.
DETAINED UNDER THE ‘UNLAWFUL COMBATANTS’ LAW
Bahlul said a lawyer from Addameer, a Palestinian human rights group, had told her Abu Sido was being held under Israel’s Unlawful Combatants Law — a form of administrative detention.
Omer Shatz, an Israeli international law expert at Sciences Po university in Paris, said the law allows Israel to limit access to lawyers, incarcerate people without charge or trial, and arbitrarily detain many Palestinians in Gaza.
According to Addameer, 2,673 Gazans are currently detained under this law.
The Israeli military said in a statement sent to Reuters that its detention policy was “in full alignment with Israeli law and the Geneva Conventions” on legal standards for humanitarian treatment in wartime.
Israel’s Justice Ministry did not respond to Reuters requests for comment.
In March 2024 the Israeli military said it raided Shifa hospital, accusing Hamas of operating from the premises. Hamas has denied Israeli allegations it had command posts underneath Shifa and other Gaza hospitals. Reuters could not independently verify the assertions of either side.

’A GRAVEYARD FOR THE LIVING’
Abu Sido said he was severely beaten, handcuffed, blindfolded and forced to kneel for long periods while in detention. His wrists looked raw during his meeting with Reuters, which he said had been caused by the shackles. Reuters could not independently verify the details of his account.
He was first held at Israel’s Sde Teiman military detention camp, then transferred to the Ofer military camp — which is in the Israeli-occupied West Bank — and later to Ketziot prison in Israel, according to his wife.
Bahlul said Abu Sido was arrested only for being “a journalist for a Palestinian institution.”
A spokesperson for the Israeli Prison Service said all inmates were held according to legal procedures and their rights upheld. “We are not aware of the claims described, and to the best of our knowledge, no such incidents occurred under IPS responsibility,” the spokesperson said.
The Israeli military statement said mistreatment of detainees was “strictly prohibited.” The military said that prolonged restraint was only allowed in “exceptional cases” with significant security risks, and denied that detainees were forced to remain in a crouching position.
An Israeli military official told Reuters in September that of around 100 criminal investigations related to the Gaza war, most concerned allegations of abuse or death of detainees in military custody. Two cases have led to indictments, and one soldier was sentenced to 17 months in prison.
Reuters previously spoke to released Palestinian prisoners who said they suffered abuses in Israeli detention.
Many of the Israeli hostages released by Hamas have also described torture, sexual assault, psychological abuse, and denial of food and medical care.
Amany Srahneh of the Palestinian Prisoners Society said conditions for Palestinian inmates deteriorated dramatically after Hamas’ October 7, 2023 attack, with reports of sexual assault, beatings, denial of medication, and food shortages.
She said conditions were even worse for Gaza Palestinians held in military detention.
Abu Sido said that prison was “the graveyard of the living. When I returned to Gaza, it was like my soul returned to my body. But when I saw the destruction..., how can I start again?“


Court strikes down Irish police decision not to investigate Airbnb over Israeli settlements

Court strikes down Irish police decision not to investigate Airbnb over Israeli settlements
Updated 16 October 2025

Court strikes down Irish police decision not to investigate Airbnb over Israeli settlements

Court strikes down Irish police decision not to investigate Airbnb over Israeli settlements
  • More than 150 businesses, including Airbnb and rivals Booking.com, Expedia and TripAdviser, are operating in Israeli West Bank settlements deemed illegal under international law

DUBLIN: Ireland’s High Court on Thursday struck down a decision by the Irish police not to investigate the legality of Airbnb operations in Israeli settlements in the occupied West Bank, rejecting the argument that it did not have jurisdiction.
The ruling does not automatically trigger an investigation by police in Ireland, where Airbnb has its Europe and Middle East headquarters, but it obliges the Irish police to consider the matter afresh, the court heard.
The case was brought by Irish-Palestinian non-governmental organization Sadaka, which asked police to investigate whether Airbnb had broken Irish law by operating in the settlements. It argued that the police decision not to investigate due to jurisdiction issues was “legally erroneous and irrational.”
A lawyer representing the Irish police, Remy Farrell, conceded the case on Thursday and said the matter would be “considered afresh” by the respondents.
Airbnb did not immediately respond to an emailed request for comment.
The company allows listings throughout the West Bank but takes no profits from this activity in the region, the company said in a 2019 statement, in which it said it had never boycotted Israel or Israeli businesses.
More than 150 businesses, including Airbnb and rivals Booking.com, Expedia and TripAdviser, are operating in Israeli West Bank settlements deemed illegal by the UN, a report by the organization’s human rights office showed in September.
Most of the international community considers Israeli settlements in the West Bank illegal under international law.
Israel disputes this, citing historical and biblical ties to the area. It says the settlements provide strategic depth and security and that the West Bank is “disputed” not “occupied.”