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Trump Media Shares Swing Wildly And Then Tumble A Day After Former President Was Convicted

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Trump | AP News Image

Trump Media & Technology Group shares fluctuated wildly after the opening bell Friday, plunging sharply when it looked like the owner of social networking site Truth Social would recover despite former President Donald Trump’s conviction in his hush money trial.

A New York jury convicted Trump guilty of falsifying company records in a conspiracy to illegally influence the 2016 election by paying hush money to a porn performer who claimed the two had sex.

After climbing more than 2% at the start of trading Friday, shares fell 7%, returning to levels seen shortly after the conviction was announced in off-hours trading Thursday evening.

The company, which trades under the ticker symbol “DJT,” has been extremely volatile since its introduction in late March. It joins the ranks of meme stocks that ricochet from highs to lows as small-pocketed investors try to catch an upward momentum swing at the appropriate time.

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Trump | Forbes Image

Trump Media Shares Swing Wildly And Then Tumble A Day After Former President Was Convicted

The stock has tripled this year, with daily double-digit percentage changes either higher or down. On March 26, it peaked at nearly $80 in intraday trading. The S&P 500 is up about 10% year to date.

Before going public, Trump Media warned investors about the possible problems that the former president might have and the negative impact they could have on the company.

“President Donald J. Trump is the subject of several legal procedures, the scope and magnitude of which are unusual for a former President of the United States and current candidate for the position. A poor decision in one or more ongoing judicial processes involving President Donald J. Trump might harm TMTG and its Truth Social platform.

Earlier this month, Trump Media recorded a loss of more than $300 million in its maiden earnings report as a publicly traded firm.

For the three months ended March 31, the firm reported a $327.6 million loss, which includes $311 million in non-cash expenses due to its merger with Digital World Acquisition Corp. DWAC was an example of a special purpose acquisition company, or SPAC, which can provide emerging companies with a faster and easier path to publicly trading their shares while requiring far less scrutiny.

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Trump | CNBC News Image

Trump Media Shares Swing Wildly And Then Tumble A Day After Former President Was Convicted

This month, Trump Media & Technology fired an auditor after federal regulators charged him with “massive fraud.” On May 3, the media corporation fired BF Borgers as its independent public accounting firm, which delayed the publication of its quarterly results report.

Trump Media had previously gone through at least two other auditors, one of whom resigned in July 2023 and another fired by the company’s board in March, just as BF Borgers was being hired again.

Trump was charged with 34 counts of fabricating business documents at his corporation as part of an alleged plot to conceal potentially damaging stories about himself during the 2016 Republican presidential election campaign.

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Trump | CNN News Image

Trump Media Shares Swing Wildly And Then Tumble A Day After Former President Was Convicted

The felony accusation stems from reimbursements paid to then-Trump lawyer Michael Cohen after he made a $130,000 hush money payment to porn actor Stormy Daniels to conceal her claims of an illicit sexual encounter with Trump in 2006. Trump was accused of disguising Cohen’s reimbursements as legal fees to conceal the fact that they were part of a hush money payment.

Trump’s defense argued that Cohen’s payments were for genuine legal services.

SOURCE – (AP)

Kiara Grace is a staff writer at VORNews, a reputable online publication. Her writing focuses on technology trends, particularly in the realm of consumer electronics and software. With a keen eye for detail and a knack for breaking down complex topics, Kiara delivers insightful analyses that resonate with tech enthusiasts and casual readers alike. Her articles strike a balance between in-depth coverage and accessibility, making them a go-to resource for anyone seeking to stay informed about the latest innovations shaping our digital world.

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‘Demon Slayer’, the Final Chapter of the anime series, is in Theaters Now.

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SHUEISHA, Aniplex, ufotable

(VOR News) – The film “Demon Slayer: Kimetsu no Yaiba Infinity Castle” has been purchased by Crunchyroll, and it will be distributed to theaters all around the world as part of a trilogy of films.

The three films will be distributed worldwide by Crunchyroll and Sony Pictures Entertainment, with the exception of specific areas in Asia and Japan being excluded from the distribution. There is no information available regarding the publication dates.

The three-part cinematic features are a representation of the completion of the last arc and the finale of the hugely popular and award-winning anime shonen series.

