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Mark Zuckerberg and his Ray-Ban entourage have their day in court

Mark Zuckerberg and his Ray-Ban entourage have their day in court

Meta CEO Mark Zuckerberg entered a downtown Los Angeles courthouse in largely the same way as all the attorneys, reporters, and advocates who’d come to watch his landmark trial testimony, but with one notable difference: he was flanked by an entourage that appeared to be wearing Meta’s Ray-Ban smart glasses. To get to the courtroom, he walked past a crowd of parents whose children died after struggling with issues they attribute to the design of social media platforms including those that Meta makes. He would spend the next eight hours often answering questions in his signature matter-of-fact (or less charitably, monotone) cadence, denying his platform was liable for the harms.

Zuckerberg was questioned through the morning session by Mark Lanier, the lead litigator for plaintiff K.G.M. She’s a 20-year-old woman who claims Meta and Google’s design features encouraged her to compulsively use their apps and led to mental health issues, which the companies generally deny. Lanier’s charismatic style, drawing from his other profession as a pastor, was in stark contrast to Zuckerberg’s responses on the witness stand, where he tried to inject nuance into how employees discussed — and sometimes criticized — various safety decisions. At times, Zuckerberg pushed back on Lanier’s characterization of his testimony. “That’s not what I’m saying at all,” he said at one point, according to NPR. Meanwhile, the judge admonished people in the courtroom not to wear Meta’s AI glasses, and that they could be held in contempt of court if they fail to delete any recordings; parents whose children died after experiencing harms they attribute to his platform watched on.

During his time on the stand, Zuckerberg was pressed on both his decisions at Meta and previous public statements. He was asked about alleged contradictions between prior claims that he’d tried to keep kids under 13 from Facebook and Instagram and documents describing the value of getting users on the platforms young. He was also asked to address decisions he had made that would impact young users of his platform, such as his decision to forgo a permanent ban on AR filters that alter users’ faces in ways that simulate cosmetic surgery.

“You don’t really build social media apps unless you care about people being able to express themselves”

Zuckerberg’s answer to the AR filter question helped illustrate one of his go-to strategies: arguing that Meta had made careful decisions to balance free expression against potential harms. During the testimony, Zuckerberg addressed a discussion among Meta executives in 2019 about whether to lift a temporary ban on the filters, which Instagram chief Adam Mosseri was asked about last week. Zuckerberg testified that after reviewing research on the filters’ impact on user wellbeing, he felt that the available evidence of their harm was not compelling enough to justify the tradeoff to limiting a form of speech on the platform. “On some level you don’t really build social media apps unless you care about people being able to express themselves,” Zuckerberg said. “I think we need to be careful about when we say, ‘hey there’s a restriction on what people can say or express themselves.’ I think we need to have quite clear evidence that thing would be bad.”

Zuckerberg ultimately decided to allow creators to make some of the filters, with the exception of things like mimicking nip and tuck lines, but not to recommend them or for Instagram to make them itself.

Lanier suggested that Meta prioritized increasing users’ time spent on the platform rather than wellbeing, but — as he’s long done in other settings — Zuckerberg insisted that Meta has intentionally shifted its internal messaging to focus on increasing product value for users, even if it leads to short-term decline in usage. While some documents showed that employees considered how banning the filters could discourage some users, Zuckerberg said that wasn’t a big factor in his decision since they weren’t hugely popular tools in the first place.

“I don’t have a college degree in anything”

Still, Zuckerberg acknowledged that not everyone on his team agreed with the decision. “You had a set of people who think about wellbeing issues who had some concern that there might be an issue, but weren’t able to show any data that I found compelling that there was enough of an issue to be worth restricting people’s expression,” he said. Lanier showed him an email from another Meta executive who said she respected Zuckerberg’s call, but didn’t agree with it based on the risks and her personal experience with a daughter who experienced body dysmorphia. “There won’t be hard data to prove causal harm for many years,” the executive said.

When Zuckerberg reiterated he didn’t find the available research compelling enough to justify a broader ban, Lanier asked if Zuckerberg had a degree in a variety of professions. “I don’t have a college degree in anything,” Zuckerberg responded.

Zuckerberg’s full-day testimony concluded part of the second week of a trial expected to last at least six. Jurors will soon hear from former Meta employees, including those who disagreed with the company’s approach to teen safety, and executives from YouTube, which is also a defendant in the case.

Parents who watched on from the public seats told reporters that they didn’t feel they learned much new from the testimony, but many said they still felt it important to make their presence known to the CEO. “I think it’s pretty obvious who the parents in the room are, and I hope that when he looks out into that courtroom, because we’re sitting right there, that he sees that and he feels that, because the only way we’re really going to get change from him is when he’s empathetic,” said Amy Neville, whose son Alexander died from fentanyl poisoning at age 14 allegedly facilitated by Snapchat (which settled its part of the K.G.M. case). “When we can touch his empathy, we can get the change that we seek. And so hopefully, maybe we got a little bit of that today. Remains to be seen.”

