Social Media

Trump Brags that Truth Social is the ‘Voice’ of His ‘Movement’ and Begs His Cult to Support It

Posted by on April 12, 2024 at 1:38 pm. 0 Comments :

Shortly after Donald Trump incited the violent insurrection at the Capitol on January 6, 2021, he was banned from Twitter in order to prevent him from fomenting more riots by spreading more lies about the 2020 presidential election being “rigged and stolen” from him.

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Donald Trump

In retaliation for that preventative measure by the responsible moderators at Twitter at the time, Trump launched his own social media site, Truth Social, that he promised would be a bastion of free speech for everyone. Of course, that was never the purpose of the site. It was always intended to be a platform for Trump to disgorge his rancid rants that consisted almost entirely of attacking his enemies, exalting himself, and funneling cash into his own pockets. The latter of which hasn’t worked out particularly well for him…

SEE THIS: Trump’s Truth Social Craters in First Week of Trading, Auditor Doubts Its Ability to Continue

In the few weeks that the Trump Media and Technology Group (TMTG) stock has been listed on the NASDAQ, it has suffered devastating losses. It has declined 62.5% from the high it hit on its first day of trading. Anyone who invested in it, and didn’t sell on day one, has already lost a bundle. It’s CEO couldn’t account for its flopping on Fox News. And it’s only gonna get worse.

Consequently, Trump is attempting to pump up the stock so that there is something left for him when he is legally able to dump it. Which, barring any favors from the TMTG boar, won’t be for six months. So on Friday morning Trump posted a comment on Truth Social to beseech his glassy-eyed cult disciples to bail him out.

“I am so proud of Truth Social, because I believe it represents the Make America Great Again Movement, and it shows the Spirit and Love of our Country. If people who believe in putting America First and want to Make America Great Again, support TRUTH, we will be your Voice like never before, and a Real Voice is what our Country needs, because we are in decline, and must bring America to Greatness. Think of this as a Movement, the Greatest Movement in the History of our Country. We are going to Save our Country, and Make America Great Again, GREATER THAN EVER BEFORE!”

Let’s set aside the pathetic spectacle of this fake billionaire begging his saps to salvage his sinking social media scam. And never mind the absurdity of Trump praising it as a place that “shows the Spirit and Love of our Country,” when it’s mostly a fetid swamp of hostility and negativity. Even in this comment Trump maligns America as a country “in decline.”

What Trump is actually revealing here is that the site is not, and never was, the Internet “town hall” that he promised. He is now saying explicitly that it is his vehicle to exclusively promote his interests and to advance his “movement.” And therefore, he implores his MAGA minions to “support TRUTH.” In other words, join and prop up his failing business and stock.

So according to Trump, Truth Social isn’t really a free speech platform at all. It’s the PR arm of a partisan movement (aka cult), and slush fund generator for Dear Leader. But if it were truly “the Greatest Movement in the History of our Country,” he wouldn’t have to shamelessly solicit this support, and sponge off of his pitiful flock, and lie about his imaginary success. But then again, when has he ever done anything but that?

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Fox News Host Asks Trump’s Truth Social CEO About its Stock Flop, Gets Babbling Lies in Response

Posted by on April 7, 2024 at 1:04 pm. 2 Comments :

The saga of Donald Trump’s frequent financial failures continues unabated into the 2024 presidential election cycle. The most recent example of a Trump enterprise that is destined to go belly up is his ego-driven social media scam, Truth Social, that he launched after he was banned from Twitter for posting flagrant and dangerous lies.

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Donald Trump, Stock Market

In its short history, the Trump Media and Technology Group (TMTG), which runs Truth Social, has racked up an impressive record of failure. It has lost millions of dollars, been investigated for securities fraud, and seen its early investors arrested for insider trading. And to top it off, its newly listed stock suffered a massive meltdown, resulting in fortunes being lost by Trump’s most devoted supporters.

SEE THIS: Trump’s Truth Social Craters in First Week of Trading, Auditor Doubts Its Ability to Continue

On Sunday morning Devin Nunes, the CEO of TMTG, and former Trump-fluffing GOP congressman, was interviewed by Maria Bartiromo on Fox News. The segment began with a surprisingly accurate summary of the troubles the stock encountered in going public. Bartiromo, ordinarily an ardent purveyor of pro-Trump propaganda, prefaced her interview with some uncharacteristically (for Fox News) factual information (video below)…

“President Trump’s media company has had a volatile two weeks. The stock finished down about 30% this week. The company, which operates Trump’s Truth Social platform, lost $4 billion in market value after gaining six billion in value during its debut on the Nasdaq two weeks ago. For 2023, Trump media posted a loss of $58 million on revenue and $4.1 million in a regulatory filing. The company also disclosed that its auditor had raised concerns about its ability to continue operating before its recent merger and IPO.”

OUCH! Bartiromo then introduced Nunes and asked him pointedly, “When would you expect this company to turn profitable?” Notice that Nunes never comes close to answering the question. Instead, he rambles incoherently about unrelated and/or imaginary obstacles that he says the company has faced. And true to the Trump ethos, the company was a victim of a devious cabal of covert enemies conspiring against it.

“Look, it’s important to remember that those numbers are based on what was the longest IPO in history. So we were over regulated. So if you actually look at the cost we built Truth Social – our beachhead against Big Tech, an impenetrable beachhead that everybody said couldn’t be done without using Big Tech companies – that was built for a fraction of what many of these Big Tech dinosaur companies were built for. So even if you take the ridiculous cost that it took us to get to this point, we are well positioned. Why are we well positioned? Because we have no debt. We’re coming out of this with no debt, a platform that works really, really well, that communicates to millions of people. And then we have $200 million in the bank.”