As Crunchyroll’s president, Rahul Purini stated, “We are delighted to have been a part of the ‘Demon Slayer’ franchise from the very beginning.”

“We appreciate the opportunity to become a part of this franchise.” “Crunchyroll is thrilled to present this trilogy of films to its fans on the big screen, and it is expected to be among the most significant and influential pop cultural events of our generation.”

A manga series based on the work of Gotoge Koyoharu, “Demon Slayer: Kimetsu no Yaiba” has been published by the Jump Comics division of Shueisha since 2018.There have been more than 150 million copies of this collection, which consists of 23 volumes.

Kamado Tanjiro, whose family is killed by a demon, joins the Demon Slayer Corps in order to restore his younger sister Nezuko to her human form after she has become a demon. Here is the beginning of the story.

“Demon Slayer: Kimetsu no Yaiba”‘s “Tanjiro Kamado,

Unwavering Resolve Arc” was the first episode shown in April 2019. A motion picture entitled “Mugen Train” was released in October of 2020, and two television series entitled “Mugen Train Arc” and “Entertainment District Arc” ran in the years 2021 and 2022, respectively. The “Swordsmith Village Arc” was made available on Crunchyroll in the year 2023, little than a year after the theatrical release of “Demon Slayer: Kimetsu no Yaiba – To the Swordsmith Village.”

The “Hashira Training Arc” was made available to the public in the year 2024, not long after the theatrical release of “Demon Slayer: Kimetsu no Yaiba -To Hashira Training.” The animation creation was handled by ufotable.

“To the Swordsmith Village,” “Mugen Train,” and “To the Hashira Training,” the three most recent films, have all been commercially successful and have garnered a lot of positive feedback from audiences.

“Mugen Train” has made more than $500 million to this day, making it the highest-grossing anime film of all time and the highest-grossing Japanese film at the box office around the world. It currently holds the position of being the second highest grossing anime film in the history of the box office in the United States.

Crunchyroll is currently offering “Demon Slayer: Kimetsu no Yaiba” for streaming, and it is currently available for viewing.

In 2021, Sony completed the acquisition of Crunchyroll and then combined it with Funimation, the company’s own anime streaming platform. On the other hand, the firm made the decision to keep the Crunchyroll name and continue to develop it as a streaming and theatrical participant.

The firm is a joint venture between Sony Pictures Entertainment, which is situated in the United States, and Aniplex, which is a subsidiary of Sony Music Entertainment (Japan) Inc. Crunchyroll LLC is a company that operates independently. At the end of the day, both are subsidiaries of the Sony Group, which has its headquarters in Tokyo.

In a separate development, Sony has recently revealed that it will be establishing an institution with the purpose of fostering the creative potential of anime directors.

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BET Awards Return Sunday With Performances From Lauryn Hill, Childish Gambino, Will Smith And More

Will Smith Debuts New Song In Fiery Performance At The BET Awards

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Will Smith Debuts New Song In Fiery Performance At The BET Awards

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Will Smith | CNN Image

Will Smith brought flames and faith to the BET Awards stage on Sunday.

Smith returns to his musical origins with the release of his new single, “You Can Make It.” In the gospel-inspired tune, Smith, accompanied by Fridayy and the Sunday Service Choir, raps about perseverance.

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Will Smith | CNN Image

Will Smith Debuts New Song In Fiery Performance At The BET Awards

“The darker the hell you gotta endure / The brighter the heaven you get to enjoy / The harder the fall, the higher you soar,” Smith rapped as spectacular fire engulfed the stage. His words, a testament to his resilience, echoed through the audience, inspiring them. “God opens a window when the devil closes the door / Believe me, they tried to bleed Will Smith / In the rearview, I see adversity was the gift / To lift me higher gifts requires faith.”

Smith’s performance at the BET Awards follows his surprising Coachella cameo in April when he appeared during J Balvin’s set for a boisterous rendition of his track “Men In Black,” which was first released in conjunction with his smash 1997 film of the same name.

The “Independence Day” star’s new song is his first solo material in nearly five years, a fact that has his fans buzzing with excitement. It marks his first significant release since 2005’s “Lost and Found” album, making it a highly anticipated event in the music world.