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#Mark #Zuckerberg #RayBan #entourage #day #court

Garmin now wants to help address through a new initiative in partnership with MyKrida. The company has equipped seven emerging athletes from tribal regions across India with Garmin Forerunner smartwatches to help them access structured performance tracking and training insights.

Garmin Wants to Bring Data-Driven Training to More Athletes

Garmin Partners With MyKrida to Support Grassroots Athletes in India
	
Fitness wearables today are usually marketed toward marathon runners, cyclists, and people already deep into the fitness ecosystem. But for many talented athletes in India, especially those from remote or underrepresented regions, access to proper training tools remains a major challenge. That’s something Garmin now wants to help address through a new initiative in partnership with MyKrida. The company has equipped seven emerging athletes from tribal regions across India with Garmin Forerunner smartwatches to help them access structured performance tracking and training insights.



Garmin Wants to Bring Data-Driven Training to More Athletes







The idea behind the initiative is fairly straightforward. Garmin’s Forerunner smartwatches can track metrics like heart rate, pace, distance, recovery, sleep quality, and training load. For professional athletes, this kind of data is already standard. But for many young athletes in smaller regions, access to these tools can genuinely change how they train. Garmin says the watches are meant to help athletes train smarter and improve consistency through better recovery and performance monitoring rather than simply increasing training intensity.



According to Deepak Raina, Director at AMIT GPS & Navigation LLP:




India has immense untapped athletic potential, particularly in regions where access to structured training tools remains limited. At Garmin, our focus is on enabling athletes with reliable, performance-led technology that brings clarity to how they train, recover, and improve. Through this initiative, we aim to support long-term athletic development and help these athletes compete with greater confidence and consistency.




The on-ground implementation is being managed by MyKrida, which works across grassroots and elite sports development programs in India. The platform focuses heavily on identifying athletes early and connecting them with structured support systems. According to MyKrida founder Shubham Sharma, the collaboration with Garmin helps bring “world-class performance technology directly to these athletes.”

#Garmin #Partners #MyKrida #Support #Grassroots #Athletes #IndiaGarmin

The idea behind the initiative is fairly straightforward. Garmin’s Forerunner smartwatches can track metrics like heart rate, pace, distance, recovery, sleep quality, and training load. For professional athletes, this kind of data is already standard. But for many young athletes in smaller regions, access to these tools can genuinely change how they train. Garmin says the watches are meant to help athletes train smarter and improve consistency through better recovery and performance monitoring rather than simply increasing training intensity.

According to Deepak Raina, Director at AMIT GPS & Navigation LLP:

India has immense untapped athletic potential, particularly in regions where access to structured training tools remains limited. At Garmin, our focus is on enabling athletes with reliable, performance-led technology that brings clarity to how they train, recover, and improve. Through this initiative, we aim to support long-term athletic development and help these athletes compete with greater confidence and consistency.

The on-ground implementation is being managed by MyKrida, which works across grassroots and elite sports development programs in India. The platform focuses heavily on identifying athletes early and connecting them with structured support systems. According to MyKrida founder Shubham Sharma, the collaboration with Garmin helps bring “world-class performance technology directly to these athletes.”

#Garmin #Partners #MyKrida #Support #Grassroots #Athletes #IndiaGarmin">Garmin Partners With MyKrida to Support Grassroots Athletes in India
	
Fitness wearables today are usually marketed toward marathon runners, cyclists, and people already deep into the fitness ecosystem. But for many talented athletes in India, especially those from remote or underrepresented regions, access to proper training tools remains a major challenge. That’s something Garmin now wants to help address through a new initiative in partnership with MyKrida. The company has equipped seven emerging athletes from tribal regions across India with Garmin Forerunner smartwatches to help them access structured performance tracking and training insights.



Garmin Wants to Bring Data-Driven Training to More Athletes







The idea behind the initiative is fairly straightforward. Garmin’s Forerunner smartwatches can track metrics like heart rate, pace, distance, recovery, sleep quality, and training load. For professional athletes, this kind of data is already standard. But for many young athletes in smaller regions, access to these tools can genuinely change how they train. Garmin says the watches are meant to help athletes train smarter and improve consistency through better recovery and performance monitoring rather than simply increasing training intensity.



According to Deepak Raina, Director at AMIT GPS & Navigation LLP:




India has immense untapped athletic potential, particularly in regions where access to structured training tools remains limited. At Garmin, our focus is on enabling athletes with reliable, performance-led technology that brings clarity to how they train, recover, and improve. Through this initiative, we aim to support long-term athletic development and help these athletes compete with greater confidence and consistency.




