Stock Market

Trump’s Truth Social is Creating ‘Non-Woke’ Investment Portfolios for MAGA Cult Investors/Dupes

Posted by on April 17, 2025 at 12:46 pm. 1 Comments :

It just never stops. Donald Trump, the Grifter-in-Chief, has spent his life peddling scams to anyone who was gullible enough to fall for them. He may have begun with gaudy, overvalued condos, elitist golf club memberships, and now bankrupt casinos, but he quickly expanded into cheesy merchandise like digital trading cards and swatches from the suit that he wore for his mug shot photo.

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

Donald Trump, Stock Market

Even after Trump’s occupation of the White House, he didn’t slow down his sleazy swindle ops that included pitching products so ludicrous that professional comedians couldn’t keep up with their comparatively mild swings at satire. Trump had the market cornered on comically corrupt commodities. And speaking of commodities, Trump has been dealing in those as well…

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

Now the Trump Media and Technology Group (TMTG), the parent company of his failing Twitter ripoff, Truth Social, is officially entering the financial services business. In an announcement on Thursday, TMTG revealed that…

“Trump Media and Technology Group (TMTG) has partnered with two other companies to create investment portfolios that they say will support ‘non-woke’ companies. […] In a press release, TMTG said the SMA strategies it was unveiling were called ‘faith & values,’ ‘liberty & security,’ ‘energy independence’ and ‘made in America.’ It did not expand on which particular companies it would be investing in.”

This should thrill the MAGA cult disciples who have been wondering how they could lose even more money by investing in certified losers that are endorsed by Trump. 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? Just look at Trump’s crypto coin that has lost 90% of its value since its launch two months ago. Or Trump’s TMTG that has lost 88% from its high mark.

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

While TMTG hasn’t revealed what companies it intends to invest in, it isn’t hard to speculate. It is likely that Tesla will be among them. Also, the Trump-fluffing Newsmax cable network. Notably, the stocks of both of those businesses have cratered since Trump was inaugurated in January.

And not coincidentally, so has the stock market overall, primarily due to Trump’s recessionary economic plans featuring his inflationary tariffs. All the more reason that investors should be careful to avoid Trump’s “pump and dump” tactics that look suspiciously like illegal stock manipulation and insider trading. This may account in part for the extraordinarily large amount of short positions (betting the stock will decline) in TMTG.

UPDATE: Judd Legum of Popular Info has detailed how this venture by TMTG is structured to funnel funds to Trump. He writes that…

“Trump will profit from these accounts in two ways. First, TMTG will invest a portion of its cash reserves in accounts. Secondly, as the majority shareholder in TMTG, Trump will benefit from the fees generated by these accounts. […] But Trump, as President, will also be able to significantly influence the performance of these assets through tariffs and other policies.”

So before anyone actually invests in anything that is promoted by Trump, you may want to take a look at how disastrous his business enterprises have been lately, and how they are really only intended to enrich himself…

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.

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

Posted by on April 13, 2025 at 1:45 pm. 1 Comments :

On what Donald Trump called “Liberation Day” (April 2, 2025) – the day that he liberated most Americans from the funds in their savings and retirement accounts – he promised to revitalize the U.S. economy and bring millions of jobs back from foreign countries that he said were ripping off America by selling way too much of what they produce to American buyers eager for bargains.

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

Trump Baby on Cash Pile

Yes, that complaint makes no sense whatsoever to anyone with a 6th grade grasp of economics. Which eliminates Trump. But it is what Trump and his MAGA minions are insisting is the brilliant plan that is elevating the United States to new heights of wealth and is working precisely as it was intended, despite his having reversed course several times and capitulated meekly to foreign adversaries.

SEE THIS: Trump Cult Priestess, Karoline Leavitt, Preaches to ‘Trust in Trump’ to Bring Economic Salvation

In the two weeks that have transpired since being “liberated,” the stock market has gyrated wildly and ended up about 2,000 points lower than where it was before Trump’s tariff blunders, and 4,000 points below where it was when he inherited it from President Biden.

