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Truth Social's parent company, Trump Media, is reporting a quarterly profit of four hundred and ten million dollars — but the headline buries the real story. Nearly all of that income came from Bitcoin gains, not from the platform itself. Truth Social's stock meanwhile sits more than ninety-four percent below its peak from March of two thousand twenty-four, raising serious questions about what kind of company this actually is.
Turning to the creative tools space, Adobe has launched a mobile version of Premiere aimed squarely at short-form video creators. The free app arrives loaded with hundreds of thousands of licensed tracks from Universal Music Group and Warner Music Group, making it easier to drop polished audio into content destined for TikTok, Instagram Reels, or YouTube Shorts. It's a deliberate play for the creator economy, and a significant licensing deal for both music giants.
And in a story that sits at the intersection of Hollywood and community recovery, the Bay Theater in Pacific Palisades is set to reopen this Friday, screening Johnny Depp's comeback film Ebenezer. Skydance CEO David Ellison has positioned the reopening as a statement of investment in a neighborhood still healing from devastating wildfires earlier this year.
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