Crypto

The Trump Media and Technology Group (Truth Social) Scam Reflects His Fondness for Fraud

Posted by on August 5, 2025 at 1:08 pm. 2 Comments :

When Donald Trump launched his Trump Media and Technology Group (TMTG), he was brimming with optimism about the future of his new venture. Four years later that optimism has utterly failed to be affirmed. The business that runs Trump’s Truth Social website and a handful of other insolvent enterprises has never turned a profit.

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

In 2024, TMTG reported a net loss of $400.9 million despite only booking revenue of $3.6 million. They reported a net loss of $31.7 million in the first quarter of 2025. Most recently, in the second quarter of 2025, the company reported a net loss of $20 million on only $883,300 in net sales.

However, none of that prevented Trump from making preposterous claims about his financial misadventures. 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.

FOR THE RECORD: Trump was found guilty on 34 felony counts of falsifying business records to defraud banks. Maybe that had something to do with his trouble getting U.S. banks to do business with him. So he went to the Russians.

— News Corpse (@newscorpse.bsky.social) 2025-08-05T16:07:51.546Z

Any reputable bank would be hard pressed to justify doing business with Trump who, in addition to the above, has filed at least four bankruptcies. As for TMTG, the week before his inauguration this year it was trading at about $43.00. Six months later it is under $17.00. A decline of more than 60%. During the same time period the S&P 500 rose more than 8%.

The only recent news for the company was its purchase of $2 billion worth of Bitcoin. Which is a major departure from its core media technology business to a sort of cryptocurrency treasury. TMTG had to raise funds from unnamed institutional investors to finance the purchase, which raises questions of conflicts of interest and and/or political bribery.

Meanwhile, Trump’s crypto meme coin, which he launched the day before his inauguration at $74.00, is now trading at about $9.00, a massive drop of 88%. Trump also signed legislation – the so-called GENIUS Act – that benefits his own investments in the crypto market. Nothing suspicious about that, is there?

Despite the economic debacles that Trump has presided over, he himself has managed to profit. He continues to be skillful at enriching himself while fleecing his flock of cult disciples. At the same time he is providing a path for interested parties to grease his palm for political favors. That includes adversarial foreign operatives who are buying influence, not investing.

The brief history of Trump’s involvement in the media, technology, and crypto businesses is rampant with failure and potential fraud. For instance…

Truth Social Parent Plans Desperate Share Buyback to Boost its Failing Stock and Enrich Trump
This is a tactic that is sometimes used to juice failing stocks. By reducing the shares available on the market, the remaining shares should be more valuable. That would mean an extraordinary leap in wealth for Trump who is the largest stakeholder

SRSLY? Trump Brags that His Pitifully Failing Meme Coin is a ‘Tracker’ of His Imaginary Success
Trump’s meme coin is hardly a game-changer. While it has generated a significant horde of untraceable cash for Trump, who paid nothing for his shares, it has been an abysmal loser for nearly everyone else who was foolish enough to invest in it.

Trump’s Truth Social is Creating ‘Non-Woke’ Investment Portfolios for MAGA Cult Investors/Dupes
The focus of the Trump investment portfolios rests on buzzwords plucked from his political rhetoric. And what could possibly have more income potential than “non-woke” enterprises that pursue the anti-democratic goals of the MAGA movement?

Truth Social, Trump’s Pathetic Personal Propaganda Platform, Continues to Bleed Cash
In what may be the least surprising news of the year so far, Donald Trump’s flagship social media enterprise, Trump Media and Technology Group (TMTG) – the parent holding company of his failing Twitter ripoff, Truth Social – released its annual report on Friday that revealed just how big a failure it is.

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.

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.

SRSLY? Trump Brags that His Pitifully Failing Meme Coin is a ‘Tracker’ of His Imaginary Success

Posted by on June 6, 2025 at 3:36 pm. 1 Comments :

The evidence that Donald Trump has been a flamingly malignant narcissist for most of his life is impossible for any honest observer to refute. It has been a constant component of his personality disorders since childhood, an emotional state that he still inhabits despite his 78 years.

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

Trump Baby on Cash Pile

Throughout his life, no one has been more adulatory of Trump than Trump. He exalts himself at every opportunity as the smartest, handsomest, most beloved figure in history, whose successes have surpassed all others at, in his words, “a level never seen before.” He is functionally incapable of acknowledging even the slightest imperfection or mistake or diversion from virtual of divinity. Never mind that he is a fountain of fantastical foolishness that would justify his immediate institutionalization.