So while the nation – and the world – is suffering the dreadful consequences of Trump’s purposeful incompetence, it seems like a good time to see how all of this has affected what could be called the “Trump Index” a bundle of investments affiliated with the confounder-in chief.

Trump Media and Technology Group (DJT):
The natural place to begin is with Trump’s own business that is the parent of his failing Twitter ripoff, Truth Social. Investors in this dog have lost about 50% from its price on Trump’s inauguration day twelve weeks ago. And it’s down a whopping 89% from its all time high.

Trump Meme Coin:
This is Trump’s entry into cryptocurrency that he launched on the day before his inauguration. And its performance since then has been a dismal decline of about 90%.

Newsmax (NMAX):
This notoriously pro-Trump MAGA media outlet went public about two weeks ago. Since then it has dropped 91% from its trading highs, making early investors significantly poorer, while simultaneously making them significantly more ignorant.

Rumble (RUM):
This is the MAGA world answer to YouTube. They record and post virtually every public appearance by Trump with unabashedly biased commentary from their Trump-fluffing correspondents. It has declined 43% since Trump’s inauguration.

Tesla (TSLA):
The automaker headed up by Trump’s billionaire oligarch, co-president, and director of the phony Department of Government Efficiency (DOGE), Elon Musk, has suffered a sever decline of 41% since Trump was sworn into office in January.

But not to worry. Trump and his cabal of billionaires will be just fine. They may have lost a small portion of their wealth, but only their loyal cult followers will feel the brunt of these abysmal investments. The the real targets of their economic assault – the American people – will be the most seriously wounded victims of this class war. And of course, it is, as Trump and his cohorts insist, all going according to their plan. Comforting, isn’t it?

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.

Did Trump Commit Illegal Stock Manipulation and Insider Trading Prior to His Tariff Cave-In?

Posted by on April 9, 2025 at 12:49 pm. 0 Comments :

On April 2, 2025, Donald Trump declared that it is “Liberation Day,” in America due to his imposition of punitive tariffs on most of the world that were widely predicted to result in inflation, recession, and unprecedented deliberate harm to the American people and American businesses.

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

Donald Trump, Prison

Immediately after Trump’s announcement, the stock market went into free fall, wiping out about $6 trillion in assets and depleting the savings of millions of investors and private citizens, especially seniors who would need those funds as they prepare for retirement. But not to worry, as Fox News warned their glassy-eyed viewers to clam up, because any criticism of Dear Leader and his disastrous economic policies were unpatriotic.

SEE THIS: Fox News to Retirees: STFU About the Huge Losses Due to Tariffs, Because It’s Just Like Wartime

On Wednesday morning Trump did what he swore he would never do: Reverse course and rescind his tariffs. Despite the fact that he adamantly objected to any reports that he was considering to pause his plans, he has now paused his plans for 90 days. And he got absolutely nothing in return for doing so. He posted a rambling comment on his failing Twitter ripoff, Truth Social that said “I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period.”

However, there is another decidedly troubling component to this situation. At 6:37am ET, Trump posted a comment saying that “THIS IS A GREAT TIME TO BUY!!!” Then a few hours later he caved on his tariffs that he previously insisted were “here to stay.” So by announcing that it was a great time to buy, when he knew that he would shortly be pausing the tariffs, was he in violation of stock manipulation and/or insider trading laws?

CRIMINAL STOCK MANIPULATION AND INSIDER TRADING?Trump posted a message saying that "THIS IS A GREAT TIME TO BUY!!!" Then a few hours later caved on his tariffs that he previously insisted were "here to stay."Why isn't he in prison? #TrumpRecession

— News Corpse (@newscorpse.bsky.social) 2025-04-09T18:18:57.742Z

Trump cannot pretend that his buying advice was unrelated to to his tariff pause, or that he didn’t know about it at the time. His Treasury Secretary, Scott Bessent, had already tweeted that he and Trump discussed it on the previous Sunday. Bessent wrote that…

“Trump and I had a long talk on Sunday and this was his strategy all along. You might even say that he goaded China into a bad position.”

