Trump’s Truth Social Scam Crashes as He Brags that It’s Booming Because He’s Winning (He’s Not)

Donald Trump is fond saying that any good news that happens anywhere in the world is due to him or the perception that he is likely to return to power. And conversely, that his not having control of the reins of government is responsible for any bad news. It’s a win-win perversion of reality that feeds his massive, yet fragile, ego.

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Donald Trump Circling the Drain

However, many psychological experts and academics agree that the debilitating severity of Trump’s psychoses make him unfit for any position of authority. His obvious cognitive deficiencies forebode catastrophe were he to reoccupy the White House. A warning was issued recently in “a letter signed by more than 200 mental health professionals” who said that…

“Donald Trump is dangerous because of ‘his symptoms of severe, untreatable personality disorder – malignant narcissism’, which makes him ‘grossly unfit for leadership.’ [and that he poses] an existential threat to democracy. [and that he] shows a lifetime pattern of ‘failure to conform to social norms and laws,’ ‘repeated lying,’ ‘reckless disregard for the safety of others,’ ‘irritability,’ ‘impulsivity,’ ‘irresponsibility,’ and ‘lack of remorse.

Those symptoms were evident in remarks Trump made at his cult rally Thursday in Nevada. Among his diversions from the real world was a detour he took lauding his failing Twitter ripoff, Truth Social. As usual, he sought to portray everything that he touched as golden, no matter how absurdly misguided (video below). He said that…

“‘Sir. You’ll never get the name ‘Truth,’ sir. That’s a term that you will never get.’ I said I only need five letters, right?. I said ‘Wouldn’t ‘Truth’ be great?’ They said ‘Sir, you won’t get it. You won’t get it.’ I said ‘Check.’ They said ‘Sir, I will, but you’re not gonna get it.’ ‘CHECK!’ And they came back, ‘Sir, it was available and we bought it for $2,000.’ Can you believe it?”

Let’s pause here to note that this is another one of Trump’s wholly imaginary discussions with the voices in his head who always call him “Sir.”. However, the fact is that he did not get the name “Truth” for his website. He got “Truth Social.” The “Truth” dot com domain is currently owned by a hardware business in Owatonna, Minnesota. Undaunted, Trump continued…

“And then it had a little burst. I don’t know what the hell’s going on. So. here’s my friend, he said they deplatform you, they take it all away, they try to destroy you. And you open up something and, as of yesterday it was worth 10 billion crazy dollars. Did you see that? Ten billion dollars, Mr. Senator. And they are going crazy.”

It’s pretty safe to agree with Trump when he admits that “I don’t know what the hell’s going on.” Although he’s also right about the current net asset value of the stock of Truth Social’s corporate parent, Trump Media and Technology Group (TMTG). However, that value is entirely the result of the rubes who invest because they are indoctrinated members of the Trump cult.

TMTG makes a relative pittance and is losing millions. Were it to be valued according to its earnings it would be a penny stock. However, when the stock recently rose in value, Trump declared that it was because he was beating Kamala Harris in the polls by a lot (he wasn’t), and that investors believed he was going to be the victor in the election. But that would be a preposterous foundation on which to invest. He is more than likely to lose, and the company would still be pretty much worthless if he won.

That said, as Trump was bragging about the value of the Truth Social, it’s value was taking a nosedive. This week it dropped about 46% from its intraweek high. Would Trump now say that the reason for that collapse is that he’s losing in the polls and and investors expect Harris to beat him next week? Not likely. That’s where the defense mechanism of his mental maladies kicks in. His psyche is immune from harm because all he can see is his perceived greatness.

BONUS UPDATE: Trump Media Outsourced Jobs to Mexico Even as Trump Pushes “America First”

In the meantime, here is a brief record of the disastrous existence of Truth Social and TMTG…

Trump Media is Purging Those Too Weak to Keep Up the Crumbling Truth Social Scam (ProPublica)
An investigation of TMTG by ProPublica has just uncovered yet another example of the company’s corruption. The report found that “people with knowledge of the company” have confirmed that several top executives of the company appear to have been ousted following an internal investigation by a lawyer that the company hired to examine allegations of “mismanagement” and “misuse” of funds by it’s CEO, and Trump flunky, Devin Nunes.

LOSER Trump’s Truth Social is Well on its Way to Becoming His Next Bankruptcy
TMTG reported its earning for the second quarter of 2024. And it was not a pretty sight. As reported by Investor’s Business Daily, “Trump Media reported net sales of $836,000, down 30% vs. a year earlier. Operating costs soared to $19.5 million vs. $4.9 million a year earlier.”

Trump’s Truth Social is Shedding Users Like a Miserable Childless Woman’s Mangy Cat
The Donald Trump-controlled Truth Social platform recorded its third straight month of declining traffic. Truth Social attracted 2,112,000 unique visitors, down 38% compared to June 2023 when the site generated 3,407,000 unique visitors. It was the platform’s second worst traffic performance since June 2022 when Truth Social had only 1,891,000 unique visitors.

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.

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