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☆ DOJ charges Chinese national with operating 'world's largest botnet' that stole $5.9 billion in Covid relief funds
▼ + stars: | 2024-05-29 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Federal Bureau of Investigation Director Christopher Wray said it is "likely the world's largest botnet ever." The botnet hacked into over 19 million IP addresses in nearly 200 countries, the DOJ announcement said. In particular, the botnet targeted Covid relief programs and filed an estimated 560,000 false unemployment insurance claims, stealing $5.9 billion. The DOJ partnered with the FBI and other law enforcement agencies internationally to dismantle the botnet and arrest Wang. The charges come as U.S. law enforcement agencies try to update protocols to keep up with more sophisticated cybersecurity threats.

Persons: Wang, Christopher Wray, S, Axelrod, they're, Wray Organizations: US Department of Justice, Department of Justice, DOJ, Federal Bureau of, FBI, Export Enforcement, U.S . Department of Commerce's, of Industry, Security, Treasury Department, Treasury, Code, Tulip Biz, Company, Lily Suites Company Locations: Washington , DC, U.S, China

☆ 'Home Alone' house in Chicago suburbs hits the market
▼ + stars: | 2024-05-28 | by ( Rebecca Cohen | ) www.cnbc.com time to read: +1 min

"Home Alone" house, located at 671 Lincoln Avenue in Winnetka, Illinois is seen on December 1, 2021. Airbnb is offering a one-night-only rental of the iconic "Home Alone" house in Winnetka, Illinois. The famed home in the Chicago suburbs where Kevin McCallister was once left behind from a family trip to Paris went on sale this week, according to a Zillow listing for 671 Lincoln Ave. in Winnetka. It's on sale for the first time since 2012, when the current owners bought it for $1.58 million, according to the Zillow page. The house was also "fully renovated and expanded" in 2018, according to Zillow.

Persons: Airbnb, Kevin McCallister Organizations: Lincoln, High School, NBC Chicago Locations: Winnetka , Illinois, Chicago, Paris, Winnetka, New Trier

☆ Here's the 22-slide pitch deck that got Atropos Health $33 million for its generative AI bot for doctors
▼ + stars: | 2024-05-28 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

A new generative AI tool can create those studies in minutes. That directive informed Atropos' development of ChatRWD, which Atropos Health launched in beta form in October to 75 customers. Atropos says it's the first generative AI tool to create publication-grade studies from clinical data in minutes. AdvertisementAtropos' $33 million Series B funding follows Atropos' $14 million Series A in August 2022, bringing the company's total funding to $54 million. See the 22-slide pitch deck Atropos Health used to raise $33 million in Series B funding.

Persons: —, Brigham Hyde, Valtruis, Jim Breyer's Breyer, Laurene Powell Jobs, Nigam Shah, Saurabh, Hyde, Atropos, Green Button, Green, Johnson, Johnson's Janssen Organizations: Service, Business, Atropos, Cencora Ventures, McKesson Ventures, Merck GHI Fund, Presidio Ventures, Stanford University, National Institutes of Health, Atropos Health, pharma Locations: Geneva, Arcadia

☆ Chevron’s $53 Billion Oil Deal Is Backed by Hess Shareholders
▼ + stars: | 2024-05-28 | by ( Rebecca Elliott | ) www.nytimes.com time to read: +1 min

A large oil industry deal advanced on Tuesday after shareholders of Hess approved a proposed sale of the company to Chevron for $53 billion. Control over one of the most prized oil assets, off the shores of Guyana, is at stake in the deal, which still faces significant hurdles. Exxon is contesting Chevron’s acquisition of Hess by arguing that Hess can’t sell itself without allowing Exxon to buy its stake in the Guyana project. Chevron and Hess have said Exxon’s interpretation of the terms of Exxon and Hess’s partnership is incorrect. But Hess prevailed at its shareholders’ meeting on Tuesday in convincing a majority that the deal was in their best interest.

