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

Posted by Mark NC 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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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 Continues to Collapse as Its Biz Partner Loses Virtually All of its Funding

Posted by Mark NC on October 15, 2023 at 10:49 am. 3 Comments :

Donald Trump is a one man crime syndicate who currently has 91 felony counts pending in four criminal indictments. The charges against him range from paying hush money to a porn star, to falsifying business records, to unlawful possession of classified documents, to obstruction of justice, to election interference, to inciting an insurrection, and so much more.

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This is an unprecedented display of depravity that more closely resembles the behavior of an inept mob boss than a former president. And it is more than just a legal calamity for Trump. It is an embarrassment to the Republican Party and his cohorts in Congress who still support him and his criminal conduct, and upon whom he is relying for salvation.

Consequently, it should come as no surprise that Trump’s Twitter ripoff, Truth Social, is mired in the same sort of criminal controversies that have followed Trump for decades. And now it is suffering yet another setback as it barrels toward bankruptcy. According to reports…

“The funding partner for Trump Media & Technology Group (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.” […]

“The loss of funding for DWAC [Digital World Acquisition Corp.] appears to be a step backward for the prospective merger between the company and Trump’s media outfit, which runs Truth Social.” […]

“With the loss of the funding, it’s unclear how Trump’s media group, called Trump Media & Technology Group, would finance its operations after the merger. The plan was that DWAC would provide TMTG with a deep pool of funds after the merger was completed.”

TMTG’s CEO, former GOP congressman Devin Nunes, inexplicably called the fund forfeiture “an important step towards…completing our merger,” However, he didn’t bother to explain how the loss of nearly a billion dollars in financing would lead to that end, or how it would benefit shareholders.

For some background, shortly after Truth Social was launched it was tied to DWAC, a special purpose acquisition company (SPAC). The law prohibits SPACs from discussing potential acquisition targets prior to their formation. But laws have never been an impediment to grifters in Trump World. The stock immediately ran up to $175.00, which is where the now indicted investors bailed out with huge gains. The stock now sits at about $15.00.

There are good reasons for the stock’s abysmal performance. The whole enterprise is a sham that can’t 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 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 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. What’s more, DWAC agreed to a settlement with the SEC that includes a finding that the company violated anti-fraud laws and will require them to pay an $18 million civil penalty when/if the deal closes. And signaling deeper problems with the SPAC’s finances, its auditor has resigned.

This is par for the course for Trump, whose businesses have a habit of failing after he and a few insiders enrich themselves before the predictable collapse. But anyone investing in a Trump enterprise shouldn’t complain when they go belly up. They should know by now that he is a scam artist who is focused solely on his welfare. And if they don’t see it, it’s because they don’t want to. That’s how cults work.

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Trump’s Truth Social CEO Whines that Shareholders in His Alt-Twitter Scam Are Being Wiped Out

Posted by Mark NC on April 22, 2023 at 11:56 am. 1 Comments :

The single most unifying characteristic of the cult of Donald Trump – aside from the brazen and shameless lying – is their pathetic penchant for victimhood. For people who relentlessly brag about personal responsibility and inner strength, they sure cry a lot about how persecuted they are by everyone who is out to get them.

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Among the worst dispensers of this dreary disposition is former GOP representative – and current CEO of Trump’s Truth Social – Devin Nunes. Ever since he resigned from Congress to head up Trump’s pitifully failing social media scam, Nunes has done little but complain that the platform that he and Trump launched to avoid what they falsely perceived as censorship has been suppressed by the forces of the “Deep State,” radical liberals, and George Soros.

On Friday Nunes visited Newsmax to swing open his tear ducts with mournful moaning about the catastrophic business for which he is the chief executive. Nunes complained bitterly about…

“A major scandal that’s brewing at the SEC. Their willingness to play politics and discriminate against people who, like our little company, our startup company, you know, we want to go public. We want to merge with a company. The shareholders that bought into that company are being wiped out.