For the record, it was not the longest IPO in history. And his definition of “over regulated” just means having been required to comply with the same laws that every other company does prior to a stock market listing. If it was launched on the cheap, as Nunes claims, that’s apparent in how often it has crashed, including on the day it premiered on the NASDAQ. So much for it being “a platform that works really, really well.”

As for Nunes’ claims that the company is “well positioned” and free of debt, that reeks of stock fraud considering its huge losses, of which about 67% is interest on outstanding loans. Undeterred by reality, Nunes then unleashes a buzzword salad, saying that he is looking at “the entire ecosystem,” and asserting that the primary question his business is asking is “What does it take to make sure that we protect people in the United States and around the globe from these tyrants of Big Tech who want to silence them?” See? It’s all an altruistic venture for Nunes and Trump.

Of course, Nunes is not alone in his deceitful grifting. Trump has also been pumping this dump of a stock. A few days ago he posted a comment blasting all of his competitors as “those in the Radical Left Democrats Party who are failing at every level.” And he touted Truth Social as “the primary way I get the word out and, for better or worse.” It’s interesting that he acknowledges the “worse” part of that. Then he claimed that “people want to hear what I have to say, perhaps, according to experts, more than anyone else in the World.” And by “experts” he means his MAGA cultists and other assorted rubes, such as his army of disbarred attorneys and the incarcerated January 6th insurrectionists.

If Nunes’ appearance on Fox News is successful in getting some more of their viewers to buy TMTG stock Monday morning, it may get a bit of bounce. But in the end it is still likely to sink to a level approaching the amount of debt that Nunes says the company has – ZERO! And they will get what they deserve for believing an obvious con men.

UPDATE I: Apparently Nunes’ appearance on Fox News was not successful (surprise). Rather than the bounce he hoped for on the Monday morning following his interview, the TMTG stock dived another 10%, putting it down about 55% from it’s high, and below it’s opening price one the first day of trading.

UPDATE II: One week later, the stock is continuing to decline. So the company announced that it is issuing 21.5 million new shares, diluting the value even more.

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Trump’s Truth Social Craters in First Week of Trading, Auditor Doubts Its Ability to Continue

Posted by on April 1, 2024 at 12:30 pm. 4 Comments :

The myth of Donald Trump as a savvy businessman has been circling the drain for decades. In reality he is a nepo-baby who inherited his wealth and promptly lost much of it in failed real estate deals and multiple bankruptcies. He only managed to salvage his reputation by working as a TV game show host for fourteen seasons of “The Apprentice,” where he playacted as a successful and ruthless CEO.

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Donald Trump Circling the Drain

Trump’s latest misadventure in business is his Trump Media and Technology Group (TMTG), a hollow shell of company formed by stealing a Twitter clone’s code and merging with a blank-check place holder on the Nasdaq stock exchange. From its inception it has stumbled through financial and legal sinkholes that would spell doom for any business not fronting for a populist cult leader.

New filings by TMTG show just how dismal the financial condition of the company is. NBC News is reporting that…

“Trump Media and Technology Group, which operates the Truth Social platform, reported it lost $58.2 million in 2023 while generating total revenues of $4.1 million, according to the Monday filing with the Securities and Exchange Commission. Trump Media listed its largest expense for the year as interest payments totaling more than $39 million.”

So TMTG is operating deep in the red, just like most of the red states where Trump’s most devoted disciples reside. And it’s notable that about 67% of the company’s reported expenses are in interest payments. That means they are heavily leveraged with loans that they will likely have trouble repaying considering their feeble revenue. The report went on to reveal even more ominous news, saying that…

“‘The filing includes a note from an independent accounting firm, Colorado-based BF Borgers CPA PC, warning that Trump Media’s ‘operating losses raise substantial doubt about its ability to continue as a going concern.’ The firm has worked with Trump Media since 2022.”

Anyone with even a novice’s knowledge of investing would have recognized that TMTG (with the doom-fated ticker symbol, “DJT”) was a catastrophe waiting to happen. And in its very first week on the stock market, it proved its worthlessness. Following the release of its financial filing the stock nosedived about 20%. It quickly sunk to the level that it priced at on its opening day a week ago. Shareholders who bought in at the beginning lost as much as 38% as the stock dropped from its high of $79.00 to under $50.00.

A lot of the press chatter about the stock has focused on the potential windfall it would present for Trump. At one point he was said to have gained a paper bounty of $6 billion. However, that presupposes that he sells his shares while stock price remains in the stratosphere. Which is a ship that has already sunk.

Furthermore, Trump is bound by a lock-up provision that prohibits him from selling any shares for six months. While the TMTG board – made up of mostly Trump flunkies – could vote to waive that provision, it would still be problematic for him to sell. For one thing, it would immediately tank the share value of the stock. That would impact the holdings of all of the board members and temper any enthusiasm to give Trump a waiver.

What’s more, if the board did give Trump a waiver, it would open the board members up to lawsuits from every other shareholder, including deep-pocketed institutions, who would lose money as a result. It would, therefore be pretty stupid for the board to vote for a waiver that would cost the board members millions and put them in massive legal peril.

Would they do it anyway? Maybe. It is, after all, a cult. And the cult leader gets his way. He is even suing the founders of Truth Social for allegedly mismanaging the company in its early days. Although it is a retaliatory suit, because those founders sued him first for trying to deprive them of the shares they were contractually promised.

In addition to the financial risks for investors. TMTG poses a grave national security risk. Adversarial foreign interests could exploit the stock as a backdoor to funneling money (i.e. bribes) to Trump. Vladimir Putin and/or his Russian oligarchs, Mohammed Bin Salmon, Xi Jinping, and even wealthy, allegedly American billionaires, could simply purchase shares of TMTG to artificially inflate its stock price in exchange for “favors” from Trump.

