Scam

Truth Social Parent Plans Desperate Share Buyback to Boost its Failing Stock and Enrich Trump

Posted by on June 23, 2025 at 12:21 pm. 3 Comments :

America’s Grifter-in-Chief, Donald Trump, has tried an extensive number of financial scams intended to fatten his wallet at the expense of his gullible cult followers. They range from selling cheesy merch like sneakers, phones, bibles, and crypto, to committing fraud that resulted in 34 felony convictions.

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Trump Baby on Cash Pile

Among Trump’s most transparently dishonest ventures is his stake in the Trump Media and Technology Group (TMTG), which is the parent corporation of his Twitter ripoff, Truth Social. TMTG has been a disastrous investment that has lost billions of dollars for Trump’s faithful, while funneling untraceable cash – perhaps from conflicted businesses and foreign agents – into Trump’s personal accounts. And he has a whole network dedicated to that pursuit.

SEE THIS: THE TRUMP INDEX: While Trump Tanks the US Economy, What’s Going on With the Trump Cult Economy?

Unfortunately for those who trusted Dear Leader, the stock value of TMTG has cratered more than 50% since Trump’s inauguration. Which is to be expected from a company that has done nothing but lose money from the day it opened for business. So what does a sham enterprise like TMTG do under these dreadful circumstances? They just announced that they are planning a share buyback program. As reported by the Associated Press…

“President Donald Trump’s media company plans to buy back up to $400 million of its stock, which have lost 46% of their value this year. […] It will retire the shares after they are purchased, meaning these particular shares can’t be reissued.”

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 in Trump Media, with about 114 million shares that he paid nothing for. However, since the announcement, TMTG’s shares have been flat, or even declined.

The tepid reaction to the buyback says something about the quality – or lack thereof – of that investment. But at least we know that they are trying to grease Trump’s palm, even if it isn’t working. Which is nothing new for TMTG. Here is a look back at it’s prior efforts to fleece Trump’s flock.

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.

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

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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.

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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.

Trump’s ‘Mugshot Edition’ NFT Card Scam Sneaks In Terms that Confirm He is a Brazen Grifter

Posted by on December 15, 2023 at 1:57 pm. 4 Comments :

Throughout Donald Trump’s career in business and politics he has established himself as a deceitful, exploitative con man whose only interest is enriching and empowering himself. It’s why he has so often stiffed his vendors and partners, shuttered fraudulent operations (i.e. his university, charitable foundation, casinos, etc.), and declared half a dozen bankruptcies that left his creditors in the lurch while he pocketed the spoils.

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Trump Trading Cards

Trump’s latest swindle is the release of the “Mugshot Edition” of his allegedly collectable NFT cards. These are digital images that cost next to nothing to make, and that he has licensed for sale by a third party vendor at $99.00 a piece. He announced this boondoggle on another one his scams, Truth Social, that is losing millions of dollars and has warned investors that it could soon go belly up.

SEE THIS: Trump’s Truth Social Reports Massive Losses and Warns that it Could Go Out of Business

Never mind that Trump’s previous edition of NFTs was a flop that lured suckers into paying inflated prices that quickly declined when it turned out that there were no buyers for his worthless digital trash. The new edition is likely to follow the same path.

Trump is once again charging $99.00 for his faked pseudo-photos. And this time he is adding a couple of bonuses to encourage his flock to shell out. In order to qualify for the bonus a buyer would have spring for the full 47 piece collection, for a total price of $4,653.00. For that lofty sum you could “win” either a dinner with Trump at Mar-a-Lago, or a special edition physical card with an actual swatch from the suit he wore when he surrendered to authorities in Georgia for his mugshot.

There are, however, a couple of problems with the contest. For one thing, the winner of the dinner would have to pay all of the transportation and lodging costs. Which likely means that the winner would be paying Trump to stay in his own hotel. As for the suit swatch, there is no way to affirm that it actually came from his suit, as if anyone really cared.

More troubling is the small print in the “terms and conditions“ attached to the bonuses. For both prizes the terms state that:

For the mugshot card…
“In the event the Bonus Physical Card cannot be fulfilled due to an issue in the manufacturing, production, or delivery on the Bonus Physical Cards, individuals who qualified for the Bonus Physical Card will be awarded a limited edition Trump NFT in lieu thereof, as determined by us in our sole discretion,” the terms and conditions say.

For the dinner…
“In the event President Trump is unable to attend the Bonus Gala Dinner,” or the dinner cannot happen for any other reason, “then we may reschedule the Bonus Gala Dinner or individuals who qualified for the Bonus Gala Dinner will be awarded a limited edition Trump NFT in lieu thereof, as determined by us in our sole discretion,” according to the terms.

In other words, at the “sole discretion” of Trump, and/or his vendor, the prizes could be forfeited and another worthless NFT awarded in their place. All for just $4,653.00. And the saddest part of this is that a fair number of Trump’s glassy-eyed cult followers will still likely salivate over the opportunity to be duped by The Donald.

It’s astonishing how gullible people can be when wooed by a former reality TV game show host whose past is replete with purposeful fraud. But they can take comfort in the knowledge that, in the end, they will get precisely what they paid for. And that Trump will have a good laugh at their expense.

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on Twitter and Facebook and Instagram 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.