Truth Social CEO Devin Nunes says the investors in Truth “are being wiped out” by the SEC blocking them from going public: “We want to go public. We want to merge with a company. The shareholders that bought into that company are being wiped out.” pic.twitter.com/eUASqEtkne

— Ron Filipkowski (@RonFilipkowski) April 21, 2023

Awww. Poor thing. He’s been forced to admit that Truth Social is a total bust. The “scandal brewing” at the Securities and Exchange Commission (SEC) that Nunes is whining about is actually an investigation into allegations of insider trading and stock fraud. It involves Digital World Acquisition Corporation (DWAC), the shell company that the Trump Media and Technology Group (TMTG) was expected to merge with in order to land a spot on the stock market.

However, that plan has not gone particularly well. DWAC has declined in value by 80% from its high mark last October. Trump and Nunes cannot access the millions of dollars of investments pledged unless and until the merge is completed. Which doesn’t look very likely at this point. And since the only purpose of this sham venture was to either exact vengeance on Trump’s enemies, or enrich him personally, he appears to have failed on both counts.

In addition to the SEC probe, Trump’s operation is the subject of a Grand Jury in New York, for which all of DWAC’s board members have been subpoenaed. 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.

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

Meanwhile, Trump himself bailed on his crooked company. Just weeks before the Grand Jury subpoenas were served, Trump removed himself and Don Jr from the board of TMTG. While that doesn’t actually shield him from liability, it is further evidence that his business is a scam that never had any credible prospects for success. Which the hiring of Nunes, who had no experience whatsoever in media or technology, should have told everyone from the start.

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

Posted by Mark NC on October 16, 2022 at 10:10 am. 9 Comments :

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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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.

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.

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

Posted by Mark NC on October 6, 2022 at 9:51 am. 17 Comments :

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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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.”

CEO of floundering Truth Social, Devin Nunes: “Can you imagine where we would be had Trump not went out and created Truth Social? Maybe the most important creation in Trump’s career. It’s why I left Congress to go and do this.” pic.twitter.com/AOcOFRgqkQ

— Ron Filipkowski (@RonFilipkowski) October 6, 2022

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.

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Trump Toady Lies that Fox News ‘Destroyed CNN and MSNBC’ By Not Airing the January 6th Hearings

Posted by Mark NC on June 12, 2022 at 12:08 pm. 8 Comments :

The brazenness with which Republicans lie is often an astonishing display of depraved dishonesty. There appears to be no bar too low for them to slither under when it comes to misrepresenting reality. As George Orwell wrote in “1984”: “War is peace, freedom is slavery, and ignorance is strength.” The Cult of Trump could now add to that “Fox is news” and “Trump won!”

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Not that any more evidence is necessary to prove the point, but Trump toady, and CEO of Trump’s failing Twitter clone TRUTH Social, Devin Nunes, visited with Howard Kurtz, host of Fox News’ Media Buzz. During a segment about the decision by Fox News not air the House Select Committee hearings on the January 6th insurrection, Nunes unloaded a spectacularly false assertion about the television ratings for the telecast in the following exchange:

Kurtz: Let’s talk about the January 6th hearing Thursday night, primetime. You say it was totally partisan, and you could certainly make that case given that every member is anti-Trump. But let’s go beyond that. Does that mean the media shouldn’t cover it much? Does it mean they should dismiss videotaped depositions from the likes of Bill Barr, Jason Miller, Jared Kushner, Ivanka Trump?
Nunes: The way that I view it, Howie, is I think we have numbers now that are in, and you covered this. To put this in primetime, the numbers were way down. So I don’t understand how these big corporations – I know it was spread across some 20 different networks – when you compare Fox News which did not air that live, I mean just destroyed CNN and MSNBC in the ratings, right?
Kurtz: Networks like MSNBC did very well covering this hearing, Obviously, it would appeal to the liberal viewers of that network.

First of all, it’s important to note that Kurtz’s question improperly argued that the Committee is partisan because “every member is anti-Trump.” In fact, the Committee is bipartisan, by definition, because it includes members of both parties. There just happens to be bipartisan agreement that Trump is a liar who incited the storming of the Capitol.

More to the point, the claim by Nunes that Fox News “just destroyed CNN and MSNBC in the ratings” is flagrantly false. MSNBC far exceeded their usual audience, averaging 4.1 million viewers during the hearings. Fox News came in second with only 3 million, which is what they get on any ordinary night. So the same cult viewers tuned in to Fox just as they have been programmed to do.