All of this exposes Trump’s stock as a potentially dangerous vehicle for investors, as well as for all Americans and the sovereignty of the nation. The sooner it flatlines (representing its true value) the better. For the record, here are some other recent stories about Trump’s misadventures in social media and the stock market…

Trump’s Truth Social is Revealed to Be Another Terribly Risky Trump Scam – By Its Own Prospectus
A quick look at the company’s prospectus should frighten off any astute investors. It is exposed as “a high-risk, speculative operation with few hard numbers behind it. It’s already the subject of subpoenas, from regulators and a grand jury, even though it’s barely off the ground.”

Trump’s Truth Social Reports Massive Losses and Warns that it Could Go Out of Business
A Securities and Exchange Commission (SEC) filing by the company reveals its financial frailty. The report paints a pitiful picture of the enterprise’s prospects going forward and reveals that it has lost $31.5 million since it opened for business just two years ago.

Trump’s Truth Social Continues to Collapse as Its Biz Partner Loses Virtually All of its Funding
The funding partner for TMTG said that it will return the remaining $533 million of the $1 billion raised to finance the venture after investors canceled $467 million of commitments.

Trump Crime Syndicate: Investors Arrested for Insider Trading in Failing Truth Social Scam
Trump’s associates in his truthless, anti-social media venture were arrested and charged with insider trading. Reports indicate that “the three individuals together made more than $22 million in illegal profits.”

Truth Social Disease: Ads on Trump’s Twitter Ripoff are Mostly Scams and Trump-Fluffing Merch
Advertisers are afraid of their ads being juxtaposed with hate speech and other noxious content. Consequently, the only advertisers who are willing to shell out are sketchy scammers, conspiracy theorists, and junk peddlers.

LOCK HIM UP: Trump’s TRUTH Social Scam is Being Criminally Investigated By a Federal Grand Jury
In addition to the Grand Jury proceedings, the SEC is investigating whether TMTG and DWAC executives improperly coordinated with each other and engaged in insider trading. They have also partnered with a Chinese firm with a dubious legal past.

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Fox Nation vs. Reality:
The Fox News Cult of Ignorance.

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The Biden-Harris Campaign Exposes the GOP’s Bogus and Failed Biden Probe – on Truth Social

Posted by on March 16, 2024 at 1:20 pm. 1 Comments :

Fourteen months ago Republicans assumed a razor-thin majority in the House of Representatives. What they have done with it since then is a masterclass in incompetence, failure, and humiliation. They have chosen to conduct the business of government in a manner that replicates how Donald Trump conducts business – by driving it into bankruptcy.

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Donald Trump, Congress, Mike Johnson

After taking fifteen votes to select their first Speaker, Kevin McCarthy, the Republicans threw him out after only none months. Then they spent three weeks to select their replacement, Mike Johnson, who was their fourth choice. And throughout all of this infighting and chaos, they have managed to score a modern day record for low productivity, essentially accomplishing nothing on behalf of the people they allegedly represent.

SEE THIS: DO-NOTHING CONGRESS? The Republican House of Representatives is the Most Productive Ever (LOL)

Having nothing affirmative to run on, Republicans decided that their only recourse was to stage phony investigations and baseless impeachment inquiries aimed at smearing President Biden, his family, and other Democrats. But even that has ended in abject failure because of one slight flaw in their strategy: They have absolutely zero evidence of any wrongdoing on Biden’s part. In fact, most of their own witnesses have testified that Biden never engaged in anything improper, much less illegal. Consequently, their defamatory scheme is falling apart and will likely be abandoned. As reported on CNN…

“This is not how Republicans thought their 15 month investigation would be going. When they got the majority, investigating the President and his family was a huge focus, But after 15 months pouring over a hundred thousand bank records, interviewing around 40 people, including the President’s son, Hunter, and brother James, their business associates, Department of Justice officials, IRS whistleblowers, Republicans haven’t found any evidence of wrongdoing by the President, and they don’t have the votes to impeach

To make matters worse for Republicans and Trump, this segment from CNN outlining the failure of the Republican smear job was also posted on Trump’s failing social media scam, Truth Social, by the Biden-Harris campaign. Of course, most of the users of that website won’t care much about reporting from CNN, but it still expands the exposure of this news into territory it might not otherwise reach.

However, the story doesn’t stop with CNN. The futility of the GOP’s fake probes has been so obvious that even Fox News had to acknowledge it. In a segment reporting on the current state of the GOP’s inquisition and the prospects for a Biden impeachment, Fox’s Shannon Bream reported that…

“I think it’s increasingly unlikely…I think Republicans are trying to be realistic with the margins that they have. And the Speaker seems to signaling that ‘maybe we’re not gonna push this to the floor for a vote.'”

That’s right. According to Fox News, the GOP doesn’t even have enough votes among their majority to pass the articles of impeachment that they have been yammering about for nearly a year and a half. To be sure, some of the hardcore deadenders will continue to try to push this nonsense. But they will soon tire of beating that deceased old nag. And when they do, the Biden-Harris account on Truth Social will let all of the Trump cultists know what is actually going on.

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Trump’s Truth Social is Revealed to Be Another Terribly Risky Trump Scam – By Its Own Prospectus

Posted by on February 18, 2024 at 1:08 pm. 4 Comments :

The insufferable saga of Donald Trump’s Truth Social website, and his desperate attempts to remain relevant online since he was booted from Twitter, is continuing to descend ever deeper into an abyss of his own making. And this downward spiraling is accelerating despite his relentless contributions of posts that are primarily incoherent and emotional outbursts of hostility, ignorance, and self-exaltation.