SEE THIS: WHO’S DERANGED? Trump on Biden Clones, Transgender Mice, Autopens, and His Own Mental Anguish

Trump provided another example of how worshipfully he regards himself in a comment that he posted to his failing Twitter ripoff, Truth Social, on Friday morning. The comment consisted of a link to an article published by the ultra-MAGA, unabashedly pro-Trump website, Newsmax, with the title “Trump Meme Coin Is ‘Tracker’ of President’s Success.” The article gushes that “Almost everyone is talking about the rise of crypto and meme coins, with special focus on the big game-changer: the Trump meme coin.”

Trump posted this on his Truthless Anti-Social website.So apparently, Trump's "success" is down 75% since his inauguration.

— News Corpse (@newscorpse.bsky.social) 2025-06-06T18:37:27.378Z

The only thing wrong with the article is, well, everything. Trump’s meme coin is hardly a game-changer. While it has generated a significant horde of untraceable cash for Trump, who paid nothing for his shares, it has been an abysmal loser for nearly everyone else who was foolish enough to invest in it. In a conspicuous display of corruption, the coin opened for trading the day before his inauguration and quickly rose to about $74.00. It just as quickly collapsed to about $40.00.

Since Trump’s inauguration day his coin has headed straight down, losing another 75% of its value to land at it’s current price of about $9.80. Which means that anyone who bought into it lost huge sums of money. Not to worry though. It is likely that most of the big investors where not looking for profits in the first place. They were just using the coin as a vehicle to funnel money to Trump for favors, otherwise known as bribery.

Given the fiscal failure of Trump’s meme coin, for him and Newsmax to celebrate it as being a “Tracker” of Trump’s success is laughably ludicrous. Unless, that is, their point is to promote it as tracking how awful he is doing. In which case it’s spot on. However, their characterization of it representing some sort of financial bonanza is misleading in the extreme. And it is possibly a fraudulent attempt to persuade other gullible rubes to sink more money into this digital deadweight.

NOTE: Newsmax itself is something of an investment disaster. It began trading this year, reaching a high of $233.00. Two months later, it is now trading at about $16.00.

Trump’s meme coin is another corrupt enterprise by the same con artist who brought you the Trump Media and Technology Group (TMTG), the parent corporation of Truth Social. That venture has also lost fortunes for most of those that Trump suckered into it. Just since inauguration day it has lost about 50%.

Are you seeing the pattern here? The guy who bankrupted four casinos, was found liable for operating a phony charity, was ordered to pay $25 million in restitution to defrauded students of his bogus university, and who peddles cheesy, Chinese manufactured merchandise ranging from sneakers to bibles, is selling fiscal snake oil that enriches him and impoverishes the dupes who fall for his deceitful pitch.

Trump’s cult followers would be wise to heed the inadvertent message in the Newsmax article to which Trump linked. His meme coin is indeed a tracker of his success. And it is tracking a downward path into the Grand Canyon of corrupt investments. Buyer beware.

RELATED STORIES:

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.

Grifter Trump is Hawking His Stock and Crypto that Have Lost Gullible Rubes Billions of Dollars

Posted by on March 23, 2025 at 1:21 pm. 1 Comments :

Does the magnitude and shamelessness of Donald Trump’s corruption really surprise anyone anymore? Who could have guessed that the convicted felon responsible for bankrupting four casinos, stealing from his own charity, operating a phony university, and shuttering numerous hoaxes hawking everything from steaks, to air travel, to vodka, to magazines, to board games, would now be running money-losing hustles whose sole mission appears to be raking in cash for himself?

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

Donald Trump, Stock Market

The audacity with which Trump executes his scams is extraordinary. Most con men are generally conscious of the lawless risks they are taking and strive to disguise the nefarious nature of their scams. But not Trump. In recent days he has transformed the White House into a Tesla showroom to bolster the flagging business of his co-president and oligarch bro, Elon Musk.

Trump also dispatched his Commerce Secretary, Howard Lutnick, to Fox News to pump up Tesla’s “unbelievably cheap” stock. Lutnick, who like Trump and much of his Cabinet is a billionaire, also assured Fox News that his mother-in-law wouldn’t mind if her Social Security check didn’t arrive, and anyone who did mind was a “fraudster.” You know, like all those fraudsters who rely on Social Security to pay for rent, groceries, medicine, doctor’s visits, child care, and so many more critical financial obligations.

