Trump’s ‘Truth Social’ Faces Legal and Financial Turmoil Amid Disclosures of Russian Funding

Truth Social, the website that Donald Trump launched after Twitter suspended him “due to the risk of further incitement of violence,” has had a rocky existence from its inception. It’s first days were marked by technical failures and user frustration. And it was all downhill from there.

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This week it was revealed that Truth Social may have been the beneficiary of millions of dollars of investments from Russian sources who are connected to Vladimir Putin. The Guardian reports that…

“Federal prosecutors in New York involved in the criminal investigation into Donald Trump’s social media company last year started examining whether it violated money laundering statutes in connection with the acceptance of $8m with suspected Russian ties, according to sources familiar with the matter.” […]

“The expanded nature of the criminal investigation, which has not been previously reported, threatens to delay the completion of the merger between Trump Media and DWAC, which would provide the company and Truth Social with up to $1.3bn in capital, in addition to a stock market listing.”

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.” These revelations compound both the financial and legal ordeals of Truth Social. It is already being investigated for various alleged corrupt activities.

RELATED: LOCK HIM UP: Trump’s TRUTH Social Scam is Being Criminally Investigated By a Federal Grand Jury

What’s more, the shell company that Trump planned to use to get Truth Social’s parent corporation, Trump Media and Technology Group (TMTG), on the stock market is itself being threatened with being delisted. Digital World Acquisition Corp (DWAC) recently received a notice from NASDAQ warning them of the pending action. It’s stock price has declined nearly 90%.

In advance of that, Trump, hoping to avoid personal liability, removed himself and Don Jr from the board of TMTG. However, if the DWAC deal doesn’t go through, Trump won’t be able to pocket the billions of dollars that have been raised by his criminal cronies.

Trump’s interest in Truth Social has always been focused more on enriching himself and getting retribution for having been banished from Twitter. It was a scam that never had any credible prospects for success. That was evident in Trump’s hiring of former congressman Devin Nunes to run the venture. Nunes had no experience whatsoever in media or technology, and it shows. But he was and is a devoted Trump-fluffer.

Truth Social’s business model is based on advertising. However, it has utterly failed to build a viable stream of ad revenue. According to an exhaustive study by the New York Times, the platform has only been able to attract interest from “hucksters and fringe marketers.” “Ads from major brands are nonexistent on the site,” the Times found, and that instead “the ads on Truth Social are for alternative medicine, diet pills, gun accessories and Trump-themed trinkets.”

SEE THIS: Truth Social Disease: Ads on Trump’s Twitter Ripoff are Mostly Scams and Trump-Fluffing Merch

As an example of the bogus product pitches on Truth Social is an ad for a blatantly racist, and thoroughly worthless, Trump keepsake: A Trump-branded White Privilege Card:

UPDATE: In the midst of all this turmoil, DWAC has just fired their CEO, Patrick Orlando.

And that about sums up the decrepit state of affairs at Truth Social. For more on what is perhaps the biggest flop on Trump’s long resume of failures, see these related stories…

UPDATE: 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.”

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Trump Post Urges His Cult Followers to Take Up Arms and ‘Physically Fight’ for the Presidency

Just in case there was anyone who is still uncertain if Donald Trump advocates violence in his lust for power and adulation, the twice-impeached, former reality TV game show host made his intentions clear in a post on his floundering Twitter ripoff, Truth Social.

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Donald Trump Insurrection

Among Wednesday’s posting frenzy that included scads of his typical whining, personal attacks, election lies, lame legal defenses, and pathetic self-exaltations, Trump re-posted a comment by one of his glassy-eyed cult followers that should concern every American.

It was an explicit call for, and advocacy of, violence and armed uprising against Democracy. The post was a reply to another Trumpist who speculated about the prospect of Ron DeSantis – or anyone other than Trump – winning the 2024 Republican presidential primary…

“Then they will have to figure out how to fight 80,000,000 + it’s not going to happen again. People my age and old will physically fight for him this time. What we got to lose? I’ll donate the rest of my time here on this planet to do it. And I know many many others who feel the same. They got my 6 and we Are Locked and LOADED”

There is nothing ambiguous about that comment. The poster is blatantly advocating an armed assault during the primary on behalf of Trump with his call to “physically fight” and be “Locked and LOADED.” It is an open embrace of domestic terrorism. And Trump obviously agrees with this anti-American depravity.

This sort of unbridled hostility isn’t new for Trump, After all, he gleefully watched as his cult followers engaged in a violent insurrection against the United States on January 6, 2021. He encouraged them as they threatened members of Congress and sought to hang his Vice-President, Mike Pence. He eventually told the rioters that he loved them. And he has since promised to pardon any of those who were arrested for their criminal conduct.