Persons: Hess Organizations: Chevron, Exxon Mobil, Exxon Locations: Guyana, sweetening

☆ A tech company that posted a 'whites only' job ad was ordered to pay $7.5K and give staff better training
▼ + stars: | 2024-05-27 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

The DOJ secured the agreements with Arthur Grand Technologies Inc., an information technology services firm, earlier this month. The job ad said it was after "only US-born citizens [white] who are local within 60 miles from Dallas, TX." Arthur Grand apologized and said that an employee added discriminatory language to the listing and published it without authorization. AdvertisementAs part of its settlement with the Justice Department, Arthur Grand will pay the US Treasury a civil penalty of $7,500 and implement comprehensive training for its staff on INA compliance. Last month, Business Insider reported on a study that showed CVs with Black-sounding names are less likely to get callbacks.

Persons: —, Arthur Grand, Kristen Clarke, Michele Hodge, OpenAI, Arthur Grand didn't Organizations: Service, US Department of Justice, DOJ, Arthur Grand Technologies Inc, Immigration, Business, Department, Department of Labor's, LinkedIn, Justice Department, Labor, Justice Department's Civil, Division, US Treasury, INA, Labor Department, Bloomberg Locations: Virginia, Dallas , TX

☆ 6 NATO countries are planning to build a 'drone wall' to defend themselves against Russia, reports say
▼ + stars: | 2024-05-27 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Six NATO countries are planning a "drone wall" to defend against Russia. Finland, Norway, Poland, and the Baltic states want to prevent smuggling and Russian provocations. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSix NATO countries are joining forces to create a "drone wall" to defend themselves against Russia, AFP news agency reported. Over the weekend, ministers from Finland, Norway, Poland, Estonia, Latvia, and Lithuania convened to discuss a coordinated system to help defend against Russian provocations and smuggling attempts, per the Financial Times.

Persons: —, Agnė Bilotaitė Organizations: NATO, Service, Financial Times, Baltic News Service, Business Locations: Russia, Finland, Norway, Poland, Baltic, AFP, Estonia, Latvia, Lithuania

☆ Blackstone CEO Steve Schwarzman says he will back Trump, citing concerns over rise in antisemitism
▼ + stars: | 2024-05-27 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Steve Schwarzman has endorsed Donald Trump's reelection bid. Schwarzman cited concerns over antisemitism and the "direction" of the country. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe CEO of Blackstone, Steve Schwarzman, has said he will back Donald Trump's reelection bid, citing concerns over "the dramatic rise of antisemitism" and the "direction" of the country. In a statement to Axios, Schwarzman said: "The dramatic rise of antisemitism has led me to focus on the consequences of upcoming elections with greater urgency."

Persons: Steve Schwarzman, Donald Trump's, Schwarzman, —, Blackstone, Donald Trump Organizations: Service, Republican, Business

☆ Dubai Old Town: Dubai’s ‘soul’ is about more than historic buildings
▼ + stars: | 2024-05-27 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +11 min

So in 2016, Badran set up her own tour company, Wander with Nada, to “show a different side of Dubai” to travelers. Her bespoke private tours are designed to suit the interests of each visitor, but her favorite itinerary is Dubai’s “old town,” a group of small neighborhoods around Dubai Creek where the city began and Badran spent her childhood. Badran leads me through the narrow alleys around the Dubai Old Souk, home to stores run by Indian-origin families. Stores in Old Dubai Souk. “Dubai is about opening your mind,” Badran says, “and embracing this diversity that makes it unique.”

Persons: Nada Badran, Badran, “, ”, Nada, Rebecca Cairns, Al Maktoum, Sheikh Mohammed bin Rashid Al Maktoum, Al Talli, There’s, —, it’s, ” Badran, Al Shindagha, Al, Djamel Boussaa, ” Boussaa, hasn’t, Rashid Haghaght, Al Karama, ” “ Organizations: CNN, “, United Arab Emirates, Dubai, Heritage, UNESCO, Al Shindagha, Trading Locations: Florence, Dubai, The, Arabian, “ Dubai, ”, Rome, Athens, Edinburgh, UAE, Oman, today’s Iraq, Bani Yas, Al Shindagha, Suadna, South, West Asia, Al, Saudi Arabia, Al Fahidi, Jordan, Deira, Isfahan, Old Dubai, Abu Dhabi, Sharjah, Al Rigga, Souk, Old Dubai Souk, Jebel Ali, Iran, India, China