What’s more, Nunes says that the numbers were “way down” for the hearings. Actually, they were far higher than anything these news networks have achieved in many years. More than 20 million people watched live, and even more millions watched via streaming, or delayed on DVRs or recasts. It was nearly twice the audience of game three of the NBA Finals.

For his part, Kurtz meekly replied that “MSNBC did very well,” dismissing the fact that they won their time period and beat Fox News. He also belittled the ratings win as the result of MSNBC’s “appeal to the liberal viewers,” ignoring the rest of the TV audience across many networks. And furthermore, Kurtz has no idea what the ideological make up of the audience was. Many conservatives and other non-liberals likely tuned in specifically because Fox wasn’t airing it.

Finally, in addition to lying through his teeth, Nunes didn’t even come close to answering Kurtz’s question, which was whether or not the media should cover the hearings. Obviously Fox News doesn’t want to cover them because, in addition to revealing that they have been lying about Trump and the insurrection for the past year and half, their audience would also see that their biggest stars were accomplices to Trump’s crimes.

You have to wonder why Nunes was interviewed on this program in the first place. He is not a member of Congress. He runs a Trump business enterprise/scam. And on that website people who posted the truth about the January 6th insurrection were banned. Kurtz never bothered to ask Nunes about that.

Trump also weighed in on the ratings for the hearings and, true to form, he attempted to gaslight his dimwitted cult disciples by claiming that the ratings were “really BAD…far lower than anticipated.” Which, as someone who worked on TV for fourteen years, he knows isn’t true, or he’s even more stupid than we thought. He also called the hearings a “Witch Hunt” because – well, everything he doesn’t like either a witch hunt or a hoax, isn’t it?

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SRSLY? Trump’s TRUTH Social Boss, Devin Nunes, Tells Fox News that ‘Twitter is a Ghost Town’

Posted by Mark NC on April 7, 2022 at 4:02 pm. 1 Comments :

What do wingnut Republican scam artists do when their much ballyhooed business ventures go bust? Well, if you’re Devin Nunes, the former congressman and fake farmer who is now the CEO of Donald Trump’s pathetic Twitter clone, TRUTH Social, you go on Fox News and tell flagrant lies about how successful you are.

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Trump’s TRUTH(less) (Anti)Social ME-dia platform is proving to be the biggest bomb on his wretched resume that already includes shuttered operations for his self-branded casinos, steaks, vodka, airlines, and universities. Nunes was unable to deliver on his promise that the site would be fully open for business by the end of March. Losers -er- users have been unable to log on. It has seen its signups decline by 93% since its “soft” launch..

Trump doesn’t even use the site. He posted a single “truth” a month ago and hasn’t been back to tend to his flock since. Therefore, Nunes (or perhaps Trump) determined that it was time to hit Fox News with some Grade A BS. He visited with Fox’s Senior Trump-Fluffer Maria Bartiromo (fresh off of fretting that Obama is secretly running the country) and unloaded these whoppers:

Bartiromo: What is your reaction to Elon Musk taking a 9% stake in one of your competitors, certainly, Twitter.
Nunes: I think it’s very interesting because the goal that president Trump has, and I have, and our team here at TRUTH Social, is to open the Internet back up so that the American people can get their voice back. So it’s clear that Twitter is kind of a ghost town. They desperately need Elon Musk to be there, so it’s probably something that Elon wants to do. He probably believes in free speech like we do. But at the same time there’s not very much activity over at Twitter right now, especially when you compare it to sites like ours where we’re just in our beginning stages as we continue to test and bring people on day by day. Our interactions are already beating twitter.'”

The CEO of Trump Media this morning: “Twitter is kind of a ghost town .. there’s not very much activity over at twitter right now, especially when you compare it to sites like ours .. Our interactions are already beating twitter.” ? pic.twitter.com/FXLwVu9Nyk

— Ron Filipkowski (@RonFilipkowski) April 7, 2022

So according to Nunes “Twitter is kind of a ghost town,” where there is “not very much activity.” Those lies are demonstrably untrue. But they weren’t enough for Nunes. He had to elaborate with the ludicrous assertion that TRUTH Social’s “interactions are already beating twitter.” Which should make one wonder what fumes he has been inhaling.