RELATED: Trump Promises to Halt the Prosecutions of the January 6th Mob He Incited to Attack Congress

In the past couple of weeks Twitter and Facebook have restored Trump’s accounts after having suspended him for inciting violence and disseminating dangerous disinformation about election fraud and COVID. That was a terrible mistake that could have been easily predicted to result in further harm to innocent people and to the nation.

Now Trump is proving that he is unfit to be permitted to spread his malicious lies and overt hate speech in public forums. He is telegraphing what he will advocate if/when he returns to social media platforms that are unwilling to take common sense measures to safeguard their users from his malevolence. And when he ultimately sinks to the depths that he is known to inhabit, Twitter and Facebook will share the blame for any harm that comes from it.

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Truth Social Disease: Ads on Trump’s Twitter Ripoff are Mostly Scams and Trump-Fluffing Merch

Two years ago Facebook, Twitter, and other social media sites, suspended Donald Trump’s accounts. They correctly assessed that his relentless lies about election fraud were likely to incite more violence, and that his dangerous disinformation about COVID would result in more needless fatalities. As a result, Trump launched his own platform to seek the attention that his ego so desperately craved.

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Donald Trump, Snowflakes

Consistent with his prior business and political misadventures, Trump’s Twitter ripoff, Truth Social, has been a spectacular failure from its inception. Its buggy launch was plagued with crashes and frustrated users who couldn’t log in. Fake accounts and imposters overran the joint. It is the subject of criminal probes by the Securities and Exchange Commission and a Grand Jury in New York. And the shell company it partnered with to go public, Digital World Acquisition Corp (DWAC), suffered an 85% decline in stock value over the past ten months.

So now that Facebook and Twitter have caved in and are restoring Trump’s accounts – which is profoundly ignorant, dangerous, and hypocritical – it’s not surprising that he is itching to resume tweeting.

SEE THIS: Trump is Said to Be Plotting His Return to Twitter, Affirming that Truth Social is a Flop

However, all is not well in Trumpville. The New York Times has done an exhaustive analysis of the advertising that appears on Truth Social that makes it look more like it’s contracted a Truth Social disease. Major advertisers are avoiding it like the plague.

Similar to what is happening on Twitter due to Elon Musk’s gross mismanagement, 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. According to the Times, the site is rampant with…

“…many pitches from hucksters and fringe marketers […and…] Ads from major brands are nonexistent on the site. Instead, the ads on Truth Social are for alternative medicine, diet pills, gun accessories and Trump-themed trinkets, according to an analysis of hundreds of ads on the social network by The New York Times.”

The Times provided a collection of some of the bogus ads that appeared on the site. One particularly loopy example showed “Trump holding a $1,000 bill made of gold, which he was apparently offering free to supporters.” […however…] “The bill was not free, it was not made of gold, and it was not offered by Mr. Trump.” Another example featured a fake tweet of President Biden threatening to ban a $2.00 bill with Trump’s face on it.

That’s the sort of garbage you’re left with when a site is abandoned by reputable advertisers. The mass exodus was noted last year in a tweet by by GOP Rep. Marjorie Taylor Greene (R-QAnon) who was appalled at what she bizarrely called “corporate communism.”

SEE THIS: UH-OH: Marjorie Taylor Greene Fears ‘Corporate Communism’ of Advertisers Leaving Musk’s Twitter

Some additional points made in the Times article include that…

  • Truth Social “is burning through about $1.7 million each month … And two federal investigations have put about $1.3 billion of much-needed funding in jeopardy.”
  • “Truth Social has a relatively small user base and many older users, who are less desirable for the brands.”
  • “Marketers have complained that Truth Social’s ad-serving technology … offers limited tools for tracking an ad’s performance […or the ability to…] prevent their ads from appearing near words or phrases that might upset customers.”
  • “In a reflection of the wariness that brands have over Mr. Trump and his politics, the word ‘Trump’ ranked as the 11th most common blacklisted term provided by advertisers in 2019.”
  • “Over time, the low-quality ads on Truth Social have irritated its own users, who have complained to Mr. Trump after repeatedly seeing the same disturbing images or after falling for misleading gimmicks. ‘Can you not vet the ads on Truth?’ asked one user in a post directed at Mr. Trump. ‘I’ve been scammed more than once.'”

So as Trump commences his pursuit of the 2024 Republican presidential nomination, he is simultaneously struggling with the dire prospects of the online platform that he hoped would juice his campaign. And those aren’t even the worst of his problems. He is also being investigated by multiple state and federal prosecutors for crimes related to his incitement of the January 6th insurrection, election interference, and financial and tax fraud.