☆ Libertarians Skip Over Trump and R.F.K. Jr. for Chase Oliver
▼ + stars: | 2024-05-26 | by ( Rebecca Davis O Brien | Michael Gold | ) www.nytimes.com time to read: +1 min

The Libertarian Party chose one of its own as its presidential nominee on Sunday night, capping a grueling day of elimination voting and a boisterous four-day event, where both Donald J. Trump and Robert F. Kennedy Jr. unsuccessfully sought to court the group’s backing. The nominee, Chase Oliver — an openly gay former Democrat who in 2022 forced a runoff in a race for a U.S. Senate seat in Georgia — beat out nine other candidates at the party’s national convention in Washington, including Mr. Kennedy. Mr. Trump, who was not an official candidate, received six write-in votes in the first round. The Libertarian Party is among the better-established minor parties, with name recognition and placement on the majority of state ballots in November. The Libertarian nominee is guaranteed to be on the November ballot in at least 37 states, a number that party leaders say they expect to grow in the coming months.

Persons: Donald J, Trump, Robert F, Kennedy Jr, Chase Oliver —, Georgia —, Kennedy, Mr Organizations: Libertarian, Democrat, U.S, Senate Locations: Georgia, Washington

☆ Palm Beach housekeepers are raking in $150,000 salaries as the rich flock to Florida, report says
▼ + stars: | 2024-05-25 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Some housekeepers in parts of Florida are earning $150,000 salaries, CNBC reported. Real-estate prices in the Sunshine State have surged as millionaires flock to the area. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementExperienced housekeepers in parts of Florida are enjoying huge salaries of between $120,000 to $150,000, CNBC reported. Demand for such positions has surged in areas like Palm Beach as the rich continue to flock to Florida from high-tax states such as New York.

Persons: — Organizations: CNBC, Sunshine State, Service, housekeepers, Business Locations: Florida, nannies, New York

☆ Dr. Sanjay Gupta: Rewiring your brain for happiness
▼ + stars: | 2024-05-25 | by ( Dr. Sanjay Gupta | ) edition.cnn.com time to read: +10 min

CNN —Happiness is an idea that has been woven into the fabric of humanity, going back to ancient civilizations. Santos believes, however, that with some diligent and intentional practice, you can start to turn up your thermostat of happiness. “Every available study of happy people suggests that happy people are more social,” Santos said. And I would gather the opposite is also true: Social people are happier. Listen to the full episode with happiness professor Laurie Santos here, and join us next week on the podcast when we explore the surprising link between happiness and anxiety.

Persons: Rebecca, I’m, It’s, Laurie Santos, we’re, ”, Santos, Kelly McGonigal, ” Santos, “, ” She’s, Robert Waldinger, —, Waldinger Organizations: CNN, Independence, Liberty, Gallup, Yale University, Harvard Locations: United States

☆ Businesses push Biden to grant work permits to longtime undocumented immigrants
▼ + stars: | 2024-05-23 | by ( Tami Luhby | ) edition.cnn.com time to read: +10 min

She knows there’s a bigger pool of experienced workers out there, but she can’t hire them because they are undocumented immigrants. The coalition argues Biden can do more through executive action under current law, including by expanding work permits to spouses of US citizens. All of Indiana dairy farmer Steve Obert's employees are authorized to work, but he is among the business leaders advocating for more work permits for longtime undocumented residents. Courtesy Steve ObertAll of Obert’s 15 non-family employees are foreign born and have work permits. But he knows that undocumented workers contribute a lot to the industry, as well as to the communities where they live.

Persons: Lisa Winton, Winton, Biden, ” Winton, ” Lisa Winton, Joe Biden, Donald Trump, Barack Obama, Trump, , ”, Karoline Leavitt, “, ” It’s, Steve Obert, Jessica Vaughan, Rebecca Shi, ‘, ’ ”, Shi, Vaughan, Tara Watson, Bush, Obama, Kerri Talbot, Trump’s, Steve, ” Obert Organizations: CNN, Winton Machine Company, American Business Immigration Coalition, Employers, Time, Trump, Pew Research Center, Labor, National Agricultural Workers Survey, Center, American, National Milk Producers Federation, Immigration Services, Center for Immigration Studies, Department of Homeland Security, Migration Policy Institute, Williams College, Immigration, Indiana Dairy Producers Locations: Suwanee , Georgia, Winton, Georgia, America, Indiana