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This week the Securities and Exchange Commission inexplicably approved the merger between Truth Social’s parent company, Trump Media and Technology Group (TMTG), and Digital World Acquisition Corp (DWAC), the shell company that Trump hopes to use to get a stock market listing. That news contributed to DWAC’s stock price tripling since the beginning of the year ($16.00- $48.00). Or maybe it was because the Biden-Harris campaign created a Truth Social account and began posting a few weeks ago.

SEE THIS: The Biden Campaign is Now on Trump’s Truth Social For Your Entertainment Pleasure

However, no one but confirmed Trump Cult devotees should be jumping into this stock if they care about preserving their money. A quick look at the company’s prospectus should frighten off any astute investors. Some of the risks disclosed in the prospectus were reported by MarketWatch

“Truth Social, his would-be Twitter rival, is a high-risk, speculative operation with few hard numbers behind it. It’s already the subject of subpoenas, from regulators and a grand jury, even though it’s barely off the ground. Oh, and Trump is not required to use the social-media site much — if at all — to communicate with the public, notably if voters were to return him to the White House. You buy the stock at your own peril.”

[And…]

“Digital World has been in trouble with the Securities and Exchange Commission, and recently agreed to pay $18 million to settle fraud charges relating to this potential merger.”

[And…]

“A number of companies that were associated with President Trump have filed for bankruptcy…There can be no assurances that TMTG will not also fail.”

The prospectus also discloses the six bankruptcies among Trump’s hotels and casinos, and other business failures, such as his airline, vodka, steaks, mortgage, and travel agency. Also mentioned was his fraudulent university that was ordered to pay $25 million in compensatory damages. The article didn’t mention his bogus charity that was also fined and shuttered.

Furthermore, the prospectus included a section enumerating Trump’s numerous pending criminal cases. The 91 felony charges included everything from financial fraud, to inciting a violent insurrection, to threatening election officials, to stealing (and perhaps disseminating) classified documents. And let’s not forget his being found civilly liable for rape and ordered to pay $354 million for falsifying his financial statements.

MarketWatch noted that TMTG reported a measly 8.9 million users. But that’s okay because it “believes that adhering to traditional key performance indicators, such as signups, average revenue per user, ad impressions and pricing, or active user accounts” is a distraction.

Perhaps they are figuring in Trump’s “brand” value. Although on that measure, the prospectus says that Trump is only “required to post certain of his social-media messages there first…And the Truth Social exclusivity on each post only lasts for six hours. [and he] can even cancel this agreement with 30 days’ notice, ‘at any time on or after February 2, 2025.'” Which is suspiciously just two weeks after Inauguration Day.

The recent surge in DWAC’s stock should be regarded with ample amounts of skepticism. The stock has had similar spikes – and subsequent declines – several times. Investors and Trump Cult disciples who bought in at $170.00 a share are still seriously screwed. But maybe they continue to believe that Trump can earn it all back with his latest business venture: grotesquely gold “Never Surrender” sneakers…

UPDATE: As evidence that Trump will eventually turn on you, no matter who you are and how much you suck up to him, Truth Social co-founders accuse Trump of trying to rip them off in merger.

For the record, here are some other recent stories about Trump’s misadventures in social media and the stock market…

Trump’s Truth Social Reports Massive Losses and Warns that it Could Go Out of Business
A Securities and Exchange Commission (SEC) filing by the company reveals its financial frailty. The report paints a pitiful picture of the enterprise’s prospects going forward and reveals that it has lost $31.5 million since it opened for business just two years ago.

Trump’s Truth Social Continues to Collapse as Its Biz Partner Loses Virtually All of its Funding
The funding partner for TMTG said that it will return the remaining $533 million of the $1 billion raised to finance the venture after investors canceled $467 million of commitments.

Trump Crime Syndicate: Investors Arrested for Insider Trading in Failing Truth Social Scam
Trump’s associates in his truthless, anti-social media venture were arrested and charged with insider trading. Reports indicate that “the three individuals together made more than $22 million in illegal profits.”

Truth Social Disease: Ads on Trump’s Twitter Ripoff are Mostly Scams and Trump-Fluffing Merch
Advertisers are afraid of their ads being juxtaposed with hate speech and other noxious content. Consequently, the only advertisers who are willing to shell out are sketchy scammers, conspiracy theorists, and junk peddlers.

LOCK HIM UP: Trump’s TRUTH Social Scam is Being Criminally Investigated By a Federal Grand Jury
In addition to the Grand Jury proceedings, the SEC is investigating whether TMTG and DWAC executives improperly coordinated with each other and engaged in insider trading. They have also partnered with a Chinese firm with a dubious legal past.

Be sure to visit and follow News Corpse
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And check out my books on Amazon:

Fox Nation vs. Reality:
The Fox News Cult of Ignorance.

Thanks so much for your support.

Trump’s Truth Social Reports Massive Losses and Warns that it Could Go Out of Business

Posted by on November 14, 2023 at 12:27 pm. 7 Comments :

When Donald Trump announced the launch of Truth Social he boasted that it would be bigger and better than anything that had come before it, including Twitter (which some call “X”), the platform that had banned him for trying to incite a violent insurrection. To put it mildly, Truth Social has not lived up to the hype.