Sean Hannity of Fox News provided a helpful list of many of the probes that are currently being conducted about Trump. In the meantime, here are some articles about the slow and painful demise of Truth Social…

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Trump is Said to Be Plotting His Return to Twitter, Affirming that Truth Social is a Flop

Last November Donald Trump announced that he is running for the Republican nomination for president in 2024. In the weeks that have followed he has done nothing to advance his candidacy except to post rancid comments attacking his enemies (especially Special Counsel Jack Smith) on his Twitter ripoff, Truth Social, and calling in to right-wing Internet programs to whine about having lost the 2020 presidential election.

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Donald Trump

Tomorrow will mark two months since Elon Musk reinstated Trump’s Twitter account. However, Trump has been insisting for months that he prefers his own Truth Social website and has not posted on Twitter since being unbanned. In fact, Trump has continued to attack Facebook and Twitter as “boring” and failing without his awesome presence. He has called it a “disgrace to democracy” that “shouldn’t be allowed to do business in this Country,” because they have “only a Radical Left point of view,” and are “hated by everyone.”

SEE THIS: Trump Orders His Cult To ‘Drop Off of Twitter’ and Calls For It To Be Outlawed

That may all change now that Trump is an announced candidate for 2024. His need to disseminate his singularly apocalyptic perspective of America might supersede his animosity toward Twitter for having rejected him. In the months that he has been posting on Truth Social, he has only managed to accumulate about 4.8 million followers. He had more than 88 million on Twitter. And his massive yet fragile ego simply cannot abide that shortfall. Consequently, he is said to be plotting his return to Twitter. As reported by NBC News

“Mounting a comeback for the White House, Donald Trump is looking to regain control over his powerful social media accounts. […] Twitter planned a permanent ban, but new owner Elon Musk reinstated Trump’s account on Nov. 19 and then criticized the company’s previous leadership for the ban.”

NBC is quoting an unnamed Republican insider who says that “Trump is probably coming back to Twitter. It’s just a question of how and when. He’s been talking about it for weeks.” This shouldn’t surprise anyone who has followed Trump’s behavior in the media. He demands constant attention and will do and say almost anything to get it.

Apparently that includes tacitly admitting that his own social media platform is a total bust. If Trump begins tweeting again he is not only conceding that Truth Social has failed, he might even be breaching his agreement to post exclusively on it for a specified period of time. Not that Trump is ever bothered by breaking contracts.

What’s more, Trump’s disappointment with Truth Social is warranted by the fact that it has failed to achieve any measure of success. Recent reports show that has seen a a nearly 30% decline in unique visitors over the past few months.

From the day Truth Social was launched it was mired in the sort of mayhem that can only be produced by incompetence. It repeatedly crashed and hosted innumerable fake accounts. It’s being criminally investigated by the SEC and a Grand Jury in New York. And the shell company it partnered with to go public suffered an 85% decline in stock value over the past ten months.

Truth Social’s problems have been festering from the start. And now that Trump is reportedly considering dissing it by re-embracing Twitter, it’s prospects are unlikely to improve. Here are a few of the pot holes it has encountered on the way to its demise…

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Truth Social Traffic Flames Out Just as Trump is Trying to Fire Up His Next Losing Campaign

Two weeks ago Donald Trump announced that he is running for the 2024 Republican nomination for president again. Presumably to score a record three popular vote losses. In an extraordinarily gloomy speech packed with horror stories of the “blood-soaked streets” and “cesspool cities” of America, Trump inspired his cult followers by declaring that he has “no doubt that it’s going to get worse.”

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Flaming Trump

Since Trump’s announcement, he has embellished his credentials in ways that can only make sense to a severely twisted mind. First of all, he chose to have dinner with the notorious white supremacist and anti-Semite, Nick Fuentes, at his Mar-a-Lago resort/home. And if that weren’t bad enough, he also publicly confessed to the theft of classified documents, and lying about it to the FBI.

RELATED: Trump Admits He’s Guilty in a Fear-Drenched Rant Attacking the Special Counsel as a ‘Monster’

This inauspicious start to Trump’s campaign might have been mitigated by his having his own Internet platform to promote himself and his candidacy. Unfortunately for him, that was not to be. Trump’s floundering Twitter ripoff, Truth Social, received another blow this week with the news that it has suffered a precipitous decline over the past couple of months. According to reports

“Truth Social, the alternative social media platform founded by former President Donald Trump, has seen a consecutive two-month decline in unique visitors, according to a watchdog site that monitors conservative media.”

“TheRighting, which reports on and analyzes trends in the conservative media, found that the number of unique visitors to Truth Social dropped from 4.02 million in August — an all-time high — to 3.38 million in September, and then to 2.85 million in October.”