Clearly Trump knew that he intended to pause his tariffs days before he did so. And he knew how that would affect the market, because on Tuesday a rumor to that effect caused the market to take a sharp upward spike briefly, until the White House shot it down. Also, note that Bessent’s comment included his opinion that Trump never intended to resolve the trade issue with China. Instead, he was hoping to inflame it by “goad[ing] China into a bad position.” How is that in the best interests of the U.S. or the American people?

Furthermore, since Trump’s pause did not include America’s biggest trading partner, China, on whom he actually increased tariffs to 125%, the detrimental impact of the tariffs would remain in tact. What’s more, there are no details of how other countries would be impacted by the pause, or which ones were included. Since Europe, Canada, Mexico, and other countries with significant trading volume did not capitulate to Trump, it would be fair to assume that they were not included in the pause.

Consequently, this pause would have little effect. Pausing the tariffs on tiny nation-states like Lesotho, and an island inhabited only by penguins, isn’t likely to increase America’s trade prospects. However, the advance notice that Trump gave to his MAGA minions could reap them substantial profits. And perhaps for himself as well, since Trump has his own investment portfolio that will likely rise due to his potentially unlawful machinations. Imagine if President Biden had done this. Republicans would be reassembling the guillotine they built on January 6, 2021.

UPDATE: Democratic senators call for probe into possible insider trading over Trump tariff reversal

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.

Jon Stewart Obliterates Trump’s Abysmal Economic Crapulence: Trump Released the Contagion

Posted by on April 8, 2025 at 11:43 am. 0 Comments :

The devastation that millions of Americans have suffered due to Donald Trump imposing his profoundly ignorant torrent of tariffs on nearly every country across the globe (except of course for Russia), has produced results that can and were predicted by knowledgeable economists and trade experts.

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

Jon Stewart, Donald Trump

Now, after the stock market has wiped out some $6 trillion in assets, even some of Trump’s biggest backers and donors are starting to call him out for upending America’s relationships with the world, and for needlessly harming so many innocent people, including many of those who voted for him because he promised to lower the cost of living and improve the state of the nation’s economy. Which was already booming when he inherited it from President Biden. Even Fox News is beginning to wobble…

SEE THIS: UH-OH: Fox News Trump-Fluffer Admits that Trump’s Tariffs Will Fuel Higher Prices and Recession

Naturally, the knee-jerk response by the faithful devotees of the Trump cult is to stiffen their noodly spines and lie that everything is fine and is going precisely according to plan. Consequently, we have people like…

Peter Navarro (Trump’s senior counselor for trade) celebrating that “There’s going to be plenty of jobs for robots” as Trump’s policies pan out.

And there’s GOP House Speaker MAGA Mike Johnson begging everyone to “give him space,” to let his strategy work. But rest assured that when it fails Johnson will be calling it Biden’s strategy.

And the Trump-fluffers on Fox & Friends are consoling their viewers to relax because “If it doesn’t work, [Trump] can always go back to the way it used to be.” Right! But after all the damage has already been done, who’s gonna reimburse those who lost their life savings? Trump? Fox News?

Another example of a Trumpist pitching a blatantly dishonest perspective on Trump’s still unfolding catastrophe was the Director of his National Economic Council, Kevin Hassett, who rushed off to Fox News (where else?) to praise Trump for being a master dealmaker and author of “The Art of the Deal,” In reality, Trump is neither.

While it may seem that there is nothing funny about any of this, Jon Stewart of the Daily Show tackled this subject Monday night and found a way to be both educational and hilarious. He hit on a variety of critical components of the Trump economic fiasco, such as…

  • On Tarriffs: They are both a negotiation and not a negotiation – both temporary and permanent.
  • On Job Creation: Millions of people screwing in little screws – We are robot fluffers.
  • On the Stock Market Crash: We should be impressed by how smoothly it went.
  • On Trusting Great Negotiator Trump: His own book cites his “successes” – Like his casinos that went bankrupt.

As is often the case, comedy is proving to be a better vehicle for informing the public than much of the mainstream news. It not only delivers complex facts in a digestible and understandable format, it offers the emotional release that most people can relate to when confronted by such disturbing facts. Conventional journalists should be watching and taking notes.

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.