SEE THIS: PHEW! Trump’s Billionaire Commerce Secretary is Cool If His Mom’s Social Security Doesn’t Come

What’s more, Trump is now trying to turn the White House itself into vehicle for bribes. He’s soliciting corporate sponsors for this year’s annual Easter Egg Hunt. Which is, of course, illegal.

In addition to all of the above, Trump just posted on Truth Social a couple of comments whose sole purpose is to enrich himself. Just two minutes apart, Trump bragged that…

“I LOVE $TRUMP — SO COOL!!! The Greatest of them all!!!!!!!!!!!!!!!!”

[And…]

“TRUTH (Social) is on ‘FIRE’ (in a positive way, of course!). It is my Voice, and the Real Voice of America. Sign up TODAY, I have never let you down!”

This is what Trump is fixated on this morning.[Note: It aint grocery prices or national security or anything that the American people care about. It's just himself]

— News Corpse (@newscorpse.bsky.social) 2025-03-23T19:56:45.109Z

For the record, Trump’s crypto coin is down a whopping 84% from it’s launch a couple of days before his inauguration just two months ago. And Trump Media and Technology Group (DJT), the parent company of Truth Social, is down 50% from his inauguration, 68% year-over-year, and 88% from its all-time high. Suffice to say that those who were gullible enough to invest in those ventures lost billions of dollars.

Trump’s media company has been a disaster from the start. Here is a brief summation of its abysmal history…

Truth Social, Trump’s Pathetic Personal Propaganda Platform, Continues to Bleed Cash
In what may be the least surprising news of the year so far, Donald Trump’s flagship social media enterprise, Trump Media and Technology Group (TMTG) – the parent holding company of his failing Twitter ripoff, Truth Social – released its annual report on Friday that revealed just how big a failure it is.

Trump Wants to Run America Like his Businesses – Trump Media and Crypto – That are Crashing
Some analysts predicted that Trump’s businesses would enjoy a surge in value after his reelection. That has not been the case. Trump Media has declined 25% just since his inauguration. What’s more, Trump introduced a crypto coin just days before his inauguration. That has crashed 75% since then.”

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.

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.

Trump Wants to Run America Like his Businesses – Trump Media and Crypto – That are Crashing

Posted by on February 4, 2025 at 2:42 pm. NO Comments :

From the outset of his political misadventures, Donald Trump has sought to portray himself as an uncommonly successful businessman whose brilliance would benefit the nation that he promises to run just like he does his own businesses. However, when examining the real world record of Trump’s business management, that sounds less like a promise, and more like a threat.

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

As anyone who has done even a modicum of research knows, Trump has presided over a flurry of failures, including four bankrupt casinos, a fraudulent university, and cheesy consumer products ranging from steaks, to air travel, to vodka, to magazines, and to games. None of which exist anymore. Even his real estate ventures have been less than impressive. Many of them are just facades where he licensed his name to properties built by other developers. And many of those have since had his name removed.

Trump’s most recent effort is the Trump Media and Technology Group that is the parent of his Twitter ripoff, Truth Social. This attempt to cash in on social media has been spectacularly disastrous. It went public in March of 2024, and has lost 60% of it value since then.

There are some analysts who predicted that Trump’s businesses would enjoy a surge in value after his reelection. That has not been the case. Trump Media has declined 25% just since his inauguration less than three weeks ago. What’s more, Trump introduced a crypto coin just days before his inauguration. That has crashed 70% since then.

So anyone investing in the Trump brand since his reoccupation of the White House has lost a bundle of money. And anyone contemplating future investments will steer clear if they’re smart. One thing that Trump has established is that his ventures are scams that only serve to fatten his wallet at the expense of the rubes who fall for his pitch. Just take a look at the recent history of Trump Media…

Grifter-in-Chief Trump Puts His Truth Social Stock into a Phony Trust Controlled by His Son
A new SEC filing by the company revealed that Trump has transferred his majority share holdings to a revocable trust in an attempt to deceive the public that he is separating himself from financial interest in the enterprise. But like virtually everything else that Trump engages in, it is a thinly disguised scam structured to unscrupulously enrich himself.

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.

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.