That’s a nearly 30% decline in only two months. And it comes at the time that Trump needs it the most. While Elon Musk has reinstated Trump’s suspended account on Twitter, Trump insists that he will not be going back to the site. If that’s true (doubtful), he would be forsaking his 80 million Twitter followers for the four million glassy-eyed disciples he has on Truth Social. That’s a pretty bad trade off, and one that hurts both Trump and Musk.

RELATED: Why Elon Musk Restoring Trump’s Twitter Account is Ignorant, Dangerous, and Hypocritical

From the day Truth Social was launched it was mired in the sort of mayhem that can only be produced by incompetence. It repeatedly crashed. Users couldn’t log in. Fake accounts were rampant. It’s being criminally investigated by the SEC and a Grand Jury in New York. And financially, the shell company it partnered with suffered a 75% decline in stock value over the past eight months. Its investors are backing out.

So while Musk is doing his darnedest to destroy Twitter, his competition at Truth Social for the white nationalist and disinformation demographic is simultaneously sinking into an abyss of failure. Which is typical for a Trump business, just as it is for Trump’s political endeavors. The horrendous record for the candidates that he endorsed during the midterm election is evidence of his waning influence. And post-midterm polls show that the American people don’t even want him to run again.

RELATED: As Trump Prepares to Lose Another Presidential Race, Most Americans Say He Shouldn’t Run

Truth Social’s woes are nothing new. The site has been a sink hole from day one. Here are a few of the pot holes it has encountered on the way to its demise…

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Why Elon Musk Restoring Trump’s Twitter Account is Ignorant, Dangerous, and Hypocritical

Nearly two years ago Twitter suspended Donald Trump’s account due to his reckless and relentless lies about election fraud. Twitter imposed the ban on January 8th, two days after Trump’s deadly insurrection on Capitol Hill, saying that “we have permanently suspended the account due to the risk of further incitement of violence.” Now Elon Musk has personally intervened to restore the account.

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Donald Trump

Musk has contradicted his prior promise not to restore Trump, or anyone else, until after his “content moderation council” (whatever that is) met. But this reversal is wrong for many reason: 1) It’s pitifully ignorant. 2) It’s predictably dangerous. And 3) It’s flagrantly hypocritical. Let’s drill down into each of these reasons…

IGNORANT:
Musk tweeted that Trump’s account would be restored because “The people have spoken.” He was referring to a poll that he previously posted asking whether the account should be reinstated. The results were pretty close, with “Yes” besting “No” 51.8% to 48.2%. However, it is extraordinarily idiotic to take such a poll seriously. For one thing, Musk knows that the votes could be rampant with bots.

In addition to that, it isn’t a scientifically valid survey with a representative sampling of either Americans or Twitter users. It is merely the opinion of people who happened to come across Musk’s tweet and chose to click on a response. And with only 15 million votes, it isn’t even a representative sample of Musk’s 117 million followers. If Barack Obama (who has 5 times the followers of Musk) posted the same poll, you would have a completely different outcome. So for Musk to revive Trump’s account on the basis of this poll proves that he doesn’t have even the most basic grasp of what it means in reality when “the people have spoken.”

DANGEROUS:
When Twitter suspended Trump’s account, they did so in recognition of the imminent threat that his tweets posed to the country and the American people. He was openly and repeatedly inciting violence and encouraging the hostile tendencies of his cult followers. His toxic rhetoric contributed to the anti-American riots on Capitol Hill on January 6th that resulted in more than 140 law enforcement officers being injured.

Trump’s advocacy of such violence continued on other platforms after he was booted from Twitter. Apparently Musk believes that fomenting violence is acceptable free speech and protected by the Constitution. It isn’t. And given Trump’s predilection for sedition and bigotry, Musk clearly doesn’t care who gets hurt.

HYPOCRITICAL:
Musk pretends that his intention is to bring free speech back to the masses by relaxing the moderation policies of Twitter. However, it’s notable that the only accounts Musk has seen fit to restore are those of well known politicians, celebrities, and others in the elite class. He is demonstrating that his true intent is to pander to wealthy right-wingers, like himself. So while he reinstates only privileged conservatives like Trump (and Kanye West, Marjorie Taylor Greene, Babylon Bee, Jordan Peterson, Andrew Tate, and James O’Keefe’s Project Veritas), the accounts of all the non-aristocrats remain shuttered. That’s hardly a restoration of free speech for the masses.

