Stock price drop

Netflix reported higher second-quarter profits driven by new membership signups and price increases, but its shares fell sharply in after-hours trading due to a revenue forecast below analyst expectations. The company's revenue grew 13% to $12.56 billion, and it withdrew its offer to acquire Warner Bros. Discovery's studio and streaming business in February.

Trump's media company plans to sell high-speed access to Truth Social posts, including potentially his own, to institutions for financial market insights. Critics argue this creates a conflict of interest, as Trump, a major shareholder, would directly benefit from expedited information sharing. The service, called Truth PSI, aims to launch soon with pre-registered customers.

Believe founder Pasternak was arrested on assault charges, causing the $313M meme platform's value to drop 99% and face a lawsuit. The incident has triggered significant financial and legal repercussions for the company.