The Daily Show Hysterically Skewers Trump and Republicans for Blatantly Lying About Tariffs

Posted by on April 4, 2025 at 1:36 pm. 1 Comments :

Two days after “Liberation Day” (as Donald Trump likes to call the day he imposed his disastrous tariffs on the world), the stock market is once again in a tailspin, erasing much of the gains from the past few months and depleting the savings of millions of investors and especially retirees. It’s the worst decline since March of 2020, during COVID. And it’s a wholly self-inflicted economic apocalypse that Trump somehow regards as proof that everything is – in his own words – “going well.”

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

Donald Trump Circling the Drain

Sure it is. It’s going to be just fine if you happen to have a few billion dollars and can spend your days playing golf and sailing on your superyacht. The rest of us need to just STFU and put our blind faith behind Dear Leader Trump who, despite having bankrupted four casinos, and presided over the last stock market crash, and has embraced the world’s wealthiest robber barons (Musk, Zuckerberg, Bezos, Putin, etc.), is hailed by the MAGA cult as an infallible messiah.

SEE THIS: TRUST IN TRUMP? That’s the Only Solution Offered By the Trump Cult to Counter His Disastrous Tariffs

As is often the case, the truth about many of America’s most prominent catastrophes has been summed up in the insightful political satire of The Daily Show. Host Michael Kosta did a better analysis of Trump’s tariff fiasco than much of the mainstream media. He began by putting the blame for the nation’s ills where it belongs… On all of us.

“Whether you like it or not, Republicans don’t want to hear your bitching, because we all knew this was coming.”

[Plays clip of MAGA media hacks saying that everyone knew prices would go up]

“That’s right voters. You can bellyache all you want, but we all knew what we were voting for. Trump was very honest during the campaign that tariffs would drive prices higher, right? Right? RIGHT?”

[Plays clip of Trump promising that tariffs would not drive prices higher]

“Okay, technically he said prices wouldn’t go up, but in his defense, he was lying. And you should have known that, so that’s on you.”

See? It’s the fault of voters for not knowing that everything Trump says is a lie. And sadly, in this regard, Kosta is actually making a good point. The people who voted for Trump had mountains of evidence, compiled over dozens of years, that he couldn’t be trusted to tell the truth about anything. And yet, they voted for him hoping that this time he would come through and fulfill the promises that he made, despite having no idea how to do so, or any record of having done it in the past.

The question going forward is whether those voters will believe anything that Trump is saying now. He continues to defend his horrendously harmful policies, even insisting in an all-caps post on his failing Twitter ripoff, Truth Social, that “MY POLICIES WILL NEVER CHANGE.”

That declaration is wrong on so many levels. First of all, he has already said that he would change his tariff policies for any country that agrees to make concessions. Secondly, never changing the policies, if he held to that, would mean permanent tariffs and permanent higher costs for American consumers. Third, this comment was meant to assuage the concerns of potential investors, who already don’t trust him and regard him as unreliable and unstable. For good reason.

So Trump’s declaration that his policies will never change is not only another lie, it would be devastating if it happened to be a rare instance of him telling the truth. Which, to be fair, he has done on occasion. For instance, on Friday morning he posted a comment on Truth Social that was surprisingly honest, saying that “Trump is Purposely Crashing The Market.” Of course he is. Because…because…be…oh f*ck it!

Trump actually posted this on his failing Twitter ripoff, Truth Social, that "Trump is Purposely Crashing The Market."There…Feel better now?

— News Corpse (@newscorpse.bsky.social) 2025-04-04T17:10:53.997Z

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.

TRUST IN TRUMP? That’s the Only Solution Offered By the Trump Cult to Counter His Disastrous Tariffs

Posted by on April 3, 2025 at 1:34 pm. 1 Comments :

Now that “Liberation Day” – as Donald Trump calls the day he imposed his recessionary Trump Tax/tariffs – has come and gone, the consequences of his glaring ignorance and greed are being seen in the stock market, where investors are voting with their wallets to get out of the U.S. economy before it slides into recession or worse.