[Full Disclosure: News Corpse is one of the banned commoners. And another appeal to be reinstated was denied just prior to this article being published]

Adding more soap to this opera, is the fact that Trump has stated repeatedly that he would not return to Twitter even if his account were restored. Earlier this year Trump told Fox News that “I am not going on Twitter, I am going to stay on TRUTH.” That’s his shorthand for his own floundering Twitter ripoff, Truth Social. He reiterated his rejection of Twitter as recently as yesterday in post wherein he linked to Musk’s poll and said “don’t worry, we aren’t going anywhere. Truth Social is special!”

Trump’s animosity toward Twitter is complex and extends way beyond his stated reluctance to rejoin the platform. That’s partly because he has an obligation to promote Truth Social. Although it’s hard to imagine that Trump wouldn’t jump back into the Twitterverse where he had 80 million followers. He has only about four million on Truth Social. His ego would compel him to reconcile, despite having previously raged that “Twitter is a disgrace to democracy. They shouldn’t be allowed to do business in this Country.” And he has sued Twitter, albeit without any legal basis or coherent allegation to support his case. Which is why it was so quickly thrown out of court.

This is the guy that Musk is going out of his way to suck up to. Perhaps it’s because Musk is so badly managing Twitter that he is desperate for the (intensely negative) attention that Trump would produce. Since his acquisition of Twitter a couple of weeks ago, Musk has fired half its staff. Hundreds more have resigned. Advertisers are fleeing in droves. Hate speech has skyrocketed. And the operation is struggling just keep from falling of its own weight.

Meanwhile, Musk has been posting some bizarre and offensive tweets, including one that promoted a callous conspiracy theory about the attack on Nancy Pelosi’s husband. So, good work, Elon. You’re doing a great job of proving how superior you upper-crusters are to the rest of us.

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Trump’s Delusional, Desperate, and (as Always), Dishonest Response to Musk’s Twitter Takeover

The soap opera that commenced after Elon Musk proposed to buy Twitter in April has finally come to an end. Well, at least the buying part. Complex melodramatic narratives will continue into the future due to the unstable mental state of Musk, as well as the social and political ramifications of his ownership of a virtual town square with international scope.

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Donald Trump, Twitter

Leading the parade of emotional defectives is, of course, Donald Trump. His view of Musk taking over Twitter is typically drenched with personal interests that range from his competition with Twitter, via his floundering social media scam, Truth Social, and his massive but fragile ego. Remember, Trump was so hurt by Twitter permanently suspending his account that he sued them. The suit was quickly dismissed because the court found that it had no rational legal basis.

RELATED: Judge Dismisses Trump’s Loopy Lawsuit Against Twitter for ‘Failure to Plausibly State a Claim’

On Friday Trump responded to the news that Musk’s acquisition of Twitter was completed. And as expected, it was riddled with his hallmark personality traits: whining, bragging, and lying. He posted on Truth Social that…

“TRUTH SOCIAL has become somewhat of a phenomena. Last week it had bigger numbers than all other platforms, including TikTok, Twitter, Facebook, and the rest. It also looks and works better to my eye. I am very happy that Twitter is now in sane hands, and will no longer be run by Radical Left Lunatics and Maniacs that truly hate our country. Twitter must now work hard to rid itself of all of the bots and fake accounts that have hurt it so badly. It will be much smaller, but better. I LOVE TRUTH!”

Indeed, Truth Social is a phenomenal flop. When Trump asserts that “it had bigger numbers than all other platforms,” he is referring only to the number of downloads from the Apple and Google app stores. It still has a tiny percentage of the users that Twitter and other popular social media sites have. And the only reason its download numbers were high is because it just became available many months after its launch. In fact, it has already dropped below all of the apps Trump mentioned, and isn’t even among the top fifty on either the Google or Apple app stores.

Trump’s comment has the requisite infantile insults that he includes in virtually every public statement he makes. And it’s always the same malarkey about alleged “Radical Left Lunatics and Maniacs that truly hate our country.” You have to wonder whether there are any medications that can correct his tedious repetitions, or if he is already on medications that are causing it.

In addition to Trump’s pathetic post, he also gave a comment to Fox News regarding Musk and Twitter. And it was predictably demented. He told Fox that…

“I don’t think Twitter can be successful without me.” And that…

“Twitter was a failed enterprise. It was only when I got on that it became successful.” And that…

“If I choose to run, I will only use Truth.” (Which he has said before, although this time he’s leaving an out in case he doesn’t run)

The notion that Trump won’t return to Twitter if he is allowed is preposterous. He has about four million followers on Truth Social. He had more than 80 million on Twitter. Do you think he’d pass up that opportunity to languish in the adoration of his cult?