The on-ground implementation is being managed by MyKrida, which works across grassroots and elite sports development programs in India. The platform focuses heavily on identifying athletes early and connecting them with structured support systems. According to MyKrida founder Shubham Sharma, the collaboration with Garmin helps bring “world-class performance technology directly to these athletes.”

#Garmin #Partners #MyKrida #Support #Grassroots #Athletes #IndiaGarmin

now wants to help address through a new initiative in partnership with MyKrida. The company has equipped seven emerging athletes from tribal regions across India with Garmin Forerunner smartwatches to help them access structured performance tracking and training insights.

Garmin Wants to Bring Data-Driven Training to More Athletes

Garmin Partners With MyKrida to Support Grassroots Athletes in India
	
Fitness wearables today are usually marketed toward marathon runners, cyclists, and people already deep into the fitness ecosystem. But for many talented athletes in India, especially those from remote or underrepresented regions, access to proper training tools remains a major challenge. That’s something Garmin now wants to help address through a new initiative in partnership with MyKrida. The company has equipped seven emerging athletes from tribal regions across India with Garmin Forerunner smartwatches to help them access structured performance tracking and training insights.



Garmin Wants to Bring Data-Driven Training to More Athletes







The idea behind the initiative is fairly straightforward. Garmin’s Forerunner smartwatches can track metrics like heart rate, pace, distance, recovery, sleep quality, and training load. For professional athletes, this kind of data is already standard. But for many young athletes in smaller regions, access to these tools can genuinely change how they train. Garmin says the watches are meant to help athletes train smarter and improve consistency through better recovery and performance monitoring rather than simply increasing training intensity.



According to Deepak Raina, Director at AMIT GPS & Navigation LLP:




India has immense untapped athletic potential, particularly in regions where access to structured training tools remains limited. At Garmin, our focus is on enabling athletes with reliable, performance-led technology that brings clarity to how they train, recover, and improve. Through this initiative, we aim to support long-term athletic development and help these athletes compete with greater confidence and consistency.




The on-ground implementation is being managed by MyKrida, which works across grassroots and elite sports development programs in India. The platform focuses heavily on identifying athletes early and connecting them with structured support systems. According to MyKrida founder Shubham Sharma, the collaboration with Garmin helps bring “world-class performance technology directly to these athletes.”

#Garmin #Partners #MyKrida #Support #Grassroots #Athletes #IndiaGarmin

The idea behind the initiative is fairly straightforward. Garmin’s Forerunner smartwatches can track metrics like heart rate, pace, distance, recovery, sleep quality, and training load. For professional athletes, this kind of data is already standard. But for many young athletes in smaller regions, access to these tools can genuinely change how they train. Garmin says the watches are meant to help athletes train smarter and improve consistency through better recovery and performance monitoring rather than simply increasing training intensity.

According to Deepak Raina, Director at AMIT GPS & Navigation LLP:

India has immense untapped athletic potential, particularly in regions where access to structured training tools remains limited. At Garmin, our focus is on enabling athletes with reliable, performance-led technology that brings clarity to how they train, recover, and improve. Through this initiative, we aim to support long-term athletic development and help these athletes compete with greater confidence and consistency.

The on-ground implementation is being managed by MyKrida, which works across grassroots and elite sports development programs in India. The platform focuses heavily on identifying athletes early and connecting them with structured support systems. According to MyKrida founder Shubham Sharma, the collaboration with Garmin helps bring “world-class performance technology directly to these athletes.”

#Garmin #Partners #MyKrida #Support #Grassroots #Athletes #IndiaGarmin">Garmin Partners With MyKrida to Support Grassroots Athletes in India

Fitness wearables today are usually marketed toward marathon runners, cyclists, and people already deep into the fitness ecosystem. But for many talented athletes in India, especially those from remote or underrepresented regions, access to proper training tools remains a major challenge. That’s something Garmin now wants to help address through a new initiative in partnership with MyKrida. The company has equipped seven emerging athletes from tribal regions across India with Garmin Forerunner smartwatches to help them access structured performance tracking and training insights.

Garmin Wants to Bring Data-Driven Training to More Athletes

Garmin Partners With MyKrida to Support Grassroots Athletes in India
	
Fitness wearables today are usually marketed toward marathon runners, cyclists, and people already deep into the fitness ecosystem. But for many talented athletes in India, especially those from remote or underrepresented regions, access to proper training tools remains a major challenge. That’s something Garmin now wants to help address through a new initiative in partnership with MyKrida. The company has equipped seven emerging athletes from tribal regions across India with Garmin Forerunner smartwatches to help them access structured performance tracking and training insights.