☆ London's answer to 'Selling Sunset' has just dropped on Netflix — and it's already getting dragged
▼ + stars: | 2024-05-22 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +3 min

Read previewA new reality show, "Buying London," dropped on Netflix on Wednesday, and it's all about London's luxury real estate market. The show is centered on Daniel Daggers and his team of real estate agents at the property company DDRE Global. Daggers says he's sold over £5 billion ($6.4 billion) of real estate over the course of his 25 years in the industry. And it's also been a success for the real estate agents involved. Mary Fitzgerald, a real-estate agent on "Selling Sunset," previously told BI that she has got more clients since appearing on the show and now sells at higher prices than before.

Persons: —, Daniel Daggers, he's, Ken Griffin, Mr, Lauren Christy, Nicole, Rebecca Nicholson, I'm, Carol Midgley, Rosi Walden, Zoe McConnell, it's, Mary Fitzgerald Organizations: Service, Netflix, DDRE, Business, DDRE Global, Guardian, The Times Locations: London, Mayfair, Holland, The, Los Angeles

☆ Most Americans falsely think the U.S. is in recession, poll shows
▼ + stars: | 2024-05-22 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

More than half of Americans think the United States is in an economic recession, although gross domestic product has been increasing for the past several years. According to a new Guardian/Harris poll, 56% of respondents said they believe the U.S. is in a recession and 58% say that President Joe Biden is responsible for what they see as an economic downturn. A recession is an extended period of economic decline, usually designated when GDP has declined for two or more consecutive fiscal quarters. U.S. GDP growth has been outpacing that of other developed nations. The Guardian/Harris poll is yet another example of an ongoing gap between economic data and economic feelings that has nagged the Biden administration in recent months.

Persons: Kristen Visbal, Harris, Joe Biden, Biden, NBC's Organizations: New York Stock Exchange, Guardian Locations: New York City, United States, U.S, ., America

☆ Kennedy Adviser Leaves Campaign, Citing ‘Hateful and Divisive Atmosphere’
▼ + stars: | 2024-05-22 | by ( Chris Cameron | Rebecca Davis O Brien | ) www.nytimes.com time to read: +1 min

A key adviser to Robert F. Kennedy Jr. is stepping away from his presidential campaign, citing an “increasingly hateful and divisive atmosphere” that “no longer aligns with my values.”Angela Stanton King, the campaign’s adviser for Black engagement, announced her departure in a statement on social media on Tuesday evening, five months after she was added to the campaign’s payroll. In a text message, Ms. Stanton King said she had “switched to an informal role.” Asked for the reason for the switch, she pointed to her statement on social media. “The increasingly hateful and divisive atmosphere no longer aligns with my values.”The Kennedy campaign did not respond to multiple requests for comment. Ms. Stanton King was a high-profile figure in the Kennedy campaign, appearing with Mr. Kennedy and Nicole Shanahan, his running mate, on the campaign trail and addressing crowds at rallies. In Ms. Shanahan’s debut campaign event in Houston this month, Ms. Stanton King spoke at length and introduced the candidate to the crowd, saying, “I don’t fall in love with a lot of people, but I fell in love with Nicole.”

Persons: Robert F, Kennedy Jr, ” Angela Stanton King, Stanton King, ”, I’ve, “, Kennedy, Nicole Shanahan, Shanahan’s, Nicole Locations: Houston

☆ I deleted Gmail and Slack from my phone. I wanted to do better as a parent — but it's also been surprisingly great for my work.
▼ + stars: | 2024-05-22 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +6 min

Read previewThis as-told-to essay is based on a transcribed conversation with Rebecca Cafiero, 44, from Palo Alto, California, about deleting work-related communication apps from her phone. I was on my phone, and my son, who was six then, wanted me to play a game with him. I started by setting screen limits and eventually deleted work-related communication apps from my phone. AdvertisementI used to wake up and check my emails immediately, but I no longer let communication apps control my day. I've since deleted about a third of the apps I used to have on my phone, as I felt I wasn't even using them.