It really is astonishing how deranged Trump is. He really thinks that people miss his tweets. As an example of what the Twitterverse is missing without Trump, he posted 47 times on Truth Social yesterday. The subjects ranged from praise for Brazilian fascist Jair Bolsonaro, to a rancid rant against the judge presiding over his trial in New York. But mostly he posted about how magnificent he thinks he is and how much everybody loves him.

RELATED: Stable Genius? Trump Maniacally Attacks the Judge Presiding Over His Fraud Trial in New York

However, Trump didn’t post a single note of concern or sympathy for the attempted murder of Nancy Pelosi’s husband. Perhaps he’s still hurt by Pelosi observing that he “is not man enough” to comply with the subpoena he received from the January 6th Committee investigating the insurrection he incited.

NOTE: Twitter suspended the News Corpse account after 11 years without giving a reason. So if anyone wants to tweet articles from my website, please feel free to do so often and repeatedly.

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Trump Threatened to ‘Blow Up the Company’ if Truth Social Execs Didn’t Give Their Shares to Melania

Two days after the January 6th insurrection that Donald Trump incited, Twitter permanently suspended his account “due to the risk of further incitement of violence.” That eventually led to the creation of the Trump-branded Twitter clone, Truth Social, where he could mouth off interminably and unconstrained by facts or decency.

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Trump Baby on Cash Pile

Ever since, Truth Social has proven to be another pitiful failure in the Trump stable of ego-driven business ventures. That, however, didn’t stop him and his minions from pretending that it was not only a success, but an Earth shattering advance in the evolution of the human race. In reality, it was a fiasco on every level. It lost money, failed to attract users, betrayed its promise of free speech, stiffed its vendors, and is mired in multiple legal quagmires.

RELATED: Devin Nunes Exalts the Failing Truth Social as ‘The Most Important Creation in Trump’s Career’

Adding to the unfolding apocalypse of Trump’s social media scam and its parent company, Trump Media and Technology Group (TMTG), is a new report revealing the expanding scope of Trump’s greed and corruption. One of TMTG’s executives, Will Wilkerson, has emerged as a whistleblower with allegations that he and other company principals were pressured by Trump to “give up some of his shares to Trump’s wife, Melania?” According to the Washington Post

“Trump Media, the owner of the fledgling social network Truth Social, had just been boosted by a huge merger agreement and a flood of investment that had made the stake worth millions of dollars. Trump had already been given 90 percent of the company’s shares in exchange for the use of his name and some minor involvement, leaving everyone else to split the rest.

“[Company co-founder Andy] Litinsky tried to brush it off, telling Trump ‘the gift would have meant a huge tax bill he couldn’t pay,’ Wilkerson said in an interview. ‘Trump didn’t care. He said, ‘Do whatever you need to do.'”

The Post goes on to report that “Five months later, Litinsky, who first met Trump in 2004 as a contestant on the TV show “The Apprentice,” was abruptly removed from the company’s board.” Furthermore, Trump embellished his pressure campaign in an email wherein he threatened to “‘blow up the company’ if his demands are not met.” Now Wilkerson has filed a whistleblower complaint with the SEC “alleging that “the company’s bid to raise money … relied on ‘fraudulent misrepresentations … in violation of federal securities laws.'”

The Post’s article details at length the soap opera melodrama that went on at TMTG for months. That includes episodes where company founders were terminated and replaced by Don Trump Jr, and associates of Trump’s hand-picked CEO, former GOP congressman and ultra-right-wing Trump-fluffer, Devin Nunes, who had no experience whatsoever in the technology field.

With the company reportedly in violation of SEC regulations and other laws, and investors backing out, its offices were moved from a prestigious commercial building to a mail box at a UPS store. Shares of the shell company that was formed to take TMTG public, Digital World Acquisition Corp (DWAC) have crashed from a high of $175.00 to less than $18.00.

This is a story that would make a compelling fictional drama. But it’s facts are meticulously researched and well documented. It is also easy to believe considering the history of Trump’s unscrupulous business practices.

Like virtually everything else in Trump World, Truth Social and TMTG appear to be geared toward fattening Trump’s wallet through shady machinations. And like virtually everything else in Trump World, it’s failing miserably, and taking down everyone connected to it. But it’s hard to feel sorry for people who so willingly signed on to a sham operation by a known fraudster like Trump.

NOTE: Twitter suspended the News Corpse account after 11 years without giving a reason. So if anyone wants to tweet articles from my website, please feel free to do so often and repeatedly.

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Devin Nunes Exalts the Failing Truth Social as ‘The Most Important Creation in Trump’s Career’

Throughout Donald Trump’s career he has embellished his personal and business “achievements” to the point that they bore no resemblance whatsoever to reality. Trump only speaks in hyperbole, claiming that everything he undertakes is the greatest success ever known to mankind. And conversely, any criticism or failure is the worst smear campaign. That’s partly why he was recently indicted for fraud by the Attorney General of New York in a case that documents his crooked business practices.

