Trump Media and Technology Group posts more than $300 million net loss in first public quarter

posted in: News | 0

SARASOTA, Fla. (AP) — Trump Media and Technology Group, the owner of former President Donald Trump’s social networking site Truth Social, lost more than $300 million last quarter, according to its first earnings report as a publicly traded company.

For the three-month period that ended March 31, the company posted a loss of $327.6 million, which it said included $311 million in non-cash expenses related to its merger with a company called Digital World Acquisition Corp., which was essentially a pile of cash looking for a target to merge with. It’s an example of what’s called a special purpose acquisition company, or SPAC, which can give young companies quicker and easier routes to getting their shares trading publicly.

A year earlier, Trump Media posted a loss of $210,300.

Trump Media said collected $770,500 in revenue in the first quarter, largely from its “nascent advertising initiative.” That was down from $1.1 million a year earlier.

“At this early stage in the Company’s development, TMTG remains focused on long-term product development, rather than quarterly revenue,” Trump Media said in its earnings news release.

Earlier this month, the company fired an auditor that federal regulators recently charged with “massive fraud.” The former president’s media company dismissed BF Borgers as its independent public accounting firm on May 3, delaying the filing of the quarterly earnings report, according to a securities filings.

Trump Media had previously cycled through at least two other auditors — one that resigned in July 2023, and another that was terminated its the board in March, just as it was re-hiring BF Borgers.

Shares of Trump Media climbed 36 cents to $48.74 in after-hours trading. The stock, which trades under the ticker symbol “DJT,” began trading on Nasdaq in March and peaked at nearly $80 in late March.

Moose kills Alaska man attempting to take photos of her newborn calves

posted in: News | 0

By MARK THIESSEN (Associated Press)

ANCHORAGE, Alaska (AP) — A 70-year-old Alaska man who was attempting to take photos of two newborn moose calves was attacked and killed by their mother, authorities said Monday.

The man killed Sunday was identified as Dale Chorman of Homer, said Austin McDaniel, a spokesperson for the Alaska Department of Public Safety.

The female moose had recently given birth to the calves in Homer.

“As they were walking through the brush looking for the moose, that’s when the cow moose attacked Dale,” McDaniel said.

The attack happened as the two were running away, he said. The second man, who has not been publicly identified, was uninjured.

That person did not witness the attack, so authorities cannot say if the moose killed Chorman by kicking or stomping him, or a combination.

Medics pronounced Chorman dead at the scene. The cow moose left the area, Alaska State Troopers said in an online post.

In 1995, a moose stomped a 71-year-old man to death when he was trying to enter a building on the campus of the University of Alaska Anchorage. Witnesses said students had been throwing snowballs and harassing the moose and its calf for hours, and the animals were agitated when the man tried to walk past them.

There are up to 200,000 moose in Alaska, a state with a human population of about 737,000.

The animals are not normally aggressive, but can become so if provoked, according to the state Department of Fish and Game’s website.

A cow moose will become very protective over young calves and will attack humans who come too close, the department says.

“Calving season for moose is the time when you definitely want to give them extra space,” McDaniel said. “Cow moose with calves are going to be some of the more aggressive moose you’re going to come in contact with.”

People should not spook the animals or get between a mother and her calves, he said.

“Those moose will become unpredictable and work to protect their calves at any cost,” McDaniel said.

The largest of the deer family, a small adult female moose can weigh up to 800 pounds (363 kilograms), while a large adult male can weigh twice that, according to Fish and Game. The animals can stand almost 6 feet (1.8 meters) tall.

Charges dismissed in attempted murder case outside St. Paul store

posted in: Society | 0

Charges have been dismissed against a man who was accused of shooting a 20-year-old in the face in St. Paul’s North End last year.

Tyrese Alonzo Johnson, 21, of St. Paul, was charged with second-degree attempted murder by drive-by shooting and two counts of second-degree assault with a dangerous weapon in connection with the shooting near Maryland Supermarket and Golden Grill at 444 W. Maryland Ave. on April 6, 2023.

The Ramsey County attorney’s office recently dismissed all the charges, with spokesman Dennis Gerhardstein saying in an emailed statement Monday the shooting was “very violent and traumatic to the victim” and that the prosecutor handling the case “came to the conclusion that the charge cannot be sustained without cooperation and testimony from witnesses and the victim.”

He added, “We hope that by dismissing this case that further investigation can occur and that when the psychological and physical injuries begin to heal and services can be provided to the victim, we will be in a position to move this case forward again.”

Johnson’s attorney did not respond to a request for comment Monday.

Officers were sent to the shooting around 3 p.m. and found 13 spent casings near a parking lot entrance to Maryland Supermarket and Golden Grill.

Soon after, a 20-year-old drove himself to Regions Hospital in a Chevrolet Impala that had a flat front tire, heavy front-end damage and bullet holes in the front windshield and driver’s side. A bullet had entered one side of the driver’s cheek and exited the other.

A 19-year-old also arrived at the hospital in the Impala. He said he and the 20-year-old went to 444 W. Maryland Ave. together, and he spoke to a cousin he saw leaving the store.