Persons: —, Rebecca Cafiero, Slack, It's, I'd, I'm, it's, I've Organizations: Service, Business, Google Locations: Palo Alto , California, Silicon Valley

☆ Biden and Big Oil Had a Truce. Now, It’s Collapsing.
▼ + stars: | 2024-05-21 | by ( Lisa Friedman | Rebecca Elliott | ) www.nytimes.com time to read: +1 min

Early in his term, President Biden seemed to have struck an uneasy truce with the oil and gas industry. Mr. Biden had imposed restrictions on drilling as part of his ambitious climate agenda, but he also approved an enormous $8 billion oil project in Alaska. The United States had become the world’s leading exporter of natural gas, and no other country in history was pumping more crude. Then, in January, Mr. Biden paused new permits for export facilities for liquefied natural gas. That decision galvanized oil and gas companies against Mr. Biden, according to industry lobbyists, and will be an undercurrent at a fund-raising lunch set for Wednesday in Houston.

Persons: Biden, Donald J, Trump, Mr, “, ”, Thomas J, Pyle Organizations: United, Mr, American Energy Alliance Locations: Alaska, United States, Houston

☆ Trump’s Reported Fund-Raising Tops Biden’s for First Time
▼ + stars: | 2024-05-21 | by ( Rebecca Davis O Brien | Shane Goldmacher | ) www.nytimes.com time to read: 1 min

Former President Donald J. Trump and the Republican Party out-raised President Biden and the Democrats last month for the first time in this election cycle, according to campaign officials, as Mr. Biden’s pace of fund-raising slowed significantly from March. Mr. Trump’s advisers have said privately that his campaign, together with the Republican Party and all of their affiliated committees, raised $76.2 million in April. The Biden campaign said on Monday evening that it had raised $51 million in April with the Democratic National Committee — which was just over half as much as they raised in March, and also a touch less than they raised in February. In filings with the Federal Election Commission on Monday, Mr. Biden’s campaign committee reported taking in $24.2 million in April, compared with $43.8 million in March.

Persons: Donald J, Trump, Biden, Biden’s Organizations: Republican Party, Mr, Democratic National Committee, Federal

☆ Biden takes credit for Target grocery price cuts: 'They're answering the call'
▼ + stars: | 2024-05-21 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden delivers remarks on lowering costs for American families during a visit to Goffstown, New Hampshire, on March 11, 2024. President Joe Biden took a victory lap after Target announced it was lowering prices on groceries and other items — and hopes voters will give him the credit. "President Biden called on grocery chains making record profits to lower prices for consumers — and they're answering the call," the White House wrote in a social media post Monday evening in response to a headline about Target's price cuts. Earlier on Monday, Target announced it would lower prices on roughly 5,000 items, including food items such as bread, fruit, vegetables, milk and meat. "President Biden's top economic priorities are fighting inflation and lowering costs for the American people," White House spokesperson Andrew Bates wrote in a memo Monday.

Persons: Joe Biden, Biden, Biden's, Andrew Bates Organizations: Target, White Locations: Goffstown , New Hampshire

☆ RFK Jr. says he invested $24,000 in GameStop after brief meme stock revival
▼ + stars: | 2024-05-21 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Independent U.S. presidential candidate Robert F. Kennedy Jr. hikes in the Santa Monica Mountains in Los Angeles on March 18, 2024. "My administration will support the Ape retail rebellion and enact aggressive Wall Street reforms," Kennedy Jr. wrote in a social media post. The apes were motivated in part by a desire to buck bearish Wall Street analysts' grim assessments of the companies' long-term prospects. Kennedy Jr. is actively courting undecided voters with a fringe political brand that could appeal to some anti-establishment meme stock investors. Kennedy Jr. has made obscure statements about his investment record.

Persons: Robert F, Kennedy Jr, Joe Biden, Donald Trump, Kennedy, Trump's, Trump Organizations: Independent U.S, GameStop, AMC Locations: Santa Monica, Los Angeles, bitcoin

☆ Why I Quit Goldman Sachs' Rigid, Male-Dominated Culture
▼ + stars: | 2024-05-21 | by ( Lindsay Macmillan | ) www.businessinsider.com time to read: +11 min

The lack of female leadership in the financial industry is nothing new, but many companies have been making strides. But as I watch senior women continue their exodus from Goldman, I'm not sure the company actually wants to change. While many companies have modernized to embrace hybrid and remote work, Goldman has not. Rather than changing its "be in the office every day and grind it out" culture to better suit women, Goldman puts the onus on us to change ourselves to fit the model. But Goldman leadership seems to want the benefits of gender diversity without the hard work of supporting diverse leadership styles.