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Donald Trump, Devin Nunes

Among Trump’s most prominent recent business debacles is his Twitter ripoff, Truth Social. From the day it was launched it was mired in the sort of mayhem that can only be produced by incompetence. It repeatedly crashed. Users couldn’t log in. Fake accounts were rampant. And financially the shell company it partnered with suffered an 80% decline in stock value over the past seven months. Its investors are backing out.

So this seemed like a good time for the CEO, Devin Nunes, to appear on a right-wing podcast to tout how absolutely marvelous this scam operation is:

“Can you imagine where we would be had Donald Trump not went out and created Truth Social? We would be in a very, very dark spot. And it is very possible that, maybe, just maybe the most important creation in Donald Trump’s whole career will be the creation of Truth Social. And I don’t say that lightly. As you know, John and Amanda, I believe that to my core. It’s why I left Congress to go and do this.”

Can you imagine? It requires a pretty twisted imagination to perceive the “very, very dark spot” that Nunes is describing. Likewise, the ability to contrive a fantasy that Truth Social is “important” seems more than bit far fetched.

That said, Truth Social very well could be “the most important creation in Donald Trump’s whole career,” considering the vast landscape of failure that that encompasses. Trump has multiple business bankruptcies. His “university” was shut down, and he was ordered to pay $25 million in restitution. His charitable foundation was also shuttered, and he and his family prohibited from operating a charity in New York for five years. Numerous buildings that he had licensed his name to have removed his any remnant of that association.

In light of that record of wreckage, Truth Social might look good. Although, it hasn’t exactly prospered. Here is a brief summation of the website’s troubles…

Trump’s Twitter Ripoff (TRUTH Social) Has Lost 36% of its Value Since He Began Posting On It
“Apparently Trump’s dimwit-icisms didn’t do much to boost interest in this debacle. Not that it was especially prosperous before. It has declined by more than 80% since its high mark last October. And the reasons are pretty obvious. […] with Trump posting his tedious whines about having lost the 2020 presidential election, and his infantile insults directed at anyone who is less than worshipful, how could anyone stay interested for long?”

Trump’s Truth Social Owes its Web Hosting Service Millions and Hasn’t Made a Payment in Months
“In October, RightForge announced it entered into an agreement to host Truth Social, [but that] Truth Social has made just three payments and ceased making any payments since around March. RightForge claims that Truth Social owes it around $1.6 million and is threatening legal action.”

Trump Posts Hysterical Lie that ‘Everyone is Watching’ His Failing Twitter Ripoff, Truth Social
“…they say that I put my message out on Truth Social, a ‘little-used’ site with ‘few’ people watching. More Fake News. They know it’s now one of the hottest sites in the world.”

Trump’s TRUTH Social Twitter Ripoff Suffers Another Setback Due to His Criminal Corruption
“The ‘federal investigations’ to which this notice refers includes a Grand Jury in New York, for which all of DWAC’s board members have been subpoenaed. At the same time the Securities and Exchange Commission is investigating whether TMTG and DWAC executives improperly coordinated with each other and engaged in insider trading.”

Trump Rants Hysterically as His PRAVDA Social Bans Users Who Post the Truth About January 6th
“Trump’s Twitter copycat claiming it is ‘free from political discrimination,’ has reportedly banned users who posted information from Thursday’s congressional hearing on the Jan. 6 attack on the U.S. Capitol.”

That’s what Nunes regards “the most important creation in Donald Trump’s whole career”? Unfortunately for Nunes and Trump, it’s only going to get worse. The deal to take it public is falling apart. The financing to capitalize it will be gone when it does. It can never compete with Twitter or other social media sites.

As for Trump, he has sworn that he will never return to Twitter, even if Elon Musk’s teetering bid to buy it happens to go through. Which would be a risky bet. That would leave Trump yelling into the void where only his most devoted cult followers reside. Which would be a great relief to the rest of the nation – and world – that is sick to death of his petulant whining.

RELATED: Trump Declares that ‘I Am Not Going Back On Twitter’ After the Elon Musk Takeover

NOTE: Twitter suspended the News Corpse account after 11 years without giving a reason. So if anyone wants to tweet articles from my website, please feel free to do so often and repeatedly.

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And check out my books on Amazon:

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

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Trump Whines that He’s ‘Really Rich’ in Pathetic Attempt to Cure His Truth Social Disease

For years Donald Trump has bragged about his alleged wealth as proof of his self-proclaimed brilliance and competence as a successful businessman. Never mind that he inherited his fortune and ran it into the ground with foolish investments and bad management. He would have made more money if he had simply put his inheritance in an S&P 500 index fund.