He said he got back in the Chevrolet, felt it accelerate and heard gunshots. He felt the shots come through the windshield and he put his head down to avoid being shot. A bullet grazed the back of his head and hospital staff found a bullet fragment in the hood of his sweatshirt.

Police later found a spent bullet, a scale and two bags of suspected marijuana in the car, along with three bags of suspected marijuana in a backpack the 19-year-old had carried.

Surveillance video from the business showed the Chevrolet backed into a parking spot in front of Golden Grill at 2:24 p.m. A Honda Odyssey arrived in the lot about 2:50 p.m., followed by an Infiniti QX60.

The Honda’s driver walked toward the Chevrolet and, within feet of it, pulled a handgun from a satchel. Meanwhile, a man exited the Infiniti’s passenger side and shot at the Chevrolet as it sped out of the lot. The Infiniti passenger continued to fire at the Chevrolet as it fled on Maryland Avenue. Police identified Johnson as the shooter who arrived in the Infiniti, the complaint said.

Related Articles

Crime & Public Safety |


Man fatally shot at Green Line station in St. Paul

Crime & Public Safety |


Man pleads guilty to St. Paul sober house killings

Crime & Public Safety |


Pedestrian in ‘very critical condition’ after being hit by pickup truck in West St. Paul

Crime & Public Safety |


‘An enormous mess’: White Bear Lake man receives nearly 8-year prison sentence for fire that killed mother

Crime & Public Safety |


Crookston police say officers fatally shot a man swinging a hatchet at them

Judge cites error, will reopen sentencing hearing for man who attacked Paul Pelosi

posted in: News | 0

SAN FRANCISCO — A federal judge will reopen the sentencing hearing for the man who broke into Nancy Pelosi’s San Francisco home and bludgeoned her husband with a hammer after the judge failed to allow him to speak during his court appearance last week.

On Friday, District Judge Jacqueline Scott Corley sentenced David DePape to 20 years for attempting to kidnap Nancy Pelosi and 30 years for the Oct. 28, 2022 assault on Paul Pelosi, the maximum for both counts. The sentences would run simultaneously. DePape also was given credit for the 18 months he has been in custody.

But in a court filing over the weekend, Corley said that it was a “clear error” on her part not to allow DePape a chance to make a statement before being sentenced as required by law. She scheduled a new hearing for May 28.

Neither prosecutors nor DePape’s defense attorneys pointed out Corley’s oversight during Friday’s hearing. “Nonetheless, it was the Court’s responsibility to personally ask Mr. DePape if he wanted to speak,” Corley wrote.

Hours after Corley handed down the sentence, prosecutors filed a motion noting that the court failed to offer DePape an opportunity “to speak or present any information to mitigate the sentence” as required by federal rule. They asked the court to reopen the sentencing hearing to allow him that option, saying the court has 14 days to correct a sentence resulting from error.

DePape’s defense, however, said they opposed bringing their client back to court, according to the prosecutor’s filing.

DePape’s defense attorneys appealed the verdict shortly after Friday’s sentencing. Corley gave them until Wednesday to respond to her order to re-open the sentencing hearing.

A jury found DePape, 44, guilty in November of attempted kidnapping of a federal official and assault on the immediate family member of a federal official. Prosecutors had asked for a 40-year prison term.

The attack on Paul Pelosi, who was 82 at the time, was captured on police body camera video just days before the 2022 midterm elections and sent shockwaves through the political world. He suffered two head wounds including a skull fracture that was mended with plates and screws he will have for the rest of his life. His right arm and hand were also injured.

Ahead of the sentencing, one of DePape’s attorneys, Angela Chuang, told the judge to consider the prison terms being given to those who participated in the Jan. 6, 2021, attack on the Capitol.

“The five most serious sentences for people who were convicted of seditious conspiracy, of literally conspiring to overthrow the government, range from 15 to 22 years,” Chuang said.

Corley said the Jan. 6 analogy didn’t adequately reflect the seriousness of breaking into an elected official’s private home. The home attack may have a chilling effect on people seeking office in the future, she said, adding that she believed DePape still poses a danger to society.

“I’ve seen nothing that suggests that if given the opportunity, he would not act again upon his baseless beliefs,” she said.

DePape admitted during trial that he broke into the Pelosis’ home on Oct. 28, 2022, intending to hold the speaker hostage and get her to admit to corruption. “If she lied, I would break her kneecaps,” he said. Nancy Pelosi was not home at the time.

DePape also admitted to bludgeoning Paul Pelosi with a hammer when police showed up, saying his plan to end what he viewed as government corruption was unraveling.

At trial, DePape, a Canadian who moved to the U.S. more than 20 years ago, testified that he believed news outlets repeatedly lied about former President Donald Trump. In rants posted on a blog and online forum that were taken down after his arrest, DePape echoed the baseless, right-wing QAnon conspiracy theory that claims a cabal of devil-worshipping pedophiles runs the U.S. government.

Corley said DePape is being held by U.S. Immigration and Customs Enforcement and will be deported upon completing his sentence.