Garmin Wants to Bring Data-Driven Training to More Athletes







The idea behind the initiative is fairly straightforward. Garmin’s Forerunner smartwatches can track metrics like heart rate, pace, distance, recovery, sleep quality, and training load. For professional athletes, this kind of data is already standard. But for many young athletes in smaller regions, access to these tools can genuinely change how they train. Garmin says the watches are meant to help athletes train smarter and improve consistency through better recovery and performance monitoring rather than simply increasing training intensity.



According to Deepak Raina, Director at AMIT GPS & Navigation LLP:




India has immense untapped athletic potential, particularly in regions where access to structured training tools remains limited. At Garmin, our focus is on enabling athletes with reliable, performance-led technology that brings clarity to how they train, recover, and improve. Through this initiative, we aim to support long-term athletic development and help these athletes compete with greater confidence and consistency.




The on-ground implementation is being managed by MyKrida, which works across grassroots and elite sports development programs in India. The platform focuses heavily on identifying athletes early and connecting them with structured support systems. According to MyKrida founder Shubham Sharma, the collaboration with Garmin helps bring “world-class performance technology directly to these athletes.”

#Garmin #Partners #MyKrida #Support #Grassroots #Athletes #IndiaGarmin

The idea behind the initiative is fairly straightforward. Garmin’s Forerunner smartwatches can track metrics like heart rate, pace, distance, recovery, sleep quality, and training load. For professional athletes, this kind of data is already standard. But for many young athletes in smaller regions, access to these tools can genuinely change how they train. Garmin says the watches are meant to help athletes train smarter and improve consistency through better recovery and performance monitoring rather than simply increasing training intensity.

According to Deepak Raina, Director at AMIT GPS & Navigation LLP:

India has immense untapped athletic potential, particularly in regions where access to structured training tools remains limited. At Garmin, our focus is on enabling athletes with reliable, performance-led technology that brings clarity to how they train, recover, and improve. Through this initiative, we aim to support long-term athletic development and help these athletes compete with greater confidence and consistency.

The on-ground implementation is being managed by MyKrida, which works across grassroots and elite sports development programs in India. The platform focuses heavily on identifying athletes early and connecting them with structured support systems. According to MyKrida founder Shubham Sharma, the collaboration with Garmin helps bring “world-class performance technology directly to these athletes.”

#Garmin #Partners #MyKrida #Support #Grassroots #Athletes #IndiaGarmin

In a recent SEC filing, AI Financial has indicated that it may not be able to survive another year writing, “These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date these financial statements are issued.”

AI Financial is a publicly-traded company that serves as a major holder of World Liberty Financial’s WLFI tokens. In its quarterly report for the period that ended March 28th, the company posted a net loss from continuing operations of $271.3 million during the quarter, driven largely by a $348.3 million unrealized loss on its massive WLFI token holdings. The company reported only $4.7 million in revenue for the quarter (all from its fintech segment), and it ended the period with $10.5 million in cash and a $5.5 million working-capital deficit, while burning $12.3 million in operating cash flow.

However, management did also outline several potential paths to stabilize the business in their recent filing. The company had already secured a $15 million loan from World Liberty Financial in late January, providing some short-term breathing room. More importantly, it controls approximately 7.28 billion WLFI tokens, which were valued at about $706 million on the balance sheet at quarter end. Those tokens were acquired in August 2025 and remain subject to contractual lock-up provisions until around August 2026. Once unlocked, the company hopes to monetize portions of the position to cover operating needs, alongside plans for fintech revenue growth and possible additional debt or equity raises. 

The ties between AI Financial and World Liberty Financial run deep. Zachary Witkoff serves as chairman of AI Financial while also acting as CEO and co-founder of World Liberty Financial. Board member Zachary Folkman is another World Liberty Financial co-founder. World Liberty Financial itself holds a substantial stake in AI Financial, including 1 million common shares plus warrants and pre-funded warrants that together represent roughly 46% ownership on a fully diluted basis. Notably, World Liberty Financial is a Trump family project. Donald Trump is listed as co-founder emeritus and chief crypto advocate. His sons Eric Trump, Donald Trump Jr., and Barron Trump are co-founders and actively participate in the venture.

In practice, AI Financial functions as a treasury company for the WLFI token. The strategy mirrors what Michael Saylor has pursued at Strategy with bitcoin, where the public company accumulates and holds the asset as its primary reserve. In AI Financial’s case, the reserve asset is the much newer WLFI token. Critics have occasionally labeled the Strategy approach as resembling a Ponzi scheme because it depends on continued capital raises and asset appreciation to sustain operations. Applying a similar model to WLFI introduces additional layers of risk given the token’s shorter history, higher volatility, and dependence on the success of a single Trump-affiliated crypto project.