Persons: Goldman Sachs, —, Dina Powell McCormick, Beth Hammack, Stephanie Cohen, Goldman, I'd, It's, it's, Morgan Stanley, Jamie Dimon, David Solomon, I'm, hadn't, Julia Boorstin, — Goldman, I've, she's, Asahi Pompey, Yassaman Salas, Rebecca Anderton, Davies, Lindsay MacMillan Organizations: Street Journal, Goldman, Citi, JPMorgan, International Workplace, McKinsey, LinkedIn, CNBC, Deloitte, Asahi Locations: Canada, London, New York

Keep reading to learn everything you need to know about how to watch Dune Part Two from home. If you've been waiting to watch (or rewatch) Dune Part Two from the comfort of your home, the time has finally come. ET / 12 a.m. PTHow to watch Dune Part Two in the USDune: Part Two will become available to stream in the US on Max on Tuesday, May 21. This is also where you can stream Dune: Part One and the forthcoming Bene Gesserit prequel series, Dune: Prophecy. How to watch Dune Part Two from anywhereIf you'll be traveling outside the US when Dune: Part Two drops, you can access your subscriptions via VPN.

Persons: Paul Atreides, Frank Herbert Dune, Denis Villeneuve, Rebecca Ferguson, Stellan Skarsgård, Javier Bardem, Austin Butler, Florence Pugh, Anya Taylor, Joy, you've, ExpressVPN, Max, Bene, HBO Max, it's, Max isn't Organizations: Business, Prime, Max, HBO, Warner Bros, Netflix Locations: Zendaya

☆ How Biden is winning over corporate America behind closed doors
▼ + stars: | 2024-05-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden departs the White House in Washington, U.S., for a campaign fundraiser in California, May 9, 2024. President Joe Biden has had it out for corporate America for much of his term. This kind of rhetoric has left some in the corporate community with a sour taste. In response, the business community has repeatedly sued the Biden administration for its regulatory action. "Rich special interests are pushing back to protect their abuses and junk fees," Bates added in the Monday memo, nodding to those lawsuits.

Persons: Joe Biden, Biden, Andrew Bates, Neil Bradley, Bates Organizations: America, Big Pharma, U.S . Chamber of Commerce, CNBC, Commerce, Federal Trade Commission Locations: Washington , U.S, California

☆ I've written guidebooks about Greece for 15 years. Here are the hidden-gem locations you've been missing.
▼ + stars: | 2024-05-20 | by ( Rebecca Hall | ) www.businessinsider.com time to read: +1 min

As a guidebook writer, I've had the opportunity to explore Greece's hidden-gem locations. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhen travelers think about Greece, they probably think of hot spots like Athens, Santorini, and Mykonos. Fortunately, I've spent 15 years writing guidebooks about Greece so I know a lot of great hidden gems. This story is available exclusively to Business Insider subscribers.

Persons: I've, Rhodes, Symi, — Organizations: Service, Business Locations: Peloponnese, Greece, Athens, Santorini

☆ DJT: Trump Media reports $770,500 revenue for first quarter, net loss of $327.6 million
▼ + stars: | 2024-05-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Trump Media & Technology Group, the parent company of Donald Trump's Truth Social platform, disclosed a net loss of $327.6 million in the first quarter of the year, with total revenue at $770,500, according to its earnings report, filed Monday with the Securities and Exchange Commission. "We are particularly excited to move forward with live TV streaming by developing our own content delivery network, which we believe will be a major enhancement of the platform," Nunes added. In April, the company announced that Truth Social would launch a TV streaming platform in three phases, the first for Android, iOS, and Web. In its Q1 report, TMTG said it has signed contracts with its first data center partner, which would host the TV platform, and a hardware vendor to provide equipment.

Persons: Donald Trump, Donald Trump's, Devin Nunes, Nunes, TMTG Organizations: Trump Media & Technology Group, Securities and Exchange Commission, Nasdaq, Android, SEC, BF Locations: Washington ,

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