Shortly After Trump was banned from Twitter, before the Musk era, he launched his own social media website that was a direct ripoff of Twitter. His hysterically named “Truth” Social quickly became the dedicated propaganda platform for Trump’s ranting, insulting, lying, and shameless self-exaltations.

Click here to post this article on Twitter or Click here to post on Bluesky

The Truth Social website was stuffed into a corporate grab bag that was christened as Trump Media and Technology Group (TMTG), and Trump hired former Republican congressman Devin Nunes to run it as it’s CEO.

In the four years since it’s launch Nunes, who had no relevant business experience whatsoever, proceeded to run the sham operation into the ground. He packaged it with a variety of unrelated undertakings, such as cryptocurrency, mutual funds, gambling, and even an attempt at AI that seemed to go rogue…

SEE THIS: Trump’s Truth Social AI is Woke AF: Even His Own Social Media App Hates Him

Now it is being reported that Nunes has been handed his walking papers. According to the New York Times…

“Trump’s social media company, which has consistently lost money and struggled with a flagging share price, announced Tuesday that it was replacing Devin Nunes as its chief executive officer. The announcement offered no reason for the sudden departure of Mr. Nunes.”

And that…

“Trump Media has incurred hundreds of millions in losses, and its shares have performed poorly since the company went public. […] Last year, Trump Media took in $3.7 million in revenue and recorded a $712 million net loss.”

Indeed, TMTG has performed abysmally. It’s stock is down 90% from its high. The vast majority of investors were creamed. But Trump and few other insiders made out like bandits – literally! So as a tribute to Mr. Nunes, let’s review some of the history of the company that he presided over for Trump, whose own business history is littered with failures and bankruptcies…

Trump’s Cratering Truth Social Stock Reflects the Catastrophe of Everything That Trump Does
Trump Media and Technology Group Corp. plans to issue a new cryptocurrency, which will be distributed among its shareholders. […] The coins won’t represent ownership of DJT shares, and may not be transferable or exchanged for cash.

Trump’s Scammy Media Stock, and Truth Social Parent, Completes a Classic Pump and Dump
The merger of the Trump Media and Technology Group (TMTG) with TAE Technologies, a nuclear fusion startup. TAE’s energy products are at present speculative and they have no facilities generating any power resources. Nevertheless, the news caused TMTG’s stock to surge 33%, but two weeks later reversed course back to around $12.80. So anyone who jumped in on the news is already suffering a 25% loss.

Trump Media (Truth Social) Falls to Its Lowest Point Ever – And So Does Donald Trump
Reflecting the animus that Trump inspires in America, his scam business venture, Trump Media and Technology Group, is suffering its worst week since it went public a year and a half ago. It has lost a whopping 80% of its asset value since then.

The Trump Media and Technology Group (Truth Social) Scam Reflects His Fondness for Fraud
During an interview on CNBC, Trump complained that he has been treated “very badly” by banks that he alleged were discriminating against him. Of course that might be because of the 34 felony convictions he has for defrauding banks. Not to mention a civil lawsuit finding of liability that cost him about half a billion dollars.

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.

Be sure to visit and follow News Corpse
on Twitter and Facebook and Bluesky and Threads.

And check out my books on Amazon:

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

Thanks so much for your support.