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Donald Trump Circling the Drain

The failure of Truth Social doesn’t come as a surprise to anyone who has tracked Trump’s record in business. He has left a trail of bankruptcies, closures, lawsuits, and fraud for decades. And true to form, his Trump Media & Technology Group (TMTG) has produced a website that is neither truthful nor social. In fact, it’s become something of a joke…

SEE THIS: The Biden Campaign is Now on Trump’s Truth Social For Your Entertainment Pleasure

The latest dire news about Truth Social comes from a Securities and Exchange Commission (SEC) filing by the company that reveals its financial frailty. The report paints a pitiful picture of the enterprise’s prospects going forward and reveals that it has lost $31.5 million since it opened for business just two years ago.

“Since launching, former President Donald Trump‘s Truth Social and its parent company Trump Media and Technology Group took in $3.7 million in net sales, and lost tens of millions of dollars.

“The numbers are the first time that any internal financial details on the social platform have been shared publicly, and they suggest that while Trump has made Truth Social his primary social media platform, it has not been translating into meaningful revenue for the tech startup, which is owned by Trump Media & Technology Group (TMTG). […]

“The financial situation of TMTG is such that ‘TMTG’s independent registered public accounting firm has indicated that TMTG’s financial condition raises substantial doubt as to its ability to continue as a going concern,’ according to the filing.”

The filing also notes that “management has substantial doubt that TMTG will have sufficient funds to meet its liabilities,” and that “it may be difficult to raise additional funds.” That’s largely due to the breakdown of TMTG’s plan to merge with Digital World Acquisition Corp (DWAC), a special purpose acquisition company that they hoped would lead to a listing on the stock exchange and a billion dollars in pledged investments. That deal has not only gone south – along with the pledged investments – but DWAC has been tangled up in legal probes alleging fraud and misconduct.

Furthermore, Trump’s latest financial disclosure form reveals that his 90% controlling stake in TMTG is now valued at between $5-$25 million. That’s a decline of more than 97% from the $875 million the venture was valued at when it was announced. And given the brief history of this boondoggle, he’s lucky to have that. It was a scam from the start, and Trump knew it. He even removed himself and Don Jr from the board of TMTG just weeks before subpoenas were served.

Meanwhile, here’s a few recent stories about Trump’s misadventures in social media…

Trump’s Truth Social Continues to Collapse as Its Biz Partner Loses Virtually All of its Funding
The funding partner for TMTG said that it will return the remaining $533 million of the $1 billion raised to finance the venture after investors canceled $467 million of commitments.

Trump Crime Syndicate: Investors Arrested for Insider Trading in Failing Truth Social Scam
Trump’s associates in his truthless, anti-social media venture were arrested and charged with insider trading. Reports indicate that “the three individuals together made more than $22 million in illegal profits.”

Trump’s Truth Social CEO Whines that Shareholders in His Alt-Twitter Scam Are Being Wiped Out
Nunes visited Newsmax to swing open his tear ducts with mournful moaning about the catastrophic business for which he is the chief executive.

Trump Made Less than $200 on Truth Social According to His FEC Financial Disclosure
As for Trump, he was reported to own 90% of TMTG, which earned him less than $200 according to his financial disclosure. That’s hardly representative of the huge success that Trump has claimed Truth Social to be.

Trump’s ‘Truth Social’ Faces Legal and Financial Turmoil Amid Disclosures of Russian Funding
The report notes that the sources of the funding include the off-shore Paxum Bank, based in the Caribbean island nation, Dominica. It is notorious for “providing banking services for the pornography and sex worker industries, which makes it higher risk of engaging in money laundering and other illicit financing.”

Truth Social Disease: Ads on Trump’s Twitter Ripoff are Mostly Scams and Trump-Fluffing Merch
Advertisers are afraid of their ads being juxtaposed with hate speech and other noxious content. Consequently, the only advertisers who are willing to shell out are sketchy scammers, conspiracy theorists, and junk peddlers.

LOCK HIM UP: Trump’s TRUTH Social Scam is Being Criminally Investigated By a Federal Grand Jury
In addition to the Grand Jury proceedings, the SEC is investigating whether TMTG and DWAC executives improperly coordinated with each other and engaged in insider trading. They have also partnered with a Chinese firm with a dubious legal past.

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And check out my books on Amazon:

Fox Nation vs. Reality:
The Fox News Cult of Ignorance.

Thanks so much for your support.

The Biden Campaign is Now on Trump’s Truth Social For Your Entertainment Pleasure

Posted by on October 16, 2023 at 1:27 pm. NO Comments :

President Biden has been extraordinarily busy in the past couple of weeks. He has been struggling to do the people’s business while the utterly inept Republicans in Congress have crippled the legislative branch with their failure to complete the most common tasks, such as electing electing a Speaker or proposing a platform.

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Donald Trump, Joe Biden

Furthermore, the attack on Israel by the Hamas terrorists has understandably consumed a significant portion of Biden’s time. That’s in addition to the administration’s efforts on behalf of Ukraine, the delicate relations with China, the diplomacy with our international allies, and the many domestic matters that crowd the White House calendar.

Meanwhile, Republicans continue to fritter away their days with purely political posturing and pettiness. Their legislative agenda consists of little more than sham investigations of Hunter Biden and phony “weaponization of government” hearings, that are the true perpetrators of government weaponization. And amidst all of that, their Dear Leader, Donald Trump, remains devoted to doing nothing but posting inanities on his Truth Social scam that is getting closer to bankruptcy every day.