Although crypto-related projects reportedly increased the Trump family fortune by $1.4 billion in 2025 alone, a number of these Trump-linked projects have faced trouble this year. Most recently, World Liberty Financial filed a defamation lawsuit against crypto billionaire Justin Sun in Florida after Sun accused the project of improperly freezing his token holdings and pressuring him for further investments. Sun had previously purchased billions of WLFI tokens and served in an advisory role.

According to data from CoinMarketCap, the TRUMP memecoin is down 84% over the past year and World Liberty Financial’s WLFI token is down 73%.

Going forward, a key area of concern for many Trump-affiliated crypto businesses will likely be the potential inclusion of ethics or corruption-related provisions in the crypto regulatory bill known as the CLARITY Act, which is currently making its way through the U.S. Senate. The legislation advanced out of the Senate Banking Committee on a 15-9 vote in mid-May 2026, but several Democrats have signaled they will block final passage unless it includes stronger language that would restrict the president, vice president, and their families from certain digital asset transactions.

Much of the investment into these projects has drawn scrutiny over alleged conflicts of interest, including the pardon granted to former Binance CEO Changpeng Zhao, the administration’s approval of hundreds of thousands of advanced Nvidia AI chips for the United Arab Emirates shortly after a UAE royal invested $500 million in World Liberty Financial, and the aforementioned Sun’s ability to settle a prior SEC enforcement case after pouring an estimated $175 million into Trump-linked crypto tokens.

#TrumpLinked #Crypto #Company #Notes #Substantial #Doubt #Survive #MonthsCryptocurrencies,Donald Trump,World Liberty Financial">Trump-Linked Crypto Company Notes ‘Substantial Doubt’ It Can Survive Another 12 Months
                In a recent SEC filing, AI Financial has indicated that it may not be able to survive another year writing, “These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date these financial statements are issued.” AI Financial is a publicly-traded company that serves as a major holder of World Liberty Financial’s WLFI tokens. In its quarterly report for the period that ended March 28th, the company posted a net loss from continuing operations of 1.3 million during the quarter, driven largely by a 8.3 million unrealized loss on its massive WLFI token holdings. The company reported only .7 million in revenue for the quarter (all from its fintech segment), and it ended the period with .5 million in cash and a .5 million working-capital deficit, while burning .3 million in operating cash flow. However, management did also outline several potential paths to stabilize the business in their recent filing. The company had already secured a  million loan from World Liberty Financial in late January, providing some short-term breathing room. More importantly, it controls approximately 7.28 billion WLFI tokens, which were valued at about 6 million on the balance sheet at quarter end. Those tokens were acquired in August 2025 and remain subject to contractual lock-up provisions until around August 2026. Once unlocked, the company hopes to monetize portions of the position to cover operating needs, alongside plans for fintech revenue growth and possible additional debt or equity raises. 

  Trump says he knows nothing about the 0M Abu Dhabi investment in his family’s WLFI crypto project. “I don’t know about it… my family is handling it.” pic.twitter.com/sBEfXO1FCK — TFTC (@TFTC21) February 2, 2026  The ties between AI Financial and World Liberty Financial run deep. Zachary Witkoff serves as chairman of AI Financial while also acting as CEO and co-founder of World Liberty Financial. Board member Zachary Folkman is another World Liberty Financial co-founder. World Liberty Financial itself holds a substantial stake in AI Financial, including 1 million common shares plus warrants and pre-funded warrants that together represent roughly 46% ownership on a fully diluted basis. Notably, World Liberty Financial is a Trump family project. Donald Trump is listed as co-founder emeritus and chief crypto advocate. His sons Eric Trump, Donald Trump Jr., and Barron Trump are co-founders and actively participate in the venture.

 In practice, AI Financial functions as a treasury company for the WLFI token. The strategy mirrors what Michael Saylor has pursued at Strategy with bitcoin, where the public company accumulates and holds the asset as its primary reserve. In AI Financial’s case, the reserve asset is the much newer WLFI token. Critics have occasionally labeled the Strategy approach as resembling a Ponzi scheme because it depends on continued capital raises and asset appreciation to sustain operations. Applying a similar model to WLFI introduces additional layers of risk given the token’s shorter history, higher volatility, and dependence on the success of a single Trump-affiliated crypto project. Although crypto-related projects reportedly increased the Trump family fortune by .4 billion in 2025 alone, a number of these Trump-linked projects have faced trouble this year. Most recently, World Liberty Financial filed a defamation lawsuit against crypto billionaire Justin Sun in Florida after Sun accused the project of improperly freezing his token holdings and pressuring him for further investments. Sun had previously purchased billions of WLFI tokens and served in an advisory role.