Even Trump has noticed the stink that TRUTH Social is emitting. He is said to be furious about the site’s failure, berating his aides and demanding to know “What the f*ck is going on?” Meanwhile, anyone who invested in Trump’s boondoggle has probably lost a bundle. News Corpse reported recently that the stock of the sham that was set up as a holding company for the business had dropped by some 37% in the first two weeks of March. It’s now down more than 50%. And according to Reuters, key personnel are abandoning ship. They also reported that…

“Another open question is how TMTG is funding its current growth. The company is planning to go public through a merger with blank-check firm Digital World Acquisition Corp (DWAC) . The deal is under scrutiny by the Securities and Exchange Commission and is likely months away from being finalized. […] Investors have pledged $1 billion to TMTG but they won’t hand over that money until the DWAC deal closes.”

This could be the worst part of all for Trump, and an explanation for his fury. It means that he may not be able to extract his share of the ill-gotten loot. Which, in all likelihood, was the only reason he got involved in it to begin with. And if Trump gets skunked, look for Nunes to be back in the fields with the cows he tried to sue.

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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Fox Nation vs. Reality:
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Trump’s PRAVDA, er, TRUTH Social Twitter Clone Flops as it Misses Yet Another Launch Date

Posted by Mark NC on March 31, 2022 at 11:36 am. 9 Comments :

America’s Biggest Loser is once again demonstrating just how adept he is at failing. Donald Trump has a record of business catastrophes that is unparalleled in modern times. His numerous, and narcissistically self-branded projects – from airlines to games to steaks to vodka – all ended as humiliating fiascos. Even his prized real estate ventures have proven to be duds.

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Now Trump’s latest scam – the hysterically named TRUTH Social – is joining the club. Devin Nunes, the former congressman and fake farmer who Trump tapped to be the company’s CEO, promised two weeks ago that the Twitter clone’s website would be fully open for business by the end of March. Well, here we are, but there appears to be little evidence of life on Trump’s pouty platform.

TRUTH(less) (Anti)Social has been unable to accommodate new users trying to sign up. A few hundred thousand of the Trump faithful are languishing on a stalled waiting list. Those who have gained access have found an echo chamber of fellow cultists whose homogeneous agreement is terminally boring. Trump doesn’t even use the site. He posted one comment a month ago and hasn’t been heard from since. What’s more, by all indications the app is not setting the social media world aflame. The Wrap reports that…

“Former president Donald Trump’s Truth Social app is seeing a 93% drop in signups and similarly steep decline in traffic after a rocky rollout last month fraught with technical issues and an extensive waiting list for new signups to actually use the service.”

None of this is going down well at Mar-a-Lago. Trump is said to be furious that his attempt to beat Twitter at their game has cratered so badly. The Daily Beast reports that…

“In recent weeks, sources have heard the former president on the phone swearing gratuitously and asking things like, ‘What the f*ck is going on’ with Truth Social. He’s repeatedly groused about the negative press and the less-than-stellar optics of the rollout, these sources said. And he’s demanded to know why more people aren’t using it—why the app isn’t swiftly dominating the competition.”

Trump has done more than demand to know why his baby is such a disaster. He has also been issuing impotent orders in utter desperation. He recently begged his glassy-eyed disciples to abandon Twitter and called for it to be outlawed, saying that…

“They shouldn’t be allowed to do business in this Country […] Everybody should drop off of Twitter and Facebook. They’re boring, have only a Radical Left point of view, and are hated by everyone. They are a disgrace to our Nation.”

Who would have thought that a former reality TV game show host could have bombed so spectacularly in both business and politics? Trump has the unique distinction of having lost the popular vote twice, being impeached twice, and never having an approval rating that hit 50%. And it only got worse from there.

Following his occupation of the White House, Trump incited a deadly insurrection and spent the next fifteen months whining about alleged election fraud for which he he could provide no evidence. And now he is tightening his treasonous embrace of Vladimir Putin. It makes one wonder how any rational person would consider investing in him as a businessman or a politician.

It’s safe to assume that Trump’s tribulations will continue for the foreseeable future. He has proven the newly coined adage represented by the acronym ETTD: Everything Trump Touches Dies. But at least he succeeded in getting Devin Nunes out of Congress and ridding Twitter of some its most annoying trolls.