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

Donald Trump, Stock Market

Even before Trump’s tariffs, the economy that he has mismanaged so terribly was crashing like a SpaceX rocket. March was the worst month for the stock market since December of 2022. Job creation has slowed. And consumer confidence has nose-dived. Not that Trump cares anything about any of that. His only interests are in what benefits him and his wealthy benefactors.

Meanwhile, his MAGA media propagandists have been struggling to put a happy face on his failures. And anyone who disagrees needs to keep their mouths shut and accept that it’s their lot to suffer so that Trump et al can prosper.

SEE THIS: Fox News to Retirees: STFU About the Huge Losses Due to Tariffs, Because It’s Just Like Wartime

In the midst of the market meltdown, Trump dispatched his cult proselytizers to paper over the catastrophe that he has created. It is a full-on blitz of bullsh*t aimed at convincing his gullible followers that everything is hunky-dory. Pay no attention to that crater in your 401K. In fact, it’s all going according his divine plan that cannot fail, but that he cannot disclose.

For example, Trump’s Commerce Secretary Howard Lutnick, told CNN that everyone just needs to stop worrying and be happy. Dear Leader has everything under control. Y’all are too stupid to comprehend his plans. So…

“Let Donald Trump run the global economy. He’s knows what he’s doing. He’s been talking about it for 35 years. You gotta trust Donald Trump in the White House. That’s why they put him there. Let him fix it. It’s broken. Let him fix it. Thirty-six trillion dollar deficit is gonna ruin our children’s lives and our grandchildren’s lives. Let Donald Trump fix the American economy.”

Cult Pastor, Howard Lutnick, delivers today's sermon exalting Dear Leader Trump:"Let Dear Leader do whatever he wants. He has already bankrupted 6 companies & led many other failures. You must trust him & obey him. Let him "fix" the economy on behalf of his oligarch apostles."

— News Corpse (@newscorpse.bsky.social) 2025-04-03T16:48:22.264Z

Got that? Just let Dear Leader fix everything with his magic thumbs up sign. He knows what he’s doing. After all, he only has six bankruptcies and dozens of other failed enterprises, from board games to vodka to universities, and more. And he only killed a few hundred thousand people by mishandling a deadly pandemic. And he only presided over the worst era of American diplomacy, alienating our allies and embracing our enemies. So just let him fix it. Okay?

For another example, on Thursday morning’s episode of “Outnumbered,” Fox News co-host Kayleigh McEnany (and former Trump press secretary) gushed adoringly that – as noted above – Trump has everything under control. Just follow him blindly.

“You heard the White House there saying this is not part of a negotiation. This is here to stay. I firmly believe that is posturing. This is the great dealmaker, the great negotiator, and he’s someone who understands how to get to a good end result […] We’ll see what happens, But I would not be surprised if the great negotiator has an end game in mind.”

See? He “has an end game in mind.” So don’t be surprised, dammit. How dare anyone question his plans that he won’t reveal. But you do have to wonder by what measure these people believe that Trump is a “great negotiator”? What great negotiation has he ever concluded? Virtually every one of his business ventures have failed or underperformed. His idea of negotiating is threatening people and refusing to pay. His alleged deal-making prowess is limited to his name being on the cover of a book called “The Art of the Deal” that somebody else wrote.

Therefore, why should anyone trust Trump about anything? Particularly anything related to economic matters. If you really want to know what people think of Trump’s tariffs, listen to what some of his current cult apostles said before they drank the Kool Aid…

Everyone of these MAGA GOP hypocrites are now kowtowing to Trump and supporting the Trump Tax – aka Tariffs – despite the fact that they know they hurt American consumers and will result in higher inflation and recession.Because they are cowards and/or cultists.

— News Corpse (@newscorpse.bsky.social) 2025-04-03T18:20:42.486Z

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. 0 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.

Trump’s Truth Social Scam Crashes as He Brags that It’s Booming Because He’s Winning (He’s Not)

Posted by on November 1, 2024 at 3:37 pm. 1 Comments :

Donald Trump is fond saying that any good news that happens anywhere in the world is due to him or the perception that he is likely to return to power. And conversely, that his not having control of the reins of government is responsible for any bad news. It’s a win-win perversion of reality that feeds his massive, yet fragile, ego.

