Seattle, Washington – Princess Cruises invites Seattle locals and visitors alike to look to the skies for a one-night-only Alaska-themed drone show set to illuminate downtown Seattle. Taking place on May 1 at 8:30 p.m., the free public spectacle will be best viewed from Seattle Center’s International Fountain Mall at 305 Harrison Street, where guests can […]
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CEO of Trump’s media company ousted after losing billions
Donald Trump's social media company has ousted its CEO after its share price fell by nearly 75 per cent in just two years.
Devin Nunes, who quit his seat in Congress to take on the role, will be replaced by advisor Kevin McGurn.
"I want to thank Devin Nunes for his dedicated service to the Company over the past four years, and congratulate Kevin McGurn on his appointment as Interim CEO," a statement from Donald Trump Jr said.
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Trump Jr is a board member of the company.
Trump Media and Technology Group (TMTG) was valued at $US10 billion ($14 billion) when it first went public in March 2024.
Now it is valued at just $3.7 billion, little more than a quarter of its initial value.
When the company was launched, they forecast that by 2026 they would have 40 million paying subscribers and $5 billion in annual revenue.
But since going public in March 2024, it has lost more than $1.4 billion.
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"TMTG expects to incur operating losses for the foreseeable future," its annual report read.
"If Truth Social or Truth+ fails to develop and maintain followers or a sufficient audience, or if adverse trends develop for social media platforms or streaming services generally, TMTG's business would be adversely affected."
The annual report also stated that TMTG may need more investment.
Truth Social was touted as a conservative alternative to other social media sites, but it has attracted few prominent users save for Trump himself.
Video streaming platform Truth+ has also not connected with a wider audience.
The platform bills itself as showing "non-woke movies, live TV, Christian content, and more".
Most of the company's shares are still owned by President Trump himself.
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The bulk of the losses come from massive purchases of Bitcoin for a "treasury" to be held by the company.
TMTG bought $3.5 billion in Bitcoin midway through last year.
Since that time, the value of Bitcoin has crashed.
In his time leading the company, Nunes was given a seven-figure salary and tens of millions of dollars in stock.
Before his time in Congress, he had been a dairy farmer and had no experience leading a tech company.
He became known as one of Trump's most enthusiastic supporters in Congress.
He famously sued the holder of a Twitter account pretending to be one of his cows for defamation. The case was dismissed.
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Trinidad: Police officer expected to be charged with murder
PORT OF SPAIN, Trinidad, Apr 22, CMC – The Trinidad and Tobago Police Service (TTPS) Wednesday said that a 28-year-old Municipal Police officer is expected to be charged with the murder of acting Corporal Anusha Eversley as investigations continue into last Sunday’s assault on a police station in San Fernando, south of here, that left […]
Regional electoral officers discussing impact of AI on elections
LONDON, Apr 22, CMC -The London-based Commonwealth Secretariat said that a regional training programme focusing on the growing impact of Artificial Intelligence (AI) on elections, reinforces the Commonwealth’s commitment to supporting resilient and adaptive electoral system across its member countries. The training programme, which end in Trinidad and Tobago on Thursday, has brought together electoral officials from across the Caribbean and […]
US Secretary of State meets with Haitian prime minister
WASHINGTON, Apr 22, CMC – The United States has reaffirmed its commitment to help Haiti deal with its ongoing security concerns and welcomed the deployment of troops with the Gang Suppression Force (GSF). The GSF Haiti is the newly authorised multinational mission by the United Nations Security Council . The 5, 550 strong force which […]
CARPHA holding 70th annual meeting in Guyana
GEORGETOWWN, Guyana, Apr 22, CMC – The 70th annual meeting of the Trinidad-based Caribbean Public Health Agency (CARPHA) began here on Wednesday with Guyana indicating that it is prepared to assist regional countries in the area of telemedicine as well as the implementation of artificial intelligence in healthcare delivery. “Today, in Guyana, we’ve embraced telemedicine because […]
New report urges greater investment in Caribbean countries
PORT OF SPAIN, Trinidad, Apr 22, CMC – A new report is urging greater investment in Caribbean countries to strengthen resilience, close infrastructure gaps and achieve sustainable growth. The joint report by the Inter-American Development Bank Group (IDB Group) and the Organization for Economic Co-operation and Development (OECD) was discussed here on Tuesday during the […]
Guyana: Amazon Warriors to begin GSL title defense against Unicorns
GEORGETOWN, Guyana, Apr 22, CMC – The Lahore Qalandars will take on the Perth Scorchers XI in the opening match of this year’s ExxonMobil Guyana Global Super League (GSL). The GSL officially unveiled the full match schedule for its highly anticipated 2026 edition, which is set to take place at the Guyana National Stadium, Providence, from […]
Strengthening Social Security: Prime Minister Advocates Unity and Long-Term Planning
Basseterre, Saint Kitts, April 22, 2026 – Prime Minister Hon. Dr. Terrance Drew has emphasized the need for collective responsibility as the Federation engages in critical discussions on Social Security reform. He urged political leaders and stakeholders to approach the matter with maturity, objectivity, and a shared commitment to the national interest. Addressing attendees at the […]
Donald Trump’s bid to secure power for his party just backfired big time
In July last year, Donald Trump began a campaign that he hoped would lock up his party's control in Congress.
The president began to pressure states to redraw their congressional districts in a way that would favour Republicans.
Now his move has backfired big time, after Democratic states responded in kind in a way that gives them an advantage.
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Yesterday, voters in the state of Virginia voted yes on a referendum that would allow for the redrawing of the state's maps, in a way that would likely give Democrats several extra seats.
The narrowly-passed referendum would reduce Republican-leaning seats from five to just one.
"While many expected Democrats to roll over and play dead, we did the opposite," party leader Hakeem Jeffries said.
Drawing congressional districts in a way that deliberately swings the outcome is known in the US as gerrymandering.
Unlike in Australia, most US states allow state legislators to draw congressional districts, as well as their own state-level districts.
The party in power in that state then has the power to draw districts in a way that favours them.
The redrawn map drew the ire of Republican Senator Ted Cruz.
"A brazen abuse of power and an insult to democracy," Cruz wrote on X.
"Forty seven per cent of (Virginia) voted Trump. They will now get just 9 per cent of the seats."
Virginia state senator Louise Lucas, who orchestrated the redraw, responded directly.
"You all started it and we f—ing finished it," she said.
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Trump began his gerrymandering campaign by leaning on local politicians in Texas to do so.
"I got the highest vote in the history of Texas, as you probably know, and we are entitled to five more seats," Trump said at the time.
The redrawing of the map split Democratic bastions in Houston, Austin, San Antonio and Dallas so they shared vast swaths of Republican-heavy territory elsewhere.
In response California Governor Gavin Newsom backed a referendum that would allow Democrats to gerrymander there.
The people of California then overwhelmingly voted for a map that cost Republicans five seats.
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A redrawing in Missouri split Kansas City into three in a way that cost Democrats a seat.
And in North Carolina, a marginal Democratic seat was redrawn to favour a Republican.
But this week's result now puts Democrats ahead in the redrawing battle.
Republicans currently hold a four-seat edge in the House of Representatives.
In November's elections, Democrats are now heavily favoured to win thanks to the unpopularity of Trump.
If Democrats take control of the House, they could effectively stymie Trump's legislative agenda and block funding to many of his ambitions, including the war with Iran.
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