  The perceived corruption associated with the CZ pardon will look even worse if the Samourai Wallet devs aren’t pardoned for similar charges. How much of World Liberty Financial’s USD1 stablecoin does one need to hold to receive a pardon? https://t.co/UwFQgJwhVc — Kyle Torpey (@kyletorpey) November 20, 2025  According to data from CoinMarketCap, the TRUMP memecoin is down 84% over the past year and World Liberty Financial’s WLFI token is down 73%. Going forward, a key area of concern for many Trump-affiliated crypto businesses will likely be the potential inclusion of ethics or corruption-related provisions in the crypto regulatory bill known as the CLARITY Act, which is currently making its way through the U.S. Senate. The legislation advanced out of the Senate Banking Committee on a 15-9 vote in mid-May 2026, but several Democrats have signaled they will block final passage unless it includes stronger language that would restrict the president, vice president, and their families from certain digital asset transactions. Much of the investment into these projects has drawn scrutiny over alleged conflicts of interest, including the pardon granted to former Binance CEO Changpeng Zhao, the administration’s approval of hundreds of thousands of advanced Nvidia AI chips for the United Arab Emirates shortly after a UAE royal invested 0 million in World Liberty Financial, and the aforementioned Sun’s ability to settle a prior SEC enforcement case after pouring an estimated 5 million into Trump-linked crypto tokens.      #TrumpLinked #Crypto #Company #Notes #Substantial #Doubt #Survive #MonthsCryptocurrencies,Donald Trump,World Liberty Financial

a recent SEC filing, AI Financial has indicated that it may not be able to survive another year writing, “These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date these financial statements are issued.”

AI Financial is a publicly-traded company that serves as a major holder of World Liberty Financial’s WLFI tokens. In its quarterly report for the period that ended March 28th, the company posted a net loss from continuing operations of $271.3 million during the quarter, driven largely by a $348.3 million unrealized loss on its massive WLFI token holdings. The company reported only $4.7 million in revenue for the quarter (all from its fintech segment), and it ended the period with $10.5 million in cash and a $5.5 million working-capital deficit, while burning $12.3 million in operating cash flow.

However, management did also outline several potential paths to stabilize the business in their recent filing. The company had already secured a $15 million loan from World Liberty Financial in late January, providing some short-term breathing room. More importantly, it controls approximately 7.28 billion WLFI tokens, which were valued at about $706 million on the balance sheet at quarter end. Those tokens were acquired in August 2025 and remain subject to contractual lock-up provisions until around August 2026. Once unlocked, the company hopes to monetize portions of the position to cover operating needs, alongside plans for fintech revenue growth and possible additional debt or equity raises. 

The ties between AI Financial and World Liberty Financial run deep. Zachary Witkoff serves as chairman of AI Financial while also acting as CEO and co-founder of World Liberty Financial. Board member Zachary Folkman is another World Liberty Financial co-founder. World Liberty Financial itself holds a substantial stake in AI Financial, including 1 million common shares plus warrants and pre-funded warrants that together represent roughly 46% ownership on a fully diluted basis. Notably, World Liberty Financial is a Trump family project. Donald Trump is listed as co-founder emeritus and chief crypto advocate. His sons Eric Trump, Donald Trump Jr., and Barron Trump are co-founders and actively participate in the venture.

In practice, AI Financial functions as a treasury company for the WLFI token. The strategy mirrors what Michael Saylor has pursued at Strategy with bitcoin, where the public company accumulates and holds the asset as its primary reserve. In AI Financial’s case, the reserve asset is the much newer WLFI token. Critics have occasionally labeled the Strategy approach as resembling a Ponzi scheme because it depends on continued capital raises and asset appreciation to sustain operations. Applying a similar model to WLFI introduces additional layers of risk given the token’s shorter history, higher volatility, and dependence on the success of a single Trump-affiliated crypto project.

Although crypto-related projects reportedly increased the Trump family fortune by $1.4 billion in 2025 alone, a number of these Trump-linked projects have faced trouble this year. Most recently, World Liberty Financial filed a defamation lawsuit against crypto billionaire Justin Sun in Florida after Sun accused the project of improperly freezing his token holdings and pressuring him for further investments. Sun had previously purchased billions of WLFI tokens and served in an advisory role.

According to data from CoinMarketCap, the TRUMP memecoin is down 84% over the past year and World Liberty Financial’s WLFI token is down 73%.

Going forward, a key area of concern for many Trump-affiliated crypto businesses will likely be the potential inclusion of ethics or corruption-related provisions in the crypto regulatory bill known as the CLARITY Act, which is currently making its way through the U.S. Senate. The legislation advanced out of the Senate Banking Committee on a 15-9 vote in mid-May 2026, but several Democrats have signaled they will block final passage unless it includes stronger language that would restrict the president, vice president, and their families from certain digital asset transactions.