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
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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 Twitter Ripoff Follows in the Footsteps of His Prior Failures

Posted by Mark NC on February 21, 2022 at 2:23 pm. 5 Comments :

If there is one thing that is consistent about Donald Trump, it’s his unchallenged status as America’s biggest loser. He has seemingly boundless ability to screw up everything he touches. The former reality TV game show host, who was evicted from the White House after a single disastrous term, also has a resume of humiliating failure that is unmatched. It includes his four bankrupt casinos, his fraudulent university, his steaks, his vodka, his airline, his D.C. hotel, his scam charitable foundation that was shut down because it was stealing funds, and so much more.

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Trump also bears the dishonor of being the first president in history to be impeached twice. He is the first president in decades to leave office with fewer people employed than when he started. He exploded the national debt by cutting taxes for corporations and the wealthy. He incited deadly riots in Washington, D.C. by insurrectionist mobs. And he is directly responsible for the deaths of nearly a million Americans due to his incompetent mishandling of the COVID pandemic.

Now Trump has proudly launched what he delusionally believes will supplant Twitter in the social media space. But his ironically named “TRUTH” Social (named after Russia’s news outlet Pravda, which means truth?) got off to an ignominious beginning. As reported by the Daily Beast…

“Would-be users of Trump’s new app merely struggled to create an account after Sunday night’s launch. Around 11 p.m. ET, select users who tried to create accounts were repeatedly met with a red error warning: ‘Something went wrong. Please try again.'” […]

“On Sunday, Devin Nunes, the former Republican congressman-turned-CEO of Trump Media & Technology Group, said that he hopes the new app will be fully operational by the end of March.”

This inauspicious introduction was met with appropriate mockery. Democratic Rep. Ted Lieu tweeted that “Many people say that if #TruthSocial can’t even handle opening new accounts, how will it keep your account from being hacked? Also, the problems won’t be fixed until late March. So is their staff like 2 people, the failed Devin Nunes and his cousin’s friend who is the coder?”

From the other side of the aisle Republican Rep. Adam Kinzinger also tweeted that “Social media sadly thrives on conflict. #truthsocial (which is ironically named) will be boring and fail, because it will be all Trump-fed drones. BUT, please don’t come back to real social media if you left for Trump and Nunes great idea. You get your one shot.”

These are all good points. What’s more, it bears noting that TRUTH Social’s user base has a ways to go before it can considered competitive with Twitter’s 200,000,000 users. At present there is a significant difference in the potential for interactions between the two platforms. For instance, Trump had more than 88,000,000 followers on Twitter. He has 175 followers on TRUTH Social. Country singer Travis Tritt has 286,000 followers on Twitter. He has 40 followers on TRUTH Social. GOP Rep. Madison Cawthorn has 364,000 followers on Twitter. He has 0 followers on TRUTH Social. With stats like that Trump’s cult disciples are surely going to rush to delete their Twitter accounts and live exclusively on TRUTH Social. Right?

It’s easy to see why Trump is so anxious to make this move. He has been banned on Twitter. And he has lost about 98% of his likes and retweets that are now posted by his Twitter ban defying spokes-shill, Liz Harrington. But he is unlikely to restore his former online glory. For one thing, his Twitter clone (built on open source software for which he is violating the license of the original developers) will be competing with other conservative social media sites (Gab, Parlar, Gettr, and the MyPillow guy’s FRANKSpeech) that beat him to the market (and are failing anyway).

It is also notable that Trump is hailing his venture as a haven for free speech. Which is hysterical given that the terms of service explicitly prohibit any criticism of the site or its operators. Which means that there can be no criticism of its Chairman, Donald Trump.

However, Trump has a business plan that he’s convinced will rocket him to the top of the conservative garbage heap. He’ll just sue his competition, or try to outlaw them, and if that doesn’t work just ask everybody to ditch them:

“Twitter is a disgrace to democracy. They shouldn’t be allowed to do business in this Country. […] Everybody should drop off of Twitter and Facebook.”

