Media
Kyrie Irving Imposes ‘Media Blackout,’ Won’t Speak To Reporters This Season – Forbes
NEW YORK, NEW YORK – JANUARY 31: Kyrie Irving #11 of the Brooklyn Nets in action against the … [+]
Getty Images
Kyrie Irving was tentatively scheduled to do a Zoom interview with reporters on Friday, just as Kevin Durant and his other Nets teammates have been doing in recent days.
Now it appears Irving won’t speak to the media at all this season. ESPN’s Brian Windhorst reported on “The Jump” that Irving will conduct a “media blackout” this season, and Irving issued this statement.
Irving, the former St. Patrick (N.J.) High School and Duke star, has had some missteps with the media in the past.
In 2017, when he was with the Cleveland Cavaliers, he claimed that the Earth was flat.
It became a major story and even NBA Commissioner Adam Silver — who, like Irving, went to Duke — was asked to offer his opinion.
“Kyrie and I went to the same college,” Silver said then. “He may have taken some different courses.”
Irving later ended up apologizing for his comments.
“To all the science teachers, everybody coming up to me like, `You know I’ve got to reteach my whole curriculum?’ I’m sorry,” Irving said. “I apologize. I apologize.”
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In October, Irving made some controversial comments about new Nets coach Steve Nash.
“I don’t really see us having a head coach,” Irving said on the podcast, “The ETCs With Kevin Durant.” Referring to Durant, he said, “K.D. could be a head coach. I could be a head coach.”
Speaking this week on a Zoom with reporters, Nash tried to diffuse the situation.
“I read what he said, and I think it was one phrase at the end of a bunch of things he said about being excited — about having me in this position and coaching — and then maybe taken to another level that seemed incredible in headlines, which is fine,” Nash said. “I’m in a fortunate position where I get to coach Kevin Durant and Kyrie Irving. What we’ve dealt here in a short period of time with how we’re going to prep and play is exciting. I’m thrilled to get to coach those guys.
“One statement that I don’t think necessarily was completely — wasn’t meant the way it was taken by the press, that doesn’t bother me at all.”
Without using the words “load management,” Nash also said he would be surprised if Durant or Irving played all 72 games this season. Durant is coming off Achilles surgery, and Irving off shoulder surgery.
Through it all, Irving has continued to financially support his alma mater, now called The Patrick School. In 2018, he funded the renovation of the gym, locker room, weight room and lounge at the school.
He has also mentored younger players, like Seton Hall guard Bryce Aiken and Jonathan Kuminga, the former Patrick School star now with the G League Ignite team, and pledged $1.5 million to WNBA players forgoing last season due to coronavirus or social justice concerns.
Irving, Durant and the Nets open the preseason Dec. 13 against the Wizards and the regular season Dec. 22 at home against the Warriors.
New York
CNN
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Trump Media, the parent company of the former president’s Truth Social, alerted Nasdaq Inc. on Thursday of what the company suspects is illegal activity driving down the price of its shares.
In a letter to the exchange, Devin Nunes, the CEO of Trump Media (DJT), laid out what he believes could be deemed “naked” short selling.
Naked short selling involves someone selling shares they don’t own or have not borrowed. They will often then try to buy shares at a reduced price to cover themselves. This practice is generally illegal. Whereas legitimate short sellers, people who seek to benefit from declines in the value of a company’s shares, borrow the shares before selling.
The letter was made public Friday in a filing with the Securities and Exchange Commission.
Nunes also noted in the letter that shares of the company were on a list the Nasdaq maintains that’s “indicative of unlawful trading activity.”
“This is particularly troubling given that “naked” short selling often entails sophisticated market participants profiting at the expense of retail investors,” he said.
Representatives from Nasdaq and Trump Media did not immediately respond to requests for comment.
The company, which is majority-owned by former President Donald Trump, is down by around 50% from the all-time high it set on March 26, the day after it merged with a blank-check acquisition company to go public.
Shares of company have been on a wild ride since.
Although the company is still worth billions of dollars, it is struggling to make money and needs cash. Experts have warned investors to be careful if they choose to trade the stock, because the company doesn’t have the fundamentals to back up its sky-high valuation.
Trump Media lost $58 million in 2023 and made just $4.1 million in revenue.
Shares of the company ended Friday’s session about 9.6% higher.
This story has been updated with additional developments and context.
CNN’s Nicole Goodkind contributed to this report.
Trump Media & Technology Group said it will issue millions more shares, sending its stock plunging again.
The company behind former President Donald Trump’s Truth Social platform said in a Securities and Exchange Commission filing that it is registering the resale of up to almost 21.5 million new shares of common stock issuable upon the exercise of warrants, up to about 146 million shares of common stock, and up to about 4 million warrants to purchase common stock. Certain shares held by insiders may still be restricted from trading until the expiration of a lock-up agreement 5-6 months after the date of the IPO.
New York
CNN
—
Trump Media, the parent company of the former president’s Truth Social, alerted Nasdaq Inc. on Thursday of what the company suspects is illegal activity driving down the price of its shares.
In a letter to the exchange, Devin Nunes, the CEO of Trump Media (DJT), laid out what he believes could be deemed “naked” short selling.
Naked short selling involves someone selling shares they don’t own or have not borrowed. They will often then try to buy shares at a reduced price to cover themselves. This practice is generally illegal. Whereas legitimate short sellers, people who seek to benefit from declines in the value of a company’s shares, borrow the shares before selling.
The letter was made public Friday in a filing with the Securities and Exchange Commission.
Nunes also noted in the letter that shares of the company were on a list the Nasdaq maintains that’s “indicative of unlawful trading activity.”
“This is particularly troubling given that “naked” short selling often entails sophisticated market participants profiting at the expense of retail investors,” he said.
Representatives from Nasdaq and Trump Media did not immediately respond to requests for comment.
The company, which is majority-owned by former President Donald Trump, is down by around 50% from the all-time high it set on March 26, the day after it merged with a blank-check acquisition company to go public.
Shares of company have been on a wild ride since.
Although the company is still worth billions of dollars, it is struggling to make money and needs cash. Experts have warned investors to be careful if they choose to trade the stock, because the company doesn’t have the fundamentals to back up its sky-high valuation.
Trump Media lost $58 million in 2023 and made just $4.1 million in revenue.
Shares of the company ended Friday’s session about 9.6% higher.
This story has been updated with additional developments and context.
CNN’s Nicole Goodkind contributed to this report.
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