Much of the investment into these projects has drawn scrutiny over alleged conflicts of interest, including the pardon granted to former Binance CEO Changpeng Zhao, the administration’s approval of hundreds of thousands of advanced Nvidia AI chips for the United Arab Emirates shortly after a UAE royal invested $500 million in World Liberty Financial, and the aforementioned Sun’s ability to settle a prior SEC enforcement case after pouring an estimated $175 million into Trump-linked crypto tokens.

#TrumpLinked #Crypto #Company #Notes #Substantial #Doubt #Survive #MonthsCryptocurrencies,Donald Trump,World Liberty Financial">Trump-Linked Crypto Company Notes ‘Substantial Doubt’ It Can Survive Another 12 MonthsTrump-Linked Crypto Company Notes ‘Substantial Doubt’ It Can Survive Another 12 Months
                In a recent SEC filing, AI Financial has indicated that it may not be able to survive another year writing, “These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date these financial statements are issued.” AI Financial is a publicly-traded company that serves as a major holder of World Liberty Financial’s WLFI tokens. In its quarterly report for the period that ended March 28th, the company posted a net loss from continuing operations of $271.3 million during the quarter, driven largely by a $348.3 million unrealized loss on its massive WLFI token holdings. The company reported only $4.7 million in revenue for the quarter (all from its fintech segment), and it ended the period with $10.5 million in cash and a $5.5 million working-capital deficit, while burning $12.3 million in operating cash flow. However, management did also outline several potential paths to stabilize the business in their recent filing. The company had already secured a $15 million loan from World Liberty Financial in late January, providing some short-term breathing room. More importantly, it controls approximately 7.28 billion WLFI tokens, which were valued at about $706 million on the balance sheet at quarter end. Those tokens were acquired in August 2025 and remain subject to contractual lock-up provisions until around August 2026. Once unlocked, the company hopes to monetize portions of the position to cover operating needs, alongside plans for fintech revenue growth and possible additional debt or equity raises. 

  Trump says he knows nothing about the $500M Abu Dhabi investment in his family’s WLFI crypto project. “I don’t know about it… my family is handling it.” pic.twitter.com/sBEfXO1FCK — TFTC (@TFTC21) February 2, 2026  The ties between AI Financial and World Liberty Financial run deep. Zachary Witkoff serves as chairman of AI Financial while also acting as CEO and co-founder of World Liberty Financial. Board member Zachary Folkman is another World Liberty Financial co-founder. World Liberty Financial itself holds a substantial stake in AI Financial, including 1 million common shares plus warrants and pre-funded warrants that together represent roughly 46% ownership on a fully diluted basis. Notably, World Liberty Financial is a Trump family project. Donald Trump is listed as co-founder emeritus and chief crypto advocate. His sons Eric Trump, Donald Trump Jr., and Barron Trump are co-founders and actively participate in the venture.

 In practice, AI Financial functions as a treasury company for the WLFI token. The strategy mirrors what Michael Saylor has pursued at Strategy with bitcoin, where the public company accumulates and holds the asset as its primary reserve. In AI Financial’s case, the reserve asset is the much newer WLFI token. Critics have occasionally labeled the Strategy approach as resembling a Ponzi scheme because it depends on continued capital raises and asset appreciation to sustain operations. Applying a similar model to WLFI introduces additional layers of risk given the token’s shorter history, higher volatility, and dependence on the success of a single Trump-affiliated crypto project. Although crypto-related projects reportedly increased the Trump family fortune by $1.4 billion in 2025 alone, a number of these Trump-linked projects have faced trouble this year. Most recently, World Liberty Financial filed a defamation lawsuit against crypto billionaire Justin Sun in Florida after Sun accused the project of improperly freezing his token holdings and pressuring him for further investments. Sun had previously purchased billions of WLFI tokens and served in an advisory role.