SEE THIS: Trump’s Truth Social Continues to Collapse as Its Biz Partner Loses Virtually All of its Funding

Since the GOP cult is so fixated on Trump and his mindless musings online, the Biden campaign has decided that if you can’t tweet them, why not troll the heck out of them on their own turf. Consequently, they have created an account on Truth Social where they can post some actual truths for the MAGA disciples to ignore and/or freak out about. Here are the first few posts by the Biden campaign that are getting in Trump’s face on his own website…

By contrast, at the same time Trump was posting his dismay at being told by a judge that he cannot continue to intimidate court officials and witnesses. He raged that “A TERRIBLE THING HAPPENED TO DEMOCRACY TODAY – GAG ORDER!” Actually, it’s precisely the same treatment that any other belligerent defendant would get. But in Trump’s perverse perspective it warrants the following bizarre run-on sentence that exhibits just how mentally disturbed he is…

“A Leaking, Crooked and Deranged Prosecutor, Jack Smith, who has a terrible record of failure, is asking a highly partisan Obama appointed Judge, Tanya Chutkan, who should recuse herself based on the horrible things she has said, to silence me, through the use of a powerful GAG ORDER, making it impossible for me to criticize those who are doing the silencing, namely Crooked Joe Biden, and his corrupt and weaponized DOJ & FBI.”

Biden campaign officials told Fox News that “There’s very little ‘truth’ happening on Truth Social, but at least now it’ll be a little fun.” And a statement by Trump campaign spokesperson Steven Cheung, said that, “Crooked Joe Biden and his team are finally acknowledging that Truth Social is hot as a pistol and the only place where real news happens.”

Not exactly. What Biden and his team are acknowledging is that there is a rich mine of troll worthy malarkey on Truth Social and they aim to take full advantage of it. At least until they get banned. It’s not unlike the recent video of Marjorie Taylor Greene itemizing what she considered to be criticisms of Biden’s agenda, but which the Biden campaign reposted verbatim with pride for the broadly popular accomplishments they achieved in their first two years.

UPDATE: Biden Campaign Surpasses Trump Campaign In Followers On Truth Social In Two Days

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Trump Crime Syndicate: Investors Arrested for Insider Trading in Failing Truth Social Scam

Posted by on June 30, 2023 at 11:59 am. 7 Comments :

The criminal tendencies of Donald Trump and his felonious fellowship continues to be exposed by law enforcement authorities who have still only scratched the surface of his nefarious and rampant wrongdoing. He has demonstrated for decades his conviction that he is above the law and entitled to violate it whenever it suits him.

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Trump is currently awaiting trial on more than 60 felony counts resulting from his criminal activities. The charges pending against him range from falsifying business records, to unlawful possession of classified documents, to obstruction of justice, and much, much more. This is the behavior of a mob boss bent on building an organized crime operation, even if he isn’t particularly good at it.

RELATED: Scared and Desperate Trump Begs Congress to Save Him From the Meanies Prosecuting His Crimes

On Thursday it was reported that Trump’s associates in his truthless, anti-social media venture, “Truth Social,” were arrested and charged with insider trading. According to CNN…

“Federal prosecutors arrested three investors on Thursday on insider trading charges related to a deal to take former President Donald Trump’s media business public.

According to the indictment, the three individuals together made more than $22 million in illegal profits in October 2021 by purchasing shares in Digital World Acquisition Corporation (DWAC) after secretly learning about the blank-check firm’s plan to buy Truth Social owner Trump Media & Technology Group (TMTG).”

Shortly after Trump’s Truth Social was announced, it was tied to the special purpose acquisition company (SPAC), DWAC. The law prohibits SPACs from discussing potential acquisition targets prior to their formation. But obviously the word about the Trump connection got out. The stock immediately ran up to $175.00, which is where the indicted investors bailed out with huge gains. The stock now sits at about $12.00.

There are reasons that the stock has cratered. The whole enterprise is a sham that is failing pitifully. It cannot grow its user base or attract advertising. Meanwhile, the reputation for illegal activity on Trump’s part has been evident in the affairs of his Truth Social disease. What follows are a just a few of the licentious legal landmarks for the illicit enterprise:

Trump Files Ludicrous Lawsuit Against the Washington Post for Defaming His Truth Social Scam
Trump has no basis for this suit. For one thing, he is constantly claiming that his Pravda Social is a massive success, greatly eclipsing Twitter. Also, it’s hard to defame a business that began as a fraud and went downhill from there.

Trump’s Truth Social CEO Whines that Shareholders in His Alt-Twitter Scam Are Being Wiped Out
Nunes visited Newsmax to swing open his tear ducts with mournful moaning about the catastrophic business for which he is the chief executive.

Trump Made Less than $200 on Truth Social According to His FEC Financial Disclosure
As for Trump, he was reported to own 90% of TMTG, which earned him less than $200 according to his financial disclosure. That’s hardly representative of the huge success that Trump has claimed Truth Social to be.

Trump’s ‘Truth Social’ Faces Legal and Financial Turmoil Amid Disclosures of Russian Funding
The report notes that the sources of the funding include the off-shore Paxum Bank, based in the Caribbean island nation, Dominica. It is notorious for “providing banking services for the pornography and sex worker industries, which makes it higher risk of engaging in money laundering and other illicit financing.”

Truth Social Disease: Ads on Trump’s Twitter Ripoff are Mostly Scams and Trump-Fluffing Merch
Advertisers are afraid of their ads being juxtaposed with hate speech and other noxious content. Consequently, the only advertisers who are willing to shell out are sketchy scammers, conspiracy theorists, and junk peddlers.

LOCK HIM UP: Trump’s TRUTH Social Scam is Being Criminally Investigated By a Federal Grand Jury
In addition to the Grand Jury proceedings, the SEC is investigating whether TMTG and DWAC executives improperly coordinated with each other and engaged in insider trading. They have also partnered with a Chinese firm with a dubious legal past.

