I think many are misinterpreting the article. (maybe I am too)
From what I understood, the theory still supports the fact that stars collapse on themselves and gravity is so great that even light cannot escape, but its the part about black holes becoming a singularity and a tear in the fabric of space time which is not supported by the new theory. I think a better title would be "Black Holes do not exist as previously imagined" as they clearly do exist, just not in the form that previous scientific theories predicted.
From what I understood, the theory still supports the fact that stars collapse on themselves and gravity is so great that even light cannot escape, but its the part about black holes becoming a singularity and a tear in the fabric of space time which is not supported by the new theory. I think a better title would be "Black Holes do not exist as previously imagined" as they clearly do exist, just not in the form that previous scientific theories predicted.