  The perceived corruption associated with the CZ pardon will look even worse if the Samourai Wallet devs aren’t pardoned for similar charges. How much of World Liberty Financial’s USD1 stablecoin does one need to hold to receive a pardon? https://t.co/UwFQgJwhVc — Kyle Torpey (@kyletorpey) November 20, 2025  According to data from CoinMarketCap, the TRUMP memecoin is down 84% over the past year and World Liberty Financial’s WLFI token is down 73%. Going forward, a key area of concern for many Trump-affiliated crypto businesses will likely be the potential inclusion of ethics or corruption-related provisions in the crypto regulatory bill known as the CLARITY Act, which is currently making its way through the U.S. Senate. The legislation advanced out of the Senate Banking Committee on a 15-9 vote in mid-May 2026, but several Democrats have signaled they will block final passage unless it includes stronger language that would restrict the president, vice president, and their families from certain digital asset transactions. Much of the investment into these projects has drawn scrutiny over alleged conflicts of interest, including the pardon granted to former Binance CEO Changpeng Zhao, the administration’s approval of hundreds of thousands of advanced Nvidia AI chips for the United Arab Emirates shortly after a UAE royal invested $500 million in World Liberty Financial, and the aforementioned Sun’s ability to settle a prior SEC enforcement case after pouring an estimated $175 million into Trump-linked crypto tokens.      #TrumpLinked #Crypto #Company #Notes #Substantial #Doubt #Survive #MonthsCryptocurrencies,Donald Trump,World Liberty Financial

In a recent SEC filing, AI Financial has indicated that it may not be able to survive another year writing, “These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date these financial statements are issued.”

AI Financial is a publicly-traded company that serves as a major holder of World Liberty Financial’s WLFI tokens. In its quarterly report for the period that ended March 28th, the company posted a net loss from continuing operations of $271.3 million during the quarter, driven largely by a $348.3 million unrealized loss on its massive WLFI token holdings. The company reported only $4.7 million in revenue for the quarter (all from its fintech segment), and it ended the period with $10.5 million in cash and a $5.5 million working-capital deficit, while burning $12.3 million in operating cash flow.

However, management did also outline several potential paths to stabilize the business in their recent filing. The company had already secured a $15 million loan from World Liberty Financial in late January, providing some short-term breathing room. More importantly, it controls approximately 7.28 billion WLFI tokens, which were valued at about $706 million on the balance sheet at quarter end. Those tokens were acquired in August 2025 and remain subject to contractual lock-up provisions until around August 2026. Once unlocked, the company hopes to monetize portions of the position to cover operating needs, alongside plans for fintech revenue growth and possible additional debt or equity raises. 

The ties between AI Financial and World Liberty Financial run deep. Zachary Witkoff serves as chairman of AI Financial while also acting as CEO and co-founder of World Liberty Financial. Board member Zachary Folkman is another World Liberty Financial co-founder. World Liberty Financial itself holds a substantial stake in AI Financial, including 1 million common shares plus warrants and pre-funded warrants that together represent roughly 46% ownership on a fully diluted basis. Notably, World Liberty Financial is a Trump family project. Donald Trump is listed as co-founder emeritus and chief crypto advocate. His sons Eric Trump, Donald Trump Jr., and Barron Trump are co-founders and actively participate in the venture.

In practice, AI Financial functions as a treasury company for the WLFI token. The strategy mirrors what Michael Saylor has pursued at Strategy with bitcoin, where the public company accumulates and holds the asset as its primary reserve. In AI Financial’s case, the reserve asset is the much newer WLFI token. Critics have occasionally labeled the Strategy approach as resembling a Ponzi scheme because it depends on continued capital raises and asset appreciation to sustain operations. Applying a similar model to WLFI introduces additional layers of risk given the token’s shorter history, higher volatility, and dependence on the success of a single Trump-affiliated crypto project.

Although crypto-related projects reportedly increased the Trump family fortune by $1.4 billion in 2025 alone, a number of these Trump-linked projects have faced trouble this year. Most recently, World Liberty Financial filed a defamation lawsuit against crypto billionaire Justin Sun in Florida after Sun accused the project of improperly freezing his token holdings and pressuring him for further investments. Sun had previously purchased billions of WLFI tokens and served in an advisory role.

According to data from CoinMarketCap, the TRUMP memecoin is down 84% over the past year and World Liberty Financial’s WLFI token is down 73%.

Going forward, a key area of concern for many Trump-affiliated crypto businesses will likely be the potential inclusion of ethics or corruption-related provisions in the crypto regulatory bill known as the CLARITY Act, which is currently making its way through the U.S. Senate. The legislation advanced out of the Senate Banking Committee on a 15-9 vote in mid-May 2026, but several Democrats have signaled they will block final passage unless it includes stronger language that would restrict the president, vice president, and their families from certain digital asset transactions.

Much of the investment into these projects has drawn scrutiny over alleged conflicts of interest, including the pardon granted to former Binance CEO Changpeng Zhao, the administration’s approval of hundreds of thousands of advanced Nvidia AI chips for the United Arab Emirates shortly after a UAE royal invested $500 million in World Liberty Financial, and the aforementioned Sun’s ability to settle a prior SEC enforcement case after pouring an estimated $175 million into Trump-linked crypto tokens.

#TrumpLinked #Crypto #Company #Notes #Substantial #Doubt #Survive #MonthsCryptocurrencies,Donald Trump,World Liberty Financial

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