Smith has recently collaborated with other musicians, such as Bad Bunny and Marc Anthony. In 2017, he released the EDM single “Get Lit” and the track “Light ‘Em Up” with Sean Paul, which are on the soundtrack for his upcoming film, “Bad Boys: Ride or Die.”

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Will Smith | EW Image

Will Smith Debuts New Song In Fiery Performance At The BET Awards

Smith is a four-time Grammy winner for rap performance, both solo and as part of a duo/group. His first win came in 1988 for the song “Parents Just Don’t Understand,” which he performed with DJ Jazzy Jeff as the Fresh Prince.

The pair also won for their 1992 single “Summertime.” Smith won back-to-back Grammys for rap performance in 1998 with “Men In Black,” followed by “Gettin’ Jiggy with It” the following year.

SOURCE – CNN

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BET Awards Return Sunday With Performances From Lauryn Hill, Childish Gambino, Will Smith And More

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The BET Awards return on Sunday night. The evening will be performance-packed and begin with a blazing set by Megan Thee Stallion, two days after the release of her third studio album.

Taraji P. Henson, an Oscar-nominated performer, will host the performance for the third time at Los Angeles’ Peacock Theatre.

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BET Awards | AP News Image

BET Awards Return Sunday With Performances From Lauryn Hill, Childish Gambino, Will Smith And More

Lauryn Hill and her son YG Marley, Childish Gambino, Ice Spice, Tyla, Chlöe, Coco Jones, Keke Palmer, Marsha Ambrosius, Summer Walker, GloRilla, Latto, Muni Long, Sexyy Red, Shaboozey, and Victoria Monét will also perform. Will Smith will perform a new song, but no specifics have been disclosed. The Grammy and Oscar winner is still recovering from the iconic Oscars slap two years ago, with the successful release of “Bad Boys: Ride or Die” bolstering his recovery. Tanner Adell, a country musician, will also perform on the BET Amplified stage.

The BET Awards will be broadcast live on BET starting at 8 p.m. Eastern from the Peacock Theater in Los Angeles. They will also air simultaneously on Comedy Central, Logo, MTV, MTV2, Pop, TV Land, Nickelodeon at Nite, and VH1.

Drake leads the nominations, exactly as he did last year. These include an album of the year nomination for his eighth studio album, “For All the Dogs.”

BET

BET Awards | AP News Image

BET Awards Return Sunday With Performances From Lauryn Hill, Childish Gambino, Will Smith And More

One of the accolades he’s up for is the music video for “First Person Shooter,” his collaboration with J. Cole, which may have sparked his recent feud with rapper Kendrick Lamar.

Nicki Minaj follows with six, including album of the year for her much-anticipated “Pink Friday 2” release. Two of her nominations were for her song “Barbie World,” which appeared on the hit “Barbie” soundtrack, which she sang with Ice Spice.

J. Cole, Sexyy Red, SZA, and best new artist Grammy winner Victoria Monét all have five nominations, while 21 Savage, Beyoncé, Doja Cat, Megan Thee Stallion, Tyla, and Usher each have four.

Usher will receive the BET Awards’ Lifetime Achievement award, previously granted to Busta Rhymes last year and Sean “Diddy” Combs the year before.

The R&B sensation is an eight-time Grammy winner who recently completed a two-year residency at the Park MGM, “Usher: My Way”. In February, he released his first solo album in eight years, and in August, he will embark on a 24-city U.S. tour dubbed “Past Present Future.”

BET

BET Awards | AP News Image

BET Awards Return Sunday With Performances From Lauryn Hill, Childish Gambino, Will Smith And More

Usher’s 2024 Super Bowl halftime show received critical acclaim and featured guest appearances from Alicia Keys, H.E.R., Jermaine Dupri, Lil Jon, and Ludacris. His album “Confessions” sold over 10 million units in the United States, making it one of the best-selling music projects ever. It produced No. 1 songs like “Yeah!” with Ludacris and Lil Jon, “Burn,” and “Confessions Part II.”

Presenters include Andra Day, Colman Domingo, DC Young Fly, Devale Ellis, Jay Ellis, Jessica Betts, Ms. Pat, Niecy Nash-Betts, and Saucy Santana.

SOURCE – (AP)___

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