As a bonus, it turns out that Trump bailed on his crooked company just weeks before subpoenas were served. He removed himself and Don Jr from the board of TMTG and is no longer named as the company’s chairman. But if he thinks that will enable him to escape legal liability, he’s going to be sorely disappointed.

UPDATE July 7: DWAC and the SEC have reportedly reached an agreement regarding the company’s merger deal with TMTG. According to CNN, “If it’s approved, the SEC will enter a cease-and-desist order with the company, finding DWAC violated ‘antifraud provisions’ connected to initial public offering filings. [and] If DWAC amends its IPO filings, it will have to pay the SEC an $18 million civil penalty after the closing of any merger deal.”

UPDATE August 4: DWAC’s auditor has resigned, signaling deeper problems with the SPAC’s finances. They now need to find another auditor before they can complete their deal with Trump Media, which increasingly looks like it may never go through at all.

UPDATE August 10: DWAC has again extended their deadline to complete the merger with Trump’s TMTG. The new so-called deadline is December 31, more than two years later than the original completion date.

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Tucker Carlson Paints Trump as a Messianic Victim of False Apostles in His 3rd Twitter Tirade

Posted by on June 14, 2023 at 12:05 pm. 5 Comments :

The continuing saga of Tucker Carlson is unfolding in his third installment of “Tucker on Twitter,” the social media replacement for his canceled White Supremacist Hour on Fox News. The Twitter show thus far has consisted of poorly produced, ten minute disgorgements of Carlson’s inbred hate and conservative crackpottery. The new episode is more of the same.

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Carlson’s new chapter may be even cheesier than the previous ones. He rambled for 13 interminably tedious minutes about his theory that the reason people hate Trump is because he was a peacenik who took on the war mongers of Washington. Carlson based this blather on a few seconds of Trump criticizing the war in Iraq during a 2015 Republican primary debate. And for this Carlson is risking millions of dollars in defiance of a Fox News demand to “cease and desist.

SEE THIS: Fox News Sends Tucker Carlson a Letter to Cease and Desist From His Twitter Rant-Cast

According to Carlson, Trump’s alleged antiwar stance launched eight years of unyielding animus toward Trump. Carlson is oblivious to the fact that millions of people have actually long despised Trump for his bigotry, dishonesty, and policies that hurt middle and low income Americans, and enriched corporations and the wealthy. Most people probably have no recollection of the sound bite that Carlson plucked from nearly a decade ago.

Carlson doesn’t explain why there was no such contempt for everyone else who held antiwar views way before Trump. Democrats and progressives opposed the war in Iraq and castigated the Bush administration’s false allegations of “weapons of mass destruction” long before Trump adopted it merely as a cudgel with which to bash his primary opponent, Jeb Bush.

Somehow, Carlson spins this nonsense into an incoherent defense of Trump, who he says must now be forgiven for the completely unrelated crimes of having stolen hundreds of sensitive national security documents, stashed them in bathrooms and ballrooms around his Mar-a-Lago home/hotel, defied subpoenas, obstructed justice, and lied to the FBI and other law enforcement authorities.

REALTED: Trump and His MAGA Minions in Media and Congress Go BONKERS Over His Criminal Indictments

After his perversely twisted introduction, Carlson got into what really irked him: people who he believes were deceptive and insincere Trump supporters (video here, if you can stomach it)…

“They ran toward Trump, not away from him. They sucked up to him to him. They ingratiated themselves to the man they intuitively understood was susceptible to flattery. Which Trump is. And they did this in order to subvert his new administration from the inside. There were a number of these, and you could spot them immediately.”

It’s impossible not to notice that Carlson is describing virtually everyone in the Republican caucuses in Congress and on Fox News and other right-wing media. And, of course, himself. What’s more, Carlson is conceding that Trump is “susceptible to flattery,” which makes him an easy mark for political shenanigans. A puppet for other GOP operatives to control. Even worse, it makes him a national security risk, because it isn’t just all of these domestic suck ups that were able to manipulate Trump, but every foreign leader, friend and foe. Carlson continued…

“They were flatterers. Invariably the ones who flattered Trump the most, hated him the most and disagreed the most strongly with his views. You saw them in the hallways of the White House and at press conferences. They were there slobbering over their boss with elaborate self-abasement as if they were addressing a monarch or a god. It was a scene from the Ottoman Court. And it was filthy and decadent, and it was false. Mike Pence, Nikki Haley, Mike Pompeo, Lindsey Graham in the Congress. They all called Trump a visionary genius up until the moment he lost power.”

Well said, Tuckems. Except that you left out a particularly notorious and unscrupulous Trump-fluffer – Tucker Carlson. After all, you frequently “slobbered” over Trump publicly but, as we learned in the Dominion Voting Systems defamation lawsuit, you privately said that you “hated him passionately” and called him a “demonic force.” Carlson, however, correctly characterizes Trump as the leader of a “filthy and decadent” cult that worships him.

SEE THIS: In Dominion v Fox News, Network Cries ‘We Can’t Make People Think We’ve Turned Against Trump’

Carlson’s Twitter show is proving to be as nauseating and deceitful as his Fox News show. At least it is much shorter in duration, minus his noxious guests, and confined to his Twitter account, where it is being mostly ignored. Don’t be fooled by his boasting about the “views” it racks up. Those numbers are grossly misunderstood. Views on Twitter are not comparable to viewers on television, as explained by Aidan McLaughlin, the Editor in Chief of Mediaite…

“According to Twitter, if you watch a video for two seconds, with only half the video player in-view, you count as one video view. The tweet view metric is even less valuable. It merely counts how many people viewed the tweet, so if you scrolled past Carlson’s video on Twitter, you counted as one of the 114 million. […] If you scrolled past the tweet multiple times, you counted more than once.”