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Trump Baby on Cash Pile

Now Trump is using the same sort of impotent boasting to salve his gargantuan but fragile ego after more bad news about his floundering Twitter ripoff, Truth Social came out. The website he founded after Twitter suspended his account “due to the risk of further incitement of violence,” has been a disaster from its inception. And it’s actually gotten worse since Trump began using it himself.

RELATED: Trump’s Twitter Ripoff (TRUTH Social) Has Lost 36% of its Value Since He Began Posting On It

The latest truth published about “Truth” Social is that Google has banned it from their Google Play app store due to its tolerance and promotion of violence. Bloomberg News reports that…

“Google’s Play store is declining to distribute Donald Trump’s Truth Social app, saying the network still needs to resolve the fact that it hosts violent threats and other content that goes against Google’s standards.”

In response to this story, Trump posted a furious comment that is rife with ridiculous claims of how his social media scam is thriving. He raged that…

“TRUTH is doing really well. It has truly become our MAGA VOICE, but also a voice for the RINOs and Radical Left Lunatics. Engagements are far better, more interesting, and spirited than anywhere else. I like it much better than Twitter, which is a complete mess. Sign up on TRUTH now, only getting stronger. Google is coming along nicely (I think?). SEC trying to hurt company doing financing (SPAC). Who knows? In any event, I don’t need financing, “I’m really rich!” Private company anyone???”

As usual, Trump can’t seem to get anywhere close to reality in his pitiful efforts to pretend that he isn’t a big loser. Trump’s alternative facts are diametrically opposed to what is actually happening with his vanity website. Both Trump’s “Trump Media and Technology Group” (TMTG), and “Digital World Acquisition Corporation” (DWAC), the shell company that was expected to take the new business public, are in serious legal and financial trouble. DWAC has declined in value by 75% from its high mark last March. And that’s not all…

Trump’s Truth Social Owes its Web Hosting Service Millions and Hasn’t Made a Payment in Months
“In October, RightForge announced it entered into an agreement to host Truth Social, [but that] Truth Social has made just three payments and ceased making any payments since around March. RightForge claims that Truth Social owes it around $1.6 million and is threatening legal action.”

Trump Posts Hysterical Lie that ‘Everyone is Watching’ His Failing Twitter Ripoff, Truth Social
“…they say that I put my message out on Truth Social, a ‘little-used’ site with ‘few’ people watching. More Fake News. They know it’s now one of the hottest sites in the world.”

Trump’s TRUTH Social Twitter Ripoff Suffers Another Setback Due to His Criminal Corruption
“The ‘federal investigations’ to which this notice refers includes a Grand Jury in New York, for which all of DWAC’s board members have been subpoenaed. At the same time the Securities and Exchange Commission is investigating whether TMTG and DWAC executives improperly coordinated with each other and engaged in insider trading.”

Trump Rants Hysterically as His PRAVDA Social Bans Users Who Post the Truth About January 6th
“Trump’s Twitter copycat claiming it is ‘free from political discrimination,’ has reportedly banned users who posted information from Thursday’s congressional hearing on the Jan. 6 attack on the U.S. Capitol.”

That’s what Trump regards as “doing really well”? If he thinks that his anti-social site is a voice for what he calls “Radical Left Lunatics,” he may just get that insanity defense he’s been angling for. He is correct, however, – and he has bragged that – the site serves as a voice for himself and the other MAGA terrorists that President Biden recently called out so eloquently.

RELATED: Here’s All the MAGA in Biden’s ‘Soul of America’ Speech – And Trump’s Crackpot Critique

Finally, if Trump is so damn rich, why does he spend so much time begging for money from his hillbilly cult followers? And he doesn’t even use a penny of it for what he promises it’s being raised for. Such as electing MAGA Republicans, advancing his “Big Lie” that the 2020 election was “rigged” and “stolen” from him, and fighting the multitude of legal battles due to his inbred corruption.

And yet, his glassy-eyed disciples still open their wallets for his cons. It would be sad if it weren’t so funny and so destructive of his own nefarious goals.

UPDATE: DWAC failed to get backing for an extension to complete their merger with Trump’s Truth Social venture. Which means they will have to forfeit billions in pledged investments and a place on the stock exchange. Next stop…another Trump bankruptcy.

NOTE: Twitter suspended the News Corpse account after 11 years without giving a reason. So if anyone wants to tweet articles from my website, please feel free to do so often and repeatedly.

Be sure to visit and follow News Corpse
on Facebook and Instagram.

And check out my books on Amazon:

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

Thanks so much for your support.