Click here to Tweet this article

Donald Trump Circling the Drain

However, many psychological experts and academics agree that the debilitating severity of Trump’s psychoses make him unfit for any position of authority. His obvious cognitive deficiencies forebode catastrophe were he to reoccupy the White House. A warning was issued recently in “a letter signed by more than 200 mental health professionals” who said that…

“Donald Trump is dangerous because of ‘his symptoms of severe, untreatable personality disorder – malignant narcissism’, which makes him ‘grossly unfit for leadership.’ [and that he poses] an existential threat to democracy. [and that he] shows a lifetime pattern of ‘failure to conform to social norms and laws,’ ‘repeated lying,’ ‘reckless disregard for the safety of others,’ ‘irritability,’ ‘impulsivity,’ ‘irresponsibility,’ and ‘lack of remorse.

Those symptoms were evident in remarks Trump made at his cult rally Thursday in Nevada. Among his diversions from the real world was a detour he took lauding his failing Twitter ripoff, Truth Social. As usual, he sought to portray everything that he touched as golden, no matter how absurdly misguided (video below). He said that…

“‘Sir. You’ll never get the name ‘Truth,’ sir. That’s a term that you will never get.’ I said I only need five letters, right?. I said ‘Wouldn’t ‘Truth’ be great?’ They said ‘Sir, you won’t get it. You won’t get it.’ I said ‘Check.’ They said ‘Sir, I will, but you’re not gonna get it.’ ‘CHECK!’ And they came back, ‘Sir, it was available and we bought it for $2,000.’ Can you believe it?”

Let’s pause here to note that this is another one of Trump’s wholly imaginary discussions with the voices in his head who always call him “Sir.”. However, the fact is that he did not get the name “Truth” for his website. He got “Truth Social.” The “Truth” dot com domain is currently owned by a hardware business in Owatonna, Minnesota. Undaunted, Trump continued…

“And then it had a little burst. I don’t know what the hell’s going on. So. here’s my friend, he said they deplatform you, they take it all away, they try to destroy you. And you open up something and, as of yesterday it was worth 10 billion crazy dollars. Did you see that? Ten billion dollars, Mr. Senator. And they are going crazy.”

It’s pretty safe to agree with Trump when he admits that “I don’t know what the hell’s going on.” Although he’s also right about the current net asset value of the stock of Truth Social’s corporate parent, Trump Media and Technology Group (TMTG). However, that value is entirely the result of the rubes who invest because they are indoctrinated members of the Trump cult.

TMTG makes a relative pittance and is losing millions. Were it to be valued according to its earnings it would be a penny stock. However, when the stock recently rose in value, Trump declared that it was because he was beating Kamala Harris in the polls by a lot (he wasn’t), and that investors believed he was going to be the victor in the election. But that would be a preposterous foundation on which to invest. He is more than likely to lose, and the company would still be pretty much worthless if he won.

That said, as Trump was bragging about the value of the Truth Social, it’s value was taking a nosedive. This week it dropped about 46% from its intraweek high. Would Trump now say that the reason for that collapse is that he’s losing in the polls and and investors expect Harris to beat him next week? Not likely. That’s where the defense mechanism of his mental maladies kicks in. His psyche is immune from harm because all he can see is his perceived greatness.

BONUS UPDATE: Trump Media Outsourced Jobs to Mexico Even as Trump Pushes “America First”

In the meantime, here is a brief record of the disastrous existence of Truth Social and TMTG…

Trump Media is Purging Those Too Weak to Keep Up the Crumbling Truth Social Scam (ProPublica)
An investigation of TMTG by ProPublica has just uncovered yet another example of the company’s corruption. The report found that “people with knowledge of the company” have confirmed that several top executives of the company appear to have been ousted following an internal investigation by a lawyer that the company hired to examine allegations of “mismanagement” and “misuse” of funds by it’s CEO, and Trump flunky, Devin Nunes.

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 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.