The good news is that, like Glenn Beck, Bill O’Reilly, and Megyn Kelly before him, post-Fox Carlson is sinking into oblivion. Right where he belongs.

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Trump Files Ludicrous Lawsuit Against the Washington Post for Defaming His Truth Social Scam

Posted by on May 22, 2023 at 12:53 pm. 3 Comments :

The only business activity that Donald Trump has ever demonstrated any commitment to is baseless and bitter litigation against other enterprises that he is unable to compete with honestly, or simply refuses to deal with fairly. His lawsuits are not much more than personal attacks on anyone he can’t bully into submission.

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Donald Trump

Among the targets of Trump’s pathological litigiousness are media outlets that he believes have blasphemed him or failed to appreciate his divine infallibility. More often than not, his efforts have led to legal humiliation as the cases are dismissed or dropped or lost outright. Which is the likely outcome of his latest loopy lawsuit.

The Trump Media and Technology Group (TMTG), the parent company of his floundering Twitter ripoff, Truth Social, has just announced that it is suing the Washington Post for $3.7 billion dollars for defamation, a figure far in excess of what Trump’s anti-social media firm is actually worth.

Trump has no basis for this suit. For one thing, he is constantly claiming that his Pravda Social is a massive success, greatly eclipsing Twitter. Also, it’s hard to defame a business that began as a fraud and went downhill from there. Nevertheless, according to reports…

“The lawsuit, filed by Trump Media & Technology Group Corp (TMTG) in Florida’s Sarasota County, claims that a 13 May article that alleged the company may have committed securities fraud was false and defamatory, and posed an ‘existential threat.’

“The article titled ‘Trust linked to porn-friendly bank could gain a stake in Trump’s Truth Social’ alleged that the company had concealed key details about a proposed merger from the Securities and Exchange Commission and shareholders, citing internal documents provided by a whistleblower.”

Right off the bat, Trump’s lawsuit is invalid. He cannot claim defamation if the Post reported that TMTG, which is being investigated by the Securities and Exchange Commission (SEC), “may have committed securities fraud.” That’s an accurate presentation of facts. Furthermore, the Post is merely reporting what is happening as sourced to a whistleblower from within TMTG.

Among other things, the SEC is probing TMTG and Digital World Acquisition Corp (DWAC), the shell company that TMTG is using to get a place on the stock exchange, for possible insider trading and stock fraud. Trump’s operation is also the subject of a Grand Jury investigation in New York. What’s more, it was recently revealed that Truth Social may have violated money laundering statutes in connection with the acceptance of $8 million in Russian funds connected to Vladimir Putin.

The litany of lawsuits by Trump & Co. have not only named the Washington Post, but also the New York Times, CNN, and others. He has even sued the board of the Pulitzer Prize committee to demand that they revoke awards given to the Post and the Times for their accurate reporting on his unsavory associations with Russia and Putin’s assistance during his presidential campaigns. For a primer on Trump’s legal maneuvers, see the following…

Trump’s ‘Truth Social’ Faces Legal and Financial Turmoil Amid Disclosures of Russian Funding
The report notes that the sources of the funding include the off-shore Paxum Bank, based in the Caribbean island nation, Dominica. It is notorious for “providing banking services for the pornography and sex worker industries, which makes it higher risk of engaging in money laundering and other illicit financing.”

Trump Sues the Pulitzer Prize Board for Honoring Accurate Stories of His Russian Collusion
The Pulitzer Board had an independent review conducted after receiving a demand from Trump to rescind the awards. That review found that “no passages or headlines, contentions or assertions in any of the winning submissions were discredited by facts that emerged subsequent to the conferral of the prizes.”

After Goofy Lawsuit Against CNN, Trump Threatens More Suits, Including the January 6th Committee
The crux of Trump’s complaint is that CNN’s use of labels describing him as a “racist,” “Russian lackey,” “insurrectionist,” and comparable to Hitler are defamatory. Apparently his lawyers have not advised him that the truth is a solid defense against allegations of defamation.

Trump Attorney Announces Laughable Lawsuit Against CNN for Accurately Calling Trump a Liar
Lindsey Halligan, one of a string of Trump’s incompetent attorneys, appeared this week on recently convicted Steve Bannon’s ‘War Room’ podcast to announce a threat to sue CNN. The complaint is typically preposterous and offers more opportunity for comedy than for anything of any legal importance.

LOCK HIM UP: Trump’s TRUTH Social Scam is Being Criminally Investigated By a Federal Grand Jury
Digital World Acquisition Corp., revealed in a securities filing Monday that it became aware on June 16 that each member of its board of directors received subpoenas from a federal grand jury in New York.

Trump’s Lawsuit Against His Niece Mary and the NY Times is a Confession that She’s Telling the Truth
Trump announced his latest legal misadventure wherein he is suing his niece, Mary Trump, and the New York Times for, as stated in the filing, “tortiously breaching and/or interfering with his contractual rights and otherwise maliciously conspiring against him.” Because paranoid delusions are another of his known psychoses.

So this latest lawsuit stunt is just another in the series of Trump’s ridiculous and malicious legal misadventures. There is no plausible path for success in these suits. But since Trump is spending the money that he has conned from his cult followers, what does he care about it? He’ll just whine that courts are all rigged after he loses again.

UPDATE: Trump elaborates on his whining with a another post saying “So Dominion gets almost a Billion Dollars and I, after years of Fake News, Hoaxes, Scams, and Investigations, am entitled to NOTHING? Is that really the way it’s supposed to work? I don’t think so!”

Actually, that is precisely the way it works. Dominion proved their case in court. Trump has failed repeatedly, because he has no evidence and no case.

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