That should do it. Now there will probably be hordes of Trump Deplorables signing up for TRUTH Social any minute now, just waiting to interact with people who think exactly like they do in a community that is a tiny fraction of what Twitter has. What could be more fun? Let’s hope that they find happiness there and, as Rep. Kinzinger said, “Please, don’t come back.”

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.

Devin Nunes Sues NBC Because Rachel Maddow Revealed His Affairs With Russian Agents

Posted by Mark NC on August 4, 2021 at 10:30 am. 3 Comments :

Republican Rep. Devin Nunes has distinguished himself as one of Congress’ most mockable characters. He’s the sort of representative who believes that being asked if he wants a straw by a waitress is a sure sign of socialism. So what does a serially litigious Republican gadfly like Nunes do after he’s lost an embarrassing lawsuit against an imaginary cow on Twitter?

Well, now that a court has ordered Nunes to “Don’t have a cow, man,” he is tilting at a new legal windmill that he believes is a cancer on his already tawdry reputation. Bloomberg News is reporting that…

“California Republican Congressman Devin Nunes sued NBCUniversal Media alleging that MSNBC’s liberal talk show host Rachel Maddow defamed him with on-air suggestions he’d conspired with a Russian agent to rig the 2016 presidential election for Donald Trump.

“Nunes, who is the ranking member of the House Intelligence Committee, says Maddow has repeatedly targeted him with defamatory statements that accuse him of obstruction of justice and treason.”

In other words, Nunes is suing NBC because Rachel Maddow reported accurately about his unsavory relationships with Russian operatives, and his complicity with using disinformation to smear Joe Biden in order to prop up Donald Trump’s dwindling election prospects. Nunes is seeking unspecified damages for “insult, pain, embarrassment, humiliation, mental suffering and injury to his reputation.” Based on that enumeration of alleged harm, Nunes should be suing himself.

For some reason Nunes filed this complaint in federal court in Sherman, Texas, despite the fact that he represents a district in California, and NBC is headquartered in New York. Do you think he’s “venue shopping” this silliness? Where else could he hope for a favorable verdict in this quixotic adventure?

Nunes must know that he doesn’t have a prayer of prevailing. Particularly when there is virtually nothing of substance on which to hang his case. The commentary Maddow delivered hewed closely to the known facts at the time of her broadcast. And the truth is a valid defense in a defamation case. Maddow correctly reported that…

“Last summer, Democrats on the Intelligence Committee in the house learned that that same guy, Derkach, had mailed a stack of unknown materials to a Republican congressman named Devin Nunes, who is the top Republican on the Intelligence Committee to this day. Andriy Derkach is sanctioned by the U.S. government as a Russian agent. He is singled out by name by the Director of National Intelligence as someone under Vladimir Putin‘s direct purview who helped run this operation targeting our election last year.

Rachel Maddow just reminded Republicans that Devin Nunes is a Russian asset. #maddow pic.twitter.com/3iavLy5SgW

— Sarah Reese Jones (@PoliticusSarah) March 19, 2021

None of that is even being disputed by Nunes. His case rests on Maddow’s assertion that he failed to turn the suspicious package from the Russian agent over to the FBI, or even share it with his colleagues on the Intelligence Committee. However that was true when she reported it. Given that he has no case, it will be interesting see how discovery shakes out, if Nunes even allows it to go that far.

In addition to ludicrous and failed suits against Twitter for satirical accounts pretending to be his mother and his cow, Nunes has also filed unsuccessful, multi-million dollar suits against the Washington Post (which was dismissed), Esquire (which was thrown out), McClatchy (which was dropped), and CNN. With regard to the action against CNN, Nunes not only lost, but his attorney was sanctioned and ordered to pay CNN $21,000 for filing a frivolous defamation claim.

All of this makes the anticipation for the latest Nunes legal battle more exciting. He seems to be impervious to shame as he continues to humiliate himself in courts across the country. And in the end, all he succeeds in doing is reminding everyone about his potentially treasonous dalliances with Russia and his efforts to subvert democracy. So hopefully, he keeps it up.

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. Also, Be sure to visit and follow News Corpse on Instagram. Thanks for your support.

How Fox News Deceives and Controls Their Flock:
Fox Nation vs. Reality: The Fox News Cult of Ignorance.
Available now at Amazon.

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