Trump’s Promise Not to Sell His Truth Social Stock May Land Him in Financial and Legal Peril

Posted by on September 14, 2024 at 10:36 am. 7 Comments :

The candidacy of Donald Trump for president is historic in many respects, none of which are actually respectable. For instance, he is the first candidate to have had three wives, all of whom he cheated on, including with a porn star whose silence he tried to buy for $130,000.00. He is the first to have hosted a sham reality TV game show, but had no experience in government or military service. He is the first to have been adjudicated as a rapist.

Click here to Tweet this article

Donald Trump, Stock Market

In addition to his continually lengthening rap sheet, Trump is also the first candidate of a major political party (if we can still call the Republican Party that) to be running after having been convicted of 34 felonies, with another 52 charges pending. With that sort of record, the last thing that Trump needs is to engage in more criminal activities that burnish his credentials as an aspiring mob boss.

SEE THIS: WHOA! Did Trump Just Admit that He’s Guilty and is Whining that He Couldn’t Make a Plea Deal?

Nevertheless, this week Trump may have set himself up for some more indictments related to his notoriously unscrupulous business operations. At a press avail staged at his Palos Verdes, California, golf resort, Trump was asked a question about the abysmal performance of his Trump Media and Technology Group (TMTG) stock that has lost more than three quarters of its value since its March debut on the NASDAQ stock exchange…

Reporter: Trump Media shares (DJT) are down about 75% since their peak in March. Your lockdown provision ends soon. Will you sell your shares?
Trump: No, I’m not selling. I love it.

Driving the point home, Trump later repeated that “I’m not gonna sell my shares. I don’t need money” Which makes it all the more curious that he is constantly begging his cult followers for more donations and trying to sell them garbage like Trump-branded sneakers and bibles. But more to the point, Trump has now made a declarative statement that he is not going to sell his shares of TMTG when the lock-up period expires in the next week or so.

The problem with that is that, now, if Trump does sell, he could be in violation of Federal securities fraud laws governing stock manipulation and subject to up to 20 years in prison. It is illegal for company principals and major shareholders to mislead investors as to their future positions in a stock.

The reason for these laws was evident in the movement of the stock following Trump’s statement. The stock jumped $4.00 (a 27% increase) after he made this comment. Then it fell back a couple of bucks before the NASDAQ briefly suspended trading. But the effect was obvious to everyone but Trump, who posted a furious complaint on his failing Truth Social website…

“Why is NASDAQ halting the sale of DJT? What right do they have to do this? They have done it twice today. What’s going on? Are they taking orders from the SEC, which, for political reasons, delayed us for an inordinate amount of time, therefore hurting the stock very badly? I am going to hold NASDAQ, and maybe the SEC, liable for doing what they are doing. If they do it again, we will move the stock to the New York Stock Exchange. It is my intention to own this stock for a long period of time. In my opinion, it is THE REAL VOICE OF AMERICA, but it is definitely MY VOICE, and it will be for a long time to come!”

Naturally, Trump was outraged for what he can only perceive as a personal attack on his eminence that involved some imaginary, widespread, “Deep State” conspiracy against him. The temporary delay in trading was a routine response to unusual volatility in the stock. It was not for “an inordinate amount of time.” It was for five minutes, twice, to protect investors from potential fraud. But no one will be surprised that Trump resorted to issuing a threat in response to the prudent measures taken as a result of his irresponsible – and likely dishonest – comments.

In the next week or so we will see whether Trump keeps his word not to sell any of his shares. If he does sell, it will not only tank the stock, causing major losses for the remaining shareholders, it will make Trump liable for potential charges of stock manipulation, as well as lawsuits from other shareholders. And all of this is unfolding in the final weeks of the presidential campaign when he is already suffering major political losses.

The troubles that are drowning Trump’s website and stock are nothing new. What follows are a few of the financial and legal blows that his failing enterprise has endured…

LOSER Trump’s Truth Social is Well on its Way to Becoming His Next Bankruptcy
Trump Media reported net sales of $836,000, down 30% vs. a year earlier. It was the third straight quarter of roughly $800,000 in revenue, up slightly from Q1’s $770,500. 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.”

Be sure to